WAG LIFESTYLE MEANS 44% OF BANKRUPTS ARE NOW WOMEN

New figures published by accountants Wilkins Kennedy showed that the proportion of bankrupts that are women had soared from 32% in to 44% for 2006. The research, is confirmation that for growing numbers of women credit card debt is becoming unmanageable. The firm claims that the onward rise of the WAGs (footballer's wives and girlfriends) lifestyle favoured may be partially to blame. read more

FINANCE BEATS FASHION WHEN IT COMES TO FRIENDS' ADVICE

Research from Alliance & Leicester has revealed that Britons are more likely to ask a friend for financial advice than they are advice on fashion, home interiors or cars, with nearly a quarter (23%) of UK adults saying they would go to their friends for advice on financial issues. More men (28%) would listen to their friends’ advice on finances than women (19%). read more

72% RISE IN NUMBER OF ESTATES PAYING INHERITANCE TAX

Halifax research, based on data from HM Revenue & Customs, shows the total number of estates paying inheritance tax (IHT) rose by 72% over the five years to 2003/04 to 30,451. The Government's own estimates show a further 22% increase in the number of estates paying the tax by the end of 2006/07. read more

BRITS BANK ONLINE TO SAVE THEIR BLUSHES

Nearly a quarter (24%) of Britons are too embarrassed to talk about their finances over the phone or face to face and are increasingly turning to the Internet, according to new research* from Lloyds TSB Internet banking. The findings reveal that more than half the population (54 per cent) now prefer to do their banking online. read more

UK'S CASH-STRAPPED STRUGGLING TO PAY FOR RETIREMENT

Affordability is the key factor people consider when planning for their retirement, according to the latest findings from Barclays Wealth. The research shows that nearly one in two (43 per cent) people see being able to set aside a realistic amount as the main issue they are faced with when planning for retirement. read more

£13,500 IS THE COST OF A BROKEN HEART

When a relationship breaks down, it is not only the heartstrings that can be strained. Research from Alliance & Leicester Personal Loans shows that splitting up from your sweetheart can not only be emotionally difficult but also a financial burden; the cost of setting up home again and replacing any jointly owned items in the UK is still thought to ring-in at over £13,500. read more

OVER 50% OF WORKING WOMEN HAVE NO PENSION

New research from Barclays Financial Planning has revealed that UK’s working women are leaving the pension action to the men, potentially putting them in future financial strife. The research reveals that 52% aren’t paying anything into a pension. read more

STOCK MARKET OPTIMISM RISING AMONGST UK INVESTORS

UK investors are more optimistic about stock market returns this year, according to new research from Barclays Wealth Management. Investment protection, however, is a key concern, especially as the most popular reason for saving is retirement. The over-50s are the most upbeat about market performance, with 16% more optimistic than in 2005. read more

CHILD TRUST FUND VOUCHERS STILL NOT INVESTED

It has been one year since the Government launch of the Child Trust Fund and almost one million vouchers have yet to be invested. Nationwide Building Society continues to encourage parents to invest their child’s voucher sooner rather than later in order to gain as much benefit from the investment as possible. read more

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