Money Saving News for March 2009
- Baby boomers 'failing to adapt retirement pensions to new realities' - 17th March, 2009
Many people in the UK may are failing to review their retirement pension situation in spite of the impact of the current financial crisis on many personal pension plans.
According to research released by The Hartford, nearly two-thirds of baby boomers - those aged 45 and over - have not reviewed their retirement pension plans in spite of the credit crunch and the ongoing instability affecting many markets... - Credit crunch has reduced inheritance, say Brits - 17th March, 2009
As the value of many property and capital investments continues to fall, many people in the UK are predicting that the inheritance they leave to their children will be much smaller than they initially anticipated.
Research by the Lincoln Financial Group has revealed that around 16 million Brits believed the recession has reduced the total value of the wealth they intend to leave to their families... - Fixed-rate bonds 'bouncing back' - 17th March, 2009
With many savings accounts in the UK currently offering relatively low interest rates, savers could be forgiven for looking around for alternative ways to save.
Research by moneysupermarket.com suggests that fixed-rate bonds may offer one of the best ways to do this, as interest rates on the products are beginning to rise compared to the base rate... - Sir Alan Sugar helps out with 'financial health checks' - 16th March, 2009
UK savings account provider National Savings and Investments (NS&I) have drafted in Sir Alan Sugar to help them launch a new campaign designed to persuade Brits to review their finances.
The star of the popular TV series the Apprentice will help NS&I launch The Five Questions campaign, which hopes to get people in the UK thinking about their financial situation... - Friends Provident: Brits gloomy about retirement pension prospects - 16th March, 2009
Friends Provident has published research which reveals that many people in the UK are pessimistic about whether their personal pension plans will be enough to live off in retirement.
Nearly two-thirds of the people who responded to Friends Provident's survey claimed that they are worried that their retirement pensions will not provide enough for them to live comfortably... - Credit crunch 'will cause retirement pensions shortfall' - 16th March, 2009
The credit crunch has left many people in the UK predicting that they will receive less money than expected from their retirement pensions.
Personal pension plan provider Prudential has conducted a survey which reveals that the 3.25 million adults who are expecting to retire this year are predicting that they will be £2.87 billion worse off that those who retired last year... - Retirement pensions preferences 'change with age' - 16th March, 2009
Retirement pensions become increasingly attractive to employees as they get older, according to new research.
Friends Provident, an annuity and pensions advice provider, conducted a survey which reveals that more than one-third of employees over the age of 50 would prefer an employer to pay pension contributions instead of receiving an annual bonus... - LV= pays out £46m to insurance customers - 16th March, 2009
LV= has revealed that it made payments worth £46 million in total to its life insurance policy holders last year.
The figures, which include £8.4 million worth of critical illness claims for those with permanent health insurance policies, show an increase on the number of accepted claims on the previous year... - 'Sandwich generation' spends £5.9bn a year - 13th March, 2009
Retirement pensions can make the difference between an adults' child becoming part of the financially pressured sandwich generation and being able to live comfortably, research by LV= has suggested.
The pensions advice and life insurance provider has calculated that around one in 20 adults in the UK is currently having to help meet the cost of caring for their parents, while also supporting their own children over the age of 18... - ISA savings account plan hatched by Egg - 13th March, 2009
Egg Money has hatched a plan to launch a brand new online ISA savings account, it has emerged.
Savings account customers in the UK rate the ease of access as one of their top priorities when opening ISA savings accounts, according to research conducted by Egg, so it has launched an account which can be set up online "in minutes"...