“There has been a “seismic collapse” private sector pensions, and the gap between private and public pensions is widening, a report warns. The Association of Consulting Actuaries (ACA) says that nine out of 10 private sector defined benefit schemes are … Continue reading →
From the BBC “UK economy ‘to face bigger downturn’ Standard Chartered expects a recession in the UK in 2012 The UK economy is to contract by more than previously thought, according to a leading forecaster. Economists at Standard Chartered bank … Continue reading →
The government’s public sector pensions policy has been given a major boost following a High Court ruling. Trade unions had complained about how pensions are being protected against inflation, with the Consumer Prices Index (CPI) replacing the faster-rising Retail Prices … Continue reading →
“Some High Street banks are charging “eye-watering” rates of interest when their customers go over their overdraft limit, research by Radio 4’s Money Box programme has revealed. A customer borrowing £100 for 28 days without the consent of Santander would … Continue reading →
The UK’s economic outlook has worsened and the economy could stagnate until the middle of next year, the governor of the Bank of England has said. Sir Mervyn King also said that the eurozone debt crisis was the “single biggest … Continue reading →
What good could £40,000,000,000 do for the UK economy? How many teachers, hospital beds, road repairs, etc.? The UK could potentially give up to £40bn to the IMF to help the global economy, Treasury Chief Secretary Danny Alexander has said. … Continue reading →