Category Archives: General

How do businesses founded during the recession differ from those that started up ahead of the economic downturn?

The 2014 annual DNA of an Entrepreneur Report from Hiscox, providers of IoD Professional Indemnity Insurance and IoD Office Insurance, has uncovered some significant differences between the two sets of business owners – firms founded in financially challenging times, aka Generation Recession businesses, are more likely to have a younger, female owner and are more focused on digital and social media. What’s more, the data, compiled from 3,500 small businesses in six countries, suggests this new breed of entrepreneurs are more likely to have hired staff in the past year and, despite the challenging economic conditions, they’re optimistic about success … Read More »

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Where Now for Retirement Income?

Malcolm Small, a Senior Advisor on Financial Services Policy at the IoD, reflects on the new pension rules. As the dust settles after the announcements in Budget 2014, it is becoming clear that the choices for consumers at retirement around how they might generate income have moved from huge and complex, to huge, complex and almost infinite. Recent announcements about the tax treatment of inherited pension funds have added fuel to the fire. Conversations with industry players and commentators have revealed some quite surprising conservatism and paternalism, suggesting that the whole purpose of pension saving is to produce a regular … Read More »

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How do your Zero Hours Staff fare with Auto Enrolment?

Caroline Castle, from Torquil Clark, provides monthly guidance on auto enrolment topics that employers should pay particular attention to. There has been a lot of news recently about “zero hours” staff and the uncertainty that this causes both the employee and the employer. These are employees who have a contract under which they work for a certain employer, but do not have a fixed number of hours or schedule for their working week. An employer can determine there is no work for the employee and the employee themselves can also decide they are unavailable to work during at a particular … Read More »

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The EU reform agenda – What is Labour’s?

Over the past 18 months since David Cameron first outlined his broad vision for renegotiating the UK’s place in a reformed European Union, discussion over how this might play out has occupied much of the debate surrounding the Conservatives’ future Europe policy orientation. Protecting the interests of countries outside the Eurozone, “repatriation of powers” and freedom of movement are just some of the issues that have been thrown into the mix.

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Simon Walker on the Annual Convention: 1950-2014

The Annual Convention is a place for ideas. You’d expect nothing less from an event, now in its 64th year, where over 2,000 business leaders, entrepreneurs and politicians meet to set the business agenda for the year ahead. And this year’s theme, ‘game changers’, fits right into the legacy of the Convention. The founder of Wikipedia, Jimmy Wales, arguing that we’re still “in the very beginnings of the internet” may feel a far cry from Earl Mountbatten of Burma urging his audience “to be ready everywhere, all the time” back in 1959. But preparing for the future and anticipating tomorrow’s … Read More »

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Celebrating Game Changers

Allister Heath, the deputy editor of the Daily Telegraph, recently gave a rather gloomy analysis of the UK’s prospects. “Britain’s problem,” he said, “is that our economy and society aren’t sufficiently dynamic. We are not adapting fast enough, with dire consequences for our productivity.” At the IoD we are more positive about the ability of Britain’s business community to innovate, creating new products and services, and boosting competition for consumers. But Heath is right that a healthy economy requires permanent revolution, with creative companies constantly disrupting markets and developing new technologies. That’s why at this year’s IoD Annual Convention we … Read More »

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