Debt Related News
Two-thirds ?fear their pensions will be insufficient?
9 Mar 2010 at 6:07am
Around two-thirds of people are concerned their pension will be insufficient to fund their retirement, meaning they could fall into debt, research has suggested.
Figures collated by the National Association of Pension Funds show that only 34 per cent of people believe they will be able to cope fi...
Women ?are not contributing to their pensions?
8 Mar 2010 at 5:54am
Women could be running the risk of debt in retirement by not contributing to their personal pensions, an industry expert has warned.
Laura Goodman, director of corporate communications at Rockingham Retirement, said that there is a distinct gender gap when it comes to saving for life after work.
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The government ?has to cut credit card rates to ease debt?
8 Mar 2010 at 5:54am
Credit card rates need to be slashed by the government to help people struggling with debt and to aid the revival of the economy, an industry expert has suggested.
Peter Gerrard, from Moneyextra.com, said that blame for high credit debt statistics should not be diverted from the Bank of England, ...
Men experiencing higher levels of bankruptcy and IVAs, research suggests
8 Mar 2010 at 2:06am
There are higher levels of bankruptcy and Individual Voluntary Arrangements (IVA) for men than there are for women, figures show.
Statistics released by the Consumer Credit Counselling Service (CCCS) indicate that of its IVA recommendations last year, 55.4 per cent were for males and of the peopl...
Don?t rely on state benefits when ill, mothers are told
5 Mar 2010 at 3:35am
Women could be risking debt if their only plan to survive if they become ill is to rely on state benefits, a life insurance specialist has warned.
LifeSearch, speaking before the upcoming Mothers Day celebration, has suggested most women have underestimated the amount of money they will receive f...
Many borrowers ?are unsure of their mortgage rates?
5 Mar 2010 at 1:59am
People may have to become more vigilant about their finances to avoid debt, as at least three million borrowers do not know the interest they are paying on their mortgage.
Almost 30 per cent of those who have accepted loans to pay for their housing are unsure of the repayment details, research fr...
Debt fears as ?new generation of financially excluded? emerge
4 Mar 2010 at 10:56am
The creation of a “new generation” of financially hindered people could lead to increased debt problems, an industry expert has suggested.
Teresa Perchard, director of policy at Citizens Advice, warned that the recession had resulted in a group of people unable to cope financially.
She cited ris...
People ?have been saving less this winter?
4 Mar 2010 at 4:50am
Savings levels in Britain have significantly dropped this winter, suggesting people could be flirting with debt, a study has shown.
According to NS&I’s Savings Survey, the population is putting aside less money than it has for the previous two years.
Average savings now stand at £81.94 per month ...
Debt worries for retired couples as cost of living increases
3 Mar 2010 at 11:11am
Retired couples could face debt troubles as the cost of living has dramatically increased, a study suggests.
Research carried out by MGM Advantage has shown that people aged between 65 and 74 would have to locate an extra £774.70 a year to maintain the quality of life they enjoyed 12 months previ...
The government promises to help people save money
3 Mar 2010 at 6:24am
A labour MP has said that the government will be taking measures to build a more responsible financial framework to help people from slipping into debt.
Helen Goodman, the secretary of state at the Department for Work and Pensions, was speaking at the Northern Money Conference 2010 at the Contemp...
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