The ‘Bank of Mum & Dad’ continues to grow

The ‘Bank of Mum & Dad’ continues to grow 150pxThe ‘Bank of Mum & Dad’ continues to grow, in fact, new research shows that if it were actually a bank or building society, it would make it into the top 10 largest mortgage lenders in the UK. The research, from Legal & General, shows just how vital ‘the Bank of Mum & Dad’ is to the UK housing market. According to the findings, it will lend over £6 billion in 2016, providing the deposits for over 300,000 mortgages and help ‘traditional’ banks ...

Protection: Is there really any excuse for being a parent and having no life cover?

iStock_000016395581SmallMost parents would agree that having children has changed their perspective on life. It also changes our financial priorities; no longer do we just have ourselves to look after, our children will be financially dependent on us for many years to come. Why then do so many parents put the financial future of their children at risk, by not putting plans in place to provide much needed security in the event that one, or both, parents die. Over 50% of parents have no Life Cover A recent survey by Legal & General revealed the ...

Savings: Do you save more or less than the average family?

iStock_000007329749MediumMost people like to know how they compare to others, so when it comes to saving money each month, do you put away more or less than the average amount? Legal & General have surveyed 625 families all with children under the age of 10 for their ‘Nearest and dearest families facing tomorrow’ report. The results make fascinating reading:   Our advisers can help you get your savings working harder ...

Annuities: Fed up of “greedy” Annuity providers? Then consider other options

iStock_000008982661_ExtraSmallA couple of weeks ago the respected financial Journalist, Dan Hyde, revealed the results of a Daily Mail investigation into the profit margins of Annuity providers. To many people, the findings of the investigation were surprising: “Based on insurers’ own predictions, they claim to make £6,500 profit from every £100,000 of savings. But this assumes savers always pick the very best deal and live until they are 90.” “In reality, on average someone turning 65 this year will die when they ...