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Monthly Archives: November 2017
City calls for pension pot refocus ahead of Budget day
The City is calling on Philip Hammond to tweak workplace pension rules so that millions of pounds in pension fund money goes straight to good causes, ahead of this week’s Budget. Theresa May was due to meet with senior City … Continue reading
Credit card limits need control
More than a million credit card users who are struggling financially have had their credit limits increased without asking, a charity has said. Such borrowing could make their financial problems worse, so Citizens Advice is calling for a ban on … Continue reading
House price falls now widespread, says surveyors
House prices are now falling in four areas of the country, according to the latest report from chartered surveyors. The Royal Institution of Chartered Surveyors (RICS) has said that prices are declining in London, the South East, East Anglia and … Continue reading
Some savers ‘worse off’ after banks fail to pass on rate rise.
Days after the rise in base rates, just 17 out of 150 providers have passed on improved returns to their savers. The Bank of England recently raised rates by 0.25% to 0.5%, the first rise in a decade. Many banks … Continue reading
The winners and losers of Japan’s landside election
The landslide victory in Japan for the party behind Abenomics is likely to be good news for industries from nuclear power to defence, while posing challenges to others such as retailers. Prime Minister Shinzo Abe’s ruling coalition retained its two-thirds … Continue reading
Pensions minister wants an IFA in every workplace
Every business should consider hiring a financial adviser for its staff, according to pensions minister Guy Opperman. Speaking at the Pensions and Lifetime Savings Association (PLSA) conference in Manchester, Opperman said he visited a pottery business in Stoke where the employer brought in an … Continue reading