Leadership & management

Insight / CFO checks out of Air Partner

Private jet hire company Air Partner has announced the resignation of its chief financial officer (CFO), Neil Morris, after the company revealed it intends to restate certain historic results following the discovery of a £4m accounting error stretching back over several years

Insight / Andrew Tyrie to head Competition and Markets Authority

Andrew Tyrie, the former MP and ex-chair of the Treasury select committee has been named as the new chair of the Competition and Markets Authority (CMA), UK’s independent competition authority

Insight / Accountant temporary head of SFO

The Serious Fraud Office (SFO) has named an accountant as its interim director, pending a permanent appointment to replace the outgoing head, marking the first time in its 30-year history that the agency has not been led by a lawyer

Insight / Big Four’s average bonus pay gap hits 51%

Recently published gender pay gap data shows Big Four firm, PwC, as the worst performer while smaller firm, Bishop Fleming, comes out on top with the lowest mean pay gap out of the top 25 accounting firms although average bonus data shows a large disparity across the profession, reports Amy Austin

Insight / MPs to look at gender pay gap and executive pay

With a week to go before the final deadline for the first round of gender pay gap reporting, the business, energy and industrial strategy (BEIS) committee has announced an inquiry on executive pay and the gender-pay gap in the private sector

Insight / Consultancy revenue hits £3bn at top accounting firms

The consulting arms of UK accounting firms, notably the Big Four, accounted for nearly 40% of all revenues earned in the UK consulting market in 2017, winning the majority of the work in the financial services market and representing the fastest growing firm segment, according to a report from Source Global Research

Tax / FCA changes rules on pension transfer advice

The Financial Conduct Authority (FCA) has published new rules on pension transfer advice and is seeking views on additional changes, including adviser charging structures

Accounting / FRC three-year plan aims to shake up Big Four auditor dominance

The Financial Reporting Council (FRC) has published its three-year strategy and plan for the 2018/19 financial year, which will include a previously announced comprehensive update of the UK’s corporate governance and investor stewardship codes, and indicates potential action on the dominance of the Big Four

Insight / KPMG launches black leaders’ business network

KPMG has launched the KPMG Black Leaders’ Network to improve representation of black employees across all spheres of business, including professional services firms, particularly at senior levels of management

Insight / How can accountancy and finance professionals boost their earnings?

Over half of accountants and finance professionals say they are dissatisfied with their salaries, but achieving a reasonable pay rise requires effort and determination, from improving skillsets to identifying opportunities at current employers, or even taking the plunge and looking for a new job. Karen Young, director of Hays Accountancy & Finance gives tips and advice on how to secure a pay rise

Insight / Improving workplace wellbeing: tips and advice

David Price, CEO at Health Assured, provides advice for employers to follow when promoting workplace wellbeing initiatives to improve job performance and retention among employees

Insight / PwC last of Big Four to report partner gender pay gap

PwC is the last of the Big Four to publish its revised pay gap data by gender and ethnicity to include partners, with the results showing a mean gender pay gap of 43.8%

Insight / Non-disclosure agreements: what you need to know

Beth Hale & Nick Hawkins of CM Murray LLP examine the pros and cons of non-disclosure agreements (NDA) in employment contracts in light of recent scandals and consider how they these legally binding documents can protect businesses and minimise disputes

Insight / Trio of accounting giants publish partner pay gap data

Three of the Big Four firms, Deloitte, EY and KPMG have published details of their partner pay gap for the first time, as part of moves to offer increased transparency by going beyond the requirements of new legislation on gender pay reporting

Tax / Tapered annual allowance guidance for DB pensions updated

HMRC has updated the pension guidance to clarify the calculation methods for the reduced tapered annual allowance for defined benefit pension and career average schemes for 2016-17 tax years onward