Squashed: Britvic looks to cut final salary pensions August 11, 2019 Drinks producer Britvic is planning to slash the money it pays out to 6,000 members of its final salary pension scheme. The FTSE 250 firm, which produces Robinsons soft drinks, is looking for court approval to stop measuring inflation according to the retail prices index (RPI), and instead switch to the consumer prices index (CPI). [...]
Banks, don’t forget about the human touch August 8, 2019 Technology is transforming how we all live our lives. This is true in every part of the country and in every sector, and banking is no different. But the challenge for banks is to harness the possibilities of rapidly-evolving technology for the benefit of our customers. New banking tech affects how we live our lives, [...]
The growing number of retirees in debt is a worrying problem for all generations August 7, 2019 Most people aspire to a retirement that allows them to do things that they didn’t have chance to do while they were working. But this comes at a price. Shrinking pension pots, coupled with the fact that retirees will be facing longer, more active retirements, means that debt is increasingly becoming an obstacle to consumers [...]
High-yielding Aviva rewards investor patience August 7, 2019 | City Talk Aviva is rewarding investors who stayed the course while the insurer streamlined its operations. Having previously gone through a streamlining operation which left Aviva (LSE:AV.) fitter, the focus is now turning to a strategy review to ensure the company maintains its relevance. Perhaps not surprisingly, this has resulted in mixed fortunes as the business transforms. There has been [...]
Legal & General boosts profit and revenue in first half of 2019 August 7, 2019 Legal & General boosted profit and revenue in the first half of 2019, as it said the UK represents an “enormous opportunity” for its growing pensions market. The figures The insurer saw profit before tax rise 12 per cent year on year to hit £1bn in the six months to June. Earnings per share grew in [...]
The last resort: With travel operators running into trouble, here’s how to protect your holiday August 7, 2019 When you’ve spent hundreds or even thousands of pounds to escape to somewhere sunny for the summer holidays, you may have to stifle a scream when you find out that your travel operator has gone bust days before you were set to fly. This scenario will sound all too familiar to many families, after news [...]
Avoid these 8 financial mistakes in your marriage August 1, 2019 For better, for worse, for richer, for poorer – until death do us part. Sadly, with money fights being the second leading cause of divorce behind infidelity, many of us do not adhere to this marriage vow. Read more: What are banks doing to help survivors of financial abuse? Few individuals consider financial compatibility before [...]
FCA calls for contingent charging ban on pension transfer advice July 30, 2019 Britain’s markets watchdog has proposed banning financial advisers from getting paid only when a customer moves a pension pot, a practice known as contingent charging that it said cost consumers £2bn per year. MPs called for the ban last year after accusing the Financial Conduct Authority (FCA) of being too slow to prevent “vulture” advisers [...]
What are the banks doing to help survivors of financial abuse? July 29, 2019 Money ultimately brings us freedom, so what if your partner were to restrict access to your income or bank account? It’s not uncommon for perpetrators of domestic abuse to manipulate their partners through money in this way – in fact, according to Women’s Aid, a third of survivors say that their access to cash during [...]
FCA tries to take consumers back to the nineties ahead of PPI deadline July 29, 2019 The animatronic head of Arnold Schwarzenegger and the eight-time world memory champion have been enlisted by the Financial Conduct Authority (FCA) to help consumers remember if they were mis-sold Payment Protection Insurance (PPI). With a month to go before the deadline for making PPI complaints to providers, the FCA has launched a campaign that aims [...]