TweetShareOlder people are at risk of becoming “hidden victims” of the credit crunch, Age Concern has warned. The charity has urged the government to include measures to help pensioners in its pre-Budget report as they are struggling to cope during the economic downturn. Fighting poverty has been highlighted by Age Concern as a key issue [...]
Archive for November, 2008
Pensioners ‘at risk’ in credit crunch
by News Team on November 21st, 2008
Parents providing ‘pocket money’ to over 25s
by News Team on November 20th, 2008
TweetShareParents 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 a home or moving house, with 46 per [...]
Brits ‘running out of money’ before payday
by News Team on November 20th, 2008
TweetShareA 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 purchases of [...]
Employees ‘should check financial cover’
by News Team on November 20th, 2008
TweetSharePeople 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, as not doing so could [...]
Overdraft rates ‘rising’ despite base rate cut
by News Team on November 20th, 2008
TweetShareOverdraft 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 Moneyfacts.co.uk Michelle Slade noted that the increased [...]
Alliance & Leicester offers finance advice
by News Team on November 19th, 2008
TweetShareAlliance & 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 excess of £1,500 for £10 [...]
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