From an article on 11th October 2016 A single financial guidance service, delivering debt advice, budgeting and pension guidance will be set up by the government. The Money Advice Service will be abolished (as announced at Budget 2016) and the Pensions Advice Service...
From an article on 13th October 2016 The pension reforms introduced by former chancellor George Osborne will cost an estimated £5 billion to the UK economy and contribute to rising house prices, according to the Office of Budget Responsibility (OBR). The report looked...
An article from the 13th October 2016 Almost a third of people over the age of 50 are dealing with financial debt, repaying an average of £12,000. Saga Personal Finance’s survey of 1000 people aged over 50 found that 29%, or 6 million, are currently repaying debts in...
An article from the 3rd October 2016 Workers earning the national minimum wage (NMW) have received a pay rise as of 1 October 2016. 270,000 workers aged 21 – 24 earning the NMW have seen their hourly wage rise by 25p an hour to £6.95. Those working 35 hours a week...
Saving towards a new home is 3 times more important than saving for a pension for under-35s, according to research by Nottingham Mortgage Services. 25% of the over 1000 adults surveyed said that their top priority is raising funds towards buying their first property...
