More pensioners than ever are working into their 70s
Today, there are 1.2 million people working beyond the age of 65, according to recent figures from the Office for National Statistics (ONS). Whilst some enjoy what they do and are continuing to work out of choice rather than necessity, others feel compelled to keep working because financially they can’t afford to stop. Research from […]
Baby-boomers set to pass on a ‘wall on wealth’
A recent research study shows that Britain’s grandparents hold over £400 billion in wealth. The bulk of this wealth has arisen as a result of the continuing rise in property values. Elderly couples with homes will pass down on average property worth £400,000 to £500,000 to their offspring, with the money they leave behind set […]
What’s a university degree worth?
Each year, more and more students and their families think seriously about the financial outlay involved in taking a degree course. With several universities outlining their plans to increase their tuition fees to £9,250 a year, further education can be a considerable financial burden. Data from the Department for Education shows that graduates aged 21 […]
How to act your (investor) age
Whilst we are all aware of the age differences between the generations, we might not have thought about how our age bears any relation to our investments. However, the number of years you have left to invest can help you make the right decisions about how much and where to put your money. 20s AND […]
To buy or rent? What you need to consider
Buying your own home is a big financial decision and one you need to approach with your eyes wide open. There are many things to consider and you’ll need to weigh up the pros and cons carefully before opting to become a homeowner. RENTING GIVES YOU FLEXIBILITY, BUT YOU PAY FOR IT Renting your home […]
Wills and power of attorney- Don’t leave it too late
Statistics from the Alzheimer’s Society show that there are around 850,000 people living with dementia and the number is expected to rise to over one million by 2025. Charities that care for the elderly advise everyone to plan for a time when they might not have the mental capacity needed to handle their own financial […]
Interest-only mortgages under investigation by the FCA
The Financial Conduct Authority (FCA) has announced that it will investigate mortgage lenders with borrowers on their books who have interest-only mortgages to ensure that they are being treated fairly. The FCA says that 1.8 million UK home owners have this type of mortgage (excluding buy-to-let) and many loans are due to be repaid over […]
Half of UK families couldn’t survive a month on their savings if ill health struck
A recent report from Aviva1 shows that 24% of UK families would have no savings to fall back on if ill health were to strike and almost half couldn’t survive financially for a month. It’s a sad fact of life that a major illness can strike at any time. Figures for the UK show more […]
With 11 buyers for every home, how can you get ahead in the race?
Figures from the National Association of Estate Agents confirm that housing demand remains extremely high, with an astonishing 11 buyers chasing every property on the market. Whether you’re a first-time buyer, second-stepper or a last-time mover looking for a property, with a shortage of houses for sale you’re likely to face some stiff competition. So […]
Why being bad at maths could cost you money
Getting your numbers wrong when working out how much home insurance cover you need could prove to be a costly mistake that could have serious consequences. If you don’t check your home contents sum insured on a regular basis, then you could find that if you need to make a claim you are underinsured. If […]