Tag Archives: savings

NEW REPORT: Think tank says purge of tax reliefs is needed to lift burden on Generation Y

Iona Bain Hundreds of tax perks offered to savers and investors could be on the line in five years time as the new Conservative government is urged to confront the public debt bill facing tomorrow’s taxpayers. The Centre for Policy … Continue reading

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Filed under Generation Y, Politics, Tax

Consumer champion will drive further reforms to savings and pensions

Iona Bain David Cameron has taken the unprecedented step of bringing an independent financial campaigner into his cabinet, suggesting that the new Conservative government will be open to yet more radical reforms of pensions and savings over the next five … Continue reading

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Filed under Consumer Affairs, Pensions & Retirement, Politics, Savings Accounts

BUDGET 2015: What’s the state of play for young finances today?

As the Budget gets underway today, you’re almost certainly wondering how Mr Osborne’s red box of delights will affect you and your personal finances in the near future. Now seems as good a time as any to take a rain … Continue reading

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Filed under Consumer Affairs, Credit, Debt, Economy, First-time buyers, Mortgages, Payday loans, Pensions & Retirement, Personal Finance, Politics, Savings Accounts

Are you letting your money wither away in a ‘scrapheap’ account?

By Iona Bain The financial regulator is finally cracking down on high street banks who have let a huge swathe of our savings wither away in scrapheap accounts that earn as little as 0.1 per cent. Half of the nation’s … Continue reading

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Filed under Banking, Consumer Affairs, Personal Finance, Savings Accounts

Does the financial sector REALLY care about young people?

Is the financial sector prepared to embark on a charm offensive to win over customers under 30 and, just as importantly, their families? Experts now believe such a move could not only lead to a more useful industry for hard-pressed … Continue reading

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Filed under Consumer Affairs, Economy, Technology

Why grandparents can be a financial lifeline for the younger generation…

By Iona Bain When I started my blog three years ago, nobody was really talking about how the downturn would affect young people. I remember reading the occasional newspaper column that highlighted the toxic economic environment ahead of us. I … Continue reading

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Filed under Economy, Investments, Savings Accounts, Student Finance

How young people can avoid a toxic debt trap

In association with Wilson Field By Iona Bain We may be finally pulling out of a painful recession, but are we turbocharging the recovery with worrying levels of debt? Forecasts from the Office for Budget Responsibility seem to suggest so, … Continue reading

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Filed under Consumer Affairs, Loans, Payday loans

Who needs to change–the financial industry or their young consumers?

Iona Bain YOLO! That’s right – why think about tomorrow when you can live for today? Not every young person is enamoured with this type of Twitter speak, judging by straw polls of my friends in recent years, but it … Continue reading

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Filed under Consumer Affairs, Economy, Personal Finance, Savings Accounts

What to consider BEFORE you invest – guest tips from Nutmeg

I was recently contacted on Twitter by a young lady who wanted to know more about Nutmeg, an online investment manager. As well as giving her my own views on whether investing is ever suitable for young people, I thought … Continue reading

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Filed under Investments, Personal Finance, Savings Accounts

My Christmas Manifesto PART TWO: The easiest ways to be ethical and charitable this year

You don’t have to be a wealthy philanthropist to give to charity this Christmas – here are some clever and easy ways to donate this festive season. By Iona Bain Christmas is just around the corner, and many young people … Continue reading

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Filed under Banking, Bargain hunting, Consumer Affairs, Mobiles, Personal Finance, Savings Accounts, Shopping, Technology