The public sector pensions system is in need of a major overhaul as the current final salary model is "unsustainable", according to the Confederation of British Industry (CBI).These comments could spark an increase in the popularity of equity release schemes such as lifetime mortgages.According to the CBI, unless a "more ... read more
A water rate postcode lottery in the UK is hanging consumers "out to dry" according to one price comparison service.Equity release schemes could become more popular following the news that disparities on water rates are seen across the country.Data recently published by uSwitch.com has revealed that some areas in England ... read more
The government should be raising awareness of equity release plans as a way for older people to pay for domiciliary care, according to one industry organisation.Equity release products such as reversion plans can ease the burden of paying for social care, SHIP, the equity release trade body has said.The comments ... read more
Total personal debt in the UK now stands at £1,464 billion after increasing by 0.9 per cent over the last year, a new report has revealed.The figure could inspire a number of homeowners to look into equity release as a way of boosting their income.Data taken from a recently-published study ... read more
The "most fundamental" problem in regards to pensions is that not enough people are saving.This is the view of investment manager Hargreaves Lansdown, which said even those who are saving are not putting enough aside.It follows yesterday's (March 29th) call from the National Association of Pension Funds for the creation ... read more
Almost one-quarter of people who are planning to purchase a new or used car in the next six months intend to take out a loan in order to do so, it has been revealed. People over 55 also have the option of generating this lump sum through an equity release ... read more
A group of pension experts has launched a new blueprint aimed at improving the UK's pension scene.The National Association of Pension Funds' (NAPF) wish list, entitled Fit for the Future - NAPF's Vision for Pensions, includes a recommendation to introduce a Foundation Pension worth up to £8,000 per year.According to ... read more
As the race to the general election intensifies in the wake of the recent Budget, the Liberal Democrats have accused the Conservative Party of being confused and unfair in its treatment of pensioners' finances.It follows a speech by David Cameron in which he stated that under a Conservative government the ... read more
Price comparison website moneysupermarket.com has called on smaller energy companies to "come out and play with the big boys".The call comes after supplier OVO Energy launched a new online tariff which placed it at the "top of the ladder" of cheap duel fuel deals.At an average of £855 per year, ... read more
British workers have to be careful with their spending as the effects of the recession are still being felt, according to Santander.Data from a recently-released report by the bank has revealed that 81 per cent of Britons have made recent changes to their spending habits.According to the study, one in ... read more