Many adults may be overestimating what they will receive in retirement, a study has found. Insurance company Aviva polled 2,030 people and found 25% are relying on discounts and subsidies to make their retirement more affordable. Furthermore, 23% said they had a good...
Businesses that failed to pay staff the national minimum wage have been forced to pay back more than £2 million in unpaid salary. In addition to paying workers back money they owed, 233 employers on the government’s ‘named and shamed’ list were fined...
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...
