Summit Customs Brokers

Brazilian economic growth slows, despite rapid growth in the first quarter

The Brazilian economy created just 212,952 registered jobs in the month of June, which was below the median prediction of 279,000 jobs, based on a series of three forecasts issued by economists. In May, 298,041 registered jobs were created and during the first quarter of 2010, Brazil’s economic growth was the fastest for 15 years, which contrasts significantly with the latest figures. Registered jobs in Brazil provide workers with numerous benefits, including insurance, long term care annuities, bonuses and More

Equity release helps pensioners with their debts

A new report announced by Age UK has found that a number of British pensioners are selling their homes for equity release and using the profits to pay off their debts and fund a high quality of life during retirement.

The report, entitled ’Housing and Finance in Later Life’comprises of research carried out by Birmingham University. The equity release scheme means homeowners are able to profit from the value of their homes by entering into a long term contract. Equity More

Issues Affecting Wealth and Lifestyle

The most popular method used for unlocking the money involved in your property is through equity release. Equity Release Schemes are usually of two main types-

Lifetime Mortgages

Home reversion plan

You must consider certain factors before you opt for an equity release scheme-

There are various equity schemes and issues that affect the wealth and lifestyle of an individual-

Equity release schemes are a part of long term commitments. The schemes demand penalties if one wants to go for More

Investing during recessions

The economy goes through several cycles and one of them is called a recession. A recession may be defined as a less than 10% decrease in the Gross Domestic Product (GDP) which must last for more than one consecutive quarter. It has been seen that people are scared to make investments during a recession. Contrary to popular perception however, investing during recession actually lays the foundation for opportunities in the future. This is because the interest rates fall and borrowing More