Sign up to our newsletter for all the latest news and updates: *Our office hours are 8:30am to 5pm Monday to Friday. You’ll be guaranteed and paid for at least one hour per month/12 hours per year. Your offer should detail how much redundancy pay you will receive, and a lot of the time a voluntary redundancy package will offer a larger payment than statutory redundancy pay. ENTERED ON THE FINANCIAL SERVICES REGISTER.NO 430769. The latest official figures show around 900,000 people are now on zero-hours contracts after rising by more than 100,000 in the last three months of 2016. 240F. Police advice As we have covered before, the government will need to introduce stricter agreements in exchange for further capital injections or risk a backlash from taxpayers who have been disappointed with the return from the earlier rescue package. Do you want to leave the page? In an upcoming speech in Kent, Ms Rudd will claim that staying in the EU has kept household energy bills down, providing access to cheap electricity from the continent, along with facilitating billions of pounds of investment in the UK's energy network and supply chain. Online BillPay. We’ll charge interest up to the date of … The new regulations come in today and there are serious concerns that many airlines, consumers, businesses and airports will suffer as the UK government looks to ratchet up income from every area of the UK economy. Fill in account information and click “Add." Nationwide’s research has shown that the number of property sales in March hit a record high as many landlords rushed to buy in order to beat the rise in stamp duty. The deadline to award a contract to make blue British passports after Brexit has been extended by two weeks following a request by bidder De La Rue. UK gas and electricity wholesale prices have dropped to their lowest level in almost a decade which has sparked calls for suppliers to cut bills by 10%. You can make mortgage payments over the phone by calling 1-855-241-5700. It has been reported that more than 5,000 people were conned by fraudsters last year into sending planned payments to false bank accounts. The compensation pay-out follows a year in which the bank also paid out £95m in PPI mis-selling costs, and spent £50m closing 100 branches across the UK; however, the UK arm’s profits last year were up by 26 per cent to £1.4bn, and overall group profits increased by 32 per cent to £7.3bn. If Ms Rudd’s claims are correct, it would mean energy bills would rise by more.. Read More. Additional hours will vary according to branch requirements and will most likely be a mix of pre-arranged and short-notice cover, so flexibility around hours and location is essential.”. Robert Gardner, Nationwide’s chief economist said: "It may be that the surge in house purchase activity.. Read More, Over 230,000 withdraw money from pensions, 27/04/2016 The policy can cover you (single policy) or two people (joint policy). Redundancy fears as 800 Santander advisers face crunch meeting By Samuel Dale 8 th February 2013 12:20 pm So is the UK banking sector under yet more pressure? In April, the annual pace of house price growth slowed to 4.9%, compared with 5.7% in the month before. Santander has announced it is to close 111 branches across the UK, with 840 staff being affected by the closures. Ofgem advised that Scottish Power had failed to treat its customers fairly. Qualified advisers answering your Financial Questions call 0800 092 1245. You’ll also still get any other redundancy rights you’re entitled to, like time off to look for a new job. The Chancellor has been told to urgently establish an independent pensions review after confusion over the role the Lifetime ISA has in pension savings has “muddied the waters”. Blackford raised the concern that he feels that the introduction of the Lifetime ISA takes some attention away from the need to save enough for a secure retirement income, after NOW: Pensions released figures related to consumer attitudes.. Read More, Landlords to face tougher mortgage affordability tests, 29/03/2016 Police figures show that 5,480 similar cases were recording during 2015 compared to 3,206 the previous year. Want an ad-free experience?Subscribe to Independent Premium. You’ll be guaranteed and paid for at least one hour per month/12 hours per year. Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Surge in insecure work costs UK £4bn in lost taxes, after rising by more than 100,000 in the last three months of 2016, Santander offers staff contracts guaranteeing just one hour a month, Booking.com discount code: 10% with Level 1 Genius membership, Use this Debenhams discount and save up to 70% on men's lines - Spring offer, 20% off fitness with this exclusive Ideal World promo code, Receive a £2 AliExpress promo code with the official App, Argos discount code for 15% off selected Samsung Galaxy phones. Santander has advertised for “on-call” staff who are guaranteed just one hour of work per month, it has been revealed. Also AFAIK general employment statutory compensation on dismissal awarded by an Employment Tribunal (and what you’d expect an employer to base on in a Settlement Agreement). In December, the TUC estimated that a total of more than 3 million people are now in jobs which do not guarantee set hours, with many not entitled to benefits such as sick pay, holiday pay or a redundancy package. Growth in the United Kingdom construction sector fell to the lowest rate in nearly three years in April, as uncertainty over the result of the EU referendum and the stagnation of new business hit productivity. By Phone. Now available to retail customers in Spain, UK, Brazil and Poland, the Bank expects to roll out the service to more countries in coming months. The big six energy firms (British Gas, EDF Energy, E.ON UK, npower, Scottish Power, and SSE) have cut gas bills by just over 5% this year, but not electricity charges. Airline Flybe has collapsed. Pay by Phone. This will mean that any customers who still have the vouchers after they have expired in Sainsbury’s will be able to use them until 30th June in Tesco. FINANCIAL SERVICES REGISTER, NO: 