The independent financial advisor service claims that nearly half of the UK’s pensioners are unaware of their entitlements and tax rights. In addition, future pensioners are also being urged to plan for the future to ensure that they retire in…
Data from One Account reveals that 36 per cent of Britons expect to be saddled with mortgage repayments when they are over 60. “Paying off a mortgage should not mean that people have to put their life plans on hold,”…
Continue reading the "Third of pensioners to pay mortgage debt" »
In addition, Liverpool Victoria claims that workers are contributing an annual total of £33 billion in unpaid care and assistance, highlighting the need for both parents and children to start planning for the debt burden of retirement. “The costs of…
Continue reading the "Children footing the bill for parents" »
Around a quarter of parents have not invested the £250 Child Trust Fund (CTF) vouchers given to them, meaning that parents are needlessly adding to their child’s future debt worries. “It seems you just can’t give money away,” commented Jason…
Continue reading the "Parents failing to invest for children’s future" »
The bureau claims that many suffering from debt are penalised further by private bailiffs who intimidate and harass them whilst charging excessive fees. “Reports from clients of intimidation, unreasonable demands and excessive charges by bailiffs are commonplace,” said David Harker,…
Continue reading the "Citizens Advice to take on bailiffs" »
According to Fidelity International, a fifth of people never check how their long-term retirement plans are doing, meaning that many could be surprised to suffer debt even if they think they are prepared. “The problem is not that people are…
Continue reading the "Study reveals poor plans for future" »
Last month there was a £186 million increase in loan and overdraft use on July’s figures, even though credit card lending fell. Although David Dooks, BBA’s director of statistics, said that this was a “weak increase”, it still shows that…
The Department of Work and Pensions minister said that there were arguments for further funding of credit unions, which can help people get out of the “nightmare spiral” of debt. “£100 million should reduce the nightmare spiral of debt that…
Continue reading the "Minister pledges credit union support" »
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
