Archived Legal Articles from 2009

Financial Services


Is saving a sensible alternative to Life Assurance?


The Credit Crunch has made more and more people think about acting financially responsibly. People are being encouraged to check their bank statements and to cancel unnecessary items. I have recently seen a number of articles which have encouraged saving as a way of protecting the family instead of…

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Protect the dream


Many of today's young professionals have grown up in an era of easy credit,soaring house prices and a shop-'til-you drop-culture. Many have paid for their lifestyles by using credit cards or by increasing mortgages rather than paying them off. The only knowledge they had of "hard times" came from the…

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State Pension age changes


The State Pension age is changing. Currently it is 65 for men and 60 for women. For women it will rise gradually from age 60 to 65 from 2010 to 2020. The State Pension Age for both men and women is then set to increase from 65 to 68 between 2024 and 2046. A recent survey showed that whilst a majority…

Have you planned for your retirement?


As we grow older as a population, our preparations for a longer and longer life after retirement are lagging way behind. The Department of Works and Pensions (DWP) estimates that between seven and eight million poeople are saving too little for retirement. People now approaching retirement do not see…

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Public is saving now for recovery


The credit crunch has turned the Savings and Investment world on it's head. A reported third more people are putting money aside for a deposit on a house than a year ago. With fewer Mortgage products available people are having to save for a house deposit because the 100% mortgage is no longer…

People need Quality advice


The continued downward pressure on interest rates,and thus the returns from cash on deposit, is creating challenges for investors seeking a steady stream of income. The Bank of England has cut rates to historic levels and even the chances of winning a million pound on the premium bonds has been reduced…

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Look what you could have won


Just when savers thought that things could not get any worse the Treasury-backed savings provider National Savings and Investments (NS+I) has announced it is cutting the monthly Premium Bond Prize Fund. The prize fund rate will fall from 1.8 per cent to 1 per cent. There will then be only one £1…

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Don't leave your investments on ice this New Year


When the Bank of England Monetary Policy Committee announced their January 2009 decision to cut interest rates to 1.5 per cent it signalled the Bank's lowest rate since it was founded in 1694. It is the first time in the bank's history that rates have fallen below 2% Interest rates have tumbled…

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