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....Total pay fell as companies trimmed the amount bosses could earn from bonuses and share plans. Median salaries rose by about 2% but the number of salary increases of 3% or more halved. ... [Read full article on Guardian ]
Monday 21st of August 2017 06:01:04 AM
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.... They pay 9% on any pre-tax earnings over this amount – so, the more earned, the more repaid. On an annual salary of £25,000 a year that is £30 a month, and at £30,000 it’s £67 a month. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
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....I’m crying as I write this. My employer has made bigger profits again this year but my salary is only minimum wage. ... [Read full article on Guardian ]
Tuesday 22nd of August 2017 06:00:14 AM
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....The most important factor is to take advantage of employer saving schemes that essentially donate free money towards a worker's retirement. It means a saver aged 45 on an average salary of around £31,000 a year could build up a pot of £116,305 if they retire at 68 by sacrificing just £84. ... [Read full article on Daily Express ]
Wednesday 16th of August 2017 03:02:00 PM
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.... Salaries have outstripped earnings outside rail at all levels. At the top end, Mark Carne of Network Rail, on a basic salary of £683,000, has taken home less than previous chief executives did in some years; Southern’s boss, Charles Horton, earns around £500,000. ... [Read full article on Guardian ]
Saturday 19th of August 2017 02:59:16 PM
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Latest Finance News related to Salary

FTSE 100 executive pay falls by 19% ahead of controversial reforms, says Deloitte image
....Total pay fell as companies trimmed the amount bosses could earn from bonuses and share plans. Median salaries rose by about 2% but the number of salary increases of 3% or more halved. ...
Getting to grips with a £32,220 student debt – and how you can lighten the load image
.... They pay 9% on any pre-tax earnings over this amount – so, the more earned, the more repaid. On an annual salary of £25,000 a year that is £30 a month, and at £30,000 it’s £67 a month. ...
Seven ways to cut the cost of Britain’s rail tickets image
Source : Guardian [Read Article] Saturday 19th of August 2017 02:59:16 PM
.... Salaries have outstripped earnings outside rail at all levels. At the top end, Mark Carne of Network Rail, on a basic salary of £683,000, has taken home less than previous chief executives did in some years; Southern’s boss, Charles Horton, earns around £500,000. ...
What I wish I could tell my boss: 'You take money from people who have the least' image
....But of course you won’t leave. To resign you’d have to set aside your salary – paid at multiples of the people you manage; you’d have to forego the pension benefits you have cut from your staff; you’d have to face up to the fact that you are making a profit out of our community’s suffering. ...
How you can build up a £100,000 pension pot from NOTHING even in your FORTIES image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 03:02:00 PM
....The most important factor is to take advantage of employer saving schemes that essentially donate free money towards a worker's retirement. It means a saver aged 45 on an average salary of around £31,000 a year could build up a pot of £116,305 if they retire at 68 by sacrificing just £84. ...
New pension research: Is this really a golden era for retirement? image
Source : Daily Express [Read Article] Sunday 13th of August 2017 10:29:00 AM
....So not every pensioner is feeling well off. Despite this, Close Brothers Asset Management head of pensions David Newman says pensioners have never had it so good: “Gold-plated final salary pensions have been instrumental in boosting incomes over the past 40 years, while the state pension has doubled. ...
Here’s how savers can pass £1 million on and bypass inheritance tax image
Source : Daily Express [Read Article] Saturday 12th of August 2017 04:00:00 PM
. The growing trend among savers means that many parents are opting to move money from final salary schemes to pensions that can be passed onto their offspring with little tax being deducted. ...
REVEALED: The retirees with the best pensions in Britain - do you make the list?  image
Source : Daily Express [Read Article] Thursday 10th of August 2017 11:50:00 AM
.... Britons who are men, born in 1950 and married have typically hit the retirement jackpot. People born in the 1950s have benefitted from the generous final salary employer pensions, which were at their height in the 1970s to early 1990s. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
.... Her letter doesn’t identify who the significant others are. These “significant others” also were employed by NCC as executive assistants and had an average salary in 2012 of close to $420,000 each even though they worked from home and never travelled to customer locations, according to McCaskill’s letter. ...
'Pensioners have NEVER had it so good' Retiree income better than workers' earnings image
....75. The average weekly salary for workers in Britain currently sits at a typical £473 before tax. ...
