UK - Economists have become more hawkish about UK interest rate rises, research by bfinance shows.
The electronic finance marketplace provider said a consensus of economists employed by international banks predicts that the Bank of England will have raised rates by 0.75 percentage points within six months.
Some economists believe rates could rise to 5% by the end of the year.
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.