Home Blog Page 3

Potential consequences of a hard Brexit

The last time investors – and the world – focused on Prime Minister Theresa May, she had to ask for a Brexit deadline extension, as Parliament hadn’t approved the plan she had negotiated with her European partners.

While she then secured an extension until October 31st, her battle to stay on as leader of the UK is over, as, apparently, is her campaign to convince Britain’s elected representatives to approve her plan to leave the European Union, seen by Brexiteers as nothing short of full surrender to Brussels.

Her resignation, due to take effect in under two weeks’ time, and the sudden, rapid rise of Nigel Farage’s new Brexit Party, have changed everything and a “hard” no-deal Brexit now seems to be firmly back on the agenda.

What is a hard Brexit?

While negotiations about the divorce between the UK and the EU seem quite unstable, if the UK leaves the block without any deal, there will be no additional transition period and both entities will be forced into unknown territory.

With the UK no longer a part of the EU, the European single market and its customs union, the ripple effect on Britain, its neighbors and the wider world will be felt for many years to come.

A hard Brexit would almost certainly lead to tighter border controls, reduced immigration and far-reaching legal changes, while some experts maintain that Britain’s trade with the continent would be severely impacted. Others insist that the UK trading with the EU on WTO (World Trade Organization) terms would be a simple affair.     

How will the pound react?

A no-deal Brexit situation could negatively impact the global financial markets, as market participants generally dislike uncertainty. A hard Brexit would also influence the Forex market. First, the GBP/EUR, then all other Forex pairs linked to the GBP and the EUR would be affected.  

Will the pound rise or fall?

Since May 6th, sterling hasn’t stopped falling and no one can say with any degree of certainty what’s going to happen to the British pound. What is clear, however, is that as long as doubt about the divorce between the European Union and the United Kingdom remains, sterling will be under pressure.

When investing in the Forex market, always remember to monitor the political, economic, and financial news that can impact the value of a specific currency by checking the economic calendar of your chosen trading platform.

“Fascinating China” has perfect ending to 72nd Cannes Film Festival

The “Fascinating China” Events of 72nd Cannes Film Festival is successfully concluded on May 15 and 16 by local time at Cannes, a beautiful town in South France. During the two days, distinguished guests and film and television practitioners from all over the world are attracted to various kinds of activities feeling for the uniqueness of “Fascinating China” during the period of the festival.

The 72nd Cannes Film Festival “Fascinating China” is jointly sponsored by Cannes International Film Festival Film Market, French National Film Commission, French National Film Center, China Xinhua Net and China Film Foundation, and undertaken by Huayi Brothers and Wu Tianming Youth Film Special Foundation, including a series of events such as “Young Film Makers Training Plan”, “Overseas Presentation of Chinese Film Industry”, “China’s Most Beautiful Shooting Location Presenting and Recommending” and “China VR Film Immersive Interaction Experiencing Exhibition”.

Wang Zhonglei (first from left), Co-founder, Vice Chairman and CEO of Huayi Brothers, and Kun Ling (first from right), Chinese actress, are presenting the prizes for the Meritorious Winners.

As one of the highlights of “Fascinating China” Events, the promotion and the award ceremony of “Young Film Makers Training Plan” are held on May 15, which is divided into two competition units, “Short Film Works” and ”Film Script”. Since its startup, more than 800 pieces of works are collected, including feature films, action films, documentaries and other types, with eventually 32 works standing out. Among them, Inheritor, narrating the heritage of traditional Chinese operas, has won the Best Award for Short Films by Young Film Makers; and the screenwriter Lin Weiran of the feature film Great Ideal People has won the Best Award for Young Screen Writers. The Round Table Forum on “Gathering and Promoting Growth of Young Film Makers” is also held on the same day. Film makers from China and France fully exchange by sharing their film ideas, educational experience and the general situation of young film makers in both countries.

The representative from the Tourism Administration Bureau of Cannes, France (first from the left), Michel Chevillon, (Fourth from the left), Vice Chairman of the Bureau of Industry and Commerce in Cote d’Azur and Chairman of Hotel Federation, Adeline CHAUVEAU (third from the right), officer in charge of movie and television projects from French Embassy to China, and the representatives from the cities awarded for “China’s most beautiful shooting location” are taking the group picture.

