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North-south divide grows in house market

Homes in Greater London cost nearly twice as much as the national UK average, according to new figures released by Halifax.

House prices in the capital surged by 7.7 per cent in the second quarter of this year and are now 87 per cent higher than the UK average.

Northern Ireland saw the greatest surge in new homeowners, with a 25 per cent increase in first-time buyers over the period. Greater London saw an 18 per cent increase against a national average of 6 per cent.

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Guide

Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.

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