Barclays to buy ING Direct’s UK retail banking business
Barclays has struck a deal to buy ING Direct’s UK retail banking business.
The Dutch banking group ING announced its plan to exit the UK in August 2012, as it seeks to raise funds to repay a bailout from the …
UK interest rates unchanged at 0.5%
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.…
West Coast Main Line deal scrapped after contract flaws discovered
The decision to award the UK’s multi-billion-pound West Coast Main Line rail franchise to FirstGroup has been scrapped by the UK government.
The West Coast route serves 31 million passengers travelling between London, the West Midlands, the North-West of England, …
Pension auto-enrolment starts for the UK’s largest firms
Auto-enrolment (automatic enrolment) into a workplace pensions starts today (1 October 2012) for companies with 120,000 or more staff.
Firms with fewer workers will be required to join over the next five years. Staff and employers will both …
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).…