Finance

British pensioners are now more financially secure than they ever have been, following the post-election deal between the DUP and Conservative Party, guaranteeing the triple lock pension and winter fuel allowance. More significant is the older generation’s ‘wealth mountain’—the property assets owned by those higher up the housing ladder. Unfortunately for their descendants, it is estimated that just 4 million of the 17 million Brits between the ages of 25 and 44 are set to benefit when their families pass...

Currency is known to be one of the most volatile assets in the world, and many businesses must deal with the fluctuations of various exchange rates on a daily basis. These fluctuations can be significant, making it very difficult to predict how any given currency pairing will behave on any given day. Whilst those trading forex seek to take advantage of these fluctuations, they can present a variety of risks/challenges to businesses of all types, especially those which have dealings...

Staying up to date on the latest anti money laundering laws and processes is extremely important for any Finance or Banking professional. Anti Money Laundering Training can provide a cost effective and informative way of becoming an expert in these laws. Avoiding being involved in money laundering can save a business time, money, as well as any legal action. Learn From Industry Experts While the information for anti money laundering techniques does exist online, it can be very technical and...

The recent skyrocket in Bitcoin’s market value has caused there to be a great deal of speculation about how long lasting this success will be and whether it is just a matter of time before it sees a significant crash (as was the case on previous occasions). As Bitcoin is decentralised by nature, it is possible that it will perform differently than other currencies as it is not controlled by any company, government or a particular organisation. Bitcoin, the very...

More than one million of the new plastic £10 banknotes celebrating author Jane Austen have entered circulation. The new tenner is the first Bank of England note with a tactile feature to help blind and partially-sighted users. People queue outside the Bank of England in the City of London this morning as they wait to exchange old ten pound notes for the new ones. The tactile feature is a series of raised dots in the top left-hand corner of the...

You would think the banking industry would learn but sadly it appears not, according to a new report. The Adam Smith Institute, a leading think-tank, have said that the banking sector is an “accident waiting to happen.” The report has been published to coincide with the 10th anniversary of the Northern Rock crisis, that led to a run on the bank. This new report, which was authored by Kevin Dowd, Finance and Economics Professor at Durham University, was scathing on...

The price of a pint of beer is about to shoot up, according to the world's biggest beer company. Jason Warner, who is AB InBev's president for northern Europe, has warned that rising inflation means that pints in Britain are about to become more expensive. Headline consumer price inflation jumped from 2.6 per cent to 2.9 per cent last month, while the core rate rose from 2.4 per cent to 2.7 per cent. The Bank is currently predicting that CPI will...

With MiFID II soon to be put into practice, it’s more important than ever for Financial Institutions to understand what the MiFID is, and what is required of them to follow their regulations. One of the biggest areas for confusion is trade and transaction reporting. Both fairly similar, the confusion is understandable but it is simply to understand the difference. Making a FinTech investment can aid you in gaining the correct technology to make this easier, but we’ve looked deeper...

There is no doubt about it, unsecured loans are disputed and there is an obvious reason for that: the high interest rates Should these loans be banned or is it appropriate for the general public to have access to this facility? It's a difficult question to answer as there are both pros and cons regarding the matter. These loans are often very expensive due to the high interest rates, which is the main problem. Many customers experiencing difficulties when the time...