Pensioners living in golden era as income rise outstrips workers’ image
Source : Guardian [Read Article] Tuesday 8th of August 2017 12:47:17 PM
....“Pensioners have never had it so good,” said David Newman, the head of pensions at asset managers Close Brothers. “Gold-plated final-salary pensions have been instrumental in boosting incomes over the past 40 years, while the income provided by the state pension has doubled over the period, with the ‘triple lock’ maintaining growth more recently. ...
Is it a bad idea to buy a property in London if it's not home for life? image
. Q I’m 26, living in London, and on civil service salary of £34,500, and after I’ve completed my graduate scheme, I should be on £50,000-plus in a couple of years. ...
Workers who lost tribunal rights should have the chance to pursue their claims | Letters image
....You say the supreme court’s reprimand to Chris Grayling was “brutal” (Editorial, 27 July). I note he retains his cabinet minister’s job, salary and prospects. ...
Owners of ex-local authority homes face horror of bills running into thousands image
....”. Lambeth council has offered leaseholders repayment plans, but these could be unaffordable for someone on a modest salary. ...
Millions of women hit by pensions gender gap  image
Source : Daily Express [Read Article] Sunday 30th of July 2017 11:20:00 AM
....David Fairs, pensions partner at accountancy firm KPMG, says the relatively high number of women in part-time, low-paid work get a raw deal. “If we reduced the auto-enrolment trigger to £5,000 a year and made 100 per cent of salary eligible for contributions, this would go a long way towards closing the pensions gap. ...
Unpaid internships damage long-term graduate pay prospects image
Source : Guardian [Read Article] Saturday 29th of July 2017 09:01:01 PM
....That is the shock finding of the first survey of its kind of the career trajectories of tens of thousands of students over a six-year period. The study, conducted by the Institute for Social and Economic Research at the University of Essex, reveals that, three-and-a-half years after graduating, former interns face a salary penalty of approximately £3,500, compared with those who went straight into paid work, and £1,500 compared with those who went into further study. ...
Interns beware: working for free could put a dent in your career image
Source : Guardian [Read Article] Saturday 29th of July 2017 09:01:01 PM
.... The study, Access to and Returns from Unpaid Graduate Internships, finds that most graduates would be substantially better off by not doing an internship. “Almost everyone taking an unpaid internship can expect to do worse three years later than had they not: former interns face a salary penalty of approximately £3,500 … compared with those who went straight into paid work, and £1,500 compared with those who went into further study,” it concludes. ...
We have to end the horror of this feudal leasehold system image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
.... There are two million leases under 80 years in England and Wales, in properties where around three million people live. How are apartment owners expected to magic up these sums when the average salary is £27,000 – and when even after coughing up the money they still technically won’t own their properties?. ...
Capita told graduates to pay £21,000 for leaving unpaid training scheme image
....“We have a clear and unwavering commitment for all trainees and employees to be treated and compensated fairly and in compliance with all applicable laws and regulations. Our employees receive a competitive graduate salary that far exceeds national minimum wage levels. ...
How much do YOU pay in tax? Hardworking British families hit with £24k tax bill last year image
. Hardworking families are being taxed almost as much as the typical average salary and are hammered with a staggering number of levies. ...
Quarter of personal loan applicants 'seeking half their annual salary' image
.... Almost 10% of personal loan inquiries were from people hoping to borrow more than their annual income. Typically, those people wanted to borrow 131% of their earnings, the equivalent to an average £5,058 above their annual salary of £16,360. ...
After the pay furore, the BBC now has a chance to be a beacon for fairness | Will Hutton image
.... As it became clear that the BBC’s female presenters were paid much less than their male counterparts, sometimes dramatically so, the argument moved from BBC excess to the fairness with which it treats its male and female talent. Assessing fair pay can be tricky, but that’s hardly the case when there is such glaring gender salary inequality. ...
Your state pension in Dorset: £124,000. In Glasgow? £38,000 | Patrick Collinson image
.... The triple lock for today’s pensioners is inviolable. The vast final salary-based payouts of better-off public sector workers are untouchable. ...
Quiz float makes fashion firm's founding family some of Scotland's richest image
....However, the change in the company’s ownership structure will result in a number of family members leaving the business. Tarak’s wife, Nusrat, who was being paid a salary of £15,000 as a product adviser, has resigned after the couple banked about £25m. ...
State pension benefits rich and UNFAIR on ill or manual workers, says ex-pension minister image
....The state pension takes no account of differences in occupations, life expectancy or social classes, said Ms Altmann, who served under David Cameron between 2015 and 2016. Writing in City AM, the former minister said: "National Insurance amounts to a significant percentage of salary for most people, but anyone who does not live to the starting age for state pension will get nothing from this. ...
Should I cash in my endowment early to pay off my mortgage? image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:00:13 AM
.... Is it a good idea to cash in soon, or am I missing something here?. I’m 52, single and a full-time employee on an annual salary of £30,000. ...
Why all women need to know what their colleagues earn image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:00:12 AM
....) Wouldn’t the corporation have saved an awful lot of money had Charlie from Casualty (in the £350,000-£399,999 bracket) not survived gunshot wounds, a hostage situation, about 10 heart attacks, being run over by an ambulance and that time the car he was in plunged into the sea?. It has also been awkward and undignified for the stars who have had to defend their huge pay packets – Lineker blamed his agent for doing an agent’s job; the BBC breakfast presenter Dan Walker justified his salary (compared with his breakfast sofa colleagues) by pointing out he also had another job as a football presenter. ...
British Airways cabin crew extend strike into August holiday peak image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:25:45 PM
....Unite believes the extended action will soon leave BA unable to fill holes in rosters as non-striking crew – including some drafted in from other departments – reach a legal maximum on flying hours. The dispute started over pay for cabin crew, which starts at £12,100 in basic salary, but is pushed above £21,000 with bonuses and allowances, according to BA – a figure disputed by Unite, which says many crew members make around £16,000. ...
State pension age rises: Will changes affect you? Everything you need to know image
Source : Daily Express [Read Article] Wednesday 19th of July 2017 02:42:00 PM
....Graham Vidler, director of external affairs at the Pensions and Lifetime Savings Association, said: “This proposal will affect more than 7million people in their late 30s and 40s – the sandwich generation. "This group are also those most at risk of inadequate private saving – they have not had the same access to final salary pension schemes as their parents and are too old to enjoy the full benefits of automatic enrolment that their children will see. ...
HS2 cost concerns as NAO uncovers £2.7m in redundancy payouts image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:41:26 PM
....HS2 has an agreement with the Treasury to allow it to pay higher wages than elsewhere in the public sector, which Higgins has insisted is vital to recruit the best talent. The previous chief executive of HS2, Simon Kirby, hired from Network Rail in 2014 to oversee the start of construction on a £750,000 salary, quit last September. ...
State pension age to increase seven years earlier than planned image
Source : Guardian [Read Article] Wednesday 19th of July 2017 01:44:22 PM
....“This proposal will affect more than 7 million people in their late 30s and 40s – the sandwich generation,” he said. “This group are also those most at risk of inadequate private saving – they have not had the same access to final salary pension schemes as their parents and are too old to enjoy the full benefits of automatic enrolment that their children will see. ...
Russell Group urges rethink on student loan interest rate image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:40:15 PM
....”. He also suggested repayments could be made through salary sacrifice arrangements which would reduce the tax bill for graduates, adding: “Of course, there is a cost to government finances for each of these suggestions, but ultimately this should be seen as an investment in the long-term sustainability of the UK’s higher education system and in the future of those who study hard for their degrees. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
....” He added that buyers in Kensington and Chelsea would need a deposit of £450,000, based on a mortgage at 70% loan to value. “For a one-salary household, gross income would have to be £222,000. ...
Carolyn McCall to become ITV chief executive image
Source : Guardian [Read Article] Monday 17th of July 2017 06:15:51 AM
.... This is slightly less than the £30m McCall earned from starting at easyJet in 2010 to the end of the airline’s financial year in September. The broadcaster is paying McCall a base salary of £900,000, £41,000 less than Crozier, and her pension allowance has been reduced to 15% of her salary compared with her predecessor’s 25%. ...
Pension planning: Avoid these costly mistakes with your savings  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 02:14:00 PM
.... . They apply both to personal and company pensions, although the process is more complex for final salary “defined benefit” schemes. ...
4 things you should say when you get a 'no' during a salary negotiation image
Source : Independent [Read Article] Sunday 16th of July 2017 12:17:30 PM
...
