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December 2011 Archives

Money Works: Winter Issue 2011

As you may have seen on the television and read in the newspapers, public sector pension schemes are currently the subject of calls for radical reform, largely because of the increasing cost to the public purse of funding these schemes - There are seven main schemes currently being reviewed: The Armed Forces, Civil Service, Fire Service, Local Government, NHS, Police, and Teachers schemes.

New Staff member at MDM

we would like to extend a warm welocome to our newest team member, Daniel Collins, who will be working with and providing support to Chris Mealing and Mary Waring.

Pay disparity slows the closure of the gender based savings gap

The seventh annual Scottish Widows Women and Pensions Report 2011, reveals that the number of women saving adequately for their retirement has reached the highest level in the report’s history, according to figures based on women who could and should be saving for retirement.

Cost of motoring miles ahead of inflation

The RAC's annual Cost of Motoring index has revealed the average cost of keeping a car on the road to be a staggering £6,689 per annum, a rise of 14% (£819) on last year. That's an average of £128.64 per week and 55.74 pence per mile, but however you dress it up it is surely a hefty blow to Britain's already cash-strapped motorists.

Which? Report Highlights Risky Investment Advice

According to a new Which? report, many high street banks and building societies are giving poor advice and recommending inappropriate investment products to elderly and potentially vulnerable consumers. Which? researchers, in an undercover investigation, found that only five out of 37 advisers in banks and building societies gave good advice about investments.

December market commentary

When you realise that the ‘Italian 10’ trending on Twitter refers not to Antonio Cassano's goal against Northern Ireland but to the yield on the Italian 10 Year Bond, then you know the European debt crisis – and the consequent turmoil on the world stock markets – remains alive and well.