Millions ‘sleepwalking into old age’ Older workers are over-estimating their pension pots and underestimating how long they are going to live – leaving them at risk of poverty in retirement, according to new research. Daily Express, p. 2 Directors urged to look for funds in their pension pots The problem of access to credit could […]
Monthly Archives: November 2012
M&S cuts the pension gap down to size Retail giant Marks & Spencer has struck a new deal with its pension trustees, allowing it to reduce the amount it pays to plug the deficit in the scheme each year. Shares in the company leapt 8.3p to 387p yesterday as it revealed the result of its […]
Third helping of recession is starting to look more likely Economic comment predicting more austere times ahead. The Independent, p. 53 Christmas clubs with no savings safety net A consumer feature on the risks of investing in Christmas clubs. Daily Mail, p. 53 Inflation set to erode nest eggs for years A financial advice […]
Keep savings within the safety limits Advisory feature on how to diversify your savings to insure that they are protected by government guarantee schemes. The Times Personal Finance, p. 3 Seven-day switch can break the chains of marriage A feature on how to change your banking service provider. The Times Personal Finance, p. 1 […]
Small firms are urging Osborne to focus on them A further overhaul of the banking sector, new reliefs on National Insurance contributions and tax simplification should be the Chancellor’s Autumn Statement priorities, the Federation of Small Business will say today. The Independent, p. 50 Think-tank tells Chancellor to keep his hands off QE windfall Institute […]
Accenture exposed to tax avoidance claim. Hidden cuts 30% of income from poorest. Split the banks, argues Liam Halligan. Aussie approach to pension and health care.
There is only one real answer – split the banks Liam Halligan argues that banks need to be split between their investment and retail arms. The Sunday Telegraph Business, p. 4 Hidden cuts will take away 30% of income for poorest Britain’s least wealthy families are facing hidden cuts worth more than 30% of their […]
High street fears consumers saving, not spending. Co-op launches UK’s cheapest 5 year fixed rate mortgage – 2.79%. Chancellor to raid pension breaks, high earners should top up pension now.
High street cowed by pile of savings Fears of a dire Christmas for the high street grew yesterday as new figures showed worried consumers have built up a £40bn savings pile during the past year. The Independent, p. 58 Also appeared in : The Times, p.62 Call for unlimited protection for savers Nationwide Building Society has urged […]
No wonder the landlord game looks beautiful, says Anne Ashworth YouGov research for the Countrywide estate agency group reveals that 11 per cent of those whose recent mortgage applications were rejected did not receive the courtesy of an explanation. More proof, as if it was needed, that the banks want nothing to do with many […]
BOE rules out rate-slashing move after high-level talks The Bank of England weighed up slashing interest rates below their current record low of 0.5 per cent, the minutes of its November policy meeting revealed yesterday. Independent i, p. 47 Bank considered cutting interest rates even further The Bank of England weighed the case for slashing […]
The Ostrich Generation – barely 12% of people under age 34 saving for retirement yet hope to retire on £30k pa
THE OSTRICH GENERATION Britain’s young savers are wildly underestimating how much they need to save each month for a comfortable retirement, after a national survey found just one in 10 is putting money aside for a pension – despite having high expectations for their final pension pots. Just 12 per cent of Britons between 25-34 […]