Nationwide: Savings reform needed - Published:21/12/07
Inequality in children's savings should be tackled to create it fairer to those who do not meet the criteria for child trust funds (CTFs), a building civilization saysNationwide says there are about ten million children in the UK who are too old to qualify for a CTF and too young to put aside in an individual savings account (Isa)This means parents frequently paying into their child's investments account could be landed with a tax bill for thousands, the society claimsMatthew transporter, director for savings at Nationwide, supposed: "We are encouraged by the government's promise to CTFs; however they are ignoring ten million other children who are not entitled by not addressing this tax disparity"He suggested that the government should allow children to save as much as those with a CTF via their ordinary savings accountscountrywide called for improvements to be made to the.
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Abbey says Beat Generation are well off - Published:27/09/07
Those over 50, known as the hit Generation, hold the vast majority of wealth in Britain, investigate from Abbey has foundA full 91 per cent of savings and present accounts are in the hands of this demographic, as well as 43 per cent of Individual savings accountsin general, the combined personal riches of Britain's over-50s is more than the GDP of every country in the world except for the USA, the financial service supplier saysReza Attar-Zadeh, director of savings and investments at Abbey, supposed: "It is amazing to think it is over 50 years since the start of the Beat actions"The beatniks and boomers - who are now over 50 - have now grown into one of the most successful and influential.
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Word of mouth affects UK opinion of financial services, expert claims - Published:06/02/07
Over one-third of UK customers have avoided particular savings accounts, credit cards, personal loans and banking services due to a friend's recommendation, an expert statesAlso, more than one-third of UK consumers have switched financial armed forces provider due to poor levels of client service, the analyst revealsEmma Butler, editor of Moneyfacts, believes that customer service is a high priority for customers of all financial armed forcesMs Butler adds that while internet and telephone services are increasingly popular, many clientele prefer face-to-face dealings"Our finances are something we take very seriously and can potentially cause a lot of stress in our lives," she supposed"Thus, whichever channel we choose to run our money from, when we want to talk to someone or need some help, we desire to be treated fairly and receive a good service"Ms Butler continues that expenses involved in switching personal loans and mortgages may prevent many clientele from switching provider, although 18 per cent do switch mortgage supplier due to poor serviceMoneyfacts is an self-governing financial advice service which provides comparisons on a wide range of financial servicesShopping around could put aside £4,000 on financial services, speak finance experts - Wed, 03.
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Word Of Mouth Affects Uk Opinion Of Financial Services, Expert Claims >>
