UK personal debt just keeps rising

“The only sure things are death and taxes” – or words to that effect – might be quite accurate, but for most adults in the civilized world another sure thing could be added, and that is debt. Most of us owe a little or a lot of money at some point in our lives, and that’s perfectly acceptable up to a point.

According to the UK

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More than half of the over 40’s have no life insurance

Research conducted in Great Britain states that more than half of the total British population with ages of 40 and above have no insurances to cover for the surviving partner’s income, in case they die. Out of these, women aged 40 and above are more prone to entirely depend on the income of their partners at retirement, with 20%, while the rate for men doing

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Card fraud at its highest since 2009

According to figures released by Financial Fraud Action, card fraud has hit its highest half year record since 2009 with £216 million having been lost through credit and debit cards from Jan-June 2013. This year’s figure is 17% higher than what was recorded in same period in 2012.

The 3 million people who fall victim to different scams every year is just a representation of what

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Millions of pounds in retirement income wasted each year

Pensioners should benefit from a new Annuity Window that was opened up last week as part of a new initiative. The ABI (Association of British Insurers) opened up a new annuity window that will allow consumers to be more hands-on and informed about how they can tap into their pension pot in order to buy an annuity which is a better way to make sure

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Devaluation of the pound means holidays costlier this year than last

The devaluation of the pound against other currencies of the world, especially the ones which are used in the popular tourist destinations, could mean hard times for the holidaymakers. These destinations in Europe, Thailand and the Caribbean that are frequented by British tourists will be costlier for them to visit as a result and overall sterling has taken a dip in exchange value against nearly

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The Fry Group launch first free finance app for smartphones

The Fry Group launch first free finance app for smartphones

It has been noted that many clients would be more than happy if they had the ability to access news and financial tools from their smartphones and other mobile devices. With this in mind The Fry Group, a specialist financial adviser, has just announced the launch of their first free app that will include a

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Five UK cities where it is cheaper to rent than buy

The housing market is causing increasing frustration in that there are so many who don’t meet the criteria to qualify for a mortgage so are forced to enter the rental market which is costing them a small fortune.

According to recent research from Zoopla.co.uk, the property website, tenants are now paying an average of 14% more by renting when compared to those with a mortgage. To

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Personal finance instruction to become part of the National Curriculum

Earlier this month, it was decided that it would be mandatory to have a personal finance instruction all through the school system starting next year, with the NSFL (National Strategy for Financial Literacy), the public sector presidential commissions, and private sector trying to look for the best solution.

This important development was not welcome in other countries such as the US whose government has been unable

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Business mobile payment service set for the UK in 2014

Due to the agreement of banking and funding associations that embodies 90% of the present accounts; UK’s first business-wide mobile payment service will be launched in the spring of 2014. At present, eight finance groups already gave their word to cater the service, which will be done without disclosing the users’ account information. More discussions and meeting are being held in order to encourage others

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Retirement income to fall to a 6 year low according to the Prudential

According to the latest research from the Prudential, the expected retirement income for pensioners has fallen for the second year in succession. The 6th annual Class of 2013 Study from the leading insurers , which tracks the future aspirations and plans of those entering retirement, has found that those who are retiring during 2013 can expect an average income of around £15,300 a year, a

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