Savings & Investments
Falling Inflation Is Good News For UK Savers
- Wednesday, 23 May 2012
The announcement by The Bank of England that inflation has fallen to 3.0 per cent, from 3.5 per cent in April, is a welcome boost for UK savers as 46 saving accounts now on offer beat inflation, according to MoneySupermarket.com.
Old Age Pensions
- Monday, 21 May 2012
Britain’s failing pension schemes are causing millions to turn to tax-free ISAs. A major report revealed Britain has a “hugely complex failing pension architecture”, which is “unattractive” and confusing.
Government should support the creation of new financial services products
- Tuesday, 24 April 2012
The Government must develop a financial citizenship approach to long term saving argues the International Longevity Centre – UK (ILC-UK). A new think-piece, ‘Financial Citizenship: Rethinking the state’s role in enabling individuals to save’ supported by the Friends Provident Foundation, argues that the Government’s approach to long term savings has focused on responsibilities, but not rights.
The ILC-UK argue that the UK has a chronic under-saving problem, one which has been exacerbated by the financial crisis and economic downturn. The Think Tank states that there is an urgent need for policy-makers to address this problem.
Undersaving Britain - Pensions savings are at its lowest for 10 years
- Tuesday, 03 January 2012
Only 38% of working-age people - 11.6 million out of 30.4 million people - are saving into a private pension, the lowest level in the past ten years, new analysis by the Department for Work and Pensions showed today.
This highlights exactly why automatic enrolment – introduced from October 2012 – is so critical.
The bank of mum and dad... and nan… and grandad
- Wednesday, 30 November 2011
New research from Legal & General Investments, one of the UK’s largest investment providers, reveals that more than a quarter (27%) of parents think that they will never stop financially supporting their children.
Few parents see their child’s 18th birthday as a marker of their financial independence, with only one in five (21%) believing they will stop financially supporting their children at this age. At the other end of the spectrum, some parents are keen on instilling financial independence; more than 10 percent of parents, who do not believe they can fund their children beyond 18, say it is simply no longer their responsibility.
