The latest industry news, research and insights
Both Bacs Direct Credit and Direct Debit payments work on a three day cycle, taking three working days to clear. Payments are submitted to BACS on the first day, processed by the banks on the second day, and simultaneously taken from the sender account and credited to the recipient account on the third day.
It’s well documented that the hospitality sector has one of the highest staff attrition rates of any industry in the UK. Not only does this disrupt workflow and increase hiring costs, it also damages hospitality’s reputation as an industry worth moving into.
The planned basic state pension increase of 2.5% announced in the Chancellors Pre Budget Report will not apply to all pensions, it has been revealed. There is also growing concern among pension organisations over the increasingly complex system of revised pension schemes.
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