Control or catastrophe? Farage, fortune, freedom and a £199 subscription December 22, 2020 For the small price of £199 a year, promises Nigel Farage, you can “take back control” of your finances. Gold, real estate trusts, even a crypto revolution – all are tickets to an independent financial future, all stamped with the Brexit Party founder’s seal of approval. Or, at least, that’s the idea. But the jury [...]
Curve and Plaid team up to bring open banking to UK customers December 16, 2020 Curve, a smart banking platform, has joined forces with Plaid, an open finance data network, to help people manage their money.
How much should I be saving for retirement? December 14, 2020 | City Talk Investors globally are saving actively toward their retirement, but how much is enough? It is a question that has confounded people for generations: how much is enough when it comes to saving for retirement? The unfortunate truth is that no one can know for sure. Our desires and needs in retirement change – as do [...]
UK companies are cheap: the smaller the cheaper December 11, 2020 | City Talk UK stocks have lagged their global peers, but is the stage set for a change of fortune? Many investors in UK stocks have looked on enviously at the super-sized returns that global stocks, and US stocks in particular, have been able to deliver over recent years. That all changed this month. As of 18 November, [...]
Mind the gap: Study shows savers are 94% worse off than investors December 8, 2020 A substantial investment gap has opened up between those who opted to save and those who decided to invest over the last 10 years. According to a survey by online investment platform Charles Stanley Direct, those who save in cash accounts are on average 94 per cent worse off than their counterparts. For example, £10,000 [...]
A 2020 roundup December 8, 2020 | City Talk As we come into the final chapter of 2020, it is safe to say this has been a challenging year with the many new and unfamiliar situations that the world has had to quickly adapt to. Almost overnight, the world had to adjust to a new way of living and working which has seen nearly [...]
Savings shortfall: 41% worry they won’t have enough to retire December 4, 2020 | City Talk If you are worried you will not have enough saved for your retirement, you are not alone, a major new study has found. Figuring out how much you should save for your retirement is never easy. Your needs change over time, just as your income fluctuates. If you knew exactly how much you would earn [...]
Exclusive: Londoners take out 133 per cent more payday loans to cover Christmas this year December 4, 2020 Pressure on households to overspend this Christmas is increasingly making Londoners resort to payday loans to cover the costs of the festive period. Payday loans in London are set to increase by 133 per cent as households struggle to cover the costs of the holidays, according to the findings of a survey that pan-European credit [...]
Hush money: Bank of England pressured to find ‘missing’ £50bn in cash December 4, 2020 The Bank of England must launch an investigation to find £50bn of “missing” banknotes that have been “stashed” around the country, the government’s spending committee has warned. In a rare exchange with Threadneedle Street, the Public Accounts Committee (PAC) today called on the Bank to “get a better handle on the national currency it controls”. [...]
Sadiq Khan launches £1m Resilience Fund for London’s post-pandemic recovery December 4, 2020 The Mayor of London announced the launch of a £1m Resilience Fund, partnering community groups and innovation experts to tackle London’s most pressing challenges. The Resilience Fund will be delivered in partnership with Nesta Challenges, an innovation foundation. Local authorities, public agencies, social enterprise will be asked to identify specific challenges they need solved. Sadiq [...]