UK Jobs Outlook – a Goldilocks Scenario

Mark Cahill, Managing Director of ManPowerGroup Uk recently reported that “as we head into the summer months, the UK jobs market is not too hot, but not too cold either”.


A typical Goldilocks situation, you might say. However, TUC intelligence reveals that British workers earned £52bn less in 2012 than they did before the recession in 2007, amounting to a 7.5% drop in the nation’s earning.


No wonder the Trussell Trust – a community based organisation, established to empower local communities to combat poverty and exclusion – has seen a significant increase in Foodbanks being launched, up and down the country.


Attending the GMB Annual Conference in Plymouth recently, TU Fund Managers encouraged delegates to donate food items or cash that was then used to create food parcels for local people in crisis.


Thanks to all delegates who supported.

Social Enterprise and the Olympic Legacy

In times gone by, harvest time meant groups of neighbours helped each other in turn to get their crops in.


On one level, that seems like a simple business model, a lot less complex than, say, the game of credit default swaps.  But it’s a model that is steadily gaining popularity in the International business world.  The public sector across Europe accounts for approximately one sixth of GDP.  This is massive purchasing power and could be a driver in economic development.  Existing budgets could be used more effectively to give social and economic benefits to communities. Read More…

Trustees Come Together to Understand Pension Changes

Marion Colverd is General Manager of TU Fund Managers

As market volatility causes worrying fluctuations in funding levels which has left many pension funds facing a challenging investment outlook, trustees, now more than ever, must find ways to protect the interests of their members to provide them with a good income on retirement.


The TUC encourages all trade union members who are trustees or pensions panel members to participate in its TUC Trustee Network.  This offers regular updates on regulatory and investment issues, access to training and conferences, as well as the opportunity to meet and talk with fellow member trustees at other funds.

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Serious Illness is a Work Issue Too

PillsRecently I was invited, courtesy of Lord Evans of Watford, to attend a reception and tour of the new University College Hospital Macmillan Cancer Centre which opened its doors to patients for the first time in April.  The Centre, an outpatient facility, linked to a new model of cancer treatment, has been developed in partnership with Macmillan Cancer Support.


On the ground floor, Macmillan provides a Support & Information Service to over 100 patients each day – not only supporting them as they endure the physical and emotional effects of cancer but also providing support on a range of issues, from financial problems to help getting back to work.

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