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.”