Research for GE Life shows that a quarter of people who want to retire by 2010 plan to use their tax-free retirement lump sum on a break, despite findings that current retirees struggle to survive on pensions. Scott Dolfi, chief…
Continue reading the "Holiday hopes put retirement at risk" »
Debt experts have warned that while bankruptcies can be discharged in a quicker period than before, many of the associated restrictions to credit are still in place. Instead, IVAs, which are used to repay debts without the risks to credit…
Continue reading the "IVA alternative to bankruptcy misconception" »
According to Mori, overseas students are wiser with their money than home students as they treat their education as an investment and budget better rather than spend funds on drink. The poll found that the average overseas student expected to…
Continue reading the "Debt less problematic for overseas students" »
Financial advice firm Debt Free Direct’s study found that 28 per cent of all bankruptcies had the former partner’s large debts as the chief reason for splitting. “Typically, people in a relationship will take on debts in joint names, never…
Continue reading the "Divorce is major factor in bankruptcy" »
In a bid to avoid taking on extra debt if the rate rises, more people are turning to mortgages where they know how much they will have to repay each month, figures from My Mortgage Direct reveal. “With no Bank…
Continue reading the "Fixed-rate mortgages for fear of rate rise" »
James Purnell told the Institute of Public Policy Research that the proportion of 20 to 29-year-olds contributing to a private pension plan had dropped from a third to a quarter since 2000. “At the moment young people are acting as…
Market analyst Datamonitor claims that nine million people were refused credit last year due to debt problems such as county court judgements or for defaulting on previous repayments, a figure which will rise to 9.4 million by the end of…
The Financial Services Consumer Panel claims that 57 per cent of financial promotions reviewed breeched rules, with 79 per cent of general insurance promotions breaking guidelines. “The FSA [offers] no public scrutiny and pressure to make sure that advertisers keep…
Continue reading the "Financial advertising can ‘blind consumer’" »
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