Financial news

• Tata Steel offers £520m pensions payment in bid to secure future

  20-04-2017 19:14 via theguardian.com
  
  Indian-owned company needs to hive off historic liabilities before merger with German company ThyssenKruppTata Steel could pay more than £500m into its UK pension scheme as part of a deal with regulators that involves the Pension Protection Fund taking a stake in the business.The Indian-owned company needs to find a solution to its pension scheme in order to secure the future of its UK operations, which employs 8,000 workers and includes the Port Talbot steelworks in south Wales. Tata Stee
  
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• Debenhams jobs at risk as stores close in 'social shopping' shakeup

  20-04-2017 18:40 via theguardian.com
  
  Department store chain aims to turn shopping into a leisure experience, with makeovers and nail and blow-dry barsThe new chief executive of Debenhams is to give the department store chain an expensive makeover after admitting some shops looked tired and old and customers had to go on a “treasure hunt” to find what they wanted.Sergio Bucher, who joined the retailer from Amazon in October, polled 16,000 shoppers before drafting a turnaround plan to focus on “social shopping&rdquo
  
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• Swap flights for trains to Europe this summer, plus the rise of the 'fix-perts'

  20-04-2017 15:39 via theguardian.com
  
  Also, the double whammy of energy price increases and our Consumer Champions deal with stolen jewellery and unfair hotel rates
  Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
  
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• Bank of Cyprus UK launches competitive online account paying 1.05%

  20-04-2017 14:15 via theguardian.com
  
  New top payer beaten only by Yorkshire and Britannia – but savers still lose out to 2.3% inflation
  The Bank of Cyprus has launched an online savings account paying 1.05%, making it one of the top-paying instant access accounts currently available.While many savings accounts are paying a paltry 0.15%, the Bank of Cyprus’s rate of 1.05% relies on a bonus – a variable underlying rate of 0.6% (which could be reduced) plus a bonus of 0.45%, fixed for the first 12 months. Continue re
  
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• Bank of Cyprus launches competitive online savings account paying 1.05%

  20-04-2017 14:15 via theguardian.com
  
  New top payer beaten only by Yorkshire and Britannia – but savers still lose out to 2.3% inflation
  The Bank of Cyprus has launched an online savings account paying 1.05%, making it one of the top-paying instant access accounts currently available.While many savings accounts are paying a paltry 0.15%, the Bank of Cyprus’s rate of 1.05% relies on a bonus – a variable underlying rate of 0.6% (which could be reduced) plus a bonus of 0.45%, fixed for the first 12 months. Continue re
  
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• Segars to quit UK's national pensions body - Financial News (subscription)

  20-04-2017 13:41
  
  Financial News (subscription)
  Segars to quit UK's national pensions body
  Financial News (subscription)
  Joanne Segars, the longstanding chief executive of the Pensions and Lifetime Savings Association, is to quit the organisation in June. The UK's pensions lobby group announced the move in a statement today, April 20, noting that Julian Mund, commercial ...en meer »
  
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• UK sells Green Investment Bank to Macquarie for £2.3bn - Financial News (subscription)

  20-04-2017 11:48
  
  Financial News (subscription)
  UK sells Green Investment Bank to Macquarie for £2.3bn
  Financial News (subscription)
  Macquarie, the Australian financial group, is to acquire the UK's publicly-owned Green Investment Bank for £2.3 billion - leading a consortium that also includes the country's biggest pension fund, the Universities Superannuation Scheme. Macquarie said ...en meer »
  
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• Exclusive: UK Financial Ombudsman Rules Against Saxo in SNB ... - Finance Magnates

  20-04-2017 10:27
  
  Finance Magnates
  Exclusive: UK Financial Ombudsman Rules Against Saxo in SNB ...
  Finance Magnates
  More than 2 years after the SNB black swan, Saxo will reimburse just one trader up to £150K. Aziz Abdel-Qader | Regulation (Retail FX) | Thursday, ...en meer »
  
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• Government cap on energy prices would spark backlash | Nils Pratley

  20-04-2017 08:32 via theguardian.com
  
  The business secretary has said he will take ‘strong’ action – but it’s him who will be blamed when bills have to go upWas Greg Clark airing a manifesto promise or signalling government action in the next few days? It was impossible to tell, but the business secretary finally seems to have come to the firm conclusion that energy suppliers are ripping off too many customers. Clark wants to take “muscular and strong” action to stop the “flagrant mistreatme
  
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• Sent on an hour’s drive in pursuit of jobseeker’s claim

  20-04-2017 08:00 via theguardian.com
  
  I received a text to attend an interview in 20 minutes at a venue miles awayI was made redundant and filled in an online claim for jobseeker’s allowance. The website says you must attend an interview and that a text will be sent telling you when it will be. It also warns that the interview could be on the same day as you receive the text. That’s not a problem as my nearest Jobcentreplus is 10 miles away. But when the text came it told me to report to Plymouth Jobcentreplus in 20 minu
  
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• As newlyweds, what capital gains tax will we pay if we sell one of our flats?

  20-04-2017 08:00 via theguardian.com
  
  My husband and I are worried about how much time we have to sell before CGT and higher rate stamp duty kick in
  Q I recently got married and we each own a flat. I was told by a friend that if we wanted to avoid capital gains tax (CGT) we would have to sell one of the flats in the first three years of getting hitched. I am thinking of selling my flat to buy a house but since we would still have his flat, would we have to pay second home stamp duty or does that come under the same three-year allowa
  
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• UK gas and electricity customers face price rise double whammy

  20-04-2017 07:59 via theguardian.com
  
  Some energy consumers could see bills soar by up to 60% as cheap fixed-rate deals end just as standard tariffs increases kick inThousands of households are being hit with 40%-plus increases to their gas and electricity bills – far above the price hikes announced by the big energy firms in recent months. A combination of sneaky changes to billing structures, regional variations and the fact that many popular fixed-price tariffs have come to an end have left furious Guardian Money readers co
  
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