NS&I puts Guaranteed Growth and Guaranteed Income Bonds back on sale after eight years

NS&I stopped selling Guaranteed Growth and Guaranteed Income Bonds in 2009, but they have recently announced that the one-year and three-year Bonds are available to the public once more. Eligibility The fixed-rate Bonds are available to people who are:   Aged 16 and over Investing a minimum of £500 and a maximum of £1 million Bonds can only be purchased online, through the NS&I website, although they can be managed via post, telephone and online. It is possible to jointly purchase these Bonds with another person, however, only the first named person will receive postal statements. The ...

Renting in retirement; is it really affordable?

Renting and retirement; two words that usually don’t appear next to one another. For most people, thoughts of retirement are accompanied by a number of concerns; the biggest usually being that the mortgage is finally paid off. Rarely does the notion of renting appear, but that is very much the case for an increasing number of people in the UK. It’s no secret that rising house prices mean that we are borrowing more and for much longer. The thought of still paying the mortgage in retirement is worrying enough, but how feasible is it ...

Bank of Mum and Dad: No repayments necessary

Bank of Mum and Dad No repayments necessaryLess than a third of parents who plan to lend money to their children in the future expect to be repaid. According to research from Prudential, many parents are giving substantial amounts to their adult children, without the expectation of being repaid in full (or anything at all). On average, people who have helped their children or grandchildren financially are owed £12,700, whilst 11% of parents have handed out loans in excess of £20,000. There are many reasons for parents to lend ...

Divorced women lose £5 billion in pension payments each year

Divorced women lose £5 billion in pension payments each yearThere is a correlation between being divorced and being less prepared for retirement, especially for women, research from Scottish Widows has shown. Whilst 12% of divorced men say they are unable to save anything toward their pension, that figure doubles to 24% for divorced women. Meanwhile, 40% of divorced women say their retirement prospects worsened after divorce, with just 19% of men saying the same. But why are women losing out on so much after the breakdown of a marriage? Women ...