debt

The number of people seeking advice for mortgage arrears has increased by 50% over the past three months, according to the Citizens Advice Bureau (CAB).

Over a third of over 55 year olds have outstanding unsecured debts and could be heading for retirement collectively £66bn in the red, averaging over £11,000 per head, according to Key Retirement Solutions.

Consumer debt solutions firm newtomorrow.com has launched an online portal for intermediaries to support clients struggling with debt.

New consumer borrowing has hit a four year high, as debt levels increased again in Q1 this year by £22bn, while savings rates fell by £11bn, according to research by Unbiased.co.uk.

Almost two million Britons have had to take out a loan to meet their mortgage or rent as the cost of living continues to rise, according to Moneysupermarket.com.

Over 55s have seen their outstanding mortgage debt grow by 20% over the past year, according to Key Retirement Solutions (KRS).

The FSA has launched a website designed to help young adults manage their finances.

Gearing levels in landlords portfolios are at their lowest levels since May 2005, indicating high credit quality among buy-to-let investors, according to Paragon Mortgages.

Pictet Funds will host a London presentation to follow the recent launch of its Latin American Local Currency Debt fund.

Threadneedle has launched a new Emerging Market Local fund, designed to capture the ‘substantial' yields and currency undervaluation available in frontier countries.