Latest News

Fifth Money Laundering Directive update

23 December 2019

The Statutory Instrument implementing the new anti-money laundering rules was laid in Parliament on Friday 20 December 2019. This confirms that the Fifth Money Laundering Directive will come into force in the UK on 10 January 2020. Read More...

Prime Minister pledges new action to eliminate homelessness and rough sleeping

23 December 2019

More than £260 million has been committed by the Prime Minister for local authorities to support people who are homeless or at risk of losing their homes. Read More...

Propertymark's predictions for 2020

23 December 2019

With so many political upheavals, it’s been a challenging year for landlords and homeowners, and we hope the New Year can bring some much-needed certainty. Propertymark asked its members to share their predictions for the buying and selling market, looking ahead to 2020. Read More...

An interesting year for the housing market – 2019 trends

04 December 2019

Propertymark has analysed its sales and lettings data to reveal trends from the year. Supply has dropped considerably over the past decade while demand has increased, but year-on-year has remained relatively stable in the face of Brexit uncertainty. Read More...

The Cloud

04 December 2019

You will often hear technology companies refer to ‘the cloud’, whether it be cloud computing, cloud storage or even cloud software, but what does the cloud really mean? Ross Jezzard ARLA Propertymark Board Member, takes a look. Read More...

Major GDPR fine sends warning to property professionals

03 December 2019

UK agents should take stock of their data collection and retention procedures, following the news that a Berlin property company has been fined more than €14.5m (£12.4m) due to a GDPR breach. Read More...

Detectorists stole a £3m Viking hoard

22 November 2019

George Powell and Layton Davies dug up about 300 coins in a field in Eye, near Leominster, Herefordshire, in 2015 and did not declare the 1,100-year-old find, said to be one of the biggest to date, and instead sold it to dealers. Read More...

£57,938 raised by Propertymark in aid of homelessness charity

22 November 2019

More than 100 Propertymark agents and supporters took part in a charity sleep out for Centrepoint, a charity helping homeless young people in the UK. Read More...

A third of UK companies do not have a whistleblowing system

Friday 17 May 2019

Thirty five percent of UK companies have no system in place for employees to raise concerns about behaviour of colleagues, but it has a more firmly entrenched culture that other European countries.

A total of 1,392 companies across the UK, France, Germany and Switzerland were surveyed as part of an applied research and development project at the University of Applied Sciences HTW Chur, Switzerland in cooperation with EQS Group.

Results

The Whistleblowing Report showed In the UK companies surveyed, 39 per cent received complaints last year about misconduct on matters such as bribery, theft or fraud. Misconduct was more frequently reported (46% of cases) in large companies with more than 249 employees. 29% of these unearthed potential financial losses f between £9,000 and £90,000 via whistleblowing channels.

  • 39% of British companies surveyed received complaints last year about misconduct on matters such as bribery, theft or fraud.
  • Misconduct was more frequently reported (46% of cases) in large companies with more than 249 employees.
  • 29% of these unearthed potential financial losses of between £9,000 and £90,000 via whistleblowing channels (16% identified over £90,000).
  • UK companies were most likely to introduce a whistleblowing system to strengthen reputation as an ethical, moral company in comparison to France where avoiding financial losses was cited as the primary reason. 
  • The UK has a more firmly entrenched whistleblowing culture than many other countries.

EU Whistleblowing Directive

'Whistleblowing' means the reporting made by employees of suspected misconduct, illegal acts or failure to act within the means of their employment. The aim of a whistleblowing system is to encourage employees and others who have serious concerns about any aspect of their work to come forward and voice those concerns.

The EU has adopted the Whistleblowing Directive which will strengthen whistleblowing provisions across Europe and must be implemented into member state laws by May 2021.

This requires companies and public sector organisations with over 50 employees to set up channels and procedures for whistleblowers to be able to safely report and includes a duty of confidentiality.

The UK would not be obliged to implement it in the event of Brexit and while currently a leader in the international league for whistleblowing protection, could fall behind.

Propertymark resources

Propertymark has a range of resources to help and guide our members on various topics including a complaints procedure template. Log in to the Members Area to take a look through what’s available.

Propertymark also offer a range of training courses, including online-based tuition in order to suit every business need - a discounted rate is given to our members.