Britain’s savings habits revealed, how do you shape up?

SavingNew research has shone a light on our savings habits and the amount of time we spend thinking about money. The survey from RCI Bank found that: 31% of adults are saving more than they were a year ago, putting away an average of £62 more per month However, 15% are savings less Those adults who are saving more have put away £750 extra over the past 12 months 34% of savers believe that talking and thinking about money made them better savers Money talks The survey also showed how much time we ...

10 tips to avoid being scammed

Scam Computer Keys Showing Swindles And FraudLargely thanks to a campaign led by financial advisers, the dangers of financial scams have been big news over the past few weeks. We are delighted that the government is finally acting to ban cold calling in respect of pensions. But, with a cold call made every eight seconds, millions of people are still at risk of being caught by the scammers. We thought therefore, it was worth reminding you of our top tips to help you avoid being scammed. Tip #1: Never respond to a cold ...

Retirement: Is now the right time to transfer your Final Salary pension?

TransferOver the past few weeks we’ve seen several stories in the personal finance press imploring you to transfer your Final Salary pension. Frankly, this worries us. So, we thought we’d look at some of the issues in more detail. Firstly though, we should point out that this article equally applies for Final Salary and Defined Benefit pensions. But for ease, we’ll just use the Final Salary term from now on. To stoke the fires, this weekend saw Royal London, a pension provider, report that Cash Equivalent Transfer Values (CETVs), the technical term for the pot of ...

Why 2016 was Buy to Let’s annus horribilis

Which towns and cities give the best Buy to Let returns 150pxIt was 1992, some 24 years ago, that the Queen admitted in her Christmas Day speech to experiencing an ‘annus horribilis’. This year, over turkey and Christmas pudding, some Buy to Let investors may well reflect on a similar 12 months. The past year has seen three key changes, either introduced or implemented, which will significantly reduce the attractiveness of Buy to Let investing and leave many investors facing some tough decisions. What’s changing? Three key things: The first, which came into force in ...