‘Cash machine at the till’ for withdrawals up to £50 coming to thousands of shops across the UK Money People can soon withdraw up to £50 in notes and coins in smaller shops without having to buy anything. A scheme enabling people to get cash from retailers’ tills without needing to make a purchase is to be rolled out to more than 2,000 shops before the end of the year. Cash machine network Link [...]
Getting schooled in risk: The lessons of poker City Talk Getting rich slowly in the markets is an achievable goal. Just find the risks that everyone else irrationally hates right now. That’s the one that is available at the right price and will yield good returns. Now, while it’s simple, it’s not easy. Winning the gold medal in the 100 metres is simple – just [...]
Organisational culture: values must be lived for trust to exist City Talk It is the values and behaviours of individuals that determines the culture within an organisation. If individuals live up to their organisation’s published values this will engender trust among stakeholders. In recent times there has been a decline in public trust and an increase in public scepticism, not just in business but in many of [...]
FCA tells pension providers to green up investments November 25, 2021 Personal pension providers will need to offer savers a default investment option to help people not taking financial advice build up enough funds to afford retirement under new rules launched by the City watchdog today. A new personal pension regime, set out by the Financial Conduct Authority (FCA), recommends default personal pension options will need [...]
Pandemic affects retirement plans for over half the nation, says Aviva November 25, 2021 Covid-19 has affected the retirement plans of 54 per cent of UK adults, with people nearing mid-life bearing the brunt of anxiety, according to new research.
Amazon’s merciless move to block Visa likely to lead to rapid uptake of… Amazon credit cards, which are issued by Mastercard November 22, 2021 Following the news that Amazon will no longer accept payments from UK-issued Visa credit cards, some industry insiders are convinced the e-commerce giant’s decision is a calculated move to drive the adoption of the company’s own payment cards, and will give a competitive advantage to Visa’s main rival, Mastercard. Last week, the online retailer confirmed that Visa credit [...]
Federal Reserve chair Jerome Powell nominated for second term November 22, 2021 Federal Reserve chair Jerome Powell has been nominated for a second four-year term by President Joe Biden., Lael Brainard, the Federal Reserve board member who vied with Powell for the job, will be vice chair, the White House said on Monday. “While there’s still more to be done, we’ve made remarkable progress over the last [...]
After Amazon’s dramatic move to block Visa credit cards, businesses sound the alarm: Card fees are out of control November 20, 2021 E-commerce giant Amazon confirmed to City A.M. yesterday that it intends to stop accepting payments made using UK Visa credit cards from early next year. The online retailer said that Visa credit cards issued in the UK will be blocked from use on its site from January 19. The move sent shockwaves through Britain’s consumer [...]
Sterling at highest point against the Euro in 21 months November 17, 2021 The pound is at its highest rate against the euro for nearly two years after data revealed UK inflation is at its highest rate for a decade. Interest rates surged to 4.2 per cent in the year to October, more than double the central bank’s target of two percent and the highest level since December [...]
FCA unveils plans to ban debt advice firms charging referral fees November 17, 2021 Debt packager firms will be banned from chasing commission to refer those in financial distress on to other providers of debt solutions, under new plans unveiled by the UK’s financial watchdog today. The ban concerns debt advice firms that rely on income from referral fees paid by the other firms that they recommend – a [...]