Tag: PricewaterhouseCoopers

Gender directive could slash men’s annuity payouts

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 […]

December 21, 2012 More
OFT to investigate payday loan companies

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 […]

February 24, 2012 More
Online banking to become the norm by 2015

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 […]

January 16, 2012 More
Report suggests pension age will have to rise to 70

Report suggests pension age will have to rise to 70

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 […]

July 6, 2011 More
Survey reveals financial sector grew in Q2

Survey reveals financial sector grew in Q2

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 […]

July 4, 2011 More
Survey reveals financial services sector grew in Q1

Survey reveals financial services sector grew in Q1

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 […]

April 4, 2011 More
BDO warns of premature interest rate rise

BDO warns of premature interest rate rise

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 […]

March 14, 2011 More
UK exporters: emerging markets or join “slow lane of history”

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

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 […]

January 7, 2011 More
UK’s debt could slow growth for decades

UK’s debt could slow growth for decades

November 9, 2010 More
PwC report warns of 1m job losses

PwC report warns of 1m job losses

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. […]

October 13, 2010 More
UK unemployment rate falls to 7.7%

UK unemployment rate falls to 7.7%

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, […]

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

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

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 […]

August 13, 2010 More
Survey reveals financial services sector is growing

Survey reveals financial services sector is growing

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, […]

June 28, 2010 More
Highland Airways enters administration

Highland Airways enters administration

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”. […]

March 25, 2010 More
PwC report reveals more job woes

PwC report reveals more job woes

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 […]

February 23, 2010 More
PwC survey reveals fears over double-dip recession

PwC survey reveals fears over double-dip recession

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 […]

January 31, 2010 More
E-clear placed into administration

E-clear placed into administration

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 […]

January 19, 2010 More
Survey reveals pessimism in financial services sector

Survey reveals pessimism in financial services sector

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 […]

January 11, 2010 More
Allbury Travel Group enters administration

Allbury Travel Group enters administration

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 […]

December 21, 2009 More
Scotland’s biggest airline collapses

Scotland’s biggest airline collapses

December 17, 2009 More