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News Tag: PricewaterhouseCoopers

December 21, 2012

Gender directive could slash men’s annuity payouts

by Jan Harris
Gender directive could slash men’s annuity payouts
The EU Gender Directive, which came into force today, could see men losing up to £10,000 from their annuity payouts, according to research by PricewaterhouseCoopers. Under the new rules insurers are no longer allowed to take gender into account when setting annuity rates and premiums on insurance products. Men previously enjoyed higher annuity rates than women because their life expectancy is ...




February 24, 2012

OFT to investigate payday loan companies

by Jan Harris
OFT to investigate payday loan companies
The Office of Fair Trading (OFT) is to investigate Payday lenders over concern that they may be encouraging people to take out loans without checking that they can afford to repay them. Payday lenders offer short-term loans at very high interest rates and while these can be affordable if they are paid back at the end of the term – ...




January 16, 2012

Online banking to become the norm by 2015

by Jan Harris
Online banking to become the norm by 2015
By 2015 bank customers will use digital banking more than they use branches according to ‘The New Digital Tipping Point’ report from PricewaterhouseCoopers. The survey, of 3000 people in nine countries, suggests that customers are willing to pay up to £10 a month for online banking if they receive convenience and added-value services. These could be services such as financial ...




July 6, 2011

Report suggests pension age will have to rise to 70

by Kay Mitchell
”Report
A report by accountants PricewaterhouseCoopers (PwC) has waned that the pension age may have to rise to 70 by 2046 in order to deal with Britain’s debts. Current plans introduced by the coalition Government will see the state pension age lifted to 66 for both men and women by 2020. The pension age will then be lifted to 67 ...




July 4, 2011

Survey reveals financial sector grew in Q2

by Kay Mitchell
”Survey
A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed business volumes grew in the three months to the end of June, albeit at a slower rate. Companies were asked how their business volumes fared in the second quarter with almost half saying volumes rose and 28% said they fell. ...




April 4, 2011

Survey reveals financial services sector grew in Q1

by Kay Mitchell
”Survey
A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that business volumes grew in the three months to the end of March. The financial services sector, which represents around 8% of GDP, has been badly affected by the credit crunch and debt crises in Ireland and other European ...




March 14, 2011

BDO warns of premature interest rate rise

by Kay Mitchell
’BDO
Accountancy firm BDO has joined many other leading business groups by suggesting a premature interest rate hike could derail the economic recovery. According to the latest Business Trends report, BDO said a rise in interest rates would strengthen the pound and therefore, reduce export competitiveness, having a negative impact on manufacturing. The manufacturing sector, which accounts for around 13% of economic output, ...




January 7, 2011

UK exporters: emerging markets or join “slow lane of history”

by Gill Montia
UK exporters: emerging markets or join
A new report from PricewaterhouseCoopers (PwC) is urging UK companies to focus on emerging markets, or join the "slow lane of history" by continuing to focus on markets in North America and Western Europe. In PwC's latest "World in 2050" series, the firm's head of macroeconomics, John Hawksworth, comments: “Rapid growth in consumer markets in the major emerging ...




November 9, 2010

UK’s debt could slow growth for decades

by Kay Mitchell
...




October 13, 2010

PwC report warns of 1m job losses

by Kay Mitchell
”PwC
A report by accountancy firm PricewaterhouseCoopers (PwC) today revealed around one million jobs could be lost in the UK, as a result of the massive spending cuts introduced by the Government. PwC said around half a million jobs will be lost in the private sector due to the impact on firms supplying the public sector. The figures come on the same day ...




UK unemployment rate falls to 7.7%

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK unemployment dipped in the three months to August. The ONS said unemployment fell by 20,000 in the three month period to 2.448 million. The latest figures means the unemployment rate dipped from 7.8% to 7.7% - the lowest rate since May 2009. In the meantime, the number of Britons claiming jobseeker’s allowance (JSA) ...




August 13, 2010

Return to 2008 mortgage rates to cost £1,800 a year

by Gill Montia
”Return
With a rise in the Bank of England's (BoE) base rate inevitable at some point in the future, accountancy firm, PricewaterhouseCoopers (PwC), has been assessing the potential effect on UK homeowners of average mortgage interest rates moving back up to 2008 levels. According to BoE data, the average rate across three common types of mortgages (standard variable ...




June 28, 2010

Survey reveals financial services sector is growing

by Kay Mitchell
”Survey
A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that the industry is growing, albeit at a slower pace than expected. According to the survey, activity in the sector in the last three months has grown at its fastest rate since September 2007, but growth was weaker than ...




March 25, 2010

Highland Airways enters administration

by Kay Mitchell
”Highland
Scottish airline, Highland Airways, has gone into voluntary administration putting 100 jobs at risk. The company, which is based in Inverness and also has routes to Wales, called in administrators last night, PricewaterhouseCoopers (PwC), to take over the running of the business. The Civil Aviation Authority (CAA) said operations had been suspended "with immediate effect". The airline, which was established in 1991 as Air Alba, ...




February 23, 2010

PwC report reveals more job woes

by Kay Mitchell
”PwC
A report from accountants PricewaterhouseCoopers (PwC) has revealed more disappointment in the jobs market despite the UK emerging from recession in the fourth quarter of 2009. The report, which is based on interviews with bosses of 70 of the country's largest companies, found that 28% of bosses are planning redundancies over the next year. The findings will undoubtedly cause concern to private sector ...




January 31, 2010

PwC survey reveals fears over double-dip recession

by Kay Mitchell
”PwC
A survey by accountants PricewaterhouseCoopers (PwC) revealed that many business managers are concerned that Britain is heading towards a double-dip recession (whereby the economy goes into recession twice without having undergone a full recovery in between.) Last week, official figures revealed that the UK economy grew by 0.1% between the October and December period, suggesting that the economy had finally emerged ...




January 19, 2010

E-clear placed into administration

by Kay Mitchell
”E-clear
Card-payment processing company, E-Clear, has been placed into administration. The company was responsible for online ticket sales at Scottish airline Flyglobespan, which collapsed in December. PricewaterhouseCoopers (PwC), which was appointed administrator for Flyglobespan, had been investigating E-Clear to establish why the company held back £35 million owed to Globespan Group, which operated Flyglobespan. E-Clear was also understood to have processed Allbury Travel Group’s credit card ...




January 11, 2010

Survey reveals pessimism in financial services sector

by Kay Mitchell
”Survey
A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that firms remain cautious in their outlook. According to Ian McCafferty, chief economic adviser at the CBI: “The bounce in UK financial services activity over the past six months is not expected to last as we enter 2010. “Firms see their ...




December 21, 2009

Allbury Travel Group enters administration

by Kay Mitchell
”Allbury
There is more disappointment today for Christmas travellers after it emerged that Hertfordshire-based Allbury Travel Group has been placed into administration. The company, which traded as Libra Holidays, Argo Holidays and JetLife, ceased trading at midnight. It specialised in holidays to Greece and Cyprus and has left 100 customers overseas, while a further 4,000 had forward bookings. The news comes just a few days after ...




December 17, 2009

Scotland’s biggest airline collapses

by Kay Mitchell
...