Nov 21
The accolade of Best Financial Adviser has been awarded to Bower Retirement Services at the Equity Release Awards 2009.
The Awards, the most important in the Equity Release industry, were sponsored by Liverpool Victoria Friendly Society (LV) and Safe Home Income Plans (SHIP) amongst others and recognised those who offer the very best equity release advice and products. (more…)
Nov 18
A recent survey shows that two thirds of first time buyers believe they are missing out on getting a foot on the increasingly elusive property ladder due to being unable to raise the necessary deposit.
The Miller Homes survey of 3,000 prospective first time buyers found almost a third believed they had a five year savings stint ahead of them; that one in ten had been saving for over five years and still didn’t have what they needed; and that over 30% didn’t have any savings at all to use as a deposit. Interestingly, a quarter of respondents in the survey said they would ask for help from a relative to raise the cash they needed. (more…)
Nov 15
Substantial concern this month in light of the announcement that the Pension Protection Fund is running an annual deficit of £1.23 billion, a staggering £517 million up from last year.
The government’s Pension Protection Fund – their ‘pension life raft’ – was set up to help members of failed pension schemes, but the significant rise in failed schemes and the spiralling financial burden taken on board by the Fund were not foreseen, leaving the life raft crying out for its own rescue party. (more…)
Nov 05
It has recently been suggested that ‘pension poverty’ is likely to increase, as new research by AXA reveals some 64% of workers plan to rely on the state pension when they retire and the number of workers opting into occupational pension schemes falls. (more…)
Nov 05
A recent warning from housing and homelessness charity Shelter urges homeowners facing financial difficulties and struggling to fight off repossession to beware of sale and rent back schemes. (more…)
