Personal Finance

UK and EU savings are not the problem; it is savings lying idle

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

Royal Mail privatisation: good idea? Does the private sector always work best?

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

Pensions lose money, warns study

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

Pensions: up retirement age is only fix

“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.

Actually, Mr Balls was talking about ring fencing. The government is trying to make cuts, but certain areas are protected, will...Read More

Posted Jun 10, 2013

To fund a comfortable retirement you need £616,000

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

Baby boomers not saving enough

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.

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

Posted May 23, 2013

UK pension crisis in the making: do we need to save more, work longer, or just work smarter?

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.

According to a survey from NS&I, just under a third of Britain's adults...Read More

Posted May 19, 2013

Interest-only mortgage holders need to take responsibility

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? 

That is not how it is looking so far, however.
Read More

Posted May 03, 2013

Disposable income: only London, South East and East above average

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.

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

Posted Apr 26, 2013

Venture Capital Trusts sees biggest find raising since 2005/06

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.

According to the Association of...Read More

Posted Apr 26, 2013

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