The number of unmarried couples living together has doubled over the last 15 years, according to the Office for National Statistics. So, many people who decide to get hitched already have much of what they need to start married life.
The wedding list was a neat solution to the problem of several guests buying the same gift. But research from the Financial Services Compensation Scheme shows that even this seems to be on its way out.
Nearly half of soon-to-be-married couples asked for money by contrast, only 21% of recently married UK couples asked their guests to choose something from a wedding list, the FSCS found. The majority of guests seem to be happy with this new phase, as almost two thirds (63%) said they were comfortable contributing money towards honeymoons / homes, and only a quarter (26%) felt uncomfortable.
Wedding and events planner Alexandra Moseley, says: “In my experience many of the couples I work for are having to be more upfront about asking for a monetary wedding gift. In a number of relationships the couple already live together and have everything they need for their home so it makes sense to ask for money or a contribution to something like their honeymoon. And in many cultures, it is the most commonly accepted form of gift”.
FSCS protects savings of up to £85,000 per person in UK authorised banks, building societies and credit unions. If you’re getting married this summer and have asked guests for money, you can assure yourself it will be safe. Visit www.fscs.org.uk/protected for more details.