Open banking leads the way in reducing Bacs risk July 22, 2024 | Sponsored By Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra The Bacs scheme is experiencing ongoing growth. More than 1.7 billion Bacs payments were made during Q4 2023 with the corresponding value amounting to £1,418 billion. Direct Debits accounted for 71% of the volume and 26% of the value. Direct Debit gives payers a hands-off [...]
Pensioners the ‘biggest winners’ from Tory policies since 2010, research shows June 26, 2024 Pensioners have been the big winners of Tory tax and benefit policies since 2010, according to new research from the Resolution Foundation.
General Election 2024: Why Sunak’s ‘triple lock plus’ pledge is not all as it seems May 28, 2024 Sunak's announcement will guarantee that pensioners’ personal allowance will always be higher than the level of the new state pension.
Lift auto-enrolment pension contribution to 12 per cent for £10bn boost, report argues April 24, 2024 Auto pension enrolment was one of the key policy wins of the coalition era and essentially made employees automatically pay into their pension pots.
Will UK mortgage rates rise even more if US inflation stays hot? April 13, 2024 London markets have been spooked by worse-than-expected economic data across the pond that has raised uncertainty over when central banks will start lowering interest rates. So what does this mean for mortgages?
Lenders expect higher default rates on mortgages and credit cards in coming months April 11, 2024 British lenders are seeing increasing demand for mortgages and credit card lending but higher default rates, according to an official survey, as households and businesses struggle with elevated borrowing costs.
More than 7m Brits struggling with bills and credit repayments in January, regulator finds April 10, 2024 Around one in seven, or 7.4m, UK adults were struggling to pay their bills and credit repayments in January, according to a survey by the City regulator, as the cost of living crisis continues to bite.
Should you buy NS&I’s British Savings Bonds or Premium Bonds? April 6, 2024 As the government launches its much-touted British Savings Bonds, City A.M. asks whether the product is worth investing in over Premium Bonds.
Prenups on the rise as couples secure assets before tying the knot March 31, 2024 The rise in popularity of prenups is a trend that London-based law firm Stewarts has been witnessing over recent years.
Jeremy Hunt suggests the state pension triple lock is unsustainable. Is it? March 20, 2024 Jeremy Hunt suggested that the state pension might have to come "under review" in the coming years as an ageing population puts ever greater strain on the public finances.