| FINANCE
BEATS FASHION WHEN IT COMES TO FRIENDS' ADVICE |
Research
from Alliance & Leicester has revealed
that Britons are more likely to ask a friend
for financial advice than they are advice
on fashion, home interiors or cars, with nearly
a quarter (23%) of UK adults saying they would
go to their friends for advice on financial
issues. More men (28%) would listen to their
friends advice on finances than women
(19%).
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| 72%
RISE IN NUMBER OF ESTATES PAYING INHERITANCE
TAX |
Halifax
research, based on data from HM Revenue &
Customs, shows the total number of estates
paying inheritance tax (IHT) rose by 72% over
the five years to 2003/04 to 30,451. The Government's
own estimates show a further 22% increase
in the number of estates paying the tax by
the end of 2006/07.
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more |
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| BRITS
BANK ONLINE TO SAVE THEIR BLUSHES |
Nearly
a quarter (24%) of Britons are too embarrassed
to talk about their finances over the phone
or face to face and are increasingly turning
to the Internet, according to new research*
from Lloyds TSB Internet banking. The findings
reveal that more than half the population
(54 per cent) now prefer to do their banking
online.
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| UK'S
CASH-STRAPPED STRUGGLING TO PAY FOR RETIREMENT |
Affordability
is the key factor people consider when planning
for their retirement, according to the latest
findings from Barclays Wealth. The research
shows that nearly one in two (43 per cent)
people see being able to set aside a realistic
amount as the main issue they are faced with
when planning for retirement.
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| £13,500
IS THE COST OF A BROKEN HEART |
When
a relationship breaks down, it is not only
the heartstrings that can be strained. Research
from Alliance & Leicester Personal Loans
shows that splitting up from your sweetheart
can not only be emotionally difficult but
also a financial burden; the cost of setting
up home again and replacing any jointly owned
items in the UK is still thought to ring-in
at over £13,500.
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more |
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| OVER
50% OF WORKING WOMEN HAVE NO PENSION |
New
research from Barclays Financial Planning
has revealed that UKs working women
are leaving the pension action to the men,
potentially putting them in future financial
strife. The research reveals that 52% arent
paying anything into a pension.
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more |
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| STOCK
MARKET OPTIMISM RISING AMONGST UK INVESTORS |
UK
investors are more optimistic about stock
market returns this year, according to new
research from Barclays Wealth Management.
Investment protection, however, is a key concern,
especially as the most popular reason for
saving is retirement. The over-50s are the
most upbeat about market performance, with
16% more optimistic than in 2005.
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| CHILD
TRUST FUND VOUCHERS STILL NOT INVESTED |
It
has been one year since the Government launch
of the Child Trust Fund and almost one million
vouchers have yet to be invested. Nationwide
Building Society continues to encourage parents
to invest their childs voucher sooner
rather than later in order to gain as much
benefit from the investment as possible.
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more |