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en-us http://backend.userland.com/rss Your Friends @ Myvesta.org.uk (stever@myvesta.org) myvestaukblog_archive.html Good News for Minimum Wage Workers/ Bad News For Seniors stever@myvesta.org 112816342289697039 The minimum wage will increase today to £5.05 an hour, up from £4.85, while 18 to 21 year olds will get 15p more at £4.25. Further increases are planned.

Planning to Live a Long Life?

A sharp increase in life expectancy in the past ten years is posing bigger problems for both pension funds and life insurers and adding to the pressure for raising the retirement age, according to new figures.The Continuous Mortality Investigation (CMI), which publishes its results once a decade based on trends over a three-year period, said the chances of a 65-year-old man dying within a year of retiring were now 30pc less.It added: "A 65-year-old man may now expect to live on average until he is 86 years and seven months, an increase of 3½-years from when the previous tables were published."
[Daily Telegraph page 33 - 30.09.05. Also reported in The Times page 52 and The Independent page 57]

]]> 10:40 AM Your Friends @ Myvesta.org.uk Your Friends @ Myvesta.org.uk 2005_09_25_myvestaukblog_archive.html#112816342289697039 01 October 2005 01 October 2005 UK Housing Market - Mixed Signals stever@myvesta.org 112807252238835498 There has been a sharp rise in the number of people taking out mortgages, but house prices are still falling, say two pieces of research. The Bank of England said 107,000 new home loans had been taken out in August, an 8,000 rise on the previous month and the highest level for 14 months. The total borrowed reached the highest for a year, at £23.8billion. However, the Nationwide Building Society said house prices remained in the doldrums during September, falling by 0.2pc in the month and only rising at an annual rate of 1.8pc - the weakest it has been since May 1996.
[Daily Telegraph page 38 - 30.09.05. Also reported in The Independent page 56, Financial Times page 4.]
]]> 9:27 AM Your Friends @ Myvesta.org.uk Your Friends @ Myvesta.org.uk 2005_09_25_myvestaukblog_archive.html#112807252238835498 30 September 2005 30 September 2005 Is Your Bank Charging Too Much? stever@myvesta.org 112793391746570141 A crackdown on current account penalty charges could slash the cost of banking for millions of customers. The Office of Fair Trading is telling banks and building societies they must follow guidelines on excessive charging for some services or face a formal investigation.
[Daily Mail page 51 - 28.09.05]
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