Private sector." workers suffer under pensions 'apartheid'


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Private sector.” workers suffer under pensions ‘apartheid’

Private sector.” workers suffer under pensions ‘apartheid’
The Office for National Statistics published figures yesterday showing that the number of private sector staff with a so-called final salary pension has almost halved in six years, while the number with the same type of deal in the public sector has remained static.
The Daily Telegraph, p. 13
Also appeared in : City AM London, p.12

Bank of England given power to supervise Help to Buy plans
George Osborne has given the Bank of England powers to review his flagship Help to Buy housing scheme, a Bank official confirmed last night, in response to criticism that it could result in the market overheating.
City AM London, p. 3
Also appeared in : Financial Times, p.1

Solved: the mystery of the cash buyer
Jessie Hewitson says that cash buyers are behind the growth in the market in the past six months, including buy-to-let investors who are buying smaller properties outright than re-mortgaging.
The Times Bricks and Mortar, p. 9

Clydesdale fined £9m after mortgages error cover-up
It has emerged that Clydesdale Bank has miscalculated the repayments on more than 42,500 mortgages – and then tried to cover it up. Tens of thousands of mortgage customers of the bank will now receive up to £18,000 in compensation for errors made by the lender after it was fined almost £9m.
The Daily Telegraph Business, p. 5
Also appeared in : Evening Standard London, p.60, Independent i, p.48, Metro London, p.69, The Times, p.57, The Times, p.51, Financial Times Companies and Markets, p.24, City AM London, p.11

Glitch hits Nationwide online accounts
At this time of the month it might not be unusual to log on to your bank account and find it somewhat depleted, but some customers at Nationwide building society were shocked yesterday to find they apparently had no cash at all. Following a computer glitch that wiped balances and deleted accounts, savings and current account customers reported a range of problems, with some unable to access the website at all and others finding their accounts were not showing.
The Guardian, p. 39
Also appeared in : Metro London, p.69, The Sun, p.8

Current account swapping edges up on seven-day switch system
The first 10 days of the new seven-day switching system saw 35,000 current account customers move to a new bank or building society, the Payments Council revealed yesterday.
City AM London, p. 3
Also appeared in : The Times, p.57

Economy growing, but recovery slow
Figures from the Office for National Statistics have revealed that the economy grew more strongly than thought in the first half of the year but weak trade and business investment dealt a blow to hopes that the recovery is poised to pick up speed.
The Daily Telegraph Business, p. 1-4
Also appeared in : Evening Standard London, p.60

JP Morgan boss in talks over fine for sub-prime bond sales
The boss of America’s biggest bank, JP Morgan, was yesterday personally negotiating a new financial settlement with US regulators over allegations stemming from the way the bank sold sub-prime mortgage bonds before the banking crisis.
The Guardian, p. 37

Barclays trims back wealth service in UK
Barclays will no longer accept new wealth management clients with less than £500,000, the bank revealed yesterday, as new regulations drive up the cost of doing business.
City AM London, p. 5

The above articles appeared on 27/09/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

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