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IFAP survey paints bleak picture of singletons’ security

One in ten UK singletons are out of control of their finances while over half of UK adults refuse to cut back on spending to save more for retirement, says new research from IFA Promotions.

The research, which included a survey of 2,000 UK adults conducted during October 2005, suggests UK singletons could be fuelling the UK’s inability to save for the future. 41 per cent have already suffered a financial crisis at some point in their lives, compared to 28 per cent of married people. IFAP’s annual Get Saving! study shows that just over half of the UK adult population or 24 million people are not prepared to cut back on spending to save more for retirement, and 70 per cent claim they cannot save a penny more than they currently do.

The study also shows that people are delaying being grown up about their money as the average age of marriage for both men and women has increased to 28 and 30 respectively. The average age for buying a property has also risen to 34. This naturally impacts on our attitude towards our money as people feel they can put off settling down and being grown up about their finances.


BM urges free credit-check

BM Solutions wants the mortgage market to follow Asda’s example of paying for rejected applicants to check their credit history. The HBOS-owned lender claims the move could help generate customer loyalty and help the fight against identity theft and fraud, as customers can view all mortgage, loan and credit card applications made in their name. […]

Action on attraction

How Scottish Widows bank has re-evaluated its recruitment process

Gareth Marr steps down as ceo of Origen

Gareth Marr is stepping down as chief executive of Origen with immediate effect.Having successfully recovered from cancer last year Marr says he is reviewing his personal priorities and as such will be unable to fulfil his role of ceo.Marr was instrumental in the creation and development of Origen which brought together five Aegon-owned IFA firms […]

Rathbone IM appoints new investment director

Rathbone IM has appointed James Maltin as an investment director responsible for managing private client portfolios. Maltin joins after five years at HSBC investments where he headed up the investment trust committee. He also managed private client portfolios and trust companies in the UK and offshore. Rathbone head of investment management Richard Lanyon says: “We […]


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