Stick or switch – current accounts
There are 54 million current accounts in the UK, and they are big business for the banks. According to research from the Alliance & Leicester, six out of ten adults have never switched their current account and 84% said they have no plans to do so over the next twelve months. The banks know that once they’ve got your custom they are likely to keep it and since you seem to be unlikely to move elsewhere, offering competitive rates for current accounts is not a priority. Read more →
Finance Identity Theft – be on guard
Research undertaken by Infosecurity Europe, has uncovered that 42 per cent of a pool of 1000 surveyed commuters in London said that criminals had stolen their personal data and used it to clear out their accounts or borrow money in their names. Read more →
Workplace pension advice – the most common questions
Pensions are far from simple, many in our industry take a certain level of knowledge for granted when delivering pension advice. Our experience is that many employees have little understanding of retirement planning and are left to make their own decisions.Findings reveal head-in-the-sand attitude towards pensions
Despite the recent strikes against cuts in public sector pensions, Aviva reports that most British people have a head-in-the-sand attitude to pensions. Aviva said that few people start “actively thinking” about pensions until they are 48 years old, and take another four years before they do anything about it. Read more →
Guaranteed Deposit Investments – too good to be true? Maybe not…
Many investors are becomingly increasingly disappointed with the return they are receiving on cash held in traditional deposit accounts. With even the best accounts only paying around 3% (before any tax liability is taken into account) savers are not even receiving a return that protects them against inflation. Read more →
Generation gap – educating the young about finance
Research by Aviva surveyed 2,000 UK consumers in July 2011, including 988 over 50s. The research looked specifically at what advice the over 50s would give younger people about their finances. Read more →
