For many people taking out a pension is not something that they would consider taking.  In fact their are millions of people in the UK that have no pension scheme in place to provide them with an additional income for retirement, and for many people especially young people taking out a pension is something that is far from their minds when they enter the work force. Why you should take out a pension. Saving... 

Inflation has recently topped the 5% mark in the United Kingdom, the sharp rise has led to to calls for the Bank of England to begin to raise interest rates from it’s historic low off a  half off one percent.  However if the Bank begins to flex it’ s muscles and raise Interest rates, will this be enough to stop inflation rising further? When the credit crunch started a few years ago,... 

The Prime Minister was due to advise us to pay off our debts at the Conservative Party Conference.  It is reported that he was going to say that we should pay off our own debts, and clear our credit cards.  However at the last moment the speech was re-written and this was removed.  We know that the present government is keen to peg down the national debt and pay off the mammoth loans that the country... 

In the past, many of us were reluctant to switch our current account from one Bank to another.   It seemed like a stressful and unnecessary ordeal.  After all, all banks seemed to be the same, offering the same service and gave us an ability to get our hands on our money quickly.  Banks were seen as the guardians of our money.  They kept it safe until we needed access to it.  We had a healthy... 

We all know that the price of petrol at the pumps is at an unprecedented high.  In many cases the price at the pump is currently over 133 pence litre in some parts of the country.  The current high price is filtering down and leading to increasing costs of goods and services in the supermarket and stores right across the land.  This in turn is raising the rate of inflation and leading to greater... 

Over the past decade there had been a steady rise of people purchasing their property using  interest only mortgages. For many people they helped them get onto the property ladder when prices were spiralling out of control, and made the repayments affordable. In the UK nearly a quarter of all mortgages are taken out as Interest Only Mortgages, and according to the FSA’s own research, only 15%... 

Once again the news is out that inflation continues to rise in the UK.  This is despite the the slow economic recovery that the economy is facing, and the threat of spending cuts hanging over the public sector.  While the rate of inflation in the UK may be outside the Governments control mechanism as the current cause is spiralling oil prices and unrest in the Middle East. The effects of inflation... 

Times are tough for many people.  Unemployment is rising, VAT has increased, and the the continual spiraling or fuel prices is having its impact on households.  So with many facing real financial pressure, there are a few things that you can do save some money. A Budget Just as Governments and every organisation looks at its income and expenditure, so should you. Firstly, look at what you are spending... 

Figures released by the British Retail Consortium show that  food prices around the world have risen sharply this month, sparking concerns that we are at the beginning of an inflationary trend in the cost of food. The largest increases in the UK in 2010 have been in processed food, the cost of which has jumped by six per cent. Fresh food has risen by a smaller rate of 3.5 per cent. Overall shop price... 

We use our bank accounts every day for paying bills and getting cash.  For most of us they’re a fact of life and we have a range of direct debits that go out every month and our salaries paid directly into. Bank Accounts When you go to open a bank account, you might have no idea what kind of account you need. Ask a member of staff at the bank – they’re there to guide you. There... 

You’ve probably seen the adverts on TV – cash-strapped celebrities endorsing the latest way of making money by selling your unwanted or broken gold jewellery to make a fast profit. Rising gold prices have made gold a very profitable commodity, and since 2004 gold has almost tripled in value. As there aren’t many commodities that have actually increased in value in the current climate, and... 

With the Bank of England base rate sitting at the historic low level of 0.5 percent, and inflation running way over the 2% target set by the Bank, people with savings are finding that the value of their money is gradually being eroded over time.  The outlook for savers continues to look bleak, as the Bank does not seem too keen on raising the base rate as it could damage the fragile economic recovery. So...