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Could equity release ease the issue of ‘unsustainable’ pensions?

Tuesday, April 6th, 2010
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

Could a lifetime mortgage ease the issue of the water rate lottery?

Thursday, April 1st, 2010
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

Government should raise awareness of equity release plans, says trade body

Wednesday, March 31st, 2010
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

UK debt increases could spike popularity of equity release schemes

Wednesday, March 31st, 2010
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

Not enough people are saving, says expert

Tuesday, March 30th, 2010
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

Increase in potential car purchasers

Tuesday, March 30th, 2010
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

NAPF recommends pensions shake up

Monday, March 29th, 2010
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

Lib Dems: Tories are confused and unfair on pensioners

Monday, March 29th, 2010
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

Small energy providers urged to challenge ‘big boys’

Friday, March 26th, 2010
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

Britons still forced to cut back, claims Santander

Friday, March 26th, 2010
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