An international study has revealed that 49% of UK home owners are more worried about losing their home than losing their husband or wife.Just 36% are worried about outliving their spouses and 30% are worried about dying. The Future of Retirement study was conducted by HSBC. It finds people are increasingly expecting to live with their children when they get old. Almost one in 10 of UK parents now expect to move in with their children in later life. That figure rises to 15% among 30 to 39 year olds and for students it increases to almost one in five. But nationally, we are still among the most independent people in the world in our old age. In France, 14% expect their family to bear the cost of their retirement while in India 64% expect their family will shoulder most of the costs of retirement and 51% expect to move in with their children. Steve Troop, group head of retirement businesses at HSBC, says: “Unless people think about their long- term needs, be they work, leisure or housing related, we will see a vicious circle of generations financially dependent onfamily membersduring retirement.”
Personal Touch Financial Services Ltd, one of the UKs fastest growing financial services networks, has appointed Mike Starkie as national sales manager.Starkie brings 15 years experience of the financial services industry and has considerable expertise in the area of building distribution channels and of enhancing the productivity and profitability of existing distributors.His role will involve […]
Portman and The Mortgage Works have been criticised for reducing their surveying panel to just five firms. Jonathan Cornell, technical director of Hamptons International Mortgages, says by doing this they are disadvantaging everyone as well as reducing competition. Portman has decided to reduce the panel to Colleys, Wolton, Chancellors, e.surv and Countrywide/SPS. It has also […]
Pink Home Loans has appointed Sarah Anderton as pr manager. The appointment will further strengthen the marketing department. Andertons role will focus on delivering service and product information in an effective manner to all customers. Anderton brings over 15 years of mortgage experience to the role that has included giving mortgage advice, underwriting and various […]
Ansar Housing has revealed the development of its Property Purchase Agreement, a form of contract that is free of interest and that accords with Islamic principles of contract law.Under the Property Purchase Agreement, Ansar and the client will form a partnership under which both parties jointly purchase a property. The home-buying client will then rent […]
In the run-up to the Budget, there was some concern that the chancellor might ‘call time’ on the use of salary sacrifice in employee benefits provision.
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