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Aramco may be big, but fawning to Saudis diminishes London image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:00:14 AM
.... To make matters worse, the fall in the pound that has generated much of the increase in prices, particularly for food and clothes, has done little to improve the trade deficit. It all adds up to the average British worker putting in a 40-hour week for a salary that will be worth – once prices are taken into account – less than it was the month before. ...
British Airways cabin crew strikers prepared for long haul image
Source : Guardian [Read Article] Saturday 15th of July 2017 03:00:09 PM
.... Around 3,100 have joined Unite and voted to strike, concluding that pay on the “flexible” fleet doesn’t represent a living wage. Pay was the trigger for the dispute: basic salary starts at £12,100, although BA said an independent audit showed full-time crew earned at least £21,000 with add-ons. ...
Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs image
Source : Guardian [Read Article] Friday 14th of July 2017 03:31:40 PM
....”. The letter was sent by the MPs as Ofcom revealed that Sharon White, its chief executive, received a 15% salary increase last year. ...
'Locals get first dibs': the Manchester flats banning foreign investors image
.... Of the 91 available, 52 were advertised explicitly at investors only, or required a deposit of between 50% and 80% long before completion. Most others required at least a 20% deposit: a big ask in a city with an average salary of around £25,000. ...
Channel 4 chief David Abraham receives record pay package image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:25:12 PM
....However, flagship Channel 4 maintained its audience share in the face of a “tsunami of sport” aired by rivals including the Rio Olympics. The board awarded Abraham a bonus of £256,000, on top of his £560,000 basic salary, plus £140,000 in pension contributions. ...
The Guardian view on abolishing student fees: easier to say than to do | Editorial image
.... Universities responded – as academics such as Stefan Collini eloquently protested – by adopting business techniques, selling degrees rather than education. The average vice-chancellor’s salary is currently £277,834. ...
Switching your current account – Five minute guide with all you need to know image
....Since its launch in September 2013, more than 3. 5 million people have taken advantage All your direct debits, standing orders and other regular payments automatically move with you, as will incoming payments such as salary and pension. ...
Get rich quick? Not with Utility Warehouse image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
.... With a bit more effort, she says, “you could earn thousands of pounds each month”. Sure enough, the accompanying literature holds out the tantalising prospect of a potential income of £2,340 a month – about £28,000 a year – which is more than the average UK salary. ...
Chip: the robot banker trying to pull millennials out of their overdrafts image
.... But it works: those savers who swing between feast and famine save more, quicker, if they carry on stashing away cash even when they’re technically overdrawn. And then, when they’ve saved a month’s salary, they can transfer it back all in one go and be free. ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
....According to Tracey, Ashley joked about the £35m transfer of Andy Carroll in 2011, saying he wanted to get the player “across to Liverpool on the helicopter as soon as possible” because he knew the Merseyside club had £50m in the bank from the sale of Fernando Torres. Ashley also denied Blue’s claims that he personally paid Sports Direct chief executive Dave Forsey £6m from his own funds, including a £1m salary top-up paid from his own money to avoid having to raise the pay of other staff. ...
Mike Ashley 'paid ex-Sports Direct chief secret £1m-a-year bonus' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 04:57:10 PM
....Mike Ashley, the controversial billionaire founder of Sports Direct, allegedly secretly paid his former chief executive £1m-a-year out of his personal funds in order to keep down the pay of other staff. Ashley, who was exposed for paying warehouse staff effectively less than the minimum wage, is alleged to have paid former Sports Direct boss Dave Forsey £1m a year on top of his “official” £150,000 salary as “a side payment so as artificially to cap the wages of other staff”. ...
Skills shortage costs British businesses £2bn a year, survey finds image
....“The UK challenge of finding talent with the right skills means that businesses need to look at recruitment, development and retention differently,” he said. The survey, conducted in April and May, found 56% of businesses had to increase the salary on offer for a role “well above” market rate to get the skills they required in the previous 12 months. ...
Don’t be too quick on the draw taking pension pot, says HARVEY JONES image
Source : Daily Express [Read Article] Sunday 2nd of July 2017 11:00:00 AM
....” . In an ideal world, savers would cover their everyday living costs from a combination of, say, the state pension, a final salary scheme and lifetime annuity, while leaving the rest of their savings in income drawdown to benefit from future stock market growth. ...