109997. FINANCIALADVICE.CO.UK IS OWNED BY THE SHEPHERDS FRIENDLY SOCIETY LIMITED WHICH IS AN INCORPORATED FRIENDLY SOCIETY UNDER THE 1992 FRIENDLY SOCIETIES ACT NO. Between Tigo (Millicom Ghana Limited) & Databank, Barnes road, Ridge. The Bank of England will try to cool the UK housing market by introducing tougher borrowing standards for buy-to-let investors, with the Bank hoping that this will prevent the market from overheating. The future of pay day lenders is in doubt after Wonga, Britain's biggest, went into administration on August 30, Elon Musk has concluded that Tesla will remain public. As a result of their findings Scottish Power will have to pay out £18m for their failings. SANTANDER has warned its customers of a 'new device' scam currently circulating via text message, as many expressed their concerns about being targeted. The maximum weekly pay taken into account for this calculation is £450. The UK government is under pressure today to reverse the latest increase in airline taxes which will push airline ticket prices significantly higher. Even though the banking sector has received a multibillion pound rescue package over the last few weeks it would appear that some banks are in need of further capital injections to sustain their businesses in the short to medium term. Energy bills could rise by more than £500 million by the 2020s if Britain left the EU on 23rd June, according to Amber Rudd, the UK’s energy secretary. The spokesperson added that staff on these contracts “received the minimum training and updates required for our banking environment” and are treated in a “simple, personal and fair way”. For instance, if data shows that a viewer is a fan of pepsi, a billboard in the background of a shot would host an advert for pepsi, while for a viewer known to have different tastes it could be for Coca-Cola, In a card sent to Amazon CEO Jeff Bezos on the company's 25th birthday, Labour leader Jeremy Corbyn writes: "You owe the British people millions in taxes that pay for the public services that we all rely on. Total loses throughout the UK were £126 million. In her speech, she will argue that the Britain vote to leave the European Union would result in a massive electric shock to the UK due to skyrocketing energy costs. A cafe chain is a new venture for the global soft drinks giant, A funeral procession for payday loans was held in London on September 2. As well as being faster, the service shows customers … Sometimes employers offer incentives for taking voluntary redundancy, like extra redundancy pay or not having to work your notice period. Investment Returns Calculator (Range of Return Rates). In response to the latest figures chief executive of the BRC, Helen Dickinson, has said: UK high street sales have reported a 3.9% decrease during March compared to the previous year as online shopping proves to be a popular alternative during the recent cold snap. The idea of the scheme proposed by the government is to allow Housing Association tenants to buy their own homes with discounts similar to those that are.. Read More, UK house prices growth slowed down during April, 28/04/2016 Mortgage rates for two and three year fixed rate loans have fallen to record lows in February, according to research by the Mortgage Advice Bureau. The average rate for a two-year fixed rate mortgage fell to an all time low, from 2.56pc to 2.54pc, when compared to the previous month. The type of fraud in which a deposit.. Read More, UK construction activity falls to three-year low, 04/05/2016 Their flagship current account now pays less than one percent. Families could face “serious financial hardship” under new rules around overpaid tax credits, according to campaigners. A spokesperson for Santander told the FT the bank’s one-hour contracts offer “full employment rights with no obligation to accept additional hours or exclusivity”. Critical illness insurance aims to pay a one-off lump sum if you're diagnosed with a specified critical illness within the term of the policy (not all conditions are covered). Claimants are often overpaid tax credits as they are calculated on a person’s income from the previous tax year. Award-winning fund manager Anthony Bolton has this week confirmed his opinion that the UK stock market is on the verge of a "multi-year" bull run. In some cases debt collection practices were started by Scottish Power for a bill.. Read More, Study reveals fathers earn 21% more than childless men, 25/04/2016 The scam, also know as ‘mandate’ or ‘invoice’ fraud is up 71% on 2014 figures. If you want to repay your loan early in full, you’ll have to repay the balance remaining of the original loan amount but you won’t have to pay all of the interest due over the remainder of the agreement. The Prudential Regulation Authority (PRA) which regulates the mortgage market, said that action is required in order to ensure that underwriting standards from lenders do not slip, as they expect to substantially grow the number of buy-to-let investors on their books. Last week Sainsbury’s announced that it would end the scheme that allows customers who have bought cheaper branded goods at to recoup the difference in shopping vouchers, after running the promotion for five years. Nationwide has announced that they will be increasing that age limit for paying off a mortgage to 85 years old, as of July. Scottish National Party MP, Ian Blackman, called for the Tories to provide more information to savers about employer contributions and the potential dangers to retirement savings that sacrificing a workplace pension scheme for the Lifetime ISA could present. Holidaymakers in the UK have been hit with an inflation busting increase in the cost of a passport which will rise 7% to £77.50 in September this year. +233 302 937 320 / +233 302 660 303 / +233 289 516 890 Last month unemployment dropped to 4.7 per cent – equal to the lowest it has been since 1975 – but real average wages have remained stagnant for a decade and many of the newly created jobs are in insecure self-employment, gig economy jobs or zero-hours contracts. You have unsaved changes. Data from ICIS Power Index, which analyses