On May 16 (local time), an event is held at the 72nd Cannes Film Festival to recommend China’s most beautiful shooting locations on the theme of “Fascinating China”. In this event, on the list of China’s most beautiful locations are Huanghai National Forest Park in Dongtai of Jiangsu, Long Stretch of Azaleas in Bijie of Guilin, Siming District in Xiamen of Fujian, and Li Autonomous County in Lingshui of Hainan. After the wonderful live presentation, film makers from all over the world sing high praises for the scenery and vigor of China’s most beautiful shooting locations and express great interest in going to China for shooting and producing film and television works.

Audiences from all over the world are experiencing VR films.

It is worth mentioning that, as an essential part of “Fascinating China” Events, the booths for “Overseas Presentation of Chinese Film Industry”, “ China’s Most Beautiful Shooting Location Presenting and Recommending” and “China VR Film Immersive Interaction Experiencing Exhibition”, jointly launched by XinhuaNet and Cannes Film Market, are displayed during the festival. the booth for “Overseas Presentation of Chinese Film Industry” is designed to unfold the vigorous development and comprehensive strength of Chinese film industry to the whole world. More than 20 representative Chinese film works, such as The Eight Hundred and Skyfire, are introduced on the scene. As the representatives of Damei China (Chinese version of Wild China), the four places of Huanghai National Forest Park in Dongtai of Jiangsu, Long Stretch of Azaleas in Bijie of Guilin, Siming District in Xiamen of Fujian, and Li Autonomous County in Lingshui of Hainan have their own publicity films screened repeatedly at the booth for “China’s Most Beautiful Shooting Location Presenting and Recommending”, attracting many foreign film makers to stop for a look. “China VR Film Immersive Interaction Experiencing Exhibition” brings the audience two VR films with Chinese characteristics, namely Flying over RiversideSceneatQingmingFestival and Hui-style Architecture. By combining traditional culture and technology , both films intensify the understanding of overseas audience about Chinese culture, add the appeal of Chinese traditional culture to the public and make Chinese traditional culture “move up and go out”.

Contact Info:

Company: XINHUANET
Contact Person: Liu Qian
Email: liuqian@news.cn
Phone: +86 10 88050604
Website: http://www.xinhuanet.com/ent/charmingchina/index.htm
Country: China

Chinese brand “Joeone” becomes the only designated menswear brand at the offical dinner of the Cannes Film Festival

CANNES, FRANCE - MAY 13: Opening Ceremony 'La Tete Haute' Premiere. 68th Annual Cannes Film Festival at Palais des Festivals on May 13, 2015 in Cannes, France.; Shutterstock ID 277881389; Usage: web; Issue Date: n/a

In recent days, the Cannes Film Festival has gradually drew to a close. During the entire event, Chinese films and Chinese filmmakers became an integral part of the Cannes Film Festival. In the main competition units, the Chinese film “Wild Goose Lake” has received a lot of good comments and evaluations, and the Chinese stars on the Cannes red carpet have also been widely concerned by the world fashion Circle. As a most popular Chinese entertainer in the international market, Li Guangjie’s appearance on the red carpet has triggered a new “Chinese tough man fever”. As the most favorable role in China’s science fiction work “the wandering earth”, Li’s handsome appearance and good body shape, and the gentleman image of “tetsuo” will become a totally new trend in the field of international fashion.

According to the report, one of Li Guangjie’s fashionable dresses is “little black pants” specially designed by the Chinese brand Joeone. Different from other clothing products with single function, little black pants is featured by fashion variety, which can match all scenes, and become a fashion leader and technical representative of international charm.

At the just-concluded “Chinese and French cultural Night” dinner, Joeone also won the title of “the only designated menswear brand” for Cannes official dinner, which was the first time that China’s domestic brand accessed to the world’s important fashion hall–the Cannes Film Festival authorized. Mr. OLYMPIA AWARDS GELLINI, President of the Global Film and Television Union, mentioned in an interview that the choice of Joeone men’s clothing was a fancy as it is a famous garment enterprises in China, with good quality and craftsmanship. This is probably the highest praise for the Chinese brand Joeone, because there was a strong chemical reaction between the French the most picky one about fashion and Chinese brands.

