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Retirees provide financial support to families

More than a third of people retiring this year are currently supporting their families financially, according to survey by Prudential.

The survey of more than 1,000 people planning to retire in 2015 found that 36% are providing financial help to relatives.

Retirees are paying an average £250 a month and almost £3,000 a year to their families. Almost 1 in 8 (12%) pay more than £...

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SMEs lack qualified financial staff

More than a third of SMEs do not have a qualified person in charge of finances, research by the Association of Accounting Technicians (AAT) has found.

The study of more than 500 small and medium-sized business owners shows that 36% of firms lack qualified financial staff.

The potential for unqualified staff making miscalculations, being late with invoices and accruing fines could...

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Charitable donations popular among estate planners

Almost a fifth of people plan to leave money to charity when they die, according to research by the AA.

Of the 1,500 people surveyed, 18% intend to use part of their estate to make charitable donations. It suggests a gender gap between the amount of men and women planning to give to charity: 22% of women said they would give part of their estate to charity, compared to 14% of men.

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Small firms to get productivity boost

A new fund designed to boost the productivity of small businesses has been launched by the UK Commission for Employment and Skills (UKCES).

Local 'anchor' organisations will be able to bid for a share of the £1.5 million fund to support their local economies. Anchor organisations are bodies that have strong local connections and are therefore well placed to take a lead role in boosting...

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Small firms lack confidence in late payment rules

Small businesses do not trust the Prompt Payment Code (PPC) to effectively tackle the UK's poor payment culture, according to research by the Federation of Small Businesses (FSB).

The survey of FSB members finds that 79% of small firms don't believe that the industry-led PPC can reduce late payment and unfair terms, suggesting a widespread lack of confidence in the system.

Many...

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