Small firms fear redundancy legal action

The study comes at a time when redundancies have hit the IFA sector hard. We reported in Professional Adviser last week that more than 40 advisers are jostling for a single position. However, with limits on awards for unfair dismissal and redundancy payments increasing earlier this year, the research from business insurers Premierline Direct shows many employers are worried about the potential financial consequences of redundancies. Its research found many small firms are avoiding axing staff despite UK unemployment figures reaching their highest point in more than a decade. Around...