10 things we learnt this week: 13 May 2016
A round-up of the recent top content you may have missed from CA Today
1. Challenger banks are catching up to the Big Five
The profits of challenger banks are on the rise, while the Big Five's are dipping, according to a new report by KPMG. Digital banks are also rising in popularity among the new generations of banking customers.
2. The UK’s highest paying companies were announced
Tech companies, banking organisations and consultancy firms made up the list of the UK’s top 10 highest paying companies. The list, which was compiled by recruitment site Glassdoor, shows how demand for highly skilled software engineers is reflected in their salaries.
3. A change in culture can help banks regain lost trust
Dr Stuart Mackintosh, Executive Director of the G30, gave a talk on how to get ethics back into banking. He stressed that for trust in the industry to be restored, there must be a focus on culture within the banks.
4. 1 in 3 UK professionals looking to take extended leave
31% of professionals in the UK are planning to take a six-month sabbatical before they retire, according to a report by Investec Wealth & Investment. Global travel, learning a new skill and spending quality time with family were among the top reasons cited for the break.
5. Indy Hothi CA offers advice to young professionals
After winning the One Young CA competition last year, Indy Hothi CA offers some advice to the next generation of business and finance professionals and explains how they can make a difference.
6. Australia to introduce new diverted profits tax
Australia plans to introduce a ‘Google tax’ on profits diverted overseas. This new diverted profits tax will apply from 1 July 2017. Further changes are being made in response to the OECD’s BEPS project.
7. ICAS President Ken McHattie CA is ready for the challenges ahead
In his first column, Ken discusses how the leak of the Panama Papers has once again caused a national debate. He says that CAs need to continue being leaders in ethics and to “take a lead in driving the agenda for greater transparency through innovation and openness".
8. Risk appetite among CFOs falls as a result of political uncertainty
The Deloitte European CFO Survey has found that uncertainty around the EU referendum has caused UK CFOs to be less likely to take risks. In the UK alone there has been a 22% drop in risk appetite among CFOs.
9. How to be happier at work
Recent research by the University of Sussex has revealed that being at work is one of the activities most likely to upset your mood. We list some easy to follow tips to help you stay happy throughout the working week.
10. What’s next for the UK renewable energy sector?
The renewables sector is showing some positive figures, with the latest figures stating that its share of electricity generation is up 5.9% since 2014. But with falling oil prices feeding through to the price of electricity, affecting revenues, is the sector a victim of its own success?