Annuities: Where now for Annuity rates?

Crumpled question marks heapPension Annuity calculators show that rates have recovered slightly so far this year but if you are retiring soon, don’t get too excited! The latest figures from the MGM Advantage Annuity Index, show average Annuity rates increased by 3% in the first three months of 2013, the first quarterly interest for two years. However, the good news soon comes to an end, with revelation that over an average retirement of 18-years, a pension fund of £50,000 would now provide £10,224 less income ...

Talking ‘bout my generation? Financial tips for fortysomethings

In the third part of this series we take a look at the financial problems for fortysomethings. Our 40’s is traditionally the period in our lives when our children are growing up and perhaps starting to think about university, we might need to move house and thoughts start to turn to planning more seriously for retirement. So, if you are in your 40’s, read of for our top financial and money tips. 1.    Make sure you are protected It’s highly likely that you have children, a mortgage, or both, which means you really should have sorted out your personal protection....

Housing & mortgage round up: Life still tough for first time buyers, whilst mortgage lending falls

Housing & mortgage round upA number of stories this week confirm just how tough life is for would-be first time buyers wanting to get onto the housing ladder. Rents are rising, so too is the number of people getting into arrears and the amount of deposit required to secure a mortgage is simply unaffordable for many; read on to learn more. Also this week, mortgage lending has fallen again, and is now significantly below the levels of this time last ...

Talking ’bout my generation? Financial tips for twentysomethings

The financial crisis, followed by the subsequent recessions, has made it harder than ever to hit our financial goals. In a new series of articles we will look at each generation, giving tips on how to cope with the lasting effects of the credit crunch and the recession. This month we focus on twentysomethings, how have things changed since 2008, what issues does this generation face, and what do you need to know now to organise your finances effectively? 1.    Getting a mortgage...