Savings rates fall for first time in more than two years as banks slash deals November 21, 2023 Fixed savings rates have fallen across the board for the first time in more than two years, according to new data, as inflation cools and the Bank of England hold interest rates.
Even high-earners feeling the pinch: Over a quarter on £100K pay cheque to pay cheque November 17, 2023 Around one in four people earning a six-figure salary say they are living pay cheque to pay cheque, according to a survey. Some 26 per cent of people surveyed across the UK with an annual income of £100,000-plus said they had no money left at the end of the month, wealth manager RBC Brewin Dolphin [...]
City chiefs urge chancellor to tackle ‘downward spiral of investment’ and reform ISAs and pensions November 15, 2023 The group called on the chancellor to tackle the “downward spiral of investment” that had taken hold in the UK.
Whistleblower reports to HMRC hit five year high November 13, 2023 Whistleblower reports to HM Revenue and Customs (HMRC) have hit their highest level in five years as lawyers suggest the rise can be linked to a broadening sense of “public outrage”. According to a freedom of information request to HMRC by City firm RPC, fraud reports have surged by 47 per cent in the past [...]
New route for employers to offload retirement plans as UK’s first pension ‘superfund’ deal gets approved November 6, 2023 The UK’s first commercial pension “superfund” deal was cleared by the UK regulators on Monday, opening a new route for employers.
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