The Fidelity Retirement Index, commissioned by Fidelity International, warns that unless saving habits change, the average person can expect a 60 per cent fall in income after retirement. With the average salary standing at £22,900, someone retiring tomorrow could therefore…

The alarming findings reveal that 38 per cent of Britons have no savings whatsoever, while just 30 per cent have more than £3,000 put to one side should they suffer a loss of income. However, if this was to happen,…

Many supermarkets offer credit cards with loyalty schemes, but research from Moneynet.co.uk shows that customers could get a better deal elsewhere. The credit cards tend to have higher interest rates than traditional credit card providers and money saved on loyalty…

A recent study carried out by the financial organisation urged people to start saving for their future before they passed the age of 30. But, according to Prudential spokesperson Anthony Frost, the difficulty of getting onto the property ladder and…

The proliferation of ‘rate tarts’ – those who move their debt from one zero per cent interest credit card to the next – will see some 5.8 million credit card holders move an average of £2,061 on balance transfers, according…

Despite the 73 per cent increase in bankruptcies since last year, economics analyst Lombard Street Research remains positive regarding the consumer outlook. “We remain optimistic on the UK consumer outlook,” said the firm’s Michael Taylor. “The recent surge in individual…

Compared to the same quarter in 2005, the number of English and Welsh court orders to repossess a house increased by 57 per cent to nearly 22,000. According to the Department of Constitutional Affairs figures, repossession levels have been rising…

The research reveals that people aged over 50 are finding it harder and harder to pay bills and, as a result, are turning to their overdrafts to make do. Of the 4.5 million older people who regularly use their overdraft…