Archive for March, 2006

Dogs and owners grow sick of kennels

Dog owners have spent £46m over the lifetime of their pets, due to poor kennel conditions, with 12% of pooches attracting an illness and 4% sustaining an injury after time spent in kennels.
Research from Direct Line said that of the 5,400,000 dogs in the UK, 300,000 have had to visit the vet after a […]

Banks move to tackle over-indebtedness

Consumers could benefit from a joint campaign between a number of high street banks and Callcredit, a credit reference agency, to launch a responsible lending initiative dealing with consumer indebtedness.
HBOS, HSBC, Lloyds TSB and RBS are all involved in the programme to improve lenders’ understanding of their customers’ indebtedness and ability to make repayments. […]

The number of part-time pensioners in the UK is set to rapidly increase to one in five of those planning to retire in the next five years.
At present, 10% of retirees work part-time for an average of 14 hours a week, according to GE Life. Its research also showed nearly three quarters of post-retirees […]

UK consumers are not confident about the affect of upcoming changes to pensions rules on 6th April, with 47% unsure if they will encourage them to save more.
The research from the Prudential, prompted its director of pensions, David Dunn, to surmise that people still may not fully understand how the rules will benefit them. […]

House prices Spring back in March

Spring may not have sprung yet in terms of the weather, but house prices have seen a spring bounce in March.
Nationwide’s latest House Price Report showed a 1.1% increase in March, after a brief pause in February. The annual rate of house price inflation is now 5.3%, bringing the average house price up to £162,083, […]

Women are missing out on pension tax relief as six in 10 do not contribute to a pension fund.
Thousands of women who have taken career breaks to have or raise their children are missing out on the tax benefits of stakeholder pensions, according to HSBC. Research from the bank showed the level of understanding […]

Pensioners who rely on a state pension spend less on their weekly grocery shopping than the average Brit spends on dining out in a week.
Research by Virgin Money highlighted the financial difficulties facing UK OAP’s on state pension benefits, with an average of £20.73 to spend per week on food shopping. The average Brit, […]

Borrowers will spend more than £200m on higher lending charges in 2006, with some first-time buyers spending nearly £4,000 on this and stamp duty alone.
Research from Nationwide has shown nearly 100,000 borrowers will have to pay a higher lending charge on top of their mortgage this year. The fee is levied by mortgage lenders to […]

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