Pensions&Investments7h
BOE launches new emergency lending facility for pension funds
The Bank of England opened applications to its new repo facility, designed to provide emergency cash to financial firms ...
Remember the U.K. debt crisis under Liz Truss? Bank of England now has a formal process to handle it.
The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during Liz Truss’s brief tenure as prime minister in 2022.
Bank of England launches tool to calm gilt market in times of distress
The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can use during periods ...
Major bank with nearly 2million customers to HIKE credit card interest rates in weeks despite borrowing costs falling
A MAJOR bank with nearly two million customers is hiking credit card fees in weeks. This move comes despite a drop in ...
8 money changes coming in February 2025 from major eBay shake-up to alcohol price hike
Mirror Money rounds up all the financial changes coming up in February 2025, including an Ofgem energy price cap update and changes to alcohol tax ...
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Biggest banks cut savings rates despite high interest rate
Barclays, HSBC, Lloyds, NatWest and Santander pay an average rate of 1.42% between them on easy-access accounts ...
All 12 DWP benefit and money changes coming in February 2025
February 2025 sees the rollout of twelve significant monetary and Department for Work and Pensions benefit alterations. The ...
Major bank to issue ‘bonus’ payment of more than £400 to Scots customers
NATIONWIDE is set to issue ‘bonus’ payments to customers across Scotland this year. The nation’s biggest building society has made some big changes to interests rates on savings ...
Recession fears grow with pressure on Bank of England to cut rates
Bosses in the private sector expect a "significant fall" in activity over the next three months, according to a survey by the ...
Mind the savings gap: The best rates vs the High St banks
The best easy-access savings rates on the market are above 4.5%, and the best easy-access cash Isa rates reach as high as 5%.
Savers with high street banks earn an average of less than 1.5 per cent interest on their cash
The best easy-access savings rates on the market are above 4.5%, and the best easy-access cash Isa rates reach as high as 5%.
EUR/GBP moves above 0.8400 ahead of ECB Lagarde’s speech
EUR/USD edges lower to near 1.0450 in the early European session on Monday. The US Dollar extends recovery amid risk aversion, weighing on the pair. ECB rate cut expectations also continue to ...