Archive for October 31st, 2006
Are you confident about your investments?
The FTSE 100 Index has been trading over 5-1/2 year highs in recent days but our love affair with the housing market is far from over and even active private investors are warming up to property, according to the latest investor confidence index from the Association of Investment Companies (AIC).However, 44% of active investors continue […]
Posted: October 31st, 2006 under Investments.
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Loans.co.uk hit with 455k fine
City watchdog, the Financial Services Authority( FSA), has fined loan broker, Loans.co.uk Limited (LCUK), £455,000 for failing to treat its customers fairly when selling Payment Protection Insurance (PPI).
Payment protection insurance is meant to provide you with an income to meet your outgoings if you are off work sick, have an accident or are made redundant. […]
Posted: October 31st, 2006 under Loans.
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Pension poverty
Are you heading for pension poverty, the following article attempts to explain how much you will be living off when you reach ripe old age.
THE STATE PENSION
The state pension is the bedrock of most people’s retirement provision. On average, the over-75s derive nearly 60% of their total income from the state pension.
The government has said that […]
Posted: October 31st, 2006 under Pensions.
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Government ponders pension reform
The government has said it is considering a radical shake-up of the state second pension (S2P). It may scrap the current S2P system, where payouts are determined by annual earnings, replacing it with a simpler flat rate pension top-up.
The new flat-rate system would pay a fixed pension income based on the amount of time the […]
Posted: October 31st, 2006 under Pensions.
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