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Sam Younger appointed IFoA Regulatory Board Chair

 Sam Younger, incoming IFoA Regulatory Board Chair, said: “I am delighted to take on the role of Chair of the Regulatory Board, and would like to thank my predecessor, Neil Buckley, for his work and dedication over the past six years. My role will be to build on that critical work, and to help shape key decisions about the future regulation of the actuarial profession. I look forward to working with the IFoA Board, Council and members to...Read more
 
Five financial checks when starting a new role

New jobs often come with bigger pay packets - and while that’s good news, higher earners risk falling into avoidable tax traps. One of the most costly is the so-called 60% tax trap, which affects those earning between £100,000 and £125,140 a year. At the £100,000 mark, your personal allowance - the £12,570 you can usually earn tax-free - starts to taper away. The result is that income in this band is effectively taxed at 60%....Read more
Weak jobs market strong wages what it means to you

Job vacancies fell by 44,000 to 718,000 in May-July. It was the 37th successive month of falls, and vacancies are now 9.7% below their pre-pandemic level. The unemployment rate was 4.7% in April-June - up very fractionally over the quarter and the year, and above pre-pandemic rates. Before inflation, wages in April-June were up 5% in a year excluding bonuses and 4.6% including them.....Read more