Money & Work / News
New bank notes for a new type of bank
Zopa gives UK banknotes a feel good makeover as it gets banking licence. Choice reports that new Zopa research reveals that over half of British adults don’t think their banks operate with customers’ best interests at heart, whilst nearly a third (30%) think...
2019 New Year debt resolutions
Tips on how to reduce your personal debt and start 2019 on a sound financial footing. 50 Connect reports that 2018, what a year for finance, and turmoil. I’m happy if I never have to type, or hear the ‘B’ word again, the ‘B’ word that is Brexit. Building...
Spend, Spend, Spend!
Many customers who take out a Lifetime Mortgage spend the money released from their home on home improvements, holidays, new cars and to top up their income. 50 Connect reports that Norwich Union research reveals what customers spend their lifetime mortgage...
What is preretirement? A way for the over-50s to stagger (towards) retirement
There is no longer a cut-off point at which you retire, according to a new report. Instead, those aged 50 to 80 are increasingly still working, at least part-time. Name: Pre-tirement. Age: Late-50s. Appearance: Clapped-out. Time to retire. Tempting, but...
Put just £40 a week aside to enjoy a happy retirement
A Which? report this week looking at what retired people spend should give hope to the early middle-aged who have saved nothing yet. The Guardian reports that the press is chock-full of stories about our impending financial doom in retirement. I should know -...
Over-50s hold three quarters of UK housing wealth
Homeowners over the age of 50 hold 75pc of Britain's housing wealth, according to new research, revealing the huge generational divide in the property market. The Telegraph reports that older owner occupiers hold a total of £2.8 trillion in equity,...
Business must improve support for over-50s workforce, finds study.
More than half of over-50s feel unsupported at work although millions of employees are planning to work longer than they had previously expected and despite the emergence of a widening skills gap in the UK, according to new research. Personnel Today reports that the...
MPs blame age discrimination for ‘wasted talents’ of more than 1m over 50
Age Scotland warned that the 'overwhelming majority' of companies do not have an age strategy and said older workers faced 'unfair bias'. The Scotsman reports that the talents of more than one million unemployed over-50s are being wasted because “too little” is being...
All over-50s to get savings and pensions advice from FCA
People in the UK aged 50 or over will start to receive "wake up" packs every five years under proposals published by the Financial Conduct Authority (FCA). Eagle Radio reports that the chief City regulator wants the packs to include a one-page headline...
3.9 million over 50s plan to use their property wealth to fund retirement
One in five (19%) over 50s are relying on income from property to fund their retirement, OneFamily has found. Mortgage Introducer reports that this increasing trend is being driven as a result of soaring property prices over the last 20 years, as well as...
Over-50s hold three quarters of UK housing wealth
Homeowners over the age of 50 hold 75pc of Britain's housing wealth, according to new research, revealing the huge generational divide in the property market. The Telegraph reports that older owner occupiers hold a total of £2.8 trillion in equity, equivalent to more...
Is it possible to be a successful ethical investor?
Investors around the world are often known for their sharp analytical skills and ability to spot a potentially lucrative investment. Choice reports that they are not, however, known for their scruples, and plenty of investment money goes into fairly unethical...