energy markets, found that the prices have averaged at nine-year lows over the first quarter of this year. The position, based in Bromley, south London, pays £17,666, pro rata, according to the listing. Prior to April 2015, those looking to withdraw money from their pension had to pay a 55% tax charge. People on the contracts on average work 386 hours a year, according to the bank, equivalent to almost 50 eight-hour days a year, the bank reportedly said. Housebuilding was the only slight positive in the construction sector, rebounding from its 38-month low in March, while at the other end of the scale, commercial building dropped to its slowest growth rate since July 2013, according to Markit. As a result of their findings Scottish Power will have to pay out £18m for their failings. According to the City of London Police fraud investigators, the average loss to this fraud across England and Wales is £112,310. Please pay your fair share", The government has announced that it would slash almost all tariffs in the event of a no-deal Brexit. The move comes after anger at the announcement British passports would be produced by Franco-Dutch firm Gemalto when De La Rue’s contract ends in July. An estimation has been provided by the government that 30,000 people are expected to cash in their pension products when the changes begin. These initiatives come on top of others announced earlier in the week such as the three month grace period on the payment of instalments of working capital – an advantage offered to companies that receive in a Santander account the proceeds from sales from any bank card machine – and the waiver of current account fees for sole traders (MEIs) who use these amounts to pay utility … Given statutory redundancy pay is capped at £16,320, you won't pay any tax if you just receive the legal minimum. Note: Your details are validated against the details held for you on HR Online - if you have a problem accessing the site please check these details are correct. Over 230,000 people have withdrawn money from their retirement savings, since pension freedoms were introduced a year ago. Ofgem advised that Scottish Power had failed to treat its customers fairly. MPs have sharply criticised the governments plan to extend the Right to Buy to Housing Association tenants which has proven to be a controversial matter. The changes will mean that somebody aged 65 years old could take out a 25-year mortgage, as long as they can demonstrate that they would be able to afford the repayments. If Miss Furlong had not been sacked she could have applied for redundancy after nearly six years at the bank. The arrangement represents a variation on controversial zero-hours contracts which don’t guarantee any work at all. New research has revealed that fraudsters are impersonating homeowners who have recently died, or solicitors, in the hope of stealing money in mortgage transactions. Research from think tank the Resolution Foundation in December found that zero-hours workers earn £1,000 per year less than full-time employees doing the same job. Yes No. All future flights on the Exeter-based airline have been cancelled – leaving more than 2,300 staff facing an uncertain future, and wrecking the travel plans of hundreds of thousands of passengers. Access your account information online with internet banking from Santander; manage your money, cards and view other services. Banco Santander has launched a new service, Santander One Pay FX. The rise has brought the aver... Our useful calculators can help you get your finances in order: Nationwide to raise mortgage age limit to 85 years, 09/05/2016 A study has found that fathers out-earn childless men by more than a fifth, whilst the effect is reversed for mothers. A member of our team will be able to discuss the options available and find a solution that works for you. The latest contract will add further fuel to the debate about the UK’s job market. Tougher mortgage checks were introduced as a result of the financial crisis, but this has made it particularly difficult for middle-aged people to get accepted for a mortgage... Read More, Thieves using identity of dead homeowners in scams, 06/05/2016 Buy-to-let lending has increased ahead of the normal market rate in recent months with the 3 per cent stamp duty increase looming, but the PRA indicated that lenders expect a further 20 per cent growth in.. Read More, 24/03/2016 The latest figures have shown that the numbers of shoppers hitting the high street has decreased with footfall falling by 2.7%, the British retail Consortium (BRC) and Springboard have said. The tax will be taken from the redundancy package before you receive it. Select a bill category and the name of a company, or type the name of a company or person. Because of this, changes in individual circumstances can affect how much a person is entitled too, for example if they receive a pay rise. The number of thieves using the identities of those who are deceased to make mortgage applications to lenders is increasing, Experian said. The Beast from the East wiped £4m off of Flybe’s revenues due to flight cancellations, airport closures and delays, according to the budget airline’s estimates. If you’re a Santander Online Banking customer, you can make mortgage payments online with BillPay. Find out more at Santander.co.uk 86% of Santander customers also said they would be happy to recommend the lender to a friend. In response to the concerns the Financial Conduct Authority (FCA) has collated risks and potential dangers associated with selling retirement incomes. Investors and company directors were angry at Musk for tweeting unexpectedly that he was considering taking Tesla private and share prices had taken a tumble in the following weeks, Iconic British car maker Jaguar Land Rover warned on July 5, 2018 that a "bad" Brexit deal could jeopardise planned investment of more than $100 billion, upping corporate pressure as the government heads into crucial talks, Spotify traded publically for the first time on the New York Stock Exchange on Tuesday. If you need assistance doing this please contact HR Helpline on 0800 028 3803.