DEBT & FINANCE NEWS
Parents providing ?pocket money? to over 25s
20 Nov 2008 at 11:54am
Parents are still providing offspring over 25 with financial assistance, new research has found.
Data from Engage Mutual revealed that 31 per cent of parents surveyed were helping their children with money as they struggle to become financially independent.
Much of this aid was related to buying ...
Brits ?running out of money? before payday
20 Nov 2008 at 11:54am
A fall in disposable income has resulted in two-thirds of Britons running out of money before payday, Abbey has found.
Research by the lender found that disposable income has fallen 29 per cent over the last two years, meaning 64 per cent of the population has had to cut back on socialising or pu...
Employees ?should check financial cover?
20 Nov 2008 at 11:53am
People need to ensure they have adequate finance in place should they need to take time off work, it has been claimed.
A spokesperson for insurance firm LV= explained that employees need to check with their employer what financial cover they would receive should they be away from the workplace, a...
Overdraft rates ?rising? despite base rate cut
20 Nov 2008 at 11:53am
Overdraft rates are on the increase despite the base rate cut earlier this month, new figures have suggested.
According to data from Moneyfacts.co.uk, Yorkshire Bank and Clydesdale Bank have increased their overdraft interest rates by as much as 7.31 per cent over the last 12 months.
Analyst for ...
Alliance Leicester offers finance advice
19 Nov 2008 at 12:27pm
Alliance #038; Leicester has issued advice to the over 50s who are looking to make better use of their money during the current financial crisis.
The bank is promoting its Premier 50 account, which gives holders a high rate of interest along with health and travel insurance benefits worth in exce...
?Seek professional advice? regarding retirement finance
19 Nov 2008 at 12:27pm
Providing for daily necessities such as shelter and basic needs is the most important financial concern for those aged 45 and over, new research has revealed.
The survey, conducted by Hartford, shows that 58 per cent of respondents feel keeping up with daily expenses is most important, with enjoy...
Scottish government launches debt advice campaign
19 Nov 2008 at 12:26pm
A new campaign to help deal with debt problems has been launched by the Scottish government.
Launching this week, the awareness scheme is being led by the Money Advice Trust and will provide free, independent guidance to those looking to improve their financial situation, possibly through the use...
Britons ?missing out? on financial aid
19 Nov 2008 at 12:25pm
Much of the UK#8217;s population is unaware of the financial assistance that may be available to them, one finance company has stated.
According to LV=, recent changes to the Welfare Reform Act mean people could receive financial aid if they are unable to work for long periods of time.
The news c...
Lenders implement interest rate cuts
18 Nov 2008 at 1:04pm
The recent interest rate cut has prompted 24 savings providers to cut their rates, with 14 implementing a reduction of between 1.5 and 2.55 per cent, Uswitch.com has found.
Lloyds TSB, Capital One Savings and Irish Nationwide are among the lenders who have reduced their rates, which is likely to ...
Men ?bigger spenders? than women
18 Nov 2008 at 1:02pm
Men are likely to spend more than women when shopping, according to one personal finance website.
David Kuo of Fool.co.uk stated that although men shop less frequently than their female counterparts, they are more likely to pay over the odds for a product as they are not as good as spotting barga...
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