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SFO pressed to cut ‘blockbuster funding’ to tackle staffing issues


The Serious Fraud Office would be better value for money if its dependence on “blockbuster funding” was reduced, according to a government report that found the SFO’s current funding model is leading to staffing gaps.

HM Crown Prosecution Service Inspectorate has published a report into the SFO’s governance arrangements that detailed nine recommendations for improvement.

They include considering appointing a chief executive and reducing the size of the management board and setting up an executive management board.

The report said the “poor organisational culture of the past” had changed since the appointment of director David Green in 2012.

However, it said the SFO should rely less on blockbuster funding – used to cover large-scale inquiries – because it was leading to staffing gaps with 21% of SFO employees non-permanent.

HM Crown Prosecution Service Inspectorate chief inspector Kevin McGinty says: “Whilst blockbuster funding has allowed the SFO to pursue cases it would not otherwise have had the resources to take on, increasing core funding would provide the SFO with the ability to build more capacity and capability in-house.”



Openwork targets £10bn of lending as it adds Fleet to panel

Openwork has added Fleet Mortgages to its lender panel and has revealed it wants to write more than £10bn of business this year. The network wrote £9.1bn of business in 2015 and said volumes are up 48 per cent year-on-year so far in 2016. Openwork mortgage proposition director Paul Shearman says: “We are delighted to […]


Nationwide announces record mortgage lending

Nationwide Building Society announced it had a record year for lending last year as it revealed new loans were up 20 per cent year-on-year. Its annual results, published today, show it lent a record £32.6bn in the year to 4 April, up from £27.1bn in the previous year. This gives the mutual a market share […]

Society of Mortgage Professionals hires operations manager

The Society of Mortgage Professionals has appointed Vishal Pandya as its new operations manager. Pandya, who was most recently a mortgage and protection manager at HSBC, will support head of professional development Lee Travis in growing membership and raising the profile of the organisation. Travis says: “Vishal will be focusing on enhancing our overall proposition […]

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Case study – employee engagement platform centralises benefits for higher uptake

Learn how Hastings Academies Trust adopted an employee engagement platform to reinforce unity among new and veteran employees with bespoke branding and segmentation technology. Download the free case study to learn how you too can: Strategically use branding to unite a spread out workforce and reinforce key values among staff Target your message to the […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]


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