View more on these topics

Royal London reveals obstacles to saving

Despite Government encouragement only ten per cent of people are making provision for their financial future according to a survey by Royal London Insurance.


The survey finds that 48 per cent do not earn enough money, 20 per cent have too high lifestyle costs or too much debt, ten per cent are confused by products available and need advice from an IFA and ten per cent are not interested in saving money.


The survey also finds that 80 per cent of people who save, use bank and building society deposit and savings accounts or National Savings.


The research has encouraged Royal London to develop ISAs which place greater emphasis on the promotion of financial advice and socially inclusive savings products.

Recommended

Royal & SunAlliance links with Midshires to offer capped mortgage

Royal & SunAlliance is linking up with Birmingham Midshires to offer a capped rate mortgage.The mortgage, which is available for up to 95 per cent loan to value, is capped at 5.79 per cent until October 31 2001. The minimum loan is £35,000 and the maximum is £500,000.R&SA is offering £300 cashback and a refund […]

Threadneedle downgrades GDP forecast after profit warnings

Threadneedle is reducing its GDP growth forecast for 1999 on the basis of a series of profits warnings from a wide range of companies.It says predicting that interest rates will fall rapidly next year.Threadneedle&#39s European portfolios are increasing their exposure to domestic growth stocks and minimising exposure to companies sensitive to global economic activity.

Kent Reliance cuts mortgage rate but maintains savings rate

Kent Reliance Building Society has eased consumer interest rate fears by dropping their mortgage base rate by 0.6 per cent to 7.9 per cent.Investors will not suffer from an immediate cut because investment rates will be held until January 1 1999.Kent&#39s managing director Ian Robertson says: &#34We are passing to the consumer the benefits of […]

AITC welcomes trusts inclusion in Cat standard

The Association of Investment Trust Companies has welcomed the Government&#39s decision to include investment trusts and risk warnings within their Cat-Standard proposals issued at the start of this month.The trade association&#39s recommendation is that only 50 per cent of asset must be invested in UK or EU equity.It believes that the inclusion of risk warnings […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment