Money & Rights

Money and Rights News: November

More over-65s in work

New figures from the Office for National Statistics (ONS) show a huge rate of growth in the number of people aged over 65 still employment. Between January 2006 than doubled from 607,000 to 1.26m. The ONS says this is due to many reasons, including the fact people are willing and able to work longer because they are healthier.

Co-op guarantees to beat funeral quotes

Leading funeral provider, the Co-op has promised to beat any like for like competitor quotes on funeral costs with a 'guarantee to beat' commitment. It has also lowered the cost of its affordable funeral option, the Simple Funeral by £100, taking it to £1895 plus third party costs (£1675 in Scotland).

Co-op's 4.7 million members receive an increased discount of £200 (or five percent in greater) on all of Co-op's price of a Simple Funeral to £1695 plus third party costs.

Retirement interest-only cut for Leeds Building Society

Leeds Building Society has cut its five year fixed rate Retirement Interest Only mortgage, offering borrowers aged between 55 and 80 a rate of 3.62 percent available up to 55 percent loan to value (LTV) with a £999 fee. 

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