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Equity investments to boost retirement income

One third of over-55s who have yet to retire plans to use stocks and shares in retirement to offset the effects of inflation on their income, according to research by MGM Advantage.

Two separate surveys of more than 2,000 people found that 53% of respondents rank the rising cost of living as their biggest fear for retirement.

Of those aged 55 or over and still working, 32% said...

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Online sales growth at 10-month high

The online retail sector grew by 18% in the year to August 2014, according to e-retail industry body IMRG.

Around £8.1 billion was spent online between August 2013 and August 2014, the highest level of growth since November 2013.

The IMRG figures also show:

  • the clothing sector recorded annual growth of 20%
  • the accessories subsector grew by 60% year-on-year...
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Annuity sales fall by a third

The number of annuities sold fell by a third between the first and second quarters of 2014, according to figures published by the Association of British Insurers (ABI).

The figures reveal that 27,902 fewer annuities were sold in Q2 2014 than in Q1 2014 - a fall of 37.5%.

The total value of annuities sold fell from £2.5 billion in Q1 to £1.8 billion in Q2.

The statistics...

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Peer-to-peer lending exceeds £2bn

Peer-to-peer lenders have given more than £2 billion to businesses and individuals, according to data published by AltFi.

The total amount lent has doubled from £1 billion to £2.004 billion since December 2013.

The sector has experienced rapid growth so far this year, growing by an average annualised rate of 158%.

Peer-to-peer lenders connect individual borrowers or...

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New support for online exporters

UK businesses will have access to a new package of services designed to boost online exports, UK Trade and Investment (UKTI) has announced.

The e-Exporting programme will provide face-to-face advice to businesses looking to develop an online exporting strategy.

UKTI is working with international e-marketplaces to increase the reach of UK online retail exports - forecast to reach...

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