As a factory in the world, while people from all over the world are used to made in China, we seem to ignore the fashion charm that Chinese itself upholds and creates.The combination of Joeone’s little black pants and Cannes fills the imagination gap of this part, but also allows the whole world to witness the extraordinary performance after the collision of Chinese fashion and world fashion.

Contact Info:

Company: Key Solution Sports Consulting Limited Company
Contact Person: YULIANG ZHANG
Email: zoezhang@key-solution.com.cn
Phone: +86 10 67081386
Website: http://www.key-solution.com.cn/

Country: China

How to Nail a Dream Job

Want to step up a level and nail your dream job? Get started with the below tips.

The decision has been made! You want to start applying for your dream job. After completing your studies, the first job enticed you with its practice, responsibility, and the right salary. However, after a few years on the job, you realized that this wasn’t the ‘dream’ you had in mind after graduation. Whether or not this scenario explains your situation, for many other graduates out there, when it’s time to level up, the realisation is all too familiar. But as most of us know, a dream doesn’t become a reality through magic and there are bound to be many bumps on the path of career success. So, exactly what is the best answer to ‘how to get the job of your dreams?

Of course, there are no set rules to nail a dream job; however, there are various best practices for finding a dream job that can help. These include having an attractive resume, being specific about the company you want to work for, and even opting for a further education course such as an MBA in Business Administration. Time and again, it turns out that an MBA degree obtained from a world-renowned university, such as the Hult International Business School , also leads to the best return on investment. In the meantime, take note of the below best ways to find a dream job.

1. Know What You’re All About

Whilst on the ‘dream job’ journey, the last thing you want is to land yourself a new job in which eight hours a day is spent looking at the clock, wishing the time goes faster and that Friday arrives for an escape from that hell. To prevent yourself crawling from one hell to another, it is, therefore, vital to be aware of exactly ‘who’ you are and ‘what’ you want. You can start with the help of a ‘best career quiz’ such as the dream job mapper, a unique and fun tool that uses big data to help you figure out your next career move.

With a tool like this, you will not only get to know yourself better but will also have more clarity on what makes you special. But you have to be honest about what kind of knowledge and experience you possess that makes you attractive to a potential employer. The tool also offers the opportunity to thoroughly answer questions such as;

  • What am I really good at?
  • Where are my priorities?
  • Where can I show experience?
  • What things do I hate doing?

2. Be Specific About the Dream Company

There is no debate about it – you want a job that will earn you good money. However, it’s even more crucial to find the right company. What good is the best job if the employer does not fit? Whether your current job is no fun and you are after a company that is more social, or you prefer to work for a larger firm where career progression seems more possible; regardless of the purpose, you must ensure that your preferences are thoroughly highlighted. After using the free career quiz, you will then be able to accurately answer the following questions;

  • Which company do I want to work for?
  • Where do I have a good chance of entry?
  • What is the company culture like?
  • Do I want to bring out my expertise more?
  • How much money do I need/want to earn?

When making a critical analysis of your desired company, also be specific about your preference for a large or a medium-sized corporation and if there is a parent company abroad. If traveling is one of the top things on your ‘to-do list’, the opportunity might come along faster with a large international firm – although not guaranteed. However, what is certain is that all these questions will eventually lead you down the heavenly path of work.

3. Study for a Master’s degree

A master’s degree is highly valued in the world of work, most especially an MBA. Business administration has long been considered one of the most important success factors of companies. Such a degree offers up on good leadership skills which is an indispensable prerequisite for a sustainable increase in the company value. However, both the professional orientation of the MBA program and the chosen business school plays an essential role hence why it’s vital to take time and choose the best MBA business school.

4. Your Resume is the Golden Ticket

Unlike beauty, your resume is not in the eye of the beholder. What many recruiters are after is an applicant with solid, professional experience. To put it bluntly, your experience is not a matter of opinion, but rather, appertains to ‘what can be proven’. So, as the ticket to the job interview,

it’s vital to have a clear, well-structured resume to make it easier for the HR manager to find important information about you. This ultimately increases your chances of being invited to a job interview. Any related experience to the dream job you are applying for must also be clearly detailed for the recruiter to see at first glance.

