Archive for June, 2006

Old boy racers

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%) [...]

Cost of crime rising

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.

Pensioners on the breadline

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.

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 [...]

Ensure you insure

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 Building Societies Associations (BSA) has released the latest sales figures for building societies – and they show a surge in sales and borrowing figures.

Unforeseen problems can cost UK consumers up to £2,000 per year, according to Lloyds TSB.

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.

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