Nemo Loans Personal Finance Blog

According to Aviva, the ‘Babyboomer generation could disrupt the typical view of retirement’.  New research has revealed that 43 percent of those who have retired view this as the beginning of a ‘new, exciting stage of life’.  It was found that 23 percent would like to spend this time travelling around the world, while 49 percent would like to spend a greater amount of time on their hobbies (with 60 percent hoping to make money from these hobbies).  In addition, 62 percent of retirees reportedly intend to ‘get into shape’ in order to enjoy a more lengthy and healthier retirement.

According to new research from uSwitch.com, 67 percent of consumers have been left feeling ‘worse off’ as a result of the Budget.  However, it was revealed that while 51 percent now have less confidence when it comes to their personal finances, 42 percent have a greater level of confidence in relation to the country’s finances.

At a time when many people are looking to make savings by holidaying in the UK, new research from Tesco Travel Money has revealed that it ‘would be wise to look further afield’ for that bargain break.  The cheapest deals can reportedly be found in Eastern European countries such as Bulgaria, Poland and Hungary.

According to figures released by Nationwide, June saw a 0.1 percent increase in the value of a typical UK property.  Furthermore, it has been reported that the annual rate of house price inflation has fallen from 9.8 percent to 8.7 percent.

According to the Met Office, the UK has experienced the driest first half of any year since 1929.  In fact, it is has been revealed that the average rainfall from January to June stood at 356.8mm, which makes it the second driest period for a century.  The driest first half of a year was reportedly experienced in 1929 when 275.7mm of rain was recorded.