40% of adults are not in control of their personal finances, research by The Money Advice Service suggests. 20% are unable to read a bank statement while 40% have less than £500 in savings. 1 in 3 are unable to calculate the effect that a 2% annual interest rate will...
Small and medium-sized enterprises (SMEs) have been responsible for creating 15.6 million jobs this year, up from 15.2 million, analysis by the Forum of Private Business (FPB) shows. Figures from the Office of National Statistics show an estimated turnover of £1.8...
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,...
