Retail sales jump, pensions opt-outs, and Royal Mail price rises - here's your need-to-know business news roundup.
UK retail sales performed better than expected during September, according to new figures.
Sales rose by 0.6 per cent during the month, following a 0.4 per cent fall during August. [BBC]
3 million employees will opt out of auto-enrolment pension rules, according to a survey.
A report from the National Association of Pension Funds suggests that 27 per cent of workers will stay out for reasons including cost and a lack of trust. [Guardian]
Royal Mail moved one step closer to privatisation today as Ofcom announced that the organisation would be able to set its own prices.
The regulator has said that it will cap second-class letter prices, but prices for first-class letters and parcels, along with business and bulk mail, will be at the discretion of Royal Mail. [FT]
