T he speed of the switch from physical to online banking is creating a societal divide just as vulnerable people need more support than ever due to the pandemic. Poorer, elderly, disabled people and those who live in rural areas are the most likely to be left behind, as more […]
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Savers under 49 forced to wait two more years to access their pensions
Savers planning to dip into their private pensions at age 55 will be forced to wait an additional two years from 2028, the Government has confirmed. Anyone aged 49 and under must now wait until 57 before being allowed to access their pensions without incurring significant and prohibitive tax charges. As it […]
Trump’s forced TikTok sale will only entrench the power of big tech
This move will do little to alleviate the monopolistic position of the tech giants and more to entrench their power and dominance than any taken to check the industry in the past ten years. Meanwhile, Zhang – a genuine entrepreneur and innovator – is being forced to bin his boldest […]
Thousands of shielding workers to be forced out of jobs if furlough scheme is not extended
All employers with more than five staff are required to produce written risk assessments, showing how they are protecting staff from Covid-19. However research by the TUC revealed that more than a third of people returning to work have not been shown any risk assessment by their employer. Recent data […]
Savers forced to access pension cash as final salary transfers bounce back
Pension savers are increasingly resorting to transferring out of their final salary schemes, as the number of transfer requests has bounced back to pre-pandemic levels. More and more people are expected to take their money out of their “defined benefit” pension schemes in favour of more flexible defined contribution schemes, […]
Mental health sufferers forced to cut back on food and heating to survive Covid cash crisis
People with mental health problems are three times more likely to run out of funds during the coronavirus outbreak, with many being forced to cut back on essential spending on food and heating. A report by the Money and Mental Health Policy Institute, a charity, has warned that people with […]
Banks may be forced to reopen scam victims’ claims as watchdog finds rules being ignored
Innocent victims of bank transfer scams who have been told they will not get their money back may still be in line for compensation after a watchdog found banks’ refund processes were flawed. People who lost cash to “authorised push payment” fraud are still being refused refunds, despite new rules stating […]