POUND NOTES

Solihull News - - YOUR MONEY -

FI­NAN­CIAL FACT

THE av­er­age two- year fixed mort­gage rate on the mar­ket has fallen for the first time in a year, ac­cord­ing to Money­facts. co. uk. It says the av­er­age two- year fixed rate on the mar­ket fell to 2.49% in Oc­to­ber, from 2.53% in Septem­ber – the first fall in 12 months.

MORE PEN­SION SAVERS ARE WANT­ING ETH­I­CAL SCHEMES

ETH­I­CAL in­vest­ing could help build peo­ple’s con­fi­dence in pen­sions, a sur­vey of mem­bers of work­place pen­sion scheme Nest has found. Nearly three- quar­ters ( 73%) think it’s im­por­tant their pen­sion scheme con­sid­ers the en­vi­ron­ment, so­ci­ety and cor­po­rate be­hav­iour when in­vest­ing their money, ac­cord­ing to the re­port.

Nest also car­ried out a sep­a­rate sur­vey of work­ing peo­ple el­i­gi­ble for au­to­matic en­rol­ment into work­place pen­sions, which found that a quar­ter ( 25%) say they do not trust pen­sion com­pa­nies.

UNIVER­SITY CHAL­LENGE STAR CHAM­PI­ONS ED­U­CA­TION SCHEME

A FIFTH of par­ents with chil­dren aged six- 16 avoid their child’s maths home­work as work­ing with num­bers scares them.

Some 20% of mums and dads feel this way about nu­mer­acy, ac­cord­ing to the Open Univer­sity Busi­ness School ( OUBS)’ s ded­i­cated re­search cen­tre and the True Po­ten­tial Cen­tre for the Pub­lic Un­der­stand­ing of Fi­nance.

OUBS has joined forces with Univer­sity Chal­lenge star Bobby Seag­ull to cham­pion a fi­nan­cial ed­u­ca­tion course de­signed for the needs of young peo­ple. The Man­ag­ing My Money for Young Adults course is funded by the Char­tered Ac­coun­tants’ Liv­ery Com­pany.

NEW BOND OF­FERS SAVERS A SOLUTION FOR THEIR CASH

LEEDS Build­ing So­ci­ety has launched a new bond of­fer­ing savers un­sure whether they want to tie up their money for one or two years a ‘ com­pro­mise’ solution.

The 16- month bond has a fixed rate of 1.8%. Jae­don Green, Leeds Build­ing So­ci­ety’s direc­tor of prod­uct and dis­tri­bu­tion, says: “Our 16- month bond is a good com­pro­mise be­tween one and two- year fixes.”

Bobby Seag­ull

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.