How to invest a £100K lump sum for income to supplement pension with minimum risk

My wife’s grandmother has a spare £100,000 that she wants to earn some income from to supplement her state pension. She has no private pension and is fed up with terrible savings rates. She does have more cash savings that will be kept separate, but she wants to get this money working harder, earning at least 3-to-5 … Read more

Rents in England branded unaffordable for young people on minimum wage

Rents in England ‘unaffordable’ for young people working on minimum wage, as average home accounts for nearly three quarters of earnings No region of England has rents that are affordable for under-25s working full-time on minimum wage, according to research from a major mortgage lender On average, 71% of their wages would have to go towards … Read more

Blake Shelton defends his song Minimum Wage after backlash: ‘I’m proud of it’

Multi-millionaire Blake Shelton calls criticism of his song Minimum Wage ‘absolutely ridiculous’ after backlash and says ‘I’m proud of it’ By Sarah Sotoodeh For Dailymail.com Published: 18:44 GMT, 15 January 2021 | Updated: 18:44 GMT, 15 January 2021 Blake Shelton is standing by his controversial new tune Minimum Wage, after facing a barrage of backlash … Read more

Criminal barrister, 27, says she earns LESS than minimum wage working 19 hour days 

Legal aid barrister, 27, who went to state school and put herself through university reveals she now earns LESS than minimum wage for working 19-hour days Alejandra Llorente Tascon, 27, from London, is a criminal defence barrister After expenses says earns less than national minimum wage of £8.72 per hour  Says lawyers are ‘turning their backs’ … Read more

Tesco tops list of firms who failed to pay staff the minimum wage

Tesco shamed for underpaying 78,000 workers: Red faces on day ex-boss Dave Lewis is knighted By Lucy White For The Daily Mail Published: 21:50 GMT, 30 December 2020 | Updated: 21:50 GMT, 30 December 2020 Tesco has been named and shamed by the Government for underpaying 78,199 workers by more than £5million. The supermarket chain, … Read more

Windrush victims in line for £10k payout as Priti Patel due to announce bump in minimum compensation

Windrush victims are in line for £10k payout as Priti Patel is due to announce increase in minimum amount of compensation Under the new reforms, those who can show an ‘impact’ on their life from the scandal will be immediately paid £10,000, according to The Sunday Times Compensation for Windrush scandal victims has been criticised … Read more

UK gambling laws review: National Lottery minimum age raised to 18

Social media influencers must be stopped from encouraging children to gamble, say MPs as ministers ban under 18s from playing the National Lottery from next October and launch a major review of gambling laws Ministers announced under 18s will be banned from playing the National Lottery  The Government also today launched a major review of … Read more

Delay over raising minimum age for buying National Lottery tickets is branded ‘farcical’ by MPs

Delay over raising minimum age for buying National Lottery tickets is branded ‘farcical’ by MPs Children can spend up to £350 a week gambling on fixed odds games online In July a group of peers  issued a report calling for the age limit to be raised to 18  Camelot said it will take nine months … Read more

Blow for loyal savers as plan for minimum interest rates is scrapped by banking regulator 

Blow for loyal savers as plan for minimum interest rates is scrapped by banking regulator Plans to protect loyal savers with a minimum interest rate have been shelved FCA announced earlier this year that it planned to shake up the savings market   Move would have required every bank and building society to pay a blanket … Read more

Geneva will introduce ‘the world’s highest minimum wage’ of £41,430 a year

Geneva will introduce ‘the world’s highest minimum wage’ of £41,430 a year – around £3,500 a month – after two-thirds backed it in referendum Swiss city held a referendum across the voter population of around 500,000 New wage, which equates to around £19.50 an hour, introduced from October 17 The alterations had been rejected by … Read more