5. Attend Networking Events

Despite the above crucial steps, it’s not all hard work when finding a dream job. You can also have fun meeting new people through networking. As Dennis Witley once said, ‘If you’re not networking, you’re not working’. So don’t take that statement lightly – networking is essential for your career and being social is also part of work. With it, you can acquire valuable industry knowledge whilst meeting inspiring personalities that bring momentum into your desired field of work. By attending events, you also get to network with interesting people – maybe someone whose company is looking for a new senior manager? Such events also offer a relaxed atmosphere to go out and make new contacts – but do not forget to take your business card with you!

To conclude, the search for your dream job should always place more focus on personal development, acquiring new skills and expanding your network, rather than being a painful duty or ‘get rich quick’ scheme. With the help of the dream job mapper tool, you will be more certain about which job and career path best suits you.

So why not get a head start by adding your profile on LinkedIn? Get in touch with lots of interesting people around the world – both educators as well as company CEOs. Remember, it’s all about enjoying the journey!

Money management is very important in currency trading

There will be a lot of movement in the price charts. That is not good for the retail traders. Most of the time in the business, the losses will be there. But from time to time, you can change your faith by learning about good management of the trades. In the system of currency trading, the most pressing concern of the traders needs to be saving their investment. The right performance is not so possible for the traders to pull out. For that, the thinking has to be straight. And some good market analysis work needs to be done. We are talking about using a combination of the Fibonacci retracement and the trend line analysis. Then there will also be some proper research on the support and resistance zones. But none of them will used properly without some good thinking of management. In the following article, there will be some concepts shared for the right management of the business itself. If you can make it proper, there will be no doubt of getting some good income.

A good trader will try to keep the trades safe with risks

The right trading performance will have to be with proper thinking of the risks. As we talked about earlier, the currency trading system is more likely to keep your capital safe. And proper risk management will be good for that. Well, the traders may need to think about the stop-loss with the right analysis process. The Fibonacci retracement and trend lines will be good for that. But without a proper reference, the traders may not have the right kind of planning for that. We are talking about the novice traders being right with the safety concern. All of the trades will have to be good with the management. You can also use a cent account if you feel it will help. Until the trading mind learns about some good control onto the risk per trade, you can stay with that. Most importantly, the demo trading account can help all of the traders to learn about some good things.

Trade with a very low-risk exposure

Taking a huge risk in each trade will never help you to become a successful trader. At the initial stage, you have to use the Saxo demo trading account to learn about the details of the currency trading business. Follow the basic rules of money management so that you can easily embrace small loses. Never become frustrated after losing a few trades in a row. Losing is just a part of the trading profession. Prepare yourself to trade with managed risk so that you can easily become a successful trader.

The profit targets will have to be good with the analysis

Besides the right analysis of risk management, it is also necessary to think about profits. Well, we are not talking about dreaming about it. You will have to work for a target according to the retracement. And this time too, the traders need to worry about t reference for the profit targets. It will be used with the stop-loss. So, there must not be too much to manage for the market analysis work. The right performance in the business will have to be there with some proper thinking ability. If you can deal with it, the right concentration will be there for all of the trades. A good execution can also bring good profit .

In the process, you need to learn about long term process

There will be long term trading process necessary for the right executions. One thing for sure, it will make you deal with long timeframe price charts. They show less noise in the signals. The pro traders also use it to do multiple timeframe analysis. And that is not going to disappoint any of the traders. However, you need to listen to your hearts and make the right choices.

Jurg Widmer Probst reviews the greatest classic cars of all time

The tricky part of coming up with any kind of list of ‘greatest’ classic cars is that we all have different criteria. What defines a great classic? Beauty? Rarity? Value? Or just the ‘x factor’ – that indefinable something that sets some classic cars apart from others?

Well, we’ll leave that debate up to you – but in the meantime here’s our list of the greatest classic cars ever. Discuss!

4.5 Litre Bentley

This beautiful car is actually a complete beast – one of the pre-war racing cars that were used to set a number of land speed records in the early days of motor sport. As you would expect from a name as prestigious as Bentley’s, it is also incredibly well put together – this is a car with the high build quality that you get with a perfectly designed piece of furniture, or a Savile Row suit. It is the kind of quality that comes from experience and craftsmanship – and, as you’d expect it makes these pre-war Bentleys incredibly rare and highly sought after. A great British classic.

Alfa Romeo 33 Stradale

We don’t care what this car drives like – it could handle like an angry mule and we would still love it. The Alfa Romeo 33 Stradale is a product of the incredible mind of designer Franco Scaglione, and it is, we think, one of the most beautiful cars ever made. The great news is it drives almost as well as it looks good, powered by a responsive V8 engine. The bad news is that only eighteen of these cars were ever made.

Jaguar E-Type

While we are on the subject of beautiful cars, the next classic on our list is arguably even more lovely to look at than the Stradale – the iconic Jaguar E-Type. Considerably more of these were made than the Alfa too, making it a little easier to get your hands on a car that is widely considered to be a design classic. It is pretty much the design gold standard for sixties car design, and it is always a treat to see one out on the road.

Lamborghini Countach

If the E-Type summed up the style and glamour of the sixties, it is hard to think of a more 1970s-looking car than the Lamborghini Countach. It is the car that was probably up on the wall of more teenage petrol heads in that era than any other, and its classic wedge shape has been hugely influential, right though into the eighties. A gorgeous slab of classic supercar design that some will argue hasn’t been bettered since.

Ferrari 250 GTO

If you find one of these hidden under a dust cover in an old barn somewhere, you are made for life – one was sold for $38 million dollars a few years ago. Generally agreed to be the high water mark of Ferraris (which is remarkable in itself, considering the competition) the GTO is one of the best loved cars of many of the sixties most iconic racing drivers. There is a monstrous V12 engine hidden under the bonnet and it drives like a dream – although at that price you might think twice about taking it on the school run.

What are your options if you have been refused credit?

If you’ve been refused a loan or turned down for a credit card, and you need money, you might be wondering if there are any other options open to you. If you’re looking to borrow money, you may not have exhausted every opportunity yet. Here are 4 suggestions from Dave Beard at financial hub Lendingexpert.co.uk that may prove useful.

 

  • Borrowing from people you know

 

If you’ve been refused credit and you want to borrow money, have you thought about asking a close friend or a family member for a loan? If you know somebody who would be able to help you out, approach them and ask them if they would be willing to lend you money. You can set up terms to pay the money back, for example, you’ll give them £200 a month until you’ve paid off your £2,000 loan, or you can come up with an arrangement to pay the full sum back when you can afford to. Borrowing from friends and family often works well because you avoid paying high interest fees, and you can be more flexible when repaying the loan.

 

  • Using an authorised overdraft

 

If you need money, and you have a bank account, it may be possible to extend your overdraft or add an overdraft facility if you don’t already have one. To do this, you’ll need to visit the local branch of your bank or get in contact via telephone. Many banks have a series of contact numbers, and there may be an option specifically designed for those with queries about overdrafts. If your bank does approve your overdraft request, this will enable you to effectively borrow money from the bank, but you must not go over the limit. Most banks will charge a fee if you exceed the agreed limit. You might also have to pay a monthly fee for your overdraft. Check all the charges before you agree to go ahead.

 

  • Contacting a credit union

 

Credit unions are nonprofit organisations, which may be able to help you if you need money and you can’t get a loan or a credit card. Credit unions offer loans with low interest rates, they don’t usually charge for early repayment, and they also provide financial advice and tips to help you save. Before you can borrow money from a credit union, you’ll need to become a member. You can find a local credit union by visiting the Association of British Credit Unions website.

 

  • Improving your chances of borrowing in the future

 

If you have been turned down for a loan or a credit card, it’s useful to find out why, as this will help you increase your chances of being able to borrow money in the future. Often, your credit score has an instrumental role to play. If you’ve got a low credit score, this indicates high risk for a lender. Your credit rating may be poor if you have missed payments in the past, you have a lot of outstanding debt, or you rarely use your bank account. You can improve your score by paying off debts, keeping up with rent and mortgage payments, paying bills on time, and using your account frequently. If you’ve been rejected by a lender, don’t apply for more credit. If you have an application turned down, this will have a negative impact on your credit score. It’s best to wait until your rating is higher.

If you’ve been refused credit, there may still be ways to borrow money. Seek expert advice, and explore these options: https://www.lendingexpert.co.uk/how-to-get-a-loan-after-being-refused-credit/

Mattress Topper vs. New Mattress: Which is a Better Choice?

No longer satisfied with your mattress? If you sleep on a standard store-bought mattress, it’s far from uncommon to find it losing its lustre after five to 10 years of regular use, particularly if it’s a relatively affordable, low-end model.

One of the most widespread approaches to dealing with an ageing, uncomfortable mattress is to purchase a soft, supportive mattress topper. Usually made from memory foam, the right topper can add an extra level of comfort to your mattress, helping you enjoy better, deeper sleep.

In some cases, buying a mattress topper can be a great idea. However, in others, you might get better results by upgrading to a new mattress. Below, we’ve covered four situations in which you might find yourself considering these options, as well as the best choice for each one.

You want the five-star sleep experience at home

There’s nothing quite like spending the night in a five-star hotel, from the countless throw pillows to the ultra-comfortable mattress.

To replicate this experience at home on a budget, many people opt to buy a cheap mattress and cover it with a soft, supportive memory foam topper. The end results are usually mixed — while it can feel soft and comfortable, it’s rarely as good as the comfort level offered by a hotel bed.

There are also several long-term costs to this approach, namely the cost of replacing a low-end mattress after it wears out in five to 10 years of regular use. As a result, if you want to replicate the five-star hotel sleep experience at home, it’s best to invest in a new, high quality mattress.

Your existing mattress is too firm

If your mattress is new and still in good condition but just feels too firm to provide a good night’s sleep, adding a memory foam mattress topper can be a good option.

Since mattress toppers sit above your mattress, they can provide an extra level of comfort that isn’t available from an overly firm mattress. However, there’s still a chance you might feel your firm mattress underneath the topper, potentially affecting your comfort and sleep quality.

Ultimately, the best choice depends on how firm your mattress is and how this affect your sleep quality and comfort. If it’s only slightly too firm, a mattress topper can make a huge difference; if it’s uncomfortably firm, you might get better results by replacing it with a new mattress.

Your existing mattress is too soft

Mattress toppers can be made out of several different materials. While memory foam is an ideal option for adding softness and comfort to an overly firm mattress, materials like latex can prove useful if your mattress is too soft and unsupportive.

However, if your mattress is extremely soft and doesn’t provide anywhere near enough support for your body, even a firm latex topper might not be enough.

Just like the situation above, the best option here depends on the severity of the problems with your mattress. If you only need a little bit of extra firmness, a latex mattress topper could be an excellent idea; if you need a lot of extra firmness, you’ll get better results form a new mattress.

Your mattress is getting old, worn out and unsupportive

Over time, your mattress can become worn out and less supportive than it used to be. This is a particularly common problem in low-end, affordable mattresses, which often use cheaper foam and other materials to reduce manufacturing costs.

If your mattress is nearing the end of its functional life, a memory foam mattress topper can help to make it feel softer and more comfortable. However, it won’t do much to provide extra support and make up for the failing mattress.

The best option in this scenario? A new mattress is almost always the best choice, as there’s a good chance you’ll need to buy one shortly after adding the mattress topper anyway.

Tips for starting your career in beauty

It can be extremely difficult when you are first starting off in your career. After all, you may still be considering all of your career options and what pathways would best suit you and your talents.

If you have decided to enter the beauty industry, then you have a lot of things to consider, including where in the industry you would like to end up as well as whether or not you would like to open your own salon. Here are some ideas to get you started on your professional journey.

Will the beauty industry be your main career?

Before you consider which area of the beauty industry you wish to enter, you need to consider whether or not you want to be full-time. The beauty industry is the perfect place to hone your creative skills, but it is an extremely stressful workplace and can be very challenging.

This is why you may want to consider putting your beauty skills to use through part-time employment or through social media. Take videos of your creative techniques and upload them to Instagram, YouTube, Twitter and Facebook. That way, you will be able to share your techniques with your online followers as well as home in on your skills as you perfect your techniques.

Will you receive formal training?

