A cashless society has come a step closer after Visa announced it will launch a new type of card next year. The Contactless card will mean small purchases can be paid for by swiping the card across a reader. A Pin number will be required for amounts above £10 or £15.
Final chapter?
The number of people in final-salary pension plans has dropped below those with less generous money-purchase schemes for the first time. The figures come ahead of this week’s pensions bill, which some say will hasten the demise of final-salary plans.