Bitcoin has no future in payments, warns top crypto boss May 16, 2022 Crypto billionaire Sam Bankman-Fried has warned bitcoin will never function as a payments network due to its inefficiency, as the crypto world scrambles to steady the market after a sell-off frenzy in the past week.
FCA uses emergency powers to stop British Steel Pension scandal advisers selling assets April 25, 2022 The UK’s financial watchdog is using emergency powers to stop the firms who advised British Steel Pension Scheme (BSPS) victims from selling off assets to avoid paying compensation. The Financial Conduct Authority (FCA) has launched the emergency asset restriction rules without consultation, in a bid to stop firms from wiggling out of victims’ hard-won redress. [...]
The City’s Purple Pay called out by HMRC for promoting tax avoidance April 7, 2022 The City’s Purple Pay has been named and shamed by HM Revenue and Customs (HMRC) for promoting tax avoidance schemes. The taxman has revealed the names of companies which have promoted schemes to avoid paying tax for the first time today, warning users that they could face “large tax bills” unless they withdraw from them. [...]
Pension bodies launch saving campaign as inflation threatens spending power April 5, 2022 Top pension bodies have launched a campaign to try and boost the UK’s engagement with pensions today, as fears grow that soaring inflation could take a chunk out of pensioners' spending power.
Czech billionaire set to get $750m windfall after listing lottery operator in New York April 3, 2022 Czech billionaire Karel Komárek is set to a receive a payout worth $750m (£572m), after floating the gambling company, that is set to take over from Camelot in running the UK’s National Lottery, on the New York stock exchange. Komárek is set to be the main beneficiary of a $750m cash windfall, after he lists [...]
Londoners more worried about housing and work situation than those in any other region of the UK April 1, 2022 Those living in London are more worried about what their work and housing situation will look like when they’re older, than those living in any other region of the UK. Although Londoners are confident in their health and believe they have enough savings to last them into old age, those living in London have significant [...]
Students to ‘shoulder burden’ of public finances under loan reforms March 29, 2022 Students will be left shouldering the burden of Covid and Brexit under reforms to the loans repayment scheme, economic analysts have warned.
Six strategies for your retirement income March 22, 2022 | City Talk What surprises me most about my wife’s catering business is how much food is usually left over. I often ask: ‘Is there a better way to manage food costs?’. Her answer is always the same: ‘Better to have food left over than fall short.’ She has the exceptional ability to estimate how much each person [...]
Soaring inflation is UK’s main financial concern March 20, 2022 Soaring inflation is the top financial concern for UK adults, in both the long and short term, according to new research from M&G Wealth. A quarter (25 per cent) of UK adults cited soaring inflation as their main financial concern over the coming year, according to a survey of 2,000 people. A further 18 per [...]
Exclusive: Aspire chairman Paul Farrer warns Brits ‘not to walk blindly into four day week’ March 20, 2022 From a healthier work/life balance and greater job flexibility to giving employees the freedom to spend more time with their family or even focus on a side hustle, the potential advantages of the four day working week are huge. Businesses could stand to benefit too, with happier, more productive and focused staff. Amid record level [...]