The recession has taken its toll on the mindset of Britain’s savers, with saving for emergencies now top priority in their financial planning, according to National Savings & Investments (NS&I).
While retirement saving was top priority three years ago, pension planning has now dropped into 4th place in autumn 2009, as savers seek to squirrel cash away for a rainy day, according to the Autumn 2009 Quarterly Savings Survey by National Savings & Investments.
Fiery opposites attract, when it comes to money, according to a new study from the Wharton business school at the University of Pennsylvania.  “Fatal (Fiscal) Attraction: Spendthrifts and Tightwads in Marriage†claims that people tend to marry spouses with opposing emotional reactions toward spending. People judge the cost of an item or outgoing in emotional [...]
A new report indicates that users of savings and investment products need a deeper understanding of how risk can be managed in stock market investments. The insurance company MetLife has revealed that the recent fluctuations in stock markets have considerably unsettled almost half of all savers. Of those with cash invested in stock markets, 47% [...]
The Christmas season is ‘rush hour’ for internet shopping, but internet fraudsters are cashing in with some brand new online scams.
This year’s latest innovations include ‘copycat’ websites that seek to imitate the online stores of some of the largest retail chains. There are currently at least 10 bogus ‘Littlewoods’ websites, and several fake websites operating from China that resemble the online shop of UK clothing retailer Abercrombie & Fitch.
Are you saving for your children’s future? Over a quarter of UK parents are not, according to new research published this week by Abbey Savings*.
Following Ethical Investment Week (8th - 14th Nov), ethical market research specialist Eiris has highlighted a number of new ethical funds offering positive ethical investment opportunities, rather than ones which simply avoid the ‘sin’ industries. One product is a vaccine bond, issued this year by the International Finance Industry for Immunisation, which funds the purchase of vaccines for [...]
Thousands of pensioners who have overpaid tax on their savings and investments are entitled to reclaim overpayments, and have their interest paid gross in the future, according to an announcement this week by the Revenue (HMRC). Non-taxpayers, including the vast majority of pensioners receiving Pension Credit, are currently taxed on interest in their bank or building [...]
Over one in five (22%) of UK stock market investors admit they never review their fund investments to check on performance, according to new research conducted by Prudential. Over two-thirds (65%) of UK adults rely on internet searches or newspaper articles when selecting where to place their savings, instead of seeking the help of a professional [...]
A new survey of users of retail financial services by the business consultants Deloitte reveals that regular contact a;nd personal financial advice, carry more weight than following the best interest deals. In a survey of 2000 adults, Deloitte found that 66% of people bank where they know they can rely on personal service, compared with [...]
