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Business News

Pensions at increased risk of being targeted by scammers

The Pensions Regulator (TPR) has warned that pensions are at 'increased risk of being targeted by scammers' during the COVID-19 pandemic. In a message to trustees, the TPR said: 'Savers…

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26/03/2020
Business News

UK facing ‘worst recession in modern history’

The UK economy is facing its worst recession in modern history after the coronavirus (COVID-19) caused a 'sharp slowdown', according to the latest Purchasing Managers' Index (PMI) survey from data…

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25/03/2020
Business News

Contactless card payment limit set to rise from April

Trade association UK Finance has announced that from 1 April the spending limit for contactless card payments will rise from its current level of £30 to £45. The decision to…

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25/03/2020
Business News

Increase in home working raises risk of cyber-attacks

The significant increase in home working caused by the coronavirus pandemic has increased the risk of firms being hit by cyber-attacks, according to insurers Beazley. Ransomware attacks skyrocketed by 131%…

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24/03/2020
Business News

Regulators request delay in corporate reporting

Financial regulators have requested a moratorium on corporate financial reports for at least two weeks. The Financial Conduct Authority (FCA) is in talks with the Financial Reporting Council (FRC) and…

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24/03/2020
Business News

Government unveils wage bailout scheme

Chancellor Rishi Sunak has announced a major wage bailout scheme to cover the salaries of British workers hit by the UK coronavirus crisis. Under the scheme, the government will pay…

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23/03/2020
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