News Column

Saturday Money: New this week

April 26, 2014

Rupert Jones



Borrowing:

George Osborne's decision to let retiring workers do as they please with their pension savings from next year has given older people plenty to think about. Some will want to keep their options open, and a new one-year fixed-term annuity launched by Just Retirement will, says the company, enable pension savers to take tax-free cash and income (if they wish), but maintain the flexibility to rethink their choices in April 2015. At the end of the term the saver can use the guaranteed maturity amount to choose the best option available at that time.

Rupert Jones

Annuities:

A "market-leading" personal loan rate of 4.3% APR has been unveiled by Hitachi Personal Finance, available from today.

The company - part of Hitachi Capital Consumer Finance - says this new rate is currently the cheapest "representative APR" on the market for loans between pounds 7,500 and pounds 10,000 over two to five years. It adds that this is the time of year when many people traditionally go shopping for a new car or embark on home improvements. "Applicants get an instant online decision, and the money can be in their account in 24 hours," says the company.

Rupert Jones



For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Guardian (UK)


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