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Lifetime ISAs will force young people to work ’til they drop, says ex-pensions minister

18 March 2016

Pensions Retirement Retirement Planning Savings Rates

The new ‘lifetime ISA’ could force young people to work until they drop, the former pensions minister has warned.   Steve Webb, who was pensions minister under the Conservative-Lib Dem coalition but now works for insurer Royal London, has criticised lifetime ISAs, which were announced in the Budget this week   Lifetime ISAs, which some […]

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Banking fraud rockets as losses total £755m last year

18 March 2016

Fraud Personal Finance Trending News

There has been a dramatic rise in the number of banking fraud losses as criminals target personal and business account customers.   Figures from the Financial Fraud Action UK reveal total losses for remote banking fraud leaped 72% last year to £168.6 million and internet banking fraud looses were up 64% to £133.5 million. Telephone […]

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Berkeley a ‘buy’ as strong housing market keeps it on track

18 March 2016

Shares

A strong property market means housebuilder Berkeley expects its full year results to be at the top end of expectations.   The company expects to deliver £2 billion of profits over the next three years and to pay a 100p dividend in September, as its Q3 trading update shows it’s on track to meet expectations. […]

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Spring spruce up: Britons to spend £3,000 each on home renovations

18 March 2016

Personal Finance Property

Home refurbishments are top of the list as the seasons change with the average household set to spend £3,404 on sprucing up their home.   Research by American Express has found the advent of spring and the long Easter weekend have homeowners putting plans in place to renovate their homes.   Britons will spend on […]

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17,000 elderly motorists lost their licence last year

18 March 2016

Personal Finance Trending News

In the past year 17,000 over-70s have had their driving licences revoked and half of motorists think elderly people should be made to retake their test every three years.   A Freedom of Information request by Confused.com has revealed that in the past year alone, 17,000 people aged over-70 have had their licence revoked or […]

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How to invest in stocks and shares for the first time

18 March 2016

Investing for Growth Investing for Income Investing Strategy Shares

Tipping your toe into the world of stocks and shares can be daunting; here’s four things you need to look out for when investing for the first time.   The Share Centre head of investment research Andy Parsons said everyone, bar those who are set to inherit a fortune, has to make their money work […]

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Pension vs Lifetime ISA: “The economic case for the latter is strong”

17 March 2016

Pensions Retirement Retirement Planning

With debate on-going around whether the Lifetime ISA (LISA) will prove popular or lead to the death of pensions, Richard Parkin head of pensions at Fidelity International has crunched some numbers and argues that while time will tell on popularity, the economic case for saving in a LISA, is pretty strong…. Suggestions that the LISA […]

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Cases of malicious car damage spike by a sharp 15%

17 March 2016

News Personal Finance

Motor insurance claims for so-called malicious damage jumped 15% last year, according to data from the Co-operative Insurance. Since 2011 the firm had seen a 65% drop in the number of motor claims it received which were classed as being malicious damage, however between 2014 and 2015 this figure began to rise. An upward month […]

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More than a third of Britons under 35 have no savings at all

17 March 2016

Debt Monetary Trends Savings Savings Rates Your Money

More than a quarter of Britons have no savings whatsoever, with this rising to 37% for those aged 18-34, according to research from Sunlife. The study, which looked at the savings habits of 3,388 households, also found that the majority of 18-34s with no savings, said it is because they do not have any spare […]

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Neil Woodford on Budget 2016: “Politically astute but that’s all”

17 March 2016

Economy Personal Finance Your Money

Star manager of the CF Woodford Equity Income fund, Neil Woodford, gives his view on George Osborne’s latest Budget… Budgets these days seem to be more about politics than economics and this one was no different. The outlook for the UK economy is neither better nor worse following yesterday’s Budget. What we did learn is that […]

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