Sue Dougan is joined in the studio by Kevin Pratt Web editor MoneySuperMarket.com. On the agenda today, they discuss the big story - The Autumn Statement. Sue and Kevin speak about how all aspects of the policies the Chancellor delivered will impact the consumer. Elsewhere, over ten million people across Britain could struggle in retirement if minimum contributions to workplace pensions aren't increased. Air traffic bosses have issued a new code of conduct for drones. All these stories and more on The News Review.
Now, transferring your pension could be a good idea...that is, if you have a lot of pension pots and want them all in one place. Or perhaps if you'd like more investment choice than your current provider offers. But lately, firms have been using delay tactics to deter savers from switching. Research conducted by pension manager site, PensionBee found that on average, customers faced almost three weeks to transfer their pension. To find out more Georgie Frost was joined by their chief executive Romi Savova.
One in four UK businesses say their employees have cut their hours owing to the high cost of childcare. The report from the British Chambers of Commerce also showed that 10% of employers had had staff quit their jobs entirely for the same reason. Its report is calling on the Government to allow policy to revolve around working parents. Measures could include additional childcare subsidies, possibly by extending existing support to the working parents of one and two year olds. Georgie was joined on the line by Marcus Mason, Head of Business, Education and Skills at the British Chambers of Commerce.
The state pension triple-lock should be scrapped, according to some MPs. The 'triple lock' guaranteeing the elderly an annual state pension increase of at least 2.5 per cent is under threat. The annual rises in the state pension are decided by whatever is the highest of price inflation, average earnings growth or 2.5 per cent. But now MPs on the Work and Pensions Committee say it’s too expensive. For more information, Sue Dougan spoke to former pension minister and Director of Policy at Royal London, Steve Webb
Scottish Widows has launched its annual Women & Retirement report. The findings suggest that whilst more women than ever are saving for their retirement, the gap between men and women is widening. Jackie Leiper is a retirement expert at Scottish Widows, and she discussed the factors behind a widening gender gap.
Sue Dougan is joined in the studio by Hannah Maundrell editor in chief of money.co.uk. On the agenda today, as we head towards the winter, we are being warned to brace themselves for a rise in their energy bills. Elsewhere, Visa says consumer spending increased by 2.5% in October compared to the same month last year. Plus, Amazon is in the news again after being ordered to pay back the parents of children who made in-app purchases on mobile devices. All these stories and more on The News Review.
Georgie Frost is joined in the studio by financial journalist Vix Leytonr. On the agenda today, they discuss the big story from America. Donald Trump has beaten Hilary Clinton to become the 45 President. But how that impacted the markets? Georgie and Vix mull over the affects on the global economy and markets. Elsewhere, today is equal pay day, which marks the time women are effectively working for free because of earning less on average than men. And banks are going to offer more help to elderly and vulnerable customers. All these stories and more on The News Review.
What challenges lie ahead for older people when it comes to health, care and pensions? What about retirement and pensions and the environment adapting to an ageing society? Well, they are about to be addressed today when speakers including the former CBI chairman John Cridland and the former Archbishop of Canterbury Lord Carey take to the microphone for the 'Future of Ageing 'conference being held in Westminster. To find out what it is all about, Georgie was joined by David Eaton from the International Longevity Centre.
New research found modern day financial pressures are forcing people of all ages to risk their future by putting pension saving on the back burner. It found that nearly a quarter of under-40s don't save into a pension due to debts. To find out more about this worrying report, our reporter, Tom Hill, spoke to Vince Smith Hughes, retirement expert at Prudential.
Georgie Frost is joined in the studio by Independent personal finance expert, Simon Read. Today they discuss the big story of the day, a UK High Court ruled that the government does not have the power to trigger the Article 50 process without a parliamentary vote. Eslewhere, it's good news for the economy as interest rates have been kept on hold because the economy's doing better than expected. But, nearly a quarter of under-40s don't save into a pension due to debts. All these stories and more on The News Review.