Retirees could find themselves facing financial difficulties if they rely on the state, says one expert. A spokesperson at investment management firm Hargreaves Lansdown commented that people on a government pension receive £100 a week and could be in for…
Continue reading the "Pensioners face “miserable time” if they don’t save" »
Existing debt is stopping a number of people in the UK from paying into a pension scheme, a new study has revealed. Lincoln Financial Group found that nearly one-quarter of adults are not saving for retirement, with 23 per cent…
Continue reading the "Debt ‘prevents pension saving’" »
Victims of financial fraud have spoken out about their experiences of having their bank accounts taken over by criminals. Selina Hall – who faced high credit card debt after fraudsters used her details to fund online purchases – said that…
Continue reading the "Victims of fraud speak out about debt worries" »
Consumers are failing to utilise the internet enough when it comes to managing their finances, a new survey has suggested. According to uSwitch.com’s findings, the average person is paying £185 a year more for their standard energy plans than those…
Continue reading the "Consumers “not taking advantage” of online deals" »
Mothers should renew their tax credits as soon as they can to avoid missing the July 31st deadline, HM Revenue & Customs (HMRC) has suggested. The tax office is calling on women with children to submit their claims soon and…
Continue reading the "HMRC calls on mothers to renew tax credits" »
Approximately two-fifths of British people have elected to stop making charitable donations in an effort to save money amid the recession, according to a new survey. Insurance firm Diamond published the results of its study today to coincide with Volunteers…
Continue reading the "40% of Brits stop charity donations to save money" »
Complaints to the Financial Ombudsman Service about credit cards, mortgages and consumer debt all rose during the 2008-09 financial year. A 34 per cent increase in grievances linked to these areas was observed by the watchdog, in addition to an…
Continue reading the "Credit card complaints ‘on the increase’" »
Many Britons are still paying off the credit card debt from holidays taken last summer, a poll has revealed. Despite this, the Abbey Credit Cards survey showed that 57 per cent of UK adults are planning to use their plastic…
Continue reading the "Brits ‘still paying off holiday debt’ from last year" »