Archive for April, 2008

Investing £20 a month into a Child Trust Fund account (CTF) would enable the child to receive over £8,000 on their 18th birthday, according to ASDA.

Nearly half of the UK population only expect to live to the same age as their parents’ generation, according to Life Trust.

The old proverb ‘what’s mine is yours and what’s yours is mine’ is fading fast from household finances, according to research by online payment provider PayPal.

J O Hambro is looking at the possibility of some areas of renewed investment opportunities over the medium term after a difficult year for many parts of the market.

Net consumer credit – which includes credit cards and personal loans – increased by £1.2bn in March, down from February’s increase of £2.3bn, according to the Bank of England (BoE).

Personal loan rates on the rise

Comparison site Moneyfacts says the monthly repayments on personal loans are rising as well as mortgage rates.

Citizens Advice has written to the Chancellor urging the Government to fully compensate everyone who is worse off financially from the removal of the 10p starting rate of Income Tax.

Building societies’ savings influx in March reached £1.26bn, marking a 70% increase since March 2007, according to the Building Societies Association (BSA).

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