Money Saving News for June 2009
- New retirement pension solution launched by Aegon - 25th June, 2009
Financial advice and asset management firm Aegon has unveiled a new "third-way" retirement pension for over-65s requiring an income.
The variable annuity investment is aimed at retirement pension receivers or those approaching the age for giving up work and will offer guaranteed capital which can rise over time... - Consumers rein in spending on balance transfer credit cards - 25th June, 2009
Balance transfer credit card customers are being more frugal with their outgoings, according to new research by Tescocompare.com.
Nearly 50 per cent of the 2,009 credit card customers surveyed said that they had cut down spending by an average of just under £100 because of the recession, saving a yearly total of over £1,100... - Recession investments advice offered - 25th June, 2009
BlackRock, an asset management firm, has said that, while some major companies have decreased dividends during the difficult economic climate, others have boosted their offerings.
Those who rely on company dividends for a source of income have seen media reports give the impression that there are no shares to put investments into any more, but this is not the case, according to BlackRock... - Car insurance warning for 'school-run minefield' - 25th June, 2009
Car insurance holders are being warned to ensure safety is at the forefront of their minds during the school run.
Research by Sainsbury's Car Insurance has found that over one million Britons have had an accident during the school run in the last five years... - Egg announces savings accounts in the UK - 25th June, 2009
Those looking for savings accounts in the UK with a competitive interest rate may be interested in two new offerings from Egg.
The Egg Bonus Savings Account is available for those with a deposit between £1 and £1 million and comes with a rate of 2.80 per cent gross as well as a bonus 1.55 per cent for the first 12 months... - Check auto insurance before setting off abroad, says provider - 25th June, 2009
A ladies car insurance provider has raised concerns over the number of drivers heading abroad this summer without sufficient cover or knowledge of foreign road regulations.
Research by Sheilas' Wheels shows that 33 per cent of drivers heading to European countries in their vehicle think the rules of the road on the continent are the same as those in the UK - which is not the case... - Energy efficiency to reduce utility bills, says uSwitch.com - 24th June, 2009
A financial website has predicted that utility bills could cost up to £5,000 a year by 2020 if current trends are anything to go by.
uSwitch.com, which conducted the research, blamed government investment into technologies such as smart meter reading for the price hike and advised homeowners to improve the energy efficiency of their properties in an effort to cut utility bills... - Expert gives tips on how to buy shares - 24th June, 2009
A blogger at Fool.co.uk has given advice to over-50s on how to buy shares, particularly bonds and gilts.
Malcolm Wheatley said that investors who reach the age of 50 should have at least half of their portfolio made up of bonds and gilts as a "rule of thumb"... - High interest savings bonds from Yorkshire Building Society - 24th June, 2009
For those who wish to manage their bank accounts and investments online, Yorkshire Building Society has launched a new high interest savings bond range which has an entirely paperless application process.
The eBond comes with two, three and four-year options, providing a top interest rate of 4.5 per cent gross and the ability to choose between annual and monthly incomes... - Mortgage borrowers switch to fixed-rate for the best deal - 24th June, 2009
Homeowners looking to find a cheap mortgage in the current low-interest conditions are increasingly turning to fixed-rate deals, according to Legal & General.
New research by the financial firm found that almost 90 per cent of mortgage customers are now choosing fixed-rate packages, compared to 71 per cent in the first quarter of the year...