Lamport Bassitt Solicitors - Legal News - Men saving in case of job loss


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Men saving in case of job loss Those looking for personal insolvency advice could follow the lead of the 40 per cent of male Brits who are now putting money into the bank in case they are made redundant. According to a new survey from Legal & General, figures from August suggest that there has been an increase in the number of men making savings since February 2009, when only 30 per cent were doing so. However, only 25 per cent of women feel that they need to save to be in a better financial position should they lose their job, which is unchanged from six months ago. Mark Gregory, executive director of savings at Legal & General, said: "It's not surprising that the focus of saving is turning to meeting short term needs, such as saving in case you lose your job." George Ladds, head of investment and pension research at Fair Investment Company, recently claimed that it is important for consumers to avoid raiding their savings accounts to avoid insolvency. Posted by Isobel Whitely Related Articles: 8/5/2012 - More companies fail as personal insolvencies fall 23/4/2012 - Landlords and insurers unite behind insolvency law reform 19/4/2012 - Enterprise Act 'does not need radical overhaul' 13/4/2012 - Retail insolvency rate up 15% as rent payments bite 28/3/2012 - Business insolvencies on the rise More Insolvency & Restructuring News