Annuity sales jump 13.2% as retirees seek guaranteed income
Retirement annuity purchases rose 13.2% to 100,144 in the year to March 31, as soaring rates tempt retirees back to guaranteed incomes, the FCA said.
Category : Finance
Global bond sell-off raises UK borrowing costs before budget
A global bond sell-off has pushed UK 10-year gilt yields to 5.38%, nearing a 19-year high, increasing government borrowing costs and reducing fiscal headroom before the budget.
WRU revenues fall short of forecast at £110m
The Welsh Rugby Union is expected to report revenues of around £110m for its last financial year, below an initial forecast of £117m, with the accounts due next month.
Time-varying electricity prices could cut bills, report says
A report by the IFS and LSE says household electricity bills could fall if the Government promoted time-varying prices, reflecting production costs that vary by time and place.
Burnham's Budget Plan: Tax Cuts Could Win Snap Election
Andy Burnham is considering a Budget plan that could put £600 a year into the pockets of lower earners and pave the way for a snap election victory, funded by tax hikes.
Pay rise could boost pension by £50,000
Workers who add just 2% more of their salary to their pension from age 30 could build an extra £50,000 pot by retirement, Standard Life research shows.
Set For Life results LIVE: Winning numbers for Monday, September 14
Set For Life players could win £10,000 every month for 30 years in tonight's National Lottery draw, which starts at 8pm. Follow live for the winning numbers.
Scots workers could save £46,000 in tax by moving to England
Higher earners in Scotland could save over £46,000 in Income Tax over five years by living in England while working in Scotland, analysis by Rathbones shows.
State Pension to exceed £12,570 tax threshold from April 2027
Full New State Pension could rise above the £12,570 Personal Allowance in 2027/28 if earnings growth of 4.1% drives the Triple Lock, reaching £13,062.40 a year.
Pensioner Couples: £688.40 Boost Every Four Weeks
Low-income State Pensioner couples may receive a £688.40 Pension Credit boost every four weeks if they meet three key eligibility conditions, including receiving a qualifying disability benefit.
Millions missing pension tax relief under HMRC rule
Higher-rate taxpayers could lose thousands in pension tax relief if they fail to claim extra relief under relief-at-source schemes, AJ Bell warns.
Raonic joins Goldman Sachs private equity after tennis retirement
Milos Raonic, former world No.3 and Wimbledon finalist, has taken a private equity role at Goldman Sachs in New York after retiring from tennis earlier this year.
Savers warned they could lose £15,000 by making this simple mistake
A £10,000 nest egg left in cash since 2010 would now be worth only £6,300 after inflation, but invested in global shares it could have grown to almost £25,000.
Bank boosts ISA rate to 4.75% market-leading deal
AlRayan Bank raises its Meteor Savings Cash ISA to a market-leading 4.75% AER, including a 0.15% boost, for one-year fixed savers.
Pension warning: Brits could lose £250k by missing six checks
A finance expert warns savers could miss out on over £250,000 by failing to make six quick checks ahead of Pension Awareness Week.
Guardian revenues hit £282m as digital reader income rises 17%
Guardian Media Group reports record £282m revenue, with digital reader revenue up 17% to £126m and US operations growing 15% to £64m.
TUC urges Burnham to tax bank profits to ease cost-of-living crisis
TUC chief Paul Nowak urges Andy Burnham to impose a windfall tax on banks' bumper profits, saying it could be a 'game changer' for those struggling with energy bills.
One million Brits set for £70 HMRC pension top-up
Around one million lower earners in the UK could receive a pension payment averaging £70 after missing out on tax relief through workplace pensions. HMRC is contacting 1.32 million people about the top-ups, with letters issued in stages through to early 2
Savings tax rates to rise from April 2027: what savers need to know
From April 2027, UK savings tax rates rise by 2 percentage points. Basic rate goes to 22%, higher to 42%, additional to 47%. Personal Savings Allowance stays unchanged.
Over-75s can get £9,740 a year on top of state pension
State pensioners aged over 75 can get £9,740 a year on top of their DWP payments by buying an annuity with their private pension pot, according to current rates.
Under-77s can get £1,930.40 DWP payments this September
Younger state pensioners can receive up to £1,930.40 in September 2026, as two DWP payments fall in the same month for those paid on Tuesdays or Wednesdays.
Bally's revenue jumps 20.5% as UK growth offsets gambling tax
Bally's Q2 revenue rose 20.5% to $792.23m, with UK growth offsetting a near-doubling of remote gaming duty ahead of its planned Evoke acquisition.
Martin Lewis explains 'direct descendants' inheritance tax rule
Martin Lewis explains the 'direct descendants' rule for the £175,000 inheritance tax allowance, who qualifies, and how couples can pass on unused allowances.
JLR to Offer Redundancies to Thousands After Profits Fall
Jaguar Land Rover will open a voluntary redundancy programme for salaried staff, with up to 4,000 jobs at risk over two years after falling sales, a cyberattack and US tariffs hit revenues.
Lotto Results Live: £6.8m Jackpot and Thunderball Numbers
The National Lottery Lotto draw at 8pm offers a £6.8m jackpot, with Thunderball following at 8:15pm and a £500,000 top prize. Follow live coverage here.
Older State Pensioners to Get £1,479 Payments in September
Some older state pensioners will receive two DWP payments in September 2026, totalling up to £1,479.20, if their National Insurance number ends in certain digits.
North East Postcode Lottery: 8 Areas Win £1,000 This Week
Eight North East postcode areas, from Westerhope to Stockton-on-Tees, have each won £1,000 in this week's People's Postcode Lottery draws.
Over-50s urged to decide on pension access before retirement
A third of workers over 50 have not decided how to access their pension savings, research for Scottish Widows suggests, with many lacking knowledge of their options.
Older pensioners miss £575 triple lock boost
Older state pensioners will not receive the full £575 triple lock increase in 2026, receiving £136 less annually than new pensioners due to a lower base.
Everton owners seek new investors, report claims
The Friedkin Group is reportedly working with advisers on an Everton stake sale process, less than two years after taking control of the club.
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