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PPI refunds: Cash more popular than traditional wedding gift

A third of couples would now prefer cash or vouchers instead of a traditional wedding gift, which may not surprise people who are in the process of getting PPI refunds.

Research by first direct has revealed that 35 per cent of newlyweds would ask for money or vouchers as a gift for their wedding.

Richard Brown, senior savings product manager at the company, explained that couples now need more money to get onto the property ladder and that the cost of everything is going up.

He said: "The economic reality for most couples is that money is the most useful gift they can ask for. While guests can feel this is impersonal, it can help the couple to save for important purchases that will hopefully help set them on the road to a lifetime of happiness."

Just three per cent of the 1,924 people asked said they would like people to make charitable donations on their behalf, as Prince William and Kate Middleton have done.

The couple are set to marry on April 29th in Westminster Abbey.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.

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