A bobby's lot can be happy

Article Abstract:

Those approaching retirement may wish to consider investing in a with-profits bond. It is worth choosing a high-quality provider, such as Scottish Widows. It is possible to take income from the bond, and this can be delayed to give the bond a period in which to grow further. It is also worth considering using part of a lump sum retirement settlement to repay any outstanding mortgage, thus avoiding further interest payments. This can make a considerable saving and avoid the need to generate a higher monthly income.

Comment:

Provides many options for retired persons

Finance, Marketing, Retirees, Scottish Widow's Fund and Life Assurance Society

A man with plans

Article Abstract:

Saving to make a large purchase, such as a flat or a car, needs careful planning. It is best to avoid investing only small sums in a number of different savings policies, as this is generally not an efficient approach. Efforts should be made to save as much as possible for a deposit on a property, as this will give access to more attractive mortgage deals. It is worth considering a cash Mini-Individual Savings Account, as these accounts offer attractive interest rates, paid free of tax.

Financial planning

Debt relief turned to a nightmare: distraught debtor who asked for aid was plunged deeper into trouble

Article Abstract:

The case study of a man who sought help from a debt management company to deal with his financial problems is presented. He found that he was badly advised and that his debts actually increased.

Case studies, Financial management