A third of Britons can’t afford to save for their retirement, research from Scottish Widows has found. Its survey also suggests that people are worried about how they will cope when they give up work, and showed almost half of respondents were not saving enough for a comfortable retirement. Only 51 per cent of people [...]
June, 2008
Lenders adding to homeowner’s debt management worries
Despite the base rate of interest remaining at an all-time low, lenders have punished those looking for a home loan by increasing their popular fixed-rate mortgage deals – adding to the debt management worries of many homeowners. Recently major high-street lenders have raised their fixed-rate mortgage by up to 0.9%, with experts predicting there are [...]
Living costs up 26 per cent in two years
The cost of everyday living has risen by more than a quarter in the last two years, according to a study by Combined Insurance. Its figures show that average monthly living commitments have soared by 26 per cent since June 2006, and that Brits are spending up to 30 per cent more on everyday bills, [...]
Two thirds think ‘country is in recession’
Consumer confidence has slumped to an all-time low, with almost two-thirds of consumers believing that the country is in recession, according to a survey by the British Retail Consortium (BRC). The study showed the confidence index had dropped to 79, compared with 91 this time last year and was now at the lowest level since [...]
Lenders overcharge by £1.4bn for payment cover
Consumers taking out Payment Protection Insurance (PPI) to cover loans and credit cards have been overcharged by £1.4bn a year according to a study released today by the Competition Commission. Almost all of the 14 million PPI policies taken out (worth around £5.35bn a year) were sold at the time of taking out credit – [...]
