Putting a little bit by for the future
Article Abstract:
There are two kinds of pensions in the United Kingdom; defined contribution pensions managed by a pension fund or occupational pensions organised for employees by their company management. Defined contribution pensions are for people who have not been able to arrange a pension in their workplace or who are self-employed. Contributions are limited according to net earnings and age of the worker. A full examination of fund charges and performance is vital before purchasing a personal pension. Occupational pensions are made up of contributions from workers and employers.
Publication Name: Electrical Contractor
Subject: Engineering and manufacturing industries
ISSN: 0308-7174
Year: 1997
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Banks, phones and auto-transactions
Article Abstract:
It would be helpful to small companies in their financial management to have automated banking from their own computers, but the large UK banks do not provide this at rates which could be afforded by small businesses. It is left to the small banks, notably the Bank of Scotland, Co-op and TSB, to operate services which allow interactive PC-based banking at more modest subscription fees. Meanwhile banks are concentrating on developing telephone banking and preparing themselves for a future using convergence technologies.
Publication Name: Electrical Contractor
Subject: Engineering and manufacturing industries
ISSN: 0308-7174
Year: 1996
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Our mutual friend
Article Abstract:
A growing number of Mutual Guarantee Societies (MGS) are offering loans to small businesses. They government-backed organizations offer finance to firms at a manageable rate of interest. Small firms minister Barbara Roche hopes to encourage business growth through the use of MGSs. There will be one hundred MGSs in the United Kingdom by the year 2000. Businesses often fail if they are underfinanced.
Publication Name: Electrical Contractor
Subject: Engineering and manufacturing industries
ISSN: 0308-7174
Year: 1998
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