Almost 3 in 10 parents are forced to remortgage their homes, due to a lack of financial planning for a growing generation of Yuckies (Young Unwitting Costly Kids), according to a new report from The Children’s Mutual. These are the parents of the ‘Babygloomers’ generation.
Posts Tagged ‘Financial Planning’
Babygloomers botched financial planning for their Yuckies
Wednesday, February 17th, 2010Pensions plummet 70% since 2000
Wednesday, February 10th, 2010A pensions saver who contributed £100 per month to their pension pot over 20 years would have achieved a retirement income of £9,000 per year, if they had retired in 2000. The same pensioner retiring on 20 years’ savings today would have an annual income of just £2,500, a drop of 70% over the decade.
Parents fail to act on need for life assurance and financial planning
Tuesday, February 9th, 2010Parents in Ireland urgently need to review their family financial planning, especially with regard to life insurance cover to protect their family and their lifestyle, according to a new report from Aviva.
In Ireland, 59% of adults and 42% of parents have no life assurance cover whatsoever, and 80% of adults ‘do not worry’ about the level [...]
Consumers demand independent financial advice on pensions, savings and investments
Thursday, February 4th, 2010Consumers draw most on quality independent financial advice when setting up or re-investing their pensions, or managing savings and investments, new data shows.
Family Financial Planning: University for your new baby could cost £64,000
Friday, January 29th, 2010
The cost of sending a child born this year for a 3-year course at university in 2028 is likely to top £64,000. University costs have already reached £42,000 in 2010, and are rising every year. To manage such a substantial challenge, forward thinking and family financial planning are crucial.
Householders with credit cards forced to make mortgage repayments ‘on the plastic’
Tuesday, January 12th, 2010More than 1m householders have had to use a credit card for rent payments or mortgage repayments in the last 12 months, according to the data published today by housing charity Shelter.
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PAST PERFORMANCE IS NOT A GUIDE TO FUTURE RETURNS & INVESTMENT RETURNS MAY FALL AS WELL AS RISE - Risk Profile must be clarified before proceeding with any investment advice. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. We offer the option to pay for mortgage advice by way of a fee. This may vary depending on circumstances but is typically £500, contact us to discuss your remortgage and mortgage options with one of our mortgage brokers.