Auto-enrolment proves popular with workers
Only 9% of workers have opted out of automatically enrolled pension schemes.
Opt out rates were higher among those aged 50 and over than for other age groups.
Although auto-enrolment came in on 1 October 2012, individual employers’ duties …
Interest rates to be linked to unemployment
The Bank of England has announced plans to keep the Bank of England base rate of interest at 0.5% until UK unemployment falls to 7%. UK unemployment is currently 7.8%.
The announcement was made by new governor, Mark Carney, at …
Jane Austen to be face of the Bank of England £10 note
The Bank of England has confirmed that Author Jane Austen is to feature on the next £10 note.
The Pride and Prejudice author will be the next face of the note, replacing Charles Darwin. The change is expected in 2017.…
NS&I Reduces Rates on Premium Bonds
National Savings & Investments (NS&I) today announced that it is reducing the annual Premium Bonds prize fund rate by 0.20% to 1.30% on 1 August 2013. Also on that date, the odds of each £1 Bond number winning a prize …
UK inflation rate rises to 2.9% in June 2013
The Consumer Prices Index (CPI) measure of inflation rose to 2.9% in June, according to the Office for National Statistics.
The Retail Prices Index (RPI) rose to 3.3% in June from 3.1% in May.
Farrell Financial …