A survey by Birmingham Midshires reveals that 22% of Britons face financial ruin because they are no...
A survey by Birmingham Midshires reveals that 22% of Britons face financial ruin because they are not prepared for lifestyle changes or financial emergencies in the future.
The survey found that an increase in the cost of childcare, a sudden injury or legal fees may leave families in financial difficulty.
An alarming 81% of Britons could not afford to support their families (even for a short period of time) if they were to suffer a loss of earnings and 91% could not afford to care for an elderly relative should the need arise.
The guide is being offered by Birmingham Midshires, which is part of the Halifax, to raise awareness of serious financial issues and boost public confidence in savings and investments.
"Many people are leaving themselves vulnerable in the future," notes Tim Hague, head of savings and investments at Birmingham Midshires.
Following Zurich acquisition
Aviva has set out its strategy to launch an investments, savings and retirement division as it seeks to simplify its overall business.
Clients and advisers frustrated by red tape
More than 4,500 retail investors affected
Failure to engage