Power through your work commute on an electric bike image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
.... “There’s a lot of cheap tat out there and e-bikes under £1,000 just aren’t worth it,” says Chris Moody from the Electric Bike Sales shop in Bristol. A smart way to ease the financial pain is to sign up to a cycle-to-work scheme, the government-backed initiative that can knock up to 40% off the cost of a new bike through salary sacrifice. ...
I'm a successful web developer but it's the wrong career for me image
Source : Guardian [Read Article] Monday 26th of June 2017 06:00:02 AM
.... I found work as a technical writer, then a junior business analyst, then a UX (user experience) web designer and finally a web developer. The last role has been my vocation for a good four years and I’ve done well – I have a great salary and enjoy recognition from my peers. ...
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BRITAIN'S SHAME: Ex-soldiers facing 'dangerous' levels of debt, warn experts  image
Source : Daily Express [Read Article] Saturday 24th of June 2017 10:33:00 AM
....“Once out of barracks they have to pay rent, council tax and utility bills that they previously would not have been responsible for. "A service person’s salary is also often far more than what they can achieve in the private sector and, despite lots of work by the Forces to help with the transition, often they struggle to find jobs quickly. ...
M&S fashion chief will leave behind £1.7m as she departs Halfords image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:24:01 PM
.... Her total pay slid by just over £110,000 to £741,412 as she missed out on an annual bonus after resigning from Halfords in May. She was in line to receive about £255,000, equivalent to half her base salary this year. ...
Paul Myners: Barclays realised taxpayer bailout would hit bonuses image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:01:43 PM
....RBS was limited to paying cash bonuses of no more than £2,000, with any additional payouts made in shares that had to held for several years. When a bonus cap was introduced by the European Union in 2013, limiting bonuses to one times salary or double if shareholders approved, the government refused to give the approval that would have allowed RBS to pay out more. ...
Whole Foods for thought: Austin foodies ponder future under Amazon image
Source : Guardian [Read Article] Monday 19th of June 2017 06:00:28 AM
....“Here it’s great, I get full benefits and everything,” another worker said, adding that he had heard negative reports about the work environment at an Amazon warehouse but was not worried about potential job losses if Bezos’s drone-loving company pursues a more automated approach. “No, I’m more just worried about general changes and how the salary works and benefits,” he said. ...
Pension transfers are now worth more than the average home image
Source : Daily Express [Read Article] Monday 19th of June 2017 12:00:00 AM
. Mutual insurer Royal London found a growth of more than 50 per cent in the volume of transfers out of final salary pensions taking place in the last year, with the most common transfer value lying in the £250,000 to £500,000 range. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
.... No one pretends that the contributions into auto-enrolled pensions are anything other than puny. Currently, employers only have to pay in 1% of salary, and employees another 1%. ...
Should you join the charge and buy an electric car? image
Source : Guardian [Read Article] Saturday 17th of June 2017 06:00:30 AM
.... Auto Express gave the Kia Soul EV four stars when they tested it. Kemp says one thing to consider as a private buyer is whether you can persuade your employer to offer you the chance to buy the car via a salary sacrifice scheme, which can bring the cost down hugely if you are a higher rate taxpayer. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
.... But among larger employers, in particular, valuable additional “matched” contributions are available if a worker chooses to save beyond the minimum level. For example, Tesco operates a scheme where the basic pension contribution by workers is 4% of salary, matched by a 4% employer contribution. ...
Buying my own place was an impossible dream – here’s how it came true image
.... Yes, I thought. Propped up by someone on a much higher salary, here was my one chance to buy a property in the capital. ...
You’re unsuited to your company, not your job’ – our work expert responds image
....How can I change my career to something more suitable when my CV has these types of “comply and repeat” roles? . I can’t afford to drop my salary level or pay more than a few hundred pounds for training, and I feel trapped. ...
SSE boss gets 72% pay rise weeks after arguing against cap on bills image
Source : Guardian [Read Article] Friday 16th of June 2017 05:24:56 PM
....The pay rise is even bigger than the 40% rise awarded to the chief executive of the British Gas owner, Centrica. Phillips-Davies was paid £844,000 in base salary, largely unchanged from last year, but topped up by £25,000 in benefits, a £910,000 annual bonus – more than double the year before – and a long-term incentive payout of £644,000. ...
