Financial news

• Youngest staff to be given UK workplace pensions as qualifying age is cut

  16-12-2017 23:00
  Those aged between 18 and 21 will be automatically enrolled in workplace schemes amid Tory worries about young voters’ prospectsYoung people aged 18 to 21 who are earning £10,000 or more will have to be automatically enrolled into workplace pension schemes for the first time to help them save for retirement, under plans to be announced by ministers .The extension of automatic enrolment to teenagers and those in their early 20s is seen as increasingly necessary as life expectancy grow
  
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• Nearly a million young people are about to start saving for retirement

  16-12-2017 23:00
  Extending auto-enrolment to 18-year-olds will help them provide for a more comfortable old ageSince William Beveridge produced his landmark report that ultimately became the foundation for our modern welfare state, the British workplace, economy and society look vastly different.This is no more apparent than with pensions, where every government in recent memory has faced the challenge of engaging people in saving for retirement. Continue reading...
  
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• China Seeks Financial Cooperation With UK - Bloomberg

  16-12-2017 09:36
  Bloomberg
  China Seeks Financial Cooperation With UK
  Bloomberg
  China wants to deepen financial and investment links with the U.K. as Britain seeks to boost two-way trade once it leaves the European Union. In an investment boost for U.K. businesses operating in China's Belt and Road Initiative, the U.K. government ...
  UPDATE 1-China, UK vow to strengthen economic, financial cooperationReuters
  China, UK vow to continue, strengthen economic, financial cooperationChannel NewsAsia
  China, Britain pled
  
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• Britons set new gin record after buying more than 47m bottles this year

  16-12-2017 09:01
  Supermarkets hail gin as the new Christmas spirit, with popularity driven partly by growth of small-batch distillersBritons have bought more than 47m bottles of gin this year, setting a new record, partly driven by the growth of craft and premium distillers such as Sipsmith.UK gin sales have doubled in value over the last six years, reaching £1.2bn in the 12 months to the end of September, according to the latest market report from the Wine and Spirit Trade Association (WSTA). Continue rea
  
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• Motoring myths: what ‘black boxes’ reveal about our driving habits

  16-12-2017 08:00
  Are 17-year-olds really the worst drivers? ‘Telematics’ boxes installed to cut insurance costs can show us how we driveBillions of miles have been driven on Britain’s roads this decade in cars fitted with “telematics” boxes recording every detail of a driver’s behaviour – whether they are speeding on a 30mph urban road, how they are cornering on a country road, and how they are braking or accelerating on a motorway.Installed in about 1m cars by insurance
  
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• Is Tefl a springboard to getting other jobs?

  16-12-2017 08:00
  I’m thinking of teaching in Spain or Italy, but I’m wondering whether employers recognise any value in working abroadEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• ‘Going to the Furniture Ombudsman about our sofa was a waste of time’

  16-12-2017 08:00
  The Johnsons’ costly two-piece suite discoloured in weeks but the ombudsman sided with the retailer, Rodgers of York. Luckily for them, the court did notHow much should you trust an ombudsman to resolve a complaint? The Furniture Ombudsman, used by major retailers such as DFS, Marks & Spencer, Dreams and Bensons For Beds, has been described as a “waste of your time” and “a joke” after it found in favour of a retailer, but a court subsequently ordered a full payo
  
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• British Steel pension scheme members ‘preyed on’ by financial firms

  16-12-2017 08:00
  MPs hear claims that financial advisers are targeting steelworkers so they can pocket huge feesFirms dubbed “sharks” and “vultures” are preying on steelworkers to persuade them to transfer their pensions so advisers can pocket huge fees, MPs heard this week. They forced the main City regulator to name and shame three firms they said were “ripping people off”.It emerged that some of the financial firms touting for business are using the lure of a free hot meal
  
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