Parents who lend money to their children are at risk of compromising their own financial position, according to a survey by Investec Wealth & Investment. Of the 1,000 adults surveyed, a third of those aged over 55 either plan or give money to their children at an...
£535 million of pension contributions have been lost over the last 3 years, due to employees opting out of auto-enrolment, according to new research published by NOW: Pensions. Employees earning £26,500 have lost £1,247 of possible contributions with £624 being paid...
Insurers paid out around £77 million a day in insurance claims, statistics released by the Association of British Insurers (ABI) show. The UK has the largest insurance and long term savings industry in Europe and the third largest in the world. As well as paying out...
Businesses are not investing in the staff, technology and equipment needed to boost productivity, says a new report by the Chartered Institute of Personnel and Development (CIPD). The survey of 1,000 businesses found that despite 2 years of improving economic growth,...
The government has now collected a record £1 billion in tax payments from individuals using tax avoidance schemes as a result of new collection rules, according to HMRC. The new rules for accelerated payments, which mean that disputed tax is now paid upfront by...
