Debt: Resolution time! Grab a pair of scissors and start to sort out your finances

Debt: Resolution time! Grab a pair of scissors and start to sort out your financesFor many people the New Year is the perfect time to make resolutions. The same old favourites such as losing weight, drinking less, taking more exercise come around each year; but it’s just as important to keep your finances healthy as it is your body. After an expensive Christmas, paying debt off is the first place to start for many people who want to get their finances in shape. But which debt should you pay off first and why? ...

Post Office to launch current account

Post OfficeThe Post Office has announced they will launch a new current account in the spring of 2013. The new current account will initially be launched in a small number of Post Offices, but will be rolled out to all 11,500 branches during 2014. The Post Office claims that the new current account will give consumers access to the UK’s largest branch network and increased opening hours, compared to traditional banks. According to figures from the Post Office, more than three million customers have accessed the many ...

Retirement: 20% of people retire owing money

PrudentialShocking new figures have revealed that around 20% of people are retiring, despite the fact they are still in debt. The figures from the Prudential show that 1 in 5 retirees still have personal loans, credit cards or mortgages outstanding when they finish work, with the average debt totalling £31,200. As shocking as these figures might be, they are actually a slight improvement on last year, when the average amount of debt, for people retiring whilst still owing money, was £38,200. Retiring with debt Experts believe there ...

Marks & Spencer to launch high street bank

Marks & Spencer (M&S) has announced it will be launching a high street banking operation in the summer. The popular retailer has said that it will launch 50 branches, backed by HSBC, with the first one in its flagship Marble Arch store. The new venture, which will have meeting rooms and more informal seating than traditional counters, will employ 500 people by the end of 2013. Our advisers can help you make the right decision...