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UK insurance giant Prudential have revealed that those retiring in 2012 can expect to live on an annual income of £15,500, which is £1000 less, or 6% lower, than those who started their retirement in 2011. These figures come courtesy of Prudential’s Unique Class of 2012 research, which provides a financial insight into the financial [...]  Driving is becoming an increasingly expensive way to get around and people find that one of the major expenses is the annual car insurance premium. Most people will find that even if they are the perfect driver with a clean record that the price of insurance still goes up. Next year women are going to [...] More and more people all over the world are deciding to turn to energy systems that are homemade and produce renewable energy such as wind and solar power in order to save on their utility bills. These are great sources of energy and will save the user a great deal of money over the long [...] Recent savings research shows that south west London residents from the borough of Richmond have £30,000 in average savings while in Aberdeen they have an average of £26,000. There are other areas such as Edinburgh and Putney that have residents with savings of £20,000 or more according to the report from Halifax. The South East and [...] An ISA (individual savings account) is simply that: a savings account on which you do not have to pay tax on the interest your money earns, currently to £5,100 in one year. Possibly the best rates on the market at present are offered by Northern Rock with three new issues of fixed rate cash ISA’s. [...] Northern Rock is introducing new savings plans for depositors who want to have the ability to access their funds without losing the benefits of yield from interest. Save Up is a postal savings account that lets the depositor have access to his or her funds notice and fee free one time per month. Access after that [...] Irish banks are in serious financial trouble and so could the more than 2 million UK consumers who save with them. Ireland’s three largest banks, Bank of Ireland, Allied Irish Bank, and Anglo Irish Bank are holding billions of pounds of UK money. If the EU will not provide a bail out, some of these three [...] Savings are falling at an average of £100 each month, according to a recent report. Britons are dipping into their savings accounts to help with everyday expenses and things like buying for back to school. Price increases on items like food, gas, and the other general expenses of living in combination with stalled growth and wages [...] The Electrical Contractors’ Association (ECA) has published its Energy Saving Guide. The guide includes a series of money and energy saving ideas which, it is claimed, could potentially can save households £400 a year. Here are the four simple steps put forward for energy saving by the ECA: 1. Install energy saving light bulbs – These are cheap [...] As of 1700 BST 24 May, the 100 percent guarantee on funds in Northern Rock bank has been removed. Those with accounts at the bank will have their funds guaranteed up to a maximum of £50,000 per person, just like all the other banking institutions in the U.K that are regulated by the FSA. The guarantee [...] |
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