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Brits failing to celebrate wedding anniversaries
It is traditionally viewed as the "happiest day" of their lives but for newlyweds looking back on their wedding day many are failing to celebrate the anniversary.
Research by American Express Platinum Cashback Credit Card has found that only one in three Brits honour their wedding anniversary revealing a "romantic recession" in recent years.
While the weekend signalled the one-year anniversary of Prince William and Kate Middleton's Royal Wedding, many Brits choose not to celebrate their own occasion.
The survey found that 17 per cent decided to celebrate their "big" anniversaries such as silver, gold and diamond milestones while 24 per cent acknowledge the event but do not exchange gifts.
Julie Hay, head of the company, said: "There are times when most couples are required to tighten their purse string, but rather than forfeiting celebrations, couples could look for ways to make their money work harder so that they are able to comfortably afford to celebrate." More »
By Jonathan Dawes, Money - Mon 30 Apr 2012
Mid-30s voted best time of life
Many people advocate that a person's school days are the best time of their lives but being in your mid-30s could be even better, according to a new survey.
Aviva's Time of our Lives report found that most age groups believe all their life goals will be completed during their 30s. However, the company found that this was also the same age where people have the biggest financial concerns.
People aged between 18 and 24 believe they will have completed their life goals by the time they reach 27 while the rest of the age ranges believe that it will happen when they hit their mid-30s.
However, recent research by Moneysupermarket.com found that 65 per cent of Britons were putting off important life events such as buying their first home or even a wedding due to dwindling funds.
Simon Warsop, business development director at Aviva, said: "At a time of significant economic upheaval and financial pressure, this research provides an insight into the effect this is having on Britons as they journey through the ages of life." More »
By Jonathan Dawes, Money - Thu 19 Apr 2012
Millions of Brits struggling with finance
Million of Brits have admitted to struggling with finances as the recession begins to impact even more.
Research by Scottish Widows found that 4.4 million people are unsure about the future of their financial situation, with a further 19 per cent of Brits (9.8 million) revealing that they have under £50 left in their bank at the end of the month.
The company's Priorities of Life Index found that the ongoing economic crisis within the UK and Europe has changed saver's perceptions of where their money should go and has seen people suffer as a result.
As the cost of living and price of utility bills continue to rise many Brits have found themselves with little to no funds come the end of the month.
Catherine Stewart, savings expert at Scottish Widows said: "Families are feeling the pinch as tough economic conditions continue; outgoings are increasing while income largely remains the same, as a result of pay freezes." More »
By Jonathan Dawes, Money - Wed 4 Apr 2012
Economy could be affected by Jubilee holiday
The economy could be affected by the extended Bank Holiday over the Queen's Diamond Jubilee, according to Sir Mervyn King.
June will see the country experience an extra day away from work as the Jubilee celebrations fall a day after a traditional Bank Holiday meaning many people will have an extended weekend.
However, Sir Mervyn believes that the UK's economy could grind to a halt as the country has another day off work, similar to when growth stalled after the Royal Wedding.
He told the House of Lords Economic Affairs Committee: "We do expect a fall in output in the second quarter followed by a rise in the third quarter. We lose an extra day's work because of the additional Bank Holiday. We saw that last year and we would expect that to happen again this year."
Many people will be taking advantage of the added break by heading off on holiday, while some will be holding their own Jubilee celebration to recognise the Queen's 60th year on the throne. More »
By Jonathan Dawes, Money - Wed 28 Mar 2012
Pensions landscape has improved in the UK
Brits have been told the pensions landscape is now much better across the country than it was a few years ago. More »
By Jonathan Dawes, Money - Thu 9 Jun 2011
MBNA customers to be issued with first UK contactless credit cards
MBNA customers will be issued with contactless credit cards that are EMV-enabled (American Express, MasterCard and Visa), and American Express-branded in the UK. More »
By Jonathan Dawes, Money - Mon 16 May 2011
People do not think £140 pension is enough to live on
Following the government's plan to possibly introduce a flat-rate state pension, worth around £140 a week, more than two-thirds of people do not think it is enough to live on, according to research from Standard Life. More »
By Jonathan Dawes, Money - Mon 16 May 2011
Loans: OFT closes 19 lead generation websites
The Office of Fair Trading (OFT) has announced the closure of 19 unlicensed lead generation websites, which source loan and credit information for people and sell their details on. More »
By Jonathan Dawes, Money - Fri 8 Apr 2011
Banking: One in five parents not prioritising time with family
One in five adults do not prioritise time with their children or grandchildren as much as they would like, according to banking firm Scottish Widows. More »
By Jonathan Dawes, Money - Wed 6 Apr 2011
Junior Isas could help teach the importance of saving
Junior Individual Savings Accounts (Isa) allowances have been set at £3,000 by the government but Fidelity International believes this has created a framework to allow parents to plan for their children's future and teach younger generations the importance of saving. More »
By Jonathan Dawes, Money - Thu 31 Mar 2011
Quarter of Brits are worried about their financial position
Four in ten Brits have been left worried about their financial position as they compare the potential effects of the Budget, according to research from uSwitch.com More »
By Jonathan Dawes, Money - Fri 25 Mar 2011
Younger generation 'need more help understanding Isas', says Lloyds
The younger generation need more help to understand the benefits of banking with Isa's, according to research from Lloyds TSB Savings. More »
By Jonathan Dawes, Money - Tue 22 Mar 2011
Public sector pensions 'fair dealing' under review
Public sector workers could lose their current pension rights if their employer is bought by the private sector, according to a proposal in the government's review of public sector pensions at CityWire. More »
By Jonathan Dawes, Money - Mon 28 Feb 2011
Mortgage affordability best for 10 years but be wary says Barclays
Research by Barclays has suggested that mortgage affordability has hit its best level for ten years but warned homeowners to look ahead and be prepared for any increase in their payments. More »
By Jonathan Dawes, Money - Mon 28 Feb 2011
"Carefree" homeowners will be shocked by their bills
People who take a carefree attitude to their finances will be in for a shock when their fuel bills arrive, they have been warned. More »
By Jonathan Dawes, Money - Tue 21 Oct 2008
Brits take 'a DIY approach to moving house'
As people across the UK are looking at tightening their financial belts, new research has found that homeowners are adopting a "do it yourself" approach to moving house. More »
By Jonathan Dawes, Money - Mon 16 Jun 2008
