Customers should not use the information to form an opinion about equity release in relation to their individual requirements.
Debt a problem for pensioners
Thursday, August 27th, 2009
The recession is increasing the amount of debt that older generations are finding themselves in. That is according to Scottish Widows, which has found that as many as one in six retired homeowners, equating to 1.3 million people, still have a mortgage. Ian Naismith, head of pensions market development at ... read more
Importance of holiday insurance highlighted
Wednesday, August 26th, 2009
Many people use equity release schemes to head away on a dream holiday. However, the dream can easily become a nightmare if the person heading away forgets to purchase travel insurance. Lloyds TSB has discovered that as many as one in ten people are travelling abroad without insurance, with 1.4 ... read more
‘The pensions industry does not do itself any favours’, expert claims
Wednesday, August 26th, 2009
Too many people believe all pensions news to be bad and ignore the important issues. That is according to Keith Churchouse, director of Churchouse Financial Planning, who has claimed that many people think any technical pensions news is "either boring or bad". Such a belief is leading to some ... read more
Recession affecting retirement age
Wednesday, August 26th, 2009
Recession is delaying the age people can retire, a new study has found. According to figures from life assurer MGM Advantage, as many as a quarter of over-55s will work past the required retirement age due to the effects of the economic downturn. Craig Fazzini-Jones, director of MGM Advantage suggested ... read more
Companies urged to keep staff informed about pensions
Tuesday, August 25th, 2009
Staff should be kept informed about their pension schemes. That is the opinion of Danny Cox, head of advice at Hargreaves Lansdown, who has claimed that companies should make sure to do their best to keep staff well versed about their schemes. "If the general workforce takes little active interest ... read more
Over-50s ‘unfairly penalised’ with savings accounts
Tuesday, August 25th, 2009
Easy access savings accounts for the over-50s are falling short of products in the wider market in terms of rates.According to moneysupermarket.com, older savers are being penalised more than others because of the drop in rates. Kevin Mountford, head of banking at the comparison site, said: "Over 50s customers are ... read more
Consumers increasingly believe they can save
Tuesday, August 25th, 2009
With the end of the recession seemingly in sight, more and more people are confident that they can save. Head of consumer finance at lovemoney.com Ed Bowsher said he believed confidence was once again returning to the savings market. "Given the economic climate people realise that you do need to ... read more
Recession changing travel habits
Monday, August 24th, 2009
The spending habits of Brits going on holiday have been altered because of the recession.That is according to flight comparison website Cheapflights, which has claimed that many Brits are now taking a series of shorter breaks rather than a traditional two week summer holiday.Francesca Ecsery, global sales director of the ... read more
Expert criticises government stance on bank industry pensions
Monday, August 24th, 2009
An independent policy adviser has hit out at the fact that bankers' pensions are entitled to 100 per cent taxpayer protection.Dr Ros Altmann claimed that the government has not provided justification for the unequal treatment and that it raises concerns about fairness and social justice.She highlighted that bank workers will ... read more
Confidence returning to pensions
Monday, August 24th, 2009
Confidence is beginning to return to pension savings.That is the finding of a new study by Aon Consulting, which has discovered that there has been a fall in the number of people looking to find out information regarding the value of their pension.It was claimed that the amount of people ... read more
