Interest rates have been kept at 5.25% for this month, although there are still thoughts that rates will rise again in the next few months. But how do interest rate changes affect the average person? I’ll explain in very simple terms: When rates fall, there is less incentive for people to save their money – […]
Month: March 2007
Britons Start Pension At 28 On Average
I’m often bemoaning the lack of thought that us Brits put into our retirement here on Money Watch, so I was surprised to learn that on average, we Brits start our pensions at the age of 28. Axa’s Global Retirement Scope study said the average worker in the US started saving for old age at […]
“No Win No Fee” Finds It Way To Bank Charges
I guess it was only a matter of time until someone would try to make money from the current trend to reclaim bank charges, but the process of reclaiming fees appears to be so simple, there’s probably no need for you to get a middleman involved. From BBC News: Hundreds of people each week are […]
Banks Succumbing To People Power, But…
Over the past few weeks a couple of stories have caught my eye which have shown the strength that people power can have on large corporations (and in this case I’m talking about banks and building societies). Firstly, it’s difficult to go a single day without hearing someone talking about reclaiming bank charges – it’s […]