‘Workplace robots will widen pension savings gap to £2.3tn’

The UK’s retirement savings gap would widen to £2.3tn if Bank of England forecasts of the number of jobs lost to robots come to pass, according to new analysis. Hymans Robertson, the pension consultants, issued the warning based on the Bank’s estimates that a third of UK jobs were at high risk by 2030.

Digital technology can make financial struggles easier to manage

BETWEEN 2011 and 2014, according to the World Bank, the number of people in the world with a bank account, either directly or through a mobile-money provider, grew by no fewer than 700m. The global ranks of “unbanked” adults thinned from 2.5bn, 49% of the total, to 2bn, just 38%.

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