Prudential says that over a million retirees have an average debt of £15,500 and 70,000 have a debt as high as £75,000. Most worryingly, a quarter of pensioners say that they lack the funds to repay debt and other financial…

Cheltenham & Gloucester warns that a rise in the rate by a quarter of a point will mean that average families could spend nearly half of their take-home pay on mortgage repayments. Managing director of C&G, Jon Pain, said: “Despite…

According to Visa UK, £83 billion “disappears” annually from British wallets and purses, working out at £1,700 per person, enough to cover utility bills for a year. “This research reveals how difficult it is to keep track of your spending…

Credit cards, mortgages, loans and other forms of credit mean that Britons are more in debt than ever before, with most of this down to home ownership. “Our findings are still very alarming in that they show that a significant…

In its report, the authority accused financial firms of failing to always give correct advice, which could lead to people getting into debt. Welcoming the report, the chairman of the Financial Services Consumer Panel, John Howard, said: “For consumers to…

Although there is to be a public consultation committee before the adverts are allowed, fears remain that children and people with gambling problems will be at risk of being encouraged to gamble. “The Salvation Army is concerned about the introduction…

Rather than planning for the future by repaying any loans or debt that they have, IFA Promotions found that a quarter of Britons would rather spend any increase in income on luxuries. “Despite well-documented and countless warnings that as a…