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

Andrew Hagger | May 23, 2019

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

Andrew Hagger | May 22, 2019

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

Andrew Hagger | May 16, 2019

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

Andrew Hagger | May 15, 2019

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

Andrew Hagger | May 15, 2019

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 […]

Only one in three self-employed millennials have a pension

Andrew Hagger | May 14, 2019

13 May 2019 Only one in three (34%) self-employed millennials, aged 23-38, currently have some form of pension saving, according to analysis from Fidelity International’s report ‘Generation Self-Employed’. Being your own boss seems to be a compelling prospect for millennials in the workforce with three in ten (30%) saying they would like to work for […]

Two thirds of over-45s have not told beneficiaries how much inheritance they’ll receive

Andrew Hagger | May 9, 2019

08 May 2019 The majority of over-45s do not know how much inheritance they will pass onto their beneficiaries, according to Canada Life’s 2019 IHT Monitor. Two thirds (63%) of over-45s have not told their beneficiaries how much inheritance they plan to leave them, highlighting the ongoing uncertainty regarding the amount of money needed to […]

6.4 million households unable to cover the costs of a broken boiler

Andrew Hagger | May 1, 2019

01 May 2019 Though the winter months are falling far behind us and the warmer weather is now setting in, research from home and boiler cover company, Hometree, reveals that over a third of UK households – the equivalent of around 6.4 million homes – say they wouldn’t be able to cover the cost of […]

Royal London highlights lack of understanding around Power of Attorney

Andrew Hagger | April 30, 2019

30 Apr 2019 Power of Attorneys allow people to appoint someone to make decisions on their behalf, should a time come when they lack the mental capacity to do so themselves. If the person has already lost mental capacity then the Court of Protection can appoint a deputy to make decisions on that person’s behalf. […]

Weflip praises Ofgem for new automatic compensation scheme for energy switching problems

Andrew Hagger | April 30, 2019

30 Apr 2019 Anders Nilsson, spokesperson for weflip, said: “This decision by Ofgem which comes into force tomorrow, will not only provide financial compensation if something goes wrong, but will help to restore confidence in the switching process and the energy market as a whole, after a rocky few months of supplier failures and erroneous switches. […]