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First-time buyers 60 per cent worse off than parents

The ratio of house price to income has risen by an average of 60 per cent in the UK between 1970 and today with London, East Anglia and the South West having the highest ratios.

The research from Alliance Trust found that Scotland and North England have the lowest ratios while London is the least affordable region for first-time buyers with house prices 4.4 times income compared with 2.6 times income in 1970.

The region where house prices rose most over the 35 year period was London where they climbed 3,432 per cent followed by the South West which was up 3,427 per cent.

Alliance Trust Research Centre head Shona Dobbie says: “There are knock-on effects from the pressure on first-time buyers, such as the time now needed to build up a larger deposit. With so much time now being spent focusing on saving for a house and paying it off, people are putting off retirement saving for even longer.”


Skandia set to offer income drawdown on protected rights

Skandia says offering income drawdown on protected rights is its top priority after the firm came under fire for not offering the facility. In August, Richard Jacobs Pension & Trustee Services director Richard Jacobs promised to name and shame providers he accused of failing to offer the full range of post-A-Day products. Jacobs says he […]

Threesixty warns over ‘Catch 22’ of fund manager e-commerce

threesixty is warning IFAs they might be caught in a catch 22 over the e-commerce capabilities of fund managers.The support service provider says the industry is at risk of a ‘Catch 22’ situation, where IFAs are unable to transact electronically because fund management companies have not developed their proposition sufficiently. Conversely, fund management companies do […]

Form of defence

For the next Adviser Fund Index rebalancing on November 1, 2006, panellists are concentrating on both risk levels and individual fund performance. Ben Willis, investment manager and head of research at Whitechurch Securities, has made a number of fund changes in his AFI portfolios, each relating to risk. In the cautious portfolio, Willis is moving […]


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