The average parent is forgoing a pension pot of £38,500 in order to financially support each child who is 18 and over, according to research from Standard Life. The research finds that parents are supporting their children post 18 for expenses such as university costs, debts, weddings, house deposits and other general finances. On average, [...]
Investment News RSS feed for this section
Economic confidence grows
YouGov’s latest HEAT (Household Economic Activity Tracker) index shows economic confidence is on the up. but concerns remain. The increase in sentiment was driven, almost entirely, by shifts in attitude – away from the negative and into the neutral. Increased positive sentiment did not account for the rise in index score. Worries about national unemployment [...]
Cost of raising a child: £218,000
The cost of raising a child from birth to their 21st birthday now totals a record £218,024. This equates to £10,382 a year, £865 a month or £28.44 a day. The report, from LV=, shows the overall cost of raising a child has increased by 3.3 per cent in the last year with education [...]
Investors turn from Europe seeking opportunities elsewhere
Following sustained market volatility in the Eurozone, and recent ratings agency downgrades, investors are taking stock and re-focusing their investment portfolios elsewhere, according to Barclays Stockbrokers. When asked about their investment outlook for the Eurozone, almost half of respondents (44 per cent) have refocused their investment portfolio away from the region. 27 per cent now [...]
Two new deposit accounts from Investec
Investec Bank has launched two new fixed term deposits for individual investors. A one year fixed term deposit and a two year fixed term deposit are permanent additions to Investec’s existing product suite and currently pay 3.55 per cent and 4.00 per cent respectively. Interest on the new accounts is paid at maturity. In line [...]
The Personal Finance Awards winners announced
The winners of the Personal Finance Awards 2011/12 have been announced at a London reception. Nationwide Building Society won best overall personal finance product provider, while there were also multiple wins for Natwest, Aviva and Halifax. The winners were decided based on a poll of readers of The Money Pages and What Mortgage websites, followed [...]
Halifax launches Junior ISA
The new stocks and shares ISA aims to track the performance of the FTSE 100 Index. Customers are able to top up and value their investment online. Simon Kenyon, Halifax Savings and Investment Director, comments: “We’re proud to be able to support the Government’s decision to extend tax-efficient savings for children. This will give families [...]
Nationwide launches new online ISA
Nationwide Building Society has launched its Online Cash ISA – Issue 2. The rates for annual interest for balances of £1,000 or more are: Between 2.75 per cent and 3.10 per cent depending on the balance of the account, which includes a Fixed Introductory Bonus until 31 Jan 2013. Richard Marriott, Nationwide’s head of savings, [...]
Clydesdale and Yorkshire launch new cash ISA
Clydesdale and Yorkshire Banks have launched a new cash ISA fixed rate bond with a maturity date of the 31st October 2013. The two year ISA offers a rate of four per cent, mirroring the bank’s two year term deposit rate and includes the following features: Minimum opening balance of £2,000. Maturity date, 31st October [...]
New one-year fix from Nationwide
Nationwide Building Society has launched a new one-year fixed rate cash ISA to its savings range. The rates for annual interest are between 3.00 per cent and 3.25 per cent AER tax-free depending on the balance of the account. The rates on Nationwide’s three-year fixed rate ISA remain the same. Monthly interest options are also [...]
Follow us
House price search
Enter your postcode here to find out how much your property is worth, based on Land Registry data.
