British retirees are twice as likely as younger generations to buy a brand new set of wheels, according to research by AA Personal Loans.
With 7.5 million cars expected to change hands over the next 12 months, the research reveals that the over-50s are driving the new car market. More than 4 in 10 (43%) […]

The average cost of a crime related business insurance claim during the first three months of 2006 was £4,179 - an increase of 6% on the last quarter of 2005 when the corresponding figure was £3,942, according to the AXA Business Crime Index.
However, between January and March 2006, the total number of crime related […]

A staggering 1.4 million pensioners – 14% of the pensioner population - live on an income of £5,000 or less each year, according to Prudential. After council tax, water and electricity bills, this leaves only £3,092 per annum – which is equivalent to £59.46 each week or £8.49 a day.
Today the annual […]

When it comes to our personal finances we are bottom of the Euro league compared to four key World Cup seeded rivals – France, Germany, Italy and Spain, according to research from Egg.  The report aimed to compare a series of key financial statistics in each region, to assess which nation’s consumers are the most […]

Halifax Home Insurance predicts the industry will see a record number of claims for broken windows as Britain’s back gardens become sporting arenas.
The insurer already witnesses a 20% increase in claims against broken windows during the summer months. But this summer a number of extra factors have led the insurer to expect an even […]

The Building Societies Associations (BSA) has released the latest sales figures for building societies – and they show a surge in sales and borrowing figures.
Gross advances (which represent the total amount borrowed) amounted to £4,613m in May 2006, compared to £3,528m in May 2005.
And building society net receipts to cash ISAs were £466m […]

Unforeseen problems can cost UK consumers up to £2,000 per year, according to Lloyds TSB.
Every year 60% of the population suffer some kind of emergency resulting in a serious dent in their finances, research from the bank has shown. But only 20% of people have savings to cover the cost. The most common emergencies […]

Although 1 in 2 Britons aim to travel the world when they retire, in reality financial limitations prevent most pensioners fulfilling this ambition, according to Engage Mutual Assurance.
It claimed that 53% of workers plan to spend their kid’s inheritance on travel in retirement, 36% hope to buy property abroad and 10% want to spend […]