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Despite the tough economy and all time low interest rates, even on the best buy savings accounts, it seems that we are saving more.
According to ING Direct’s consumer savings monitor report, which survey’s around 1,000 people, savings ratios rose by 18% in the first quarter of 2012 compared to the same time last year....
Despite the tough economy and all time low interest rates, even on the best buy savings accounts, it seems that we are saving more.
According to ING Direct’s consumer savings monitor report, which survey’s around 1,000 people, savings ratios rose by 18% in the first quarter of 2012 compared to the same time last year....
May 8th, 2012
A packed housing round up this week. Firstly, two surveys indicate house prices have fallen over the past couple of months and continue to do so year on year.
Secondly, the mortgage market looks as though it will continue to get harder for borrowers who want an Interest Only mortgage after the announcement by the Co-operative Bank that they are pulling out of this type of lending.
Finally, ...
May 4th, 2012
Around 10 million workers will be automatically enrolled into a work place pension scheme in October of this year, but a new survey has found that the majority of people are not aware of the imminent changes.
The government’s auto enrolment program start’s in October and will see employees of larger firms be the first to be automatically enrolled into a work place pension. However, a survey from the pension provider Aviva, found that 68% of ...
May 3rd, 2012
New research has emphasised the importance of shopping around for the best savings interest rates.
The data provider, Defaqto, has found that a saver who put £1,000 into the best instant access deposit account three years ago and then transferred the balance to the most competitive account on each anniversary would have earned total interest of £71.73, assuming the interest was left in ...
May 2nd, 2012
New research from the Prudential has found that 40% of people who plan to retire this year would like to continue to work.
The poll of 1,000 people found that the main reason for wanting to stay in work was to remain “physically healthy and mentally active”. Other people simply did not like the idea of retiring and staying at home.
“New retirement reality”...
May 2nd, 2012
One of the leading SIPP providers in the UK has called for action to be taken to prevent investors losing money in risky or even fraudulent investment schemes.
In comments made to FT Adviser , an industry publication, AJ Bell, which runs the popular Sippcentre and Sippdeal SIPPs has suggested that the FSA (Financial Services Authority) and HMRC should consider moving back to a system of ...
May 2nd, 2012
A new report from the Legal Services Board shows that 20% of all wills could be faulty.
The survey of 100 people who needed a will found that 20 contained basic errors and a small percentage were so badly written that they “could not be executed”.
The Legal Services Board said: “We found consistent patterns of sloppiness, simple errors and poor communication. This often resulted in ...
May 1st, 2012
The housing market has received its’ usual spring boost and confidence seems to be returning if the results of the latest Halifax survey are to be believed.
HMRC report rise in house sales
The property market has something of a spring bounce according to figures from HMRC.
The number of completed purchases in March rose to 74,000, from 63,000 in February.
Property experts put the rise partly down to the time of year, as ...
April 27th, 2012
The National Association of Pension Funds (NAPF) has released figures which show the Bank of England’s program of Quantitative Easing (QE) has knocked a further £90 billion off the value of final salary pension funds.
The Bank of England’s QE program started over three years ago and has been deployed at various times since then to try and help the ailing economy. The QE program now stands at £325 billion having been extended by ...
April 27th, 2012
The mis-selling of Payment Protection Insurance is perhaps the biggest and most costly financial scandal ever in the UK. However, new research has shown that a quarter of people using claims management companies to handle their case are unaware of the fees they will be charged.
Fees for Claims Management Companies
A survey of more than 2,000 people, carried out by Which? and Moneysavingexpert found that 25% said they did not know Claims Management Companies charged a fee for handling their case.
The fees charged by Claims Management Companies ...
April 24th, 2012
