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27 per cent of workers seeking pension reassurance
Monday, March 8th, 2010
A number of British workers have voiced concerns about the security of saving in a pension scheme.Figures from a new report from the National Association of Pension funds (NAPF) have revealed that 27 per cent of respondents would be more likely to save in a pension if they were sure ... read more
British Gas knocked off top spot
Friday, March 5th, 2010
British Gas has been replaced by First Utility as the UK's cheapest energy supplier, according to one price comparison service.Figures from Confused.com have revealed that First Utility's new iSave V3 tariff offers customers an average bill of £889, £10 cheaper than British Gas's best offer.Gareth Kloet, head of utilities at ... read more
UK workers fear pay freezes
Friday, March 5th, 2010
Figures from a recently-published report from consumer advice website uSwitch.com have revealed that more than 16 million people expect to experience a wage freeze this year.Of those who do feel they will see their pay increased, more than nine million believe the rise will be lower than the current rate ... read more
Over 50s taking up tax free allowance
Friday, March 5th, 2010
Almost half of people aged over 50-years in the UK have subscribed to the increased tax free ISA allowance, according to Barclays bank.New figures released by the financial firm have revealed that 48 per cent of the country's over 50s have already subscribed to the new limit.Barbara-Ann King, head of ... read more
NAPF outlines three-point plan for government
Thursday, March 4th, 2010
Government proposals to alter pension taxations for high earners could be bad news for the wider pensions market.This is the view of the National Association of Pension Funds (NAPF), which has outlined a simple three-point plan for the government to avoid such problems.The organisation is calling on the government to ... read more
Less than 40 pension schemes have NAPF quality mark
Thursday, March 4th, 2010
Less than 40 British companies have had their pension schemes awarded a quality mark by the National Association of Pension Funds (NAPF), since it began handing out the honours six months ago.The mark is intended to provide a simple way for potential trustees to tell if the scheme they are ... read more
Retirees facing higher cost of living
Thursday, March 4th, 2010
Britons need to find an extra £1,222.66 to enjoy the same standard of living they had 12 months ago, it has been claimed.The figure comes from income specialist MGM Advantage, which also revealed the extra amount retirees need to raise.According to the study, people aged between 65 and 74-years need ... read more
“Savings sap” affecting Brits
Wednesday, March 3rd, 2010
Almost half of people in the UK have given money away to their adult children or grandchildren in the last year, new research has revealed.The study by Scottish Widows found that the recession has led to an increasing number of younger people turning to their parents for monetary support.However, this ... read more
Women ‘at risk’ post-retirement due to lack of planning
Wednesday, March 3rd, 2010
Fewer than two in five women work on their long-term financial plans, new research has revealed.The study, conducted by insurer Standard Life, found that only 38 per cent of women plan their finances compared to half of men.In addition, the poll revealed that women are far less likely to have ... read more
Low-earners ‘vulnerable’ in recession
Wednesday, March 3rd, 2010
Britons on low incomes are more likely to lose their jobs and suffer financial problems, it has been claimed.Sophia Parker, acting director at research and policy organisation the Resolution Foundation, said that difficult economic conditions are affecting low-earners more.Households earning less than the average have been spending almost all their ... read more
