The latest set of Investment Association (IA) data tells us where investors were putting their money in March, during peak ISA season. It was yet another poor month for the UK All Companies sector as investors pulled out £365 million, marking two years of continuous outflows.
Published: 4 May 2019
More likely, those caught in the payday poverty cycle, in which a monthly windfall doesn’t fit with the volume and frequency of outgoings that modern life imposes on us, forces people into short-term borrowing. They are using credit cards to make ends meet in a doom loop of credit dependency.
Published: 28 April 2019
Wagestream analysed the amount of payday lending in each postcode area following a Freedom of Information request to the Financial Conduct Authority (FCA). The data reveals Britain’s ongoing dependency on payday loans, which can charge interest rates of up to 1,500 percent APR.
Published: 24 April 2019
Under a deal negotiated by unions including GMB on how to draw benefits due to the cost cap mechanism the £2 billion was going to be paid back to the workers by reducing their future pension contributions and/or improving benefits.
Published: 21 April 2019
While 88 percent of employers think that their employees worry about money, just a third (30 percent) think money worries impact their staff while at work. However, the reality on the ground is very different. Three quarters (73 percent) of employees say that money worries impact them at work.
Published: 4 March 2019
Despite concerns over the impact of Brexit, the UK economy has continued to grow, albeit at a slow pace. Annual UK economic growth was 1.2% in 2017-18, compared to a 2.5% growth rate in the Eurozone over the same period.*.
Published: 23 January 2019
The symposium heard more than half (55 percent) of employees with financial problems admit they achieve less at work than they would like while nearly two out of three (66 percent) of those with financial worries show signs of poor mental health.
Published: 27 November 2018
Over half of Britain’s workforce (55 percent) want employers to help with financial planning, new research from Neyber has found. Younger staff in particular are keen to get more support from the businesses they work for. Contributor Heidi Allan, Head of Employee wellbeing - Neyber.
Published: 11 October 2018
More than half of adults have been out of work, yet have no financial provision in case it happens again. Despite this, one in eight say they would have to sell their family home if they lost their income. This comes as one in six admit they have no disposable income, a quarter have no savings and nine in ten don’t have income protection cover.
Published: 19 September 2018
Thursday could be a hugely symbolic day if the Bank of England decides to raise interest rates above 0.5 percent for the first time since the financial crisis. However it doesn’t actually change too much on the ground. Markets are already expecting a rise, and from here on in, further hikes are going to be few and far between because UK economic growth is so fragile.
Published: 3 August 2018