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Nearly 40 per cent of people told Fidelity International that rather than save they are hoping for windfall payments to enjoy a debt-free and comfortable retirement. However, Simon Fraser, president of institutional business at Fidelity International, warned against a lack…
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With average graduate debt put at £22,000, the National Union of Students (NUS) and financial experts told students to budget and seek advice. “Students are particularly vulnerable because they have no choice but to get into debt,” Sue Edwards of…
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Prudential claims that many are ignoring the effects of inflation when planning for their future and that £1,000 today will only be worth £620 in 2026, meaning that many will be in debt for their retirement. Head of retirement income…
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Nick White, head of personal finance at the price comparison website, said that the First Direct cashback deal could in fact cost borrowers who repay their loan early. “In monetary terms, on a £10,000 loan taken out over five years,…
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Yorkshire Bank today claims that two people in three have an average of £316.15 left over at the end of the month, which could be saved in a higher-rate account. In doing so, they are losing money that could be…
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Through the Scarborough Specialist Mortgages (SSM) brand it will offer people with adverse lending risks the chance to take out a mortgage, while claiming to give competitive rates. “The new subsidiary is being launched in direct response to the social…
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The ifs School of Finance said that introducing the qualifications in England and Wales was “essential” to tackle Britons’ mounting debt problems. “We welcome the ippr [Institute for Public Policy Research] report which provides yet more evidence that millions of…
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