SCOTLAND’S most senior actuary will tomorrow launch a scathing attack on the way pension funds are being run, and warn that Britain’s funding crisis is significantly more serious than companies admit.
Category: Aggregator
Scotsman: Talking About A Generation Wealth Gap
IT MAY be 40 years since The Who first sang ‘My Generation’, but the 1960s hit has remained a rebel call for youth ever since. All young people hope they die before they get old, and each generation faces its own challenges and pressures.
Scotsman: ‘I Like To Get Something Back As I’m Spending’
ANNE Begley will not only be rewarded with praise and congratulations by her family when she serves up Christmas dinner for 18 this year, but by her credit card as well.
MoneyExpert: New Type Of Home Loan ‘may Grow In Popularity’
A new kind of homeowner loan designed for consumers with poor borrowing history could become increasingly popular in the UK, despite being more expensive than standard mortgages, it has been claimed.
Bad credit mortgages are aimed at people who have been rejected by major lenders due to missed repayments or CCJs.
The Council of Mortgage Lenders (CML) predicts that the popularity of these homeowner loans will rise in relation to the fact that many households are facing significant financial difficulty, sometimes through failing to compare loans and find the best rates.
“At any point in time there is a substantial minority of individuals who cannot access mainstream financial products,” states Bob Pannell, head of research and information at the CML.
“The provision of adverse credit products helps such individuals get into or sustain homeownership and in many cases gives borrowers an opportunity to re-order their finances.”
The CML is confident that bad credit mortgages will play a key “rehabilitating” role for those with short term financial problems.
With rising interest rates the number of homeowners remortgaging in the UK has dipped to its lowest level since 2001. CML figures show that remortgaging accounted for 30 per cent of the overall mortgage market in September 2006.
MoneyExpert: Clampdown On IVAs ‘could Encourage Debtors To Consider Loans’
Creditors involved in individual voluntary arrangements (IVAs) are increasingly cracking down on the amount of money set aside for emergencies, it has been claimed, which could encourage some people to take out additional loans from other sources.
Scotsman: Protect Your Mortgage Rather Than Your Valuables Is The Message
INSURING contents is vital but making sure you have a home should be top priority
Scotsman: Home Could Be Key To Flourishing Retirement
Releasing equity is often seen as a last resort but could provide a vital income for those with property but no earnings, writes CONAL GREGORY
Scotsman: Homing In On The Pitfalls Of Buying A Newly Built House
MANY prefer the ‘simplicity’ of a new house but while initial maintenance costs may be lower than for an older property, it doesn’t always go smoothly
Scotsman: Void Space Sees Empty Promise Of Cash Returns
INVESTORS intent on moving into the buy-to-let sector should mind the gap, writes CONAL GREGORY
Scotsman: Why Your Cloned Card Might Be On A Spree In Thailand
CHIP and PIN technology has helped reduce card fraud perpetrated in the UK, but criminals are taking their activities overseas as a result, the Link Interchange Network has warned.