It is kind of assumed that savings are good, debt is bad. If that is so, then there has been good news from the EU and bad news from the UK. In the EU savings ratios are rising, according to recent data, while in the UK they are falling. So...Read More
This may come as a shock. But apparently there used to be a system in the UK where if you wanted to send a message to someone, you wrote it down on a piece of paper, put the paper in a flat paper bag known as an envelope, stuck an...Read More
Posted Jul 11, 2013
As you know, we are ageing. We are all literally ageing, of course; there are no real life Benjamin Buttons out there. But as a country and as an economy we are ageing too, and that means there could be a pension problem in the future. The solution is obvious....Read More
Posted Jun 25, 2013
“The elderly are more likely to vote than the young.” That was what CityAM said this morning, in response to Ed Balls’ idea of increasing the retirement age.
Posted Jun 10, 2013
Actually, Mr Balls was talking about ring fencing. The government is trying to make cuts, but certain areas are protected, will...Read More
So how comfortable will you be when you retire? Are you planning to live off the equity in your home, or sell your business? According to Towry, in order to achieve an annuity paying out £25,783.87 after tax, a non-smoking male looking to take his annuity from age 65 would...Read More
Posted May 31, 2013
Let's hope you are sitting down because this may come as a shock. It turns out that a lot of Brits are not saving enough.
Posted May 23, 2013
According to Prudential: “One in seven (14 per cent) people planning to retire this year will depend on the State Pension as they have...Read More
According to data from the ONS, the number of people aged 65 or over in employment has risen from 890,000 in the first quarter of 2012 to just under a million in Q1 of this year.
Posted May 19, 2013
According to a survey from NS&I, just under a third of Britain's adults...Read More
Yesterday it was told here, how interest-only mortgages are in the firing line. It was speculated that this may yet prove to be the next scandal to rock banks. See: Is interest only the next big scandal?
Posted May 03, 2013
That is not how it is looking so far, however.
How much money do you have left after tax, and benefits? If it was more than £16,034 in 2011, then you are above average.
Posted Apr 26, 2013
Mind you, it does depend on where you live.
London disposable income was on average £20,509. It was £18,087 in the South East and...Read More
It was the best year since the heady day of the mid-noughties for the venture capital business. At least it was the best year for Venture Capital Trusts (VCTS), which is not necessarily the same thing, although it should be a pretty good guide.
Posted Apr 26, 2013
According to the Association of...Read More