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1 in 3 people lack financial resilience

Posted. 20 August 2018

A third of people are vulnerable to the effects of unexpected financial shocks, a report has claimed.

In a survey of 2,059 adults by insurance group Zurich UK, 34% say they wouldn't be able to recover quickly from an unexpected financial shock or loss of income.

Meanwhile, 15% don't know whether they'd be able to cope or not.

The report found that for people to feel...

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Apprenticeship starts fall by 31%

Posted. 17 August 2018

The number of people starting apprenticeships has dropped by 31% compared to the last academic year, according to the Department for Education.

Between August 2017 and May 2018 there were 315,900 apprenticeship starts, compared to 457,200 the same time the year before.

Business groups including the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) argue the...

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Housing wealth ‘won’t solve the pensions crisis’

Posted. 16 August 2018

Most people with low pension savings will not be able to rely on housing equity to adequately top up their retirement income, according to a report by Royal London.

Equity release schemes enable homeowners over the age of 55 to access their housing wealth.

However, Royal London has warned that for the 12 million people who are not saving enough into their pensions, this will not...

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Exports rise to record high of £621bn

Posted. 15 August 2018

Exports of UK goods and services increased to a total of £620.7 billion in the year to June 2018, according to the Office for National Statistics (ONS).

Between June 2017 and June 2018, goods exports showed strong growth compared to the same time in the previous year - rising by 6.3% to £342.5 billion.

Meanwhile, exports of services grew by 2.2% year-on-year to a total of £278.2...

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Pension scam victims lose £91,000 each

Posted. 14 August 2018

Victims of pension fraud lost an average of £91,000 each in 2017, research by the Financial Conduct Authority (FCA) and The Pensions Regulator has revealed.

The two regulators are urging members of the public to be wary of unexpected offers about their pension, and have warned that people aged between 45 and 65 are most at risk.

Despite this, 32% of pension holders in this age...

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