Linstock’s Friday Takeaway – 26 August 2016

“ Linstock's social listening exercise revealed interesting figures around Brexit this week, which marked 2 months since the UK voted to leave the European Union.”

In the News

Good week: encouraging better behaviours
Woodford Investment Management, co-led by leading fund manager Neil Woodford, has axed bonuses for all staff in a bid to encourage better behaviours by dis-incentivising short-term decision making. The move is a step away from the traditional view in the City that performance-linked pay helps to maximise returns. Will the new way of rewarding staff, which challenges the status quo, have a positive impact on the firm’s reputation – particularly given the negative connotations around bonuses in the City? And will it lead to better returns for investors?

Bad Week: Jeremy Corbyn
Jeremy Corbyn held a press conference to announce important new proposals for safeguarding the NHS this week – but instead had to deal with question after question on whether or not he had bent the truth when he was filmed sitting on the floor of a train he described as ‘ram-packed’. Regardless of whether the wider public is on Corbyn’s side in the spat with Virgin Trains mogul Sir Richard Branson or not, the issue was an unwelcome distraction for the Labour leader while he fights Owen Smith for party members’ votes.

Good Week: Uber
Following a successful trial in San Francisco, Uber, the popular car hailing app, has introduced a new feature that allows customers in London to book journeys up to 30 days in advance. The feature hopes to provide customers with a greater sense of security, as well as eating into the corporate market where journeys to meetings or the airport are typically booked in advance. This new feature has been hailed by some as the latest example of further innovation by a disruptive technology challenging traditional business models.

Bad Week: GCSE results
GCSE results figures this week show a significant decline in the percentage of students achieving a C grade or above. The number of students gaining A*-C grades dropped to just under 67 percent, the lowest it has been since the exams were launched in 1988. Experts in the education system have blamed societal pressures as well as the government’s push for all students to study the traditional academic disciplines, which according to critics narrows options for young people and fails to cater for different skillsets.

Linstock News
This week marked 2 months since the UK voted to leave the European Union. Linstock’s social listening exercise showed a huge drop in mentions of Brexit on social media from 54,793 posts between 23-24 June to 264 posts between 23-24 August. Findings also revealed a significant increase in the percentage of people feeling fearful about Brexit from 55 percent in June to 89 percent in August.

Client News
Andrew Tully, Pensions Technical Director at Retirement Advantage, featured in the Daily Mirror discussing the importance of auto-enrolment as a way to encourage people to begin saving into pensions from a younger age.