Category: Finance
Schroders and Phoenix Group team up to launch £1bn private markets manager
The new group will invest across various private market sectors and aims to expand to other financial groups. …
Interest rates could be cut by Bank of England in hours – here’s why
The Bank of England’s Monetary Policy Committee is due to make a key decision. …
HSBC announces robust first half with £16.8 billion pre-tax profits
The banking giant said it was confident it had the right strategy to grow revenue, even in a lower interest rate environment, and provided new guidance of a mid-teens return on average tangible equity in 2025. …
Warning Winter Fuel Payment cut is a ‘death sentence for pensioners’
The warning has been sounded by leading charities who say it will cause real hardship and threaten health of vulnerable people who cannot afford to keep warm. …
Consumer duty applies to older ‘off-sale’ financial products from Wednesday
The next phase of a duty which puts obligations on financial firms to improve consumer protection standards gets under way from Wednesday. …
Date for settling finance scandal affecting millions of car buyers pushed back
Millions of people were allegedly hit with unfair charges associated with commission imposed on finance deals around vehicle purchases. …
Premium Bonds: NS&I savings cash warning over interest rates for holders
NS&I overshot its target for net financing to the Government in 2023/24 after savers did not withdraw their cash as quickly as anticipated. …
After winter fuel shocker – here’s where Labour’s Rachel Reeves will tax YOU next
Chancellor Rachel Reeves has got the bit between her teeth and she isn’t going to stop at scrapping the winter fuel payment. Her tax reign of terror has barely started. …
Winter Fuel Payments map reveals 10 UK towns worst hit – check your area
Chancellor Rachel Reeves has scrapped the Winter Fuel Allowance for 10,000,000 pensioners. …
Inside typical first-time buyer home in 2020s compared to 1970s as prices spiral
The average first-time buyer home has changed a lot over the decades – buyers are now expected to pay six times the average salary to get on the property ladder …
