Automatic Enrolment: 6 million ‘confused’ employees. How many work for you?

6 million ‘confused’ employees. How many work for you? Are you one of them?New research has shown that despite high profile publicity millions of workers are still confused about Automatic Enrolment. The research was conducted by Sage, a leading provider of payroll services in the UK, who spoke to 1,000 full time employees. The shocking findings include: 56% of people find the term ‘Auto Enrolment’ confusing and couldn't say what it relates to 27% of employees are still in the dark about what Automatic Enrolment means for their retirement 25% of employees have received ...

SIPPs: Are SIPP deposit accounts covered by the Financial Services Compensation Scheme?

Are SIPP deposit accounts covered by the Financial Services Compensation SchemeAfter the credit crunch, the run on the Northern Rock and the instability of other financial institutions savers have understandably become more concerned about the security of their savings accounts. Go into almost any bank or building society, or indeed visit their website, and there are at pains to point out that savings held with them are secure; often pointing savers to the Financial Services Compensation ...

Housing & mortgage round up: Slow week for housing news

After last week’s bumper round up, including the house price figures from the Halifax and Nationwide, this week has been relatively quiet for housing news. We have however managed to find a few interesting stories for those of you who need your weekly fix of housing and mortgage news. Mortgage lenders cut interest rates again As the effects of the government’s Funding for Lending Scheme (FLS) kicks, 10 mortgage lenders have reduced the interest rates on many of their deals. Amongst the lenders dropping their rates ING Direct has cut their two and five year fixed rates, whilst Nationwide are cutting their two ...

Retirement: Over 21 million people over 50 worse off because of Quantitative Easing

A new report has shown just how hard older generations in the UK have been hit by the economic downturn, and in particular, by the remedies prescribed by the government and the Bank of England. The report commissioned by Saga and carried out by the Centre for Economics and Business Research (CEBR) says that a combination of low interest rates, rising prices and Quantitative Easing (QE) has hit the over 50’s harder than any other group. Lower returns & rising inflation Our ...