More than half of Morrisons investors rebel over executive pay image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:21:25 PM
....The vote comes after shareholder advisory services, including ISS, recommended rejecting the report. The supermarket chain had announced plans to increase the maximum long-term bonus for its chief executive, David Potts, from 240% of his basic salary to up to 300%. ...
Morrisons' indignation over shareholder rebellion is misplaced | Nils Pratley image
....8m in total, which ought to be enough to get him out of bed in the morning. Why does Potts need a carrot worth an extra half a million? At this point, Morrisons’ argument descends into the usual pleas about what a good job Potts is doing and how an LTIP set at “only” 240% salary was subpar for a FTSE 100 chief executive. ...
Grenfell Tower's managers were reviewing safety after fire at another block image
....3m last year on revenues of £271m and paid investors a dividend of £2m, the largest slice of which went to Rydon’s chief executive and largest shareholder, Robert Bond, 61. The company’s highest paid director, usually the chief executive, also earned a salary of £424,000 in 2016, a pay rise from £392,000 the year before. ...
Thames Water given maximum £8.5m fine for missing leak target image
Source : Guardian [Read Article] Wednesday 14th of June 2017 10:38:37 AM
....”. Robertson, who joined Thames Water in September 2016, was awarded an annual bonus of £54,000 and is paid a basic salary of £700,000 a year. ...
Five-minute guide to following your football team image
Source : Daily Express [Read Article] Sunday 11th of June 2017 12:01:00 AM
.... . Fans can console themselves with the knowledge that this helps to fund Paul Pogba’s £290,000-a-week salary, the highest in the Premier League. ...
I work best independently, but am trapped in a job where that's frowned on image
.... I recognise that I am unsuited to the job because I don’t have the personality traits to follow routine processes blindly. How can I change my career to something more suitable when my CV has these types of “comply and repeat” roles? I can’t afford to drop my salary level or pay more than a few hundred pounds for training – I feel trapped. ...
Will we pay higher stamp duty as my girlfriend has inherited property? image
....Second, as we are unmarried, we could acquire the new property in my name only. However, to secure a large enough mortgage, we need it to be calculated from both our salaries and, with the property in just my name, banks would only offer a home loan based on my salary. ...
WPP boss £48m pay voted against by a fifth of investors image
Source : BBC [Read Article] Wednesday 7th of June 2017 02:46:21 PM
....She said: "Executive pay at WPP continues to look excessive. "Whilst we acknowledge that the reduction in the total long term bonuses and incentives available to executives under the new remuneration policy is a step in the right direction, the sheer scale of these remains exceptionally high, at over nine times the salary for the CEO. ...
Burberry's Bailey to get £10.5m in shares when he checks out as CEO image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:35:18 PM
.... His pay deals also include a £440,000 allowance to cover clothes and other items. Bailey’s salary will remain at £1. ...
Wealth 'begins at £134,170 a year' image
Source : BBC [Read Article] Monday 5th of June 2017 02:41:04 PM
....Regional variations are also notable. In Wales, the average person considers an annual salary of £91,681 to be the point at which wealth begins. ...
Savings would last about a month on average, report says image
Source : BBC [Read Article] Sunday 4th of June 2017 11:05:50 PM
.... . As a general rule, many financial advisers suggest people have at least three months of salary saved in case of emergencies. ...
Yes, house prices are falling: but they probably won’t fall quickly image
.... But there is good news on this front, because pension deficits at the UK’s largest companies appear to be falling. Pension adviser Mercer said last week that the collective deficit of final salary pension schemes among FTSE 350 firms fell in the past month by more than £10bn – from £145bn to £134bn. ...
The strange death of strikes in Britain image
Source : Guardian [Read Article] Saturday 3rd of June 2017 06:00:46 AM
. A strike at BT is threatened after it emerged this week that the company may be drastically slashing its final salary pension scheme. ...
More than half of those retiring in 2017 are doing so early, says survey image
Source : Daily Express [Read Article] Friday 2nd of June 2017 12:01:00 AM
.... . Many people approaching their retirement may also be relying to some extent on "gold plated" defined benefit pension (DB) schemes, such as final salary pensions, which guarantee a certain level of income to people when they give up work. ...

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