Pensions, savings and investments

A top official at the Bank of England has added to speculation that the UK's banking system could be set to change after labelling free banking a 'dangerous myth'.

The deputy governor of the Bank of England's decision making committee has defended its use of quantitative easing (QE) as savers see their pension pots squeezed.

Companies failing to communicate with employees about their remuneration package, including salaries and benefits, are 'wasting' their money and failing to reap the benefits, research carried out by the Chartered Institute of Personnel and Development (CIPD) has claimed.

More than six million of the UKs over 50s will live on less than the minimum wage in retirement, a new survey has found.

HMRC has confirmed that more than three million tax refunds are to be sent out as of next week - two months earlier than previous years - due to an earlier review of the amount of tax paid for 2011/12 via the Pay As You Earn (PAYE) system.

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