Automatic enrolment set to double private pension income
Automatic enrolment (often referred to as auto-enrolment) could almost double private pension income (also referred to as personal pension income) by the time people now starting work reach their retirement, according to the department for work and pensions (DWP).…
Pension reform and auto-enrolment
Around 600,000 people are expected to be automatically enrolled into a workplace pension by the end of the year under a new system that automatically diverts funds from their pay packet.
Auto-enrolment begins on 1 October 2012 and will mark …
Bank of Japan increases asset purchase programme
The Bank of Japan (BoJ) has extended its asset purchasing programme by 10 trillion yen ($126bn; £78bn), following similar moves by the Federal Reserve and the European Central Bank.
The move, aimed at boosting the Japanese economy, increases the overall …
Bankers’ Bonuses – the latest news
Despite a fall in bonuses paid in the finance and insurance industry, they remain noticeably higher than in any other area of the economy.
Of the £37 billion paid in bonuses across Great Britain in 2011/12, £13 billion was paid …
More train delays!
The deal to hand the West Coast Main Line rail franchise to First Group is to be delayed following a legal challenge by Virgin (the current operator).
Virgin has made an application for a judicial review of the decision to …