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Cost of children's school equipment rises

Parents will spend an average of £164 on purchases for children starting the new school year, according to research by Confused.com.

The survey, compiled for Confused, asked 2,000 parents about their school expenditure and found that the average parent will see a 6.5% increase in prices when compared with the 2014/15 school year.

This rise in prices will compound the already high...

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Consumers look to new payment technologies

Almost 4 in 10 current account holders think the rise of technology will eliminate the need to use cash in 10 years' time, research by Lloyds Bank suggests.

A survey of 2,000 Lloyds Bank account holders found that many expect technology such as contactless cards, mobile apps and biometrics to replace cash as a means of exchange.

The poll revealed:

  • 43% think...
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Gender pay gap between management roles

Women working in management roles are effectively working unpaid for almost 2 hours each day, according to analysis from the Chartered Management Institute (CMI).

A survey of 72,000 British managers found that female executives earn an average of £8,524 less than men in equivalent full-time roles- a 22% gap in pay.

Using official labour market statistics, the CMI found that the...

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A third of pensioners in debt

Almost a third of retirees were in debt at the time they stopped work, research by Old Mutual Wealth shows.

The study found that 30% of pensioners owed an average £34,500 at the point of retirement. A fifth (19%) had debts of more than £50,000 while almost 1 in 10 owed over £100,000.

Of the people surveyed:

  • 21% were still paying off their mortgage 
  • 14%...
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Employees not taking full annual leave

More than half of the British workforce does not take the full amount of annual leave each year, research by reed.co.uk has shown.

The online jobs board found that 54% of British employees are not taking full advantage of their statutory leave entitlement.

Despite the majority of those surveyed saying that they believe breaks from work increase productivity, many do not end up...

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