Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

PPI refunds: People do not have separate short and long-term savings

People who are currently awaiting PPI refunds may be all too aware that many people do not have separate short and long-term savings.

David Rodger, managing director at the Debt Advice Foundation, a provider of free and impartial debt advice, claims that people are aware that they should have separate savings pots for both the short and the long-term, but that many are unable to achieve this.

He said: "Understanding is one thing, achieving this is another. Unfortunately when an unexpected financial crisis hits, many people have no option other than to turn to credit or to use their savings pot - regardless of whether their savings pot is for their next holiday or for their future retirement."

His comments follow research released by the National Savings and Investments (NS&I) on April 2nd.

The NS&I Savings Survey found that more than one in four (27 per cent) people in Britain say they will be less likely to save over the next three months.

Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt.

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide