"Incomprehensible! Baffling! Convoluted!"
These are just a few of the adjectives bandied about when the subject of Britain's pension system is brought up.
Despite a lot of bluster in the months leading up to it, the recent decision by the Bank of England to hold base rates at 0.5 per cent was no surprise given the string of underwhelming economic data that emerged in the days prior to the announcement.
Basking in the sun this past bank holiday weekend, it felt like summer had finally arrived. It's thus only natural to look ahead to the coming months, and the holidays that lie in store.
The so-called Beast from the East may have subsided, but despite a welcome rise in the mercury, there is one inescapable consequence of the cold winter we've just endured - high energy bills.
For savers, and indeed all British consumers, inflation data for September released by the Office for National Statistics this week confirmed what was already known: the squeeze continues.
Few major policy shakeups are met without criticism in some corners, but it’s fair to say that the pension freedoms of 2015 have been viewed by retirees (and those approaching retirement) with a widespread, if cautious, embrace.
Since opening our doors back in 2014, we’ve always prided ourselves on living and breathing two key principles at Lending Works: innovation, and putting the customer first in everything we do.
With the retail sector enduring its fair share of challenges, companies are looking at new ways to attract customers, and drive conversion. In an overcrowded, dog-eat-dog marketplace, with behemoths such as Amazon flexing their muscle, it’s easier said than done.
On 4 June 2019, the Financial Conduct Authority (FCA) released its new regulatory framework for peer-to-peer lending (P2P); a Policy Statement known as PS19/14. As you might imagine, it's a document which, following a three-month consultation, is a hefty read of no fewer than 102 pages.
In a difficult climate, customer acquisition and lead generation present stern challenges for UK retailers, and a great deal of marketing spend invariably gets directed towards getting feet through the door.
Over the last decade, there can be little dispute that the reputation of mainstream banks – and particularly the so-called ‘Big Four’ (HSBC, Barclays, Lloyds and RBS) – is at its lowest ebb.
The peer-to-peer (P2P) lending industry is now regulated by the Financial Conduct Authority (FCA). The regulatory framework has been designed to protect customers and promote effective competition.
Ahead of the IMF’s world economic outlook last month, new managing director Kristalina Georgieva described the global economy as being in a ‘synchronised slowdown’, and the institution has subsequently trimmed growth forecasts for 2020.
Last week we took stock of the labour market, with the latest Office for National Statistics (ONS) data showing that the tide may be beginning to turn on Britain's so-called 'jobs miracle'. Unemployment ticked up to 3.9 per cent for June to August (an increase of 0.1 per cent), with the number of people in work falling by 56,000.
Whenever discussion turns to Britain’s misfiring property market, the words ‘stamp duty’ are seldom far away. Indeed, over the past two decades, it’s been something of a political football – one which has had a profound impact on both housing transactions, and the coffers at the Treasury.
In recent months, it’s been interesting to observe the reception to Greta Thunberg, the 16-year old climate change activist who has been afforded some high-profile forums. The impassioned viewpoints she has shared have earned her legions of fans, albeit no shortage of detractors too. In particular, a speech at the United Nations climate change summit stirred fractious debate.