Young encouraged to save more - Published:23/10/07
James Purnell, government minister for pension improvement, told delegates at an organization of Public Policy Research event that in the last five years the number of 20 to 29 year olds saving for departure fell from a third to a quarter"At the moment young people are drama as if they wait for to be able to fund a longer and longer retirement with less and less saving," he said"It is arresting how fast time spent in retirement is expansion In 1950, the average retirement lasted about ten existence Today it's around twenty In 2050, if we didn't increase the state retirement fund age, it would be around twenty-five existence"The government is hoping that recently announced reforms, such as auto-enrolment in retirement fund schemes - will make it easier for more populace to saveMeanwhile, the friendship of British Insurers (ABI) has launched a campaign to give confidence younger people to put more in the piggy bankThe Save More Now campaign will bring together customer groups, deal unions and other organisations to highlight the importance of putting away for the futureMoneyExpert Limited is authorised and keeping pace by the monetary Services Authority (FSA Registration No 301654) The Financial armed forces Authority does not regulate some forms of mortgage.
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Property in "excellent health" says Bank of England - Published:26/09/07
New mortgage figures point to that the UK housing market is in "excellent physical condition" the Bank of England has saidMore than 120,000 mortgages were approved in July, well above the long term monthly average of 95,000, and considerably above the recent low of 77,000 in November 2005"The housing marketplace remains in excellent physical condition, with a strong economy and investor activity fuelling demand," supposed David Stubbs, economist at the Royal Institution of Chartered Surveyors (Rics)"Rics expects UK home prices to rise by around seven per cent this day, however, first-time buyers will continue to find it firm to access the housing market as house prices rise earlier than earnings"The difficulty of getting onto the housing ladder has strengthened tenant insist in the rental marketplace, making accessibility for first time buyers prohibitive"The bank noted that the information do not include information following the 025 per cent increase in the bottom rate and the resulting increase in the cost of the best mortgage rate deals, howeverMoneyExpert Limited is authorised and keeping pace by the Financial Services Authority (FSA Registration No 301654) The monetary Services Authority does not regulate some forms of mortgage agreement, credit cards,.
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Housing market regains strength - Published:24/05/07
The housing market showed no symbol of cooling off in September after the imposing interest rate hike, with Nationwide reporting "unseasonably strong" growthSeptember's monthly price directory rose 13 per cent in September, bringing the standard price for 2006 up 82 per centThe latest price bound is the highest since February 2005 in the near the beginning months of the housing boomGroup economist Fionnuala Earley, said: "A weak scrap this time last year, when prices fell by 02 per cent, exaggerates the yearly increase, but the more new three-month-on-three-month series still shows a clear pick up in cost growth since July"The report also predicted that housing demand will stay firm, especially in buy-to-let housing where two-thirds of obtainable landlords hope to extend their portfoliosMoneyExpert incomplete is authorised and regulated by the Financial Services power (FSA Registration No 301654) The Financial Services power does not control some forms of mortgage contract, credit cards, personal.
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