Norwich Union Personal Finance: Londoners worse off

Money News

www.moneynews.co.uk > General finance > Norwich Union Personal Finance: Londoners worse off

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Norwich Union Personal Finance: Londoners worse off

Research commissioned by Norwich Union Personal Finance has claimed that, while many people consider London to be one of the UK's most affluent regions, retirees in the city are worse off than their equivalents in the north-east and Wales.

The report states that people retiring in the capital require an annual income of £18,500, while the national average is £15,850.

London-based retirees also have a lower annual disposable income, or surplus, than those in the north-east and Wales.

The average surplus for someone retiring in the city is £1,000, compared to just over £2,000 in Wales and £2,500 in the north-east.

Darren Carter, marketing director at Norwich Union Personal Finance, comments: "The traditional north-south divide has been turned on its head with over 50s in the north-east and Wales being twice as cash rich as those in London."

Norwich Union Personal Finance is owned by Aviva and supplies insurance, mortgages, savings accounts and personal loans.

Related News : General finance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : Aviva

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet