Author: automata

NS&I slashes interest rates on popular savings accounts to reflect ‘changing market’

NS&I slashes interest rates on popular savings accounts to reflect 'changing market'

Interest rates on certain NS&I savings accounts have been reduced by as much as 0.35 percent.

14:08, Wed, Sep 11, 2024 | UPDATED: 14:20, Wed, Sep 11, 2024

1 Bookmark NS&I slashes interest rates on popular savings accounts to reflect ‘changing market’ (Image: Getty)Savings giant NS&I has rolled out updated versions of its British Savings Bonds, now featuring lower interest rates . The Treasury-supported establishment has announced that the freshly introduced issues of its two-, three-, and five-year British Savings Bonds are a reflection of "the changing savings market".After the Bank of England base rate saw a decrease of […]

With Measure 118, a new business tax proposal is scrambling old battle lines

With Measure 118, a new business tax proposal is scrambling old battle lines

Virtually every major player in Oregon politics has come out against the proposal. That’s a big change — and no guarantee it can’t succeed.

September 11, 2024

With Measure 118, a new business tax proposal is scrambling old battle lines By Dirk VanderHartSee original post here. Eight years ago, a proposal to raise Oregon taxes on large businesses had corporations and public sector unions at each other’s throats.The tax hike proposed in 2016′s Measure 97 led to the most expensive ballot measure fight in state history, with the two sides spending more than $42 million combined. In the […]

NS&I slashes bond interest rates after just five weeks

NS&I slashes bond interest rates after just five weeks

National Savings and Investments (NS&I) has cut the interest rates on British Savings Bonds after just five weeks.

The Treasury-backed savings provider has announced that new issues of the bonds will be on sale from Wednesday, but with lower interest rates, meaning lower returns for investors.

For instance, two-year Guaranteed Growth Bonds will pay 4.25pc, down from 4.6pc. All bonds will see a reduction in rates.NS&I said the change, which will see rates fall by up to 0.35 percentage points, will help to balance the interests of savers, taxpayers and the financial sector.The Bank of England is widely expected to cut […]

Workers feeling retirement-ready as they reimagine their relationship with 401(k)s

Workers feeling retirement-ready as they reimagine their relationship with 401(k)s

Nationwide survey research reveals snapshot of sentiments around retirement, economic anxieties, and need for protected income.

SEP 11, 2024

Despite ongoing economic challenges, nearly two-thirds of American workers feel financially prepared for retirement, according to the fourth annual Protected Retirement survey from the Nationwide Retirement Institute.The study draws on polling conducted by Edelman Data and Intelligence, which took responses from thousands of private and public plan sponsors, participants, and financial advisors in July.The survey found that 65 percent of employees believe they are on track for retirement, with younger workers (ages 22-34) expressing even more confidence at 71 percent—a 15-point increase […]

Major change to British Savings Bonds that will affect new investors

Major change to British Savings Bonds that will affect new investors

The Treasury-backed provider said the interest rates on the new issues of its two, three and five-year bonds reflect ‘the changing savings market’ Savings giant NS&I has launched new versions of its British Savings Bonds (

Image: PA Archive/PA Images) News

Politics Football Celebs TV Shopping Royals NS&I, the savings giant, has rolled out new versions of its British Savings Bonds, with reduced interest rates.The Treasury-supported provider announced that the revised interest rates on its two, three, and five-year British Savings Bonds are a response to "the changing savings market". Following a recent […]

Savings giant launches new British Savings Bonds with reduced interest rates

Savings giant launches new British Savings Bonds with reduced interest rates

The new three-year versions will pay 4.00% AER

From Wednesday, the new issue of the two-year Guaranteed Growth Bonds and Guaranteed Income Bonds will pay 4.25% AER Your support helps us to tell the story

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Compare lifetime guaranteed income products

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Age is one factor for calculating retirement income. The older you are, the higher the income quotes you’ll get. If you are aged below 55 accessing your pension pot is not normally a good idea and our tables won’t provide quotes. We suggest you speak to a regulated financial adviser before proceeding if you are aged below 55.

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Not All Career Ladders Are Created Equal

Not All Career Ladders Are Created Equal

Transcript

Tim Sablik: My guests today are Katka Borovičková and Claudia Macaluso, both economists in the Research department at the Richmond Fed. Katka and Claudia, welcome to the show.

Katarina (Katka) Borovičková: Thank you very much for having us. Claudia Macaluso: It’s a pleasure to be here. Sablik: Today we’re going to be discussing your recent research looking at how career changes affect worker earnings. You recently published an Economic Brief article that discusses a concept that I think should be familiar to a lot of people, which is the job ladder.The conventional wisdom has long been that […]

Automation in warehouses

Automation in warehouses

Views of Geekplus robots in action at the Geekplus Innovation Center in Suwanee, Ga., on Thursday, April 11, 2024. (Natrice Miller/AJC) Inside an unassuming building off Peachtree Parkway in Gwinnett County, robots, some of which look like Roombas on steroids, zoom around a warehouse floor, lifting pallets and moving racks of goods in precise routes.

Guided by QR codes on the floor, the robots are following a system outlining orders to fulfill.

The robots are made by Geekplus, a company based in China that has offices in the U.S. and has opened an innovation center in Suwanee, where it can demonstrate […]

Most Employees Believe They Are on the Right Track for Retirement

Most Employees Believe They Are on the Right Track for Retirement

By:

Despite headlines to the contrary, American workers are showing remarkable confidence in their ability to meet their long-term financial and retirement goals.

According to the fourth annual Protected Retirement survey from the Nationwide Retirement Institute, more than 6 in 10 (65%) workers say they are on the right track when it comes to financial preparedness for retirement. This figure rises to 71% for those aged 22-34 years old, which is a 15-point increase from 2023.After months of strong stock market gains, the survey found that this improvement is due largely to the active engagement of employees in managing their […]