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Partnership: Half of over-40s believe they will be paying a mortgage or rent in retirement


While people aspire to owning their own home, a significant amount will still be making mortgage repayments (av. £514 per month or 47% of retirement income) when they retire. In addition, with 35% of households in England living in social or private rental accommodation, a number of retirees will need to meet these costs in later life (av. £399 per month or 37% of retirement income). As people age and either purchase property or repay their mortgage this changes the number who expect to be meeting these costs in retirement but 18% of 66-70 y... Read More »

Aviva: Guys and ghouls spark a rise in thefts, fires and vandalism


Analysis of 10 years’ worth of claims data from Aviva reveals that the bad ‘guys’ come out on Bonfire Night, sparking a 22% increase in burglaries compared with a typical day. The data also shows: Halloween is the worst day of the year for vandalism with claims for malicious damage to homes soaring by 160% - and Bonfire Night is the second worst. Fire claims are 60% higher on Bonfire Night, and a typical house fire can cause about £12,800 of damage. Car crime increases, with a 20% rise in motor thefts on both Halloween and Bonfire Night... Read More »

GDF Suez and BP discover new Central North Sea Field


Ruud Zoon, Managing Director of GDF SUEZ E&P UK Ltd said: “This is an encouraging exploration discovery in a part of the Central North Sea that needs additional volumes of hydrocarbons to open up development options for several stranded discoveries. The discovery is our third successful well this year and demonstrates a continuing commitment by GDF SUEZ to an active exploration and appraisal drilling programme on the UK Continental Shelf.” Trevor Garlick, Regional President of BP North Sea said: “As BP marks its 50th year in the North Se... Read More »

Vodafone: Injured 27-year-old Afghanistan veteran completes Remembrance Day run in shape of giant poppy


In Vodafone’s latest First*, Ben McBean uses smartphone running app and Vodafone network to create outline of huge poppy on London map for the first time Ben, seriously injured in Afghanistan in 2008, challenges British public to raise money for The Poppy Appeal and to use mobile technology to run London streets to colour in poppy Supporters can donate to the Royal British Legion via JustTextGiving Vodafone Foundation will match fund up to £100,000 After losing his left arm and right leg in a landmine blast in Afghanistan while serving... Read More »

London Metropolitan Police Service and Accenture complete Analytics Pilot Program to fight gang crime


The twenty-week pilot merged data from various crime reporting and criminal intelligence systems used by MPS and applied predictive analytics to generate risk scores on the likelihood of known individuals committing violent crimes. The project targeted individuals across all known gangs in all thirty-two London boroughs and was delivered through Accenture Analytics, part of Accenture Digital. “The MPS is keen to make smarter use of technology in the fight against crime, ensuring we are intelligence-led at all times,” said Detective Superinte... Read More »

Barclays passes EBA EU-wide stress test


The stress test results published by the EBA are based on a CRD IV CET1 ratio calculated on a transitional basis as implemented by each bank’s local regulator. For UK banks, the CRD IV Transitional CET1 ratio reflects the maximum pace of transition (“PRA Transitional CET1 Ratio”), which means that it is not directly comparable to the transitional ratios of banks in other EU jurisdictions where a slower pace of transition is adopted. Barclays published a consolidated Fully Loaded CET1 ratio of 9.9% as at 30 June 2014. Barclays is targeting a ... Read More »

Halifax: The value of hard work – children earning their pocket money


Two thirds of children are working for their pocket money Pocket Money rises three times quicker than average wages since 1987 Tidying their bedroom is the most common task children will have to undertake in order to receive their pocket money, with 42% of children confirming that they do this. Meanwhile, a quarter of children (25%) will be washing up, the second most common household chore. Among the jobs that will be avoided, only 3% will be asked to help out with the ironing, 4% will be making dinner, and 8% will be assisting with the s... Read More »

500 more engineering jobs as BT expands recruitment programme


Takes total number of Openreach engineering roles announced since April to 2,400 Continued focus on customer service delivery, fibre broadband and high speed links for businesses This latest phase of recruitment, which is already well underway, builds on the success of Openreach’s recent campaign to hire 1600 engineers. Openreach was thrilled with the response it received to the original recruitment drive receiving 26,000 applications - more than 16 per role - for the originally advertised posts, enabling it to announce the recruitment of ... Read More »

EIB backing unlocks GBP 1 billion social and urban investment across London


The London Borough of Barking and Dagenham today became the first borough to benefit from a new GBP 500m investment package for urban infrastructure, new and upgraded social housing and energy efficiency projects to be provided by the European Investment Bank. This is the first multi-sector engagement by Europe’s long-term lending institution with a group of local authorities in the UK, and was supported by the Greater London Authority. The first GBP 150 million of this package is earmarked for investment in Barking and Dagenham and was agre... Read More »

Anglian Water challenges innovators to create the water company of the future


Through the Water Innovation Network (WIN), a joint initiative with economic development company Opportunity Peterborough, the water company is inviting suppliers to provide solutions to key challenges facing the industry to create a ‘Shop Window’ for best practice. The event will be hosted by WIN on Friday 31st October at the Kingsgate Centre in Peterborough. Anglian Water aims to find solutions to long-term challenges such as climate change and population growth and their component challenges, such as driving down leakage and increasing... Read More »

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