17 December 2019

The Bank of Mum and Dad

The Bank of Mum and Dad The Bank of Mum and Dad is still playing an important role in the UK housing market, with young and even some middle-aged adults continuing to receive financial support from their parents for their first and subsequent property purchases. Their assistance, however, has helped fund nearly 20% fewer purchases […]

9 December 2019

In the News

MORTGAGES GO GREEN Environmentally friendly mortgage loans are set to increase as the government pledges £5m as part of its Green Finance Strategy. Money from the Green Home Finance Innovation Fund is to help the financial services industry offer more green mortgages. The perks of a green mortgage can include a cut in the rate […]

9 December 2019

Save to Succeed

Data5 has revealed that 20% of 16-21-year olds believe they will “need savings to succeed in life”, but 17% say they currently don’t save anything. Of those who save regularly, six out of ten put their cash with a bank, while 22% save money at home. One fifth of respondents were unable to identify what ‘ISA’ […]

9 December 2019

Poor financial wellbeing impacting employees

Do you spend much time fretting about money? If your finances cause you sleepless nights, you’re certainly not alone. With mental health and wellbeing increasingly under the spotlight, financial worries are a big contributor, including for those in steady employment. A Financial Wellbeing Index4, assessing the financial wellbeing of UK employees, reveals a large number […]

4 December 2019

Drawdown retirees unaware of income flexibility

A YouGov survey commissioned by Zurich3 has revealed that most retirees in drawdown are unaware they can vary their level of income. And, perhaps unsurprisingly, the research also found those not receiving financial advice were more likely to be in the dark. Importance of advice The study suggests over half of individuals who have unlocked their […]