'Cut national insurance payments to lift pension saving'


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‘Cut national insurance payments to lift pension saving’

‘Cut national insurance payments to lift pension saving’
According to the Association of Consulting Actuaries, the pension contributions of employees of smaller companies are “alarmingly” small and the public is “understandably” unclear about the level of saving needed to ensure a comfortable retirement.
The Times, p. 35

Blue-chip pension shortfalls narrow
The aggregate deficit at final-salary pension schemes run by FTSE 100 companies narrowed slightly last year, according to research published by JLT Pension Capital Strategies.
The Times, p. 36

Halifax raises hopes of a healthier housing market
The Halifax’s latest House Price Index showed that in the three months to November, home values fell by 0.7 per cent, and they were down 1.3 per cent on the same period of 2011. Figures from the Bank of England yesterday showed the British public’s mortgage repayments exceeded new borrowing in the third quarter of 2012 by £8bn, as homeowners sought to improve their balance sheets and new transactions remained muted.
The Independent, p. 41

Bank stocks buck pessimists
While Europe and the United States hardly solved their economic problems, stock markets turned out to be good investments in 2012, with bank shares among the best performers.
International Herald Tribune, p. 1

Cash machine breakdown spoils party before it starts
Customers of Lloyds and the Halifax were unable to withdraw money from cash machines yesterday, prompting anger among those heading out for New Year’s Eve celebrations. Customer of the Bank of Scotland, part of the Lloyds Banking Group, were also affected, and the group’s phone banking systems were also inaccessible to some customers.
The Times, p. 3

US banks near settlement on mortgage abuse
US banking regulators are close to a $10 billion settlement with 14 banks that would end the government’s efforts to hold lenders responsible for foreclosure abuses like faulty paperwork and excessive fees that may have led to evictions, according to people with knowledge of the discussions.
International Herald Tribune, p. 16

Taxpayers’ loss on bank bailout stands at £23bn
Taxpayers ended 2012 with a £23bn loss on their stakes in Royal Bank of Scotland and Lloyds Banking Group, illustrating the difficulty the government faces in attempting to make a profit from any sell-off of the shares in the bailed-out banks.
The Guardian, p. 21

The above articles appeared on 02/01/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.