More than 15 million people still have no private pension in the UK, according to the FCA

10 Nov 2017

The Financial Conduct Authority has warned that more than 15 million people in the UK still have no pension savings, despite the introduction of workplace pensions. Its latest Financial Lives survey questioned 13,000 consumers revealing that 31 per cent of

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Workers likely to face problems with final salary pension schemes

10 Nov 2017

A number of leading associations are warning that members of final salary pension schemes could face problems in the future. Amongst those issuing warnings is the powerful pensions body, the Pension and Lifetime Savings Association (PLSA), which has said that

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Robots should be used to reverse the state pension age, says TUC

5 Oct 2017

The TUC has argued that robotics and artificial intelligence (AI) should be used to benefit working people – for example, by reducing the state pension age. In a new report, the umbrella body for trade unions investigated how the next

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Investors beware: FCA warns of dangers of digital currency

5 Oct 2017

The Financial Conduct Authority (FCA) has warned consumers of the dangers of investing in cryptocurrency, as concerns grow that they lack any intrinsic value. Initial coin offerings (ICOs) – not to be confused with initial public offerings (IPOs) – are

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New Bank of England rules for landlords with multiple properties

5 Oct 2017

As of 1 October 2017, new Bank of England rules are in force which affect any landlords with four properties or more that wish to apply for a new buy-to-let mortgage, or to refinance an existing property. Due to concerns

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HMRC’s withdrawal of paper copies of important tax document may affect self-employed workers’ mortgage applications

6 Sep 2017

Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with mortgage applications. Until recently it

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Rates improve as savings market springs back into life

6 Sep 2017

Activity in the savings market has soared in recent months with the number of providers reaching its highest point in more than seven years, new figures reveal. The latest Moneyfacts UK Savings Trends Treasury Report shows that there are now

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Mortgage rate rise to bite borrowers where it hurts

6 Sep 2017

The Bank of England (BoE) announced that it would hold interest rates at a record-low of 0.25 per cent in August, but for how much longer this will low rate will remain unchanged is not known. While the economy is

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Study reveals fall in mortgage costs

29 Aug 2017

Study reveals fall in mortgage costs A new study suggests that mortgage costs across the UK are falling – a trend that is expected to continue well into the near future. According to the latest quarterly product data analysis from

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State pension age to be increased to 68

29 Aug 2017

Under new Government proposals, as many as seven million UK men and women will have to wait a year longer than expected to get their state pension. This is because the UK’s existing state pension age of 67 will be

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