A quarter of pensioners in the Sesame poll have debt levels so high that they do not intend to pay it off and instead will die owing money which cannot be passed onto heirs. Alastair Conway, head of customer propositions…
In the Alliance Trust’s retirement survey, 1.7 million people are resigned to a retirement of debt and scrimping compared to only 500,000 who think they will be comfortable. “It’s worrying to see that many in the prime of their working…
Philip Smith, 48, was once a registered IFA but had not renewed his registration for ten years, instead he conned scores of clients out of their credit cards, inheritance and investments. Detective constable John Ashington, of Stockport CID, said: “Philip…
Speaking on BBC Two’s Working Lunch, the CCCS’ founder, Malcolm Hurlston, urged people to first of all add up their total debt so as to know the situation they stand in. “Once you’ve done that, the next thing to do…
Children’s Mutual states that with final bills for studying to qualify for certain professions reaching £70,000, saving needs to start early to offset this debt. “By saving regularly over the long term, parents and other family members could help provide…
Continue reading the "Parents urged to save now for student debt" »
Even on a tight budget, living costs are over 2.5 times what the state provides, which could force many to go into debt, according to the Axa survey. Commenting on the findings of an experiment to make people live on…
Continue reading the "Inability to live on pension ‘startling’" »
Through the introduction of an annual review of overdrafts, HSBC’s action could cut down on the amount of people regularly using overdrafts as loans. “Overdrafts were originally developed to give customers a safety net and more flexibility to cover short-term…
Data from comparison site Moneysupermarket.com shows that average spend on cards was £779 and that many holders are accruing interest on this spending, adding to debt. “You could be left with more than a tan if you don’t think about…
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