View more on these topics

Britons hiding cash from partners

Britons are hiding £6 billion from their partners, with 61 per cent of people admiting to hoarding cash from partners,according to a new study from Abbey National&#39s internet bank Cahoot.

Reasons for the hidden cash are not always sinister and range from personal treats such as clothes and nights out to emergencies including job loss and divorce. Women are more likely to keep a secret stash than men with 69 per cent of women hiding funds from their partner compared to 53 per cent of men.

Cahoot head of brand marketing and acquisition Deborah Cutlersays: &#34Finances have played a pivotal role in this area and people have always been cagey about their cash. Six billion pounds being stashed away is both surprising and a definite sign that people are taking care of their finances and &#39insuring&#39 themselves against the worst.&#34


&#39Educate public on offset loans&#39

Borrowers with expensive unsecured loans should use offset mortgages to reduce the cost of their borrowings, says market research firm NOP Financial.In the CML&#39s Housing Finance journal, it argues that the marketing of offset has focused on the benefits of offsetting savings against the mortgage to reduce the amount of interest paid. But it points […]

&#39Closet trackers costing £125m in excess fees&#39

UK equity investors could be throwing away up to £125m a year in excess management fees by investing in closet tracker funds, according to Legal & General.L&G&#39s research has found that UK retail investors have around £50bn in actively managed funds with annual management fees of at least 1 per cent.It claims many of these […]

Burden retires from C&G after 34 years

Cheltenham & Gloucester managing director Roger Burden is to retire at the end of April after 34 years at the company.He will be replaced by Jon Pain, who is currently MD at LloydsTSB&#39s general insurance arm. Burden, who was appointed MD in 1997, grew C&G&#39s assets to £58bn at the end of last year from […]

Moody&#39s looks at downgrading Scottish Mutual and Scottish Provident

Moody&#39s is reviewing its ratings of Scottish Mutual and Scottish Provident with the possibility of downgrading them. The announcement by the ratings agency follows it decision to review parent company Abbey National also for a possible downgrade. Moody&#39s says it believes support from the parent company could be reduced and that ScotMut and ScotProv has […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm