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Slightly older peers key to financial education

Young people aged 16-21 could benefit from hearing financial mismanagement stories from those in the 22-29 age bracket, a report by the Money Advice Service has suggested.

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Brits plan to work through retirement

Less than a third of UK adults are planning to stop working after they retire, according to a poll by Aegon UK.

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First-time buyers up a third in NI

Loans to first-time home buyers in Northern Ireland increased 29% in the last year and 13% in the last quarter, the Council of Mortgage Lenders has revealed.

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Home owners unaware of mortgage rate

Almost half of people do not know the current rate of their mortgage, research by communications campaigner Keep Me Posted has found.

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Financial jargon confuses consumers

Consumers don’t understand the financial jargon used by banks and building societies, according to a survey by National Savings & Investments.

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Home insurance easiest service to switch

Home insurance is the easiest financial product to switch, a survey commissioned by Gocompare has found.

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Family lending helps households

More than a quarter (28%) of UK adults have needed to borrow money from family members, according to research from the Centre for the Modern Family.

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Life insurance not prioritised by homeowners

Only 1 in 10 people rank having life insurance as a top priority when buying a home, research by TSB has found.

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Rising income for over 60s

The average yearly earnings for over-60s rose by nearly £1,000 between 2011 and 2013, according to analysis by Prudential.

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Increase in mortgage approvals

The number of mortgage approvals grew 8% in June 2014, according to data released by the Bank of England.

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