Trading app Robinhood settles class action lawsuit over 2020 outages May 28, 2022 Stock market trading app Robinhood has agreed to settle a proposed class action lawsuit, over claims outages on its app cased investors to lose money during a period of pandemic-related stock market volatility. The lawsuit comes after retail investors flocked to the app in the midst of the pandemic, in their efforts to battle hedge [...]
FCA to be granted powers to protect cash access as banks slash branches May 19, 2022 The UK’s top financial watchdog will be granted fresh powers to ensure that banks provide access to cash as Britain’s high street lenders move to slash branch numbers across the country.
TUC urges action on gender pensions gap May 19, 2022 Unions are stepping up calls to tackle the “huge problem” of the gender pension gap after a study suggested that in many industries women have workplace pensions worth less than a fifth of male colleagues. The TUC dubbed Thursday ‘gender pensions gap day’, when it estimated that women pensioners start getting paid because retired women [...]
Age hits equally, but the gender pension gap doesn’t May 19, 2022 According to Amazon’s rankings, the best selling products for sixty-plus Brits are elevated toilet seats, pill organisers and pain relief creams. As elderly age affects the population regardless of gender, Amazon’s pensioners’ insights don’t take into account whether the buyer is a man or a woman – raised toilet seats are so far yet to [...]
Looking after number one: Your guide to topping up the pension May 19, 2022 Live fast, die young, bad girls do it well, raps London’s M.I.A. But what if you are a sensible girl, live slow, and actually die old? The millennial mindset may be one hurdle to long-term investing. But pensions are there for a reason: they are a “surprising, sneaky, clever little vehicle for investment”, as Tamara [...]
Don’t try and call a bottom to the crypto crash, warns UBS investment chief May 17, 2022 Investors should prepare for crypto to continue cratering after a market rout wiped more than $400bn from the market last week, a top investment chief warned today.
Bitcoin has no future in payments, warns top crypto boss May 16, 2022 Crypto billionaire Sam Bankman-Fried has warned bitcoin will never function as a payments network due to its inefficiency, as the crypto world scrambles to steady the market after a sell-off frenzy in the past week.
FCA uses emergency powers to stop British Steel Pension scandal advisers selling assets April 25, 2022 The UK’s financial watchdog is using emergency powers to stop the firms who advised British Steel Pension Scheme (BSPS) victims from selling off assets to avoid paying compensation. The Financial Conduct Authority (FCA) has launched the emergency asset restriction rules without consultation, in a bid to stop firms from wiggling out of victims’ hard-won redress. [...]
The City’s Purple Pay called out by HMRC for promoting tax avoidance April 7, 2022 The City’s Purple Pay has been named and shamed by HM Revenue and Customs (HMRC) for promoting tax avoidance schemes. The taxman has revealed the names of companies which have promoted schemes to avoid paying tax for the first time today, warning users that they could face “large tax bills” unless they withdraw from them. [...]
Pension bodies launch saving campaign as inflation threatens spending power April 5, 2022 Top pension bodies have launched a campaign to try and boost the UK’s engagement with pensions today, as fears grow that soaring inflation could take a chunk out of pensioners' spending power.