New research by Scottish Widows suggests that 45% of workers are not saving enough for their retirement. What is most surprising is that this trend does not appear to be linked to a worker’s salary / income, but more towards their personality and their attitudes to saving – in the report, a third of those […]
Month: June 2005
Bankruptcy Amongst Young Rising
The number of under-30s filing for bankruptcy has nearly doubled over the last couple of years, according to accountancy firm PricewaterhouseCoopers. An article over at the BBC shows that of all bankruptcies, 15% were accounted for by the younger generation, and that a growing number of women are being declared bankrupt.
Interest Rates Unchanged
Unsurprisingly, interest rates have been held at 4.75% for the 10th month in a row. The decision by the Bank of England’s Monetary Policy Committee to keep them the same was made due to a slow down in consumer spending and a fall in house prices compared to April. Commentators are speculating that if the […]
Tracker Funds Out-Performing Managed Funds
I’ve never been a big fan of tracker funds. I think this is probably because I see them as being a bit dull, and also they seem to lack the “character” that a traditional fund manager might give to a fund. I guess I also perceived them as being “cheap and cheerful”, funds for those […]
Pension Calculator
The ABI Pension Calculator estimates how much of a pension you can expect given the amounts you are regularly saving into your pension.
Bleak Financial Future For Graduates
Students were previously seen as sponging layabouts, scrounging from the state and wasting it all on beer and nights-out (I can get away with saying that as I’ve been one!). But it seems that now they face a very uncertain financial future, with graduate incomes falling in relation to non-graduates, rising post-university debt and the growing struggle to get onto the property ladder.
Women ‘Make Better Investors’
According to recent research, women consistently outperform men when it comes to investing in shares. The research, undertaken by the finance website Digital Look, showed that the average female share portfolio grew by 17% in the year to May 27th, compared with an average of 11% for men. Research in previous years has shown similar […]
Why New Breaks For First Time Buyers Won’t Work
In another depressing read for us first-time buyers looking to get onto the property ladder, Peter Temple of Interactive Investor has written an interesting article on the reasons why recently proposed ideas for helping first-time buyers are unlikely to work. Two proposed ideas: Build lots of new houses (it’s just a question of supply and […]
Fall In Earnings For Degree Holders
The difference in earnings between those with degrees and those without is much lower than it used to be.
New Website Devoted To Saving For Children
Interactive Investor has launched a new site aimed at providing information on saving for children. The site, Saving For Children .co.uk, covers several important areas of providing financial support for your children