According to Prudential, Britain’s younger generation is hoping for a sensible retirement, possibly because debt is knocking back the prospect of a retirement of world cruises. Ali Crossley, Prudential UK’s director of lifetime mortgages, said that it was good that…

The bank’s Flexi-Rate card charges lower interest to consumers who pay off more of their outstanding balance each month in a move which could help many clear debt. In addition to paying a lower interest rate on outstanding balances, the…

A new report from the Institute for Fiscal Studies (IFS) claims that rather than encouraging people to get a job with the prospect of promotions, pay rises and the means to clear debt, many people are staying on benefits. “These…

According to Nationwide, its latest consumer confidence index is still “well below” the two-year average despite a slight increase, with debt worries helping to contribute to this pessimism. “Consumer confidence remains low and, despite improving, has not recovered fully since…

John Porter, a senior counsellor with the Debt Counsellors, urged people to take out advice on becoming debt free to stave off the threat of bankruptcy as figures show a rise in average debt levels. “Not only are the personal…

Spreading payments can add over a third of the total cost of the policy, MoneyExpert stated and only 14 per cent of insurers allow policy holders to pay by direct debit at no extra charge. Sean Gardner, chief executive of…

Following successful trials, the saving scheme could see the government match a pound for every pound saved, which should encourage poorer people to save, a report has claimed. A Treasury source told the Financial Mail that the project is likely…