Pensions Age Gap Growing

Pensions Age Gap Growing

According to new report, the age gap between people saving for retirement is growing as older people save quicker.

A report by Scottish widows found that 59% of over 50’s were preparing for retirement while only 47% of people aged 30 – 50 were planning ahead.

“We appreciate the difficulty in setting aside extra money,” said Ian Naismith, from Scottish Widows.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Tuesday, June 07,2011
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Retails Sales Drop

Retail Sales Drop

According to the British Retail Consortium (BRC), Ratail sales in May dropped 2.1% when compared to the same time a year ago.

Both March and April saw a rise in retail sales however this is understood to be due to a late Easter and extra bank holidays.

“These are poor figures. What we’ve seen here is food has been reasonably resilient but non-food has had a dreadful May,” said Stephen Robertson, the BRC’s director general.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Tuesday, June 07,2011
Debt Support Trust
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CAB Report Find Under 25’s Struggle With Housing

CAB Report Find Under 25’s Struggle With Housing

A new report by the Citizens Advice Bureau has found that the number of under 25’s which enquired about housing and benefits advice increased.

The lastest report comes as CAB released their end of year summary which shows how many people they have dealt with and what they helped them with.

According the report, under 25’s were increasly worried about housing and benefits but were less concerned about credit card or overdraft debt.

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Monday, June 06,2011
Debt Support Trust
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TUC Report Shows Rich-Poor Gap Grows

TUC Report Shows Rich-Poor Gap Grows

A new report by TUC has found that the gap between the rich and poor has grown over the past 30 years.

The union has released statistics which show that low income earners pay only increase 27% while the top 10% seen an increase of 10 times that amount.

TUC general secretary Brendan Barber said: “People often cite the recession as the source of this income squeeze but a livelihood crisis has been brewing in Britain for decades.

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Monday, June 06,2011
Debt Support Trust
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Bankruptcy Fees Rise To £525

Bankruptcy Fees Rise To £525

Bankruptcy fees have risen to £525 as the Insolvency service aim to cover the cost of court fees.

Some experts have warned that the added fee could discourage people from seeking a debt solution as they fear it could cost to much.

insolvency practitioner Mark Sands, from RSM Tenon has warned “So many people flounder around and do not see a way out,”

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Friday, June 03,2011
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Public Sector Feels Pay Freeze

Public Sector Feels Pay Freeze

Public sector pay rise has stayed at zero for the first 3 months of the year while private sector pay has increased by 0.5%

The latest figures set a new record as it is the first time since records began that public sector pay hasn’t changed.

“April is a key month for public sector pay reviews and the latest figures begin to show the effects of government policy on public sector pay,” said IDS who monitor annual pay agreements.

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Thursday, June 02,2011
Debt Support Trust
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House Repossession To Rise Next Year

House Repossession To Rise Next Year

House Repossessions are likely to rise by 5,000 next year according to the Council of Mortgage Lenders.

The CML have warned that house sales will be lower this year and we will continue to see house sales be slow.

“The aftermath of the global financial crisis continues to have a pronounced impact on mortgage and housing markets,” the CML said.

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Thursday, June 02,2011
Debt Support Trust
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UK Debt Statistics

UK Debt Statistics

The June debt statistics from Credit Action were released. From the statistics was can see that today in the uk;

  • 331 people every day of the year will be declared insolvent or bankrupt. This is equivalent to 1 person every 60 seconds during a working day.
  • 1,577 Consumer County Court Judgements (CCJs) were issued every day during Q1 2011 and the average judgement amount was £3,118.
  • Citizen Advice Bureaux dealt with 9,498 new debt problems every working day in England and Wales
  • The average cost of raising a child from birth to the age of 21 is £27.50 a day.
  • 100 properties were repossessed every day during Q1 2011
  • 233 new people became unemployed for more than 12 months every dayduring the 12 months to end March 2011
  • 1,348 people reported they had become redundant every day during 3 months to end March 2011
  • £199,700,000 is the amount that the Government Public Sector Net Debt (PSDN), including financial interventions, will grow today (equivalent to £2,312 per second).
  • £151,230,000 is the interest the Government has to pay each day on the UKs net debt of £2252.9bn (which includes financial interventions). This is estimated to rise to £182m a day in 2015-16.
  • 220 mortgage possession claims will be issued and 160 mortgage possession orders will be made today
  • 382 landlord possession claims will be issued and 265 landlord possession orders will be made today.
  • The UK population is projected to grow by 1,205 people a day over the next decade
  • 24.1m plastic card purchase transactions will be made today with a total value of £1.156bn.
  • 7.7m cash withdrawals will be made today with a total value of £528m
  • The average car will cost £16.08 to run today
  • It costs £68.45 on average to fill a car with a 50
  • tre tank with unleaded petrol.

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Wednesday, June 01,2011
Debt Support Trust
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Loan Scams To Be Stopped By OFT

Loan Scams To Be Stopped By OFT

The Office of Fair Trading has vowed the shutdown loan companies who ask for fees to setup loans which they don’t intend to give.

The OFT crack down follows a super complaint by the Citizen Advice Bureau who reported that some firms were cold calling people and offering loans for fees and not supplying the service but taking the client’s money.

“Our evidence suggests some businesses are deliberately taking people’s money upfront with no realistic expectation of finding them the type of loan they need,” said John Fingleton, the OFT’s chief executive.

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Wednesday, June 01,2011
Debt Support Trust
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Mortgage Acceptance Record Low

Mortgage Acceptance Hits Record Low

According to new figures released by the Bank Of England, the mortage approval rate has hit a new record low.

Mortgage approvals were the lowest since records began in 1992 for the month of April, with only 45,166 requests approved.

In comparison with other months April figures were 4% lower than March and 9% lower than April 2010.

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed (Scotland)

Refinance

Bankruptcy

Sequestration

Debt Management Plan

Wednesday, June 01,2011
Debt Support Trust
read more