Archive for February, 2010
Feb 20
More than two thirds of Brits who headed off to Europe for a life in the sun are returning to the UK.
UK foreign exchange experts Moneycorp have recently reported that 70% of Brits who moved to mainland Europe are now considering coming home because as the value of the Pound has plunged, so has their ability to afford mortgage payments and general living costs. Some 74% of those ex-pats living in Spain alone intend to return to the UK, according to the survey. (more…)
Feb 19
A recent Prudential survey says that women retiring this year will be living on an average pension of £234 a week, which falls two-thirds short of that of their male counterparts.
This figure has dropped by 11% on that produced by the same survey last year, whilst the figure for men has only dropped by 3%. (more…)
Feb 13
Huge numbers of people approaching retirement age – millions in fact – are heading for a worrying mix of hefty mortgages with no savings.
A report by Aviva found that 25% of ‘pre-retirees’ – those aged between 55 and 64 – have a mortgage and in 20% of those cases it exceeds £75,000. The report, which came from a study of over 1200 people, stated that 40% of pre-retirees have average savings of only £8,600, excluding pensions, and that this sum could easily be swallowed up should a household emergency occur. (more…)
