Monthly Archives: June 2015

Turmoil hits financial markets as Greek banks are shut

Share prices slumped across Europe on Monday (June 29) as Greece shut its banks – following a fateful weekend that has shaken Europe’s single currency. Due to the Greek debt crisis – and the breakdown of talks between the country’s government and European officials, Greece’s banks will stay shut today in an effort to prevent customers withdrawing their…

Firms with fewer than 30 employees now being ‘phased into’ Auto Enrolment

Small family businesses and people with a single employee will need to start paying into a pension for their workers in the next phase of a move to boost retirement savings. From May 31, 2015, thousands of firms with fewer than 30 employees will start to be phased into the Government’s Automatic Enrolment scheme, which was set…

FCA guidance on use of social media

The Financial Conduct Authority (FCA) recognises that social media are powerful channels of communication which are of significant value to firms and do not want to prevent their use. As a result the FCA have guidance  on financial promotions in social media. This follows detailed engagement and consultation with the industry. The guidance is designed to…

We are still not saving enough for retirement says new research

Retirees could be heading into trouble as average pension pots require ten times more investment growth than they currently produce to realise the desired levels of retirement income, according to research. Figures from Avacade Future Solutions showed the average saver ideally wants to retire on a pot size of about £335,000, which equates to an income…

Lifetime referral scheme cheque goes to St Luke’s Hospice

St Luke’s Hospice in Sheffield has received another cheque from Lifetime’s highly successful referral scheme. A cheque for £91.44 is winging its way to the hospice (pictured below) based in the Steel City. Hospices up and down the country have benefited from Lifetime’s referral scheme (http://lifetime-fm.com/lifetime-in-the-community/hospice-referral-scheme/), none more so than those based in Yorkshire. The…