Personal Finance News

AIG Life research claims Brits happy to work until they are 68

24 May 2019 New research from AIG reveals workers expect to be physically capable of doing their jobs until past their 68th birthday, beyond the age they can start claiming the State Pension even when it is extended to 67 by 2028.  Almost a third believe they could work into their 70s and beyond with one in […]

Number of retired homeowners using house wealth to clear debts hits three-year high

23 May 2019 Retired homeowners are increasingly using property wealth to clear unsecured debts and mortgages to strengthen their later life finances, new data from the UK’s leading independent equity release adviser Key shows. The number of customers using money from their homes to pay off credit cards and loans hit a three-year high of 35% in […]

New study reveals it takes 81 months to save for a picture-perfect wedding

22 May 2019 We all have dreams of finally saving enough to be able to jet off on a five-star holiday, throw a picture-perfect wedding or get our hands on a shiny set of wheels. With many financial experts suggesting that we should save 20% of our take-home salary for big purchases, how long will […]

TotallyMoney research shows credit myths continue to cause confusion among UK consumers

16 May 2019 Credit blacklisting, criminal records and unpaid student loans. These are just a few of the credit myths that continue to confuse consumers, reveals credit experts TotallyMoney. The survey revealed some unnerving findings. For example, only 14% of respondents understood there’s no credit blacklist. And just over a quarter realised their address doesn’t affect […]

Sainsbury’s Bank reveals the currencies which have surged in popularity

15 May 2019 Sainsbury’s Bank Travel Money has analysed its Travel Money currencies to identify which destinations are on the rise for travellers looking to get away from mainstream tourist locations. Four currencies have jumped up in use over the past four years, indicating the growing popularity of the countries. British travellers are choosing to stay […]

Cost of retirement estimated to be £11,830 a year

15 May 2019 The annual cost of being retired mounts up to £11,830 a year or nearly £230 a week, new analysis from the UK’s leading independent equity release adviser Key shows. Costs mount up from spending on the basics such as food, clothes and utility bills while leaving some spare cash for eating out […]