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Autumn 2005 Newsletter


Contents

All change for pensions

A waste of time & money

Tax credit mess

Fuel up (shock)

Gimme shelter

Gulp! SIPPS

Paper or plastic?

Re: Mortgages

Bank the cheque

Subs beware

VAT's the limit

Dividend end?

The buck stops

Sack with care

Selling up

A matter of trust

We're watching

The buck stops


Managing a business can seem a heavy responsibility. It's bad enough if it's your own small business, but if you are in charge of a larger firm, you have to take decisions that affect the workers' jobs and the shareholders' money. But it's not just about profits - you have to remember your duties to protect the workers from harm as well.

You know that there are health and safety rules that must be complied with in workplaces, and penalties on the directors for breaking them. A recent prosecution is a reminder that the management is also responsible for the way employees behave towards each other, if it leads to danger or harm. An employee was subjected to racial harassment and bullying over an extended period, and the three workers who were chiefly responsible were eventually prosecuted and sent to jail. But the managing director was tried and jailed with them, for failing to stop what they were doing.

It's a reminder that managers can't ignore what is happening on their shop floor. They are supposed to know, and they are supposed to do something about it - it's not good enough to turn a blind eye. Imprisonment may seem harsh for someone who never joined in the bullying, but it's better to know what the law expects than to find out too late.