Half of retirees worry about running out of money but most have not sought out advice February 16, 2022 Almost half of retirees are worried about running out of money in their retirement. Yet more than three quarters have never sought out professional advice, according to research from investment company Abrdn. The Abrdn research shows that 48 per cent of retirees are worried about running out of money in retirement. At the same time, [...]
Financial watchdog pushes through changes to “unfair and unclear” buy-now pay-later contracts February 14, 2022 The Financial Conduct Authority has pushed through changes to potentially “unfair and unclear” terms in the contracts major buy-now pay-later (BNPL) as the government prepares for a regulatory clampdown on the sector this year.
PensionBee reports revenue jump as it targets December profitability January 20, 2022 Digital pensions platform PensionBee has reported a jump in revenue today as it readies to ramp up investment into marketing and customer acquisition.
How could you invest to beat inflation? January 17, 2022 | City Talk With rising inflation, many are starting to see how investing their money can lead to better returns. On New Year’s Day, many kickstart January with a New Year’s resolution. Some give up chocolate, while others exercise more. A few take up a new hobby. But a handful resolve to spend less and save more money. [...]
The Claim Game: MPs charge taxpayers £30,000 for second home energy bills January 17, 2022 Taxpayers coughed up £30,000 for the energy bills of MPs' second homes in the first five months of last year alone, according to The Daily Mirror.
Your money in 2022: Personal finance trends to keep an eye on this year January 16, 2022 What personal finance trends are likely to shape 2022? New research shared with City A.M. looks at the sentiment and behaviours for this year. The pandemic, mixed with wider economic issues and the rising cost of living, appears to have had an effect on Brits’ relationship with money, because the findings from consumer research platform [...]
One in four people working from home will not turn heating on this winter amid rising energy costs January 14, 2022 Nearly a quarter of people working from home will not turn the heating on due to energy price concerns, says Electric Radiators Direct.
Exclusive: ‘Omicron is a reminder the world is only as good as the weakest link in the vaccination chain,’ says abrdn exec January 11, 2022 Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headlines, there remain some reasons for optimism going into 2022, according to Richard Dunbar, head of multi-asset research at global investment giant abrdn. Square Mile-based Dunbar [...]
Poverty looms for millions of UK families as energy bills climb by £1200, inflation rises and taxes jump 1.25 per cent in 2022 December 29, 2021 Soaring energy bills, inflation and rising taxes are likely to lead to a ‘cost of living catastrophe’ for millions of UK families, an economic think tank warned this morning. The Resolution Foundation (RF) said from next April families would typically face a £1,200-a-year hit to their incomes as the energy price cap is raised and [...]
Zopa pulls out of P2P consumer lending as it blames cowboy firms for ‘damaging customer trust’ December 7, 2021 Peer-to-peer giant Zopa has started to inform customers it is closing down its P2P consumer investment division, transferring its loan portfolio to its relatively new bank unit. In an email to customers, Natasha Wear, peer-to-peer CEO at Zopa, wrote that “after 16 years of peer-to-peer consumer investments at Zopa, we’ve taken the difficult decision to [...]