Business

The FSA should be setting an example to the industry says Addidi Wealth

Anna Sofat, managing director of Addidi Wealth, says: “There is a real issue right now around how the FSA calculates the FSCS levies. While I agree that those who have received poor advice should be compensated, the way in which the regulator is demanding that IFAs deal with Keydata clients is disproportionate.

“The FSA is insisting that firms which sold Keydata products must go through all their books and compensate individuals, whether the client has complained or not. Keydata products can’t have been bad for everyone or the FSA would never have allowed them to be sold in the first place.

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Elderly and employed - the new generation of over 65's powering Britain

Fotolia 8649624_Monkey_Business_-_Fotolia.com

· Two in five of this year’s retirees want to stay in work

· One in 10 entrepreneurial pensioners would like to start their own business or    learn money from a hobby

· Prudential’s Class of 2012 research shows that working part-time is the preferred option

Two in five (40 per cent) people planning to retire this year would be happy to work past 65 if they had the chance, according to new research from Prudential.

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The rise and rise of the gran-trepreneur

gran-trepreneurThey’ve spent their lives working for others, now Britain ’s 50-somethings are setting up shop and doing it for themselves in 2012.

A staggering 71 per cent of mature women say they’re considering going into business themselves this new year, creating an entirely different breed of business woman - the ‘gran-trepreneur’!

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65 per cent of unemployed over 50s would work for free

skilledpeople logo65 per cent of unemployed over 50s would be willing to work for free, according to new research conducted by skilledpeople.com, the online recruitment service that matches experienced candidates, typically aged over 50, with SMEs.

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Over 50s unemployment – a solution for our economy? (3)

skilledpeople logoOver fifties unemployment is an increasing problem. In fact the increase in the unemployment rate for this group is almost twice as fast as that of the widely lamented 18-24 year olds.

Skilledpeople.com agrees with the argument that small businesses need support to move the UK out of recession and equally that we are in danger of losing a tremendous amount of knowledge and experience from professional people aged over fifty who find themselves under-employed.

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Mosaic Making Mature Entrepreneur

Norma VondeeNorma Vondee was a talented and dedicated teacher for many years at tough secondary schools in inner London.

Becoming a divorced new mum later on in life, she found going back to teach did not suit her, that the hard edge you so often need when teaching, had been lost. 

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Free online guide for advisers helping older jobseekers

taen-final-logoA free online good practice guide, 50 Plus Works, is seen as the reference ‘tool of choice’, according to a review which is published today (Thursday 8 March 2012) by the Department for Work and Pensions.  

50 Plus Works is aimed at advisers working for welfare-to-work organisations helping older people find work.  Developed and managed by TAEN – The Age and Employment Network, an independent charity, it is seen as a good quality, trusted, source of information, with practical help such as good practice tips, case studies and ideas for helping the 50+ jobseeker back to work. 

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Over 50s are the untapped creators of positive change in the UK says report

janet and_jonesResearch identifies the need to harness the passion and experience of older entrepreneurs.

New evidence revealed by UnLtd, the Foundation for Social Entrepreneurs shows that individuals aged 50 are playing an important role in making a positive impact by creating solutions to local issues within their communities; we call these people social entrepreneurs.

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Commenting on the National Audit Office report on the Work Programme of Tuesday today

Chris Ball

Chris Ball, Chief Executive of TAEN – The Age and Employment Network says:

A devastating disappointment, says Chris Ball

“It is good to be able to see a report on the present state of play with the Work Programme.  

“However, while we appreciate that the welfare to work industry was put under huge pressure to come up with the goods in a very tight timescale, the predictions of the National Audit Office of the likely under-performance of participants in the Work Programme is a devastating disappointment and could call into question the financial viability of many of the contracts.

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