If you are interested in joining the beauty industry, then you will need to consider whether or not you require the formal training to pursue your potential career. This mainly depends on whether or not you want to work in the creative side or management side of your chosen area of work.

For instance, if you are interested in joining management, then you may want to look into university and college courses in management and business. These courses can teach you how to handle business within a salon.

However, if you aim to be in the creative side, such as hairdressing, nail sculpting or makeup artistry, you will need a more specific course from a college to give you the qualifications you need to join a salon.

A great way to gain experience, training and a qualification in the beauty industry is to look into a beauty-related apprenticeship. An apprenticeship will allow you to work at a salon while remaining able to undertake college courses to understand your chosen business.

Where should you seek advice?

If you want to seek advice about a potential job in the beauty industry, why not look online to research the stories of successful beauty gurus before you follow in their footsteps? You may also want to consider visiting your local beauty salons to see if you can gain advice from the consultants themselves.

This can be in relation to the beauty career itself or even about smaller details of the beauty business, such as where to find beauty insurance.

Consider where to work

Will you be building your own salon empire or working in a spa? There are so many options nowadays for beauty workers that you will be spoiled for choice! You can work in spas and salons, while you may even want to consider being a beauty teacher yourself in a beauty school.

Are You Ready for the PPI Deadline in 2019?

The countdown is on for the PPI deadline. Are the banks, PPI claims companies and consumers ready?

There is less than nine months until the PPI deadline. The Financial Conduct Authority (FCA) has set 29th August 2019 as the official deadline for consumers to contact their bank regarding any mis-sold PPI policies. The FCA reports that the advertising campaign for the deadline has worked well, with more money being paid to consumers since the announcement of the deadline. It hopes that the deadline will encourage those who have not yet claimed to take action.

But with Christmas now just two weeks away, the banks will likely see a dip in the number of claims made as individuals prepare for the big day and spend time with their families. After Christmas, however, the countdown will be on until August. The closer the deadline gets, no doubt the more people who will realise the urgency of processing their claim.

To date, the banks have collectively paid £32 billion to consumers. It’s expected that the total will reach £40 billion before the cut-off date. Over 60 million PPI policies were sold in the UK, which means that many individuals have more than one policy.

After the case of Mrs Plevin, even more people can make a PPI claim based on high levels of commission on a policy. Consumers can now make a PPI claim if over 50% of their PPI policy was a commission, which has allowed thousands more people to make a claim.

PPI Claims Companies and the Banks Prepare for 2019

PPI claims companies are gearing up for a busy 2019, as they are eager to process as many claims as possible. These companies are facing their own deadline, as after August, they will no longer be able to handle PPI claims. Even the best PPI claims companies will need to plan what to do after the deadline. There are a handful of other types of claims that these companies can take on, for example, flight delay claims or payday loans, with the latter increasing significantly and even causing the collapse of Wonga into administration.

Thankfully, to handle a large volume of claims, the best PPI claims companies use effective claims management software. This enables customers to be automatically updated about their cases. For companies, checking the progress of a claim and chasing up with the bank is made significantly easier.

The banks will be bracing themselves for a busy 2019. PPI claims have impacted Lloyds Banking Group the most. In the first half of the year, nearly 20,000 complaints to the Financial Ombudsman service (FOS) were about Lloyds. The bank is no doubt preparing for a busy eight months as it aims to resolve all claims and hopefully be free of refunds.

The third biggest offender of PPI claims is Barclays Bank. The bank has come under fire this year for wrongly telling people they didn’t have PPI policies. In addition to this, Barclays Chairman John McFarlane stated that many PPI claims were fraudulent, with people simply wanting to get extra cash.

What Will Happen after the PPI Deadline?

30th August 2019 won’t quite be the end of PPI claims for the banks or claims companies. Many claims will still need resolving. This means bank employees will continue with any outstanding investigations. PPI claims companies will also be following up with the banks and notifying customers when their claims are resolved.

Those who have sent their PPI claims to the FOS for review may have to wait even longer for a result. The FOS has received a considerable number of claims from those who have decided to challenge the decision made by their bank. The backlog means that some people will not find out the result of their PPI claim until potentially long after the deadline, as the FOS seeks to review and resolve all cases.

Latest Posts