‘General’ News
Savings market has gone “bananas”
Posted 2008-05-15
Savers have been told to take advantage of the current climate in the financial markets as there are some attractive deals available to them. David Kuo, head of personal finance at Fool.co.u...
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Savings market has gone “bananas”
Posted 2008-05-15
Savers have been told to take advantage of the current climate in the financial markets as there are some attractive deals available to them. David Kuo, head of personal finance at Fool.co.u...
Read Savings market has gone “bananas”
Overdraft charges are increased
Posted 2008-05-12
Some of the UKs banks have increased the interest rates on their current accounts, new research has found. According to Moneyfacts.co.u...
Read Overdraft charges are increased
Pre-retirement population concerned about their savings
Posted 2008-05-8
New research has revealed that a quarter of those facing retirement are saving no money at all in preparation for it. Additionally, over 40 per cent claim to have serious concerns over how much money they will need to survive, yet have not increased the amount they are saving, with 16 per cent of respondents having actually reduced the amount they were putting aside. ...
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Banks criticised over current account charges
Posted 2008-05-8
The Royal Bank of Scotland Group and Lloyds TSB have been criticised for increasing the charges on certain current accounts. Packaged accounts, which are those most affected by the move, charge flat monthly fees but come with a range of incentives such as free travel insurance. ...
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Consumers urged to fight bank charges
Posted 2008-05-6
Consumers are being urged to fight against allegedly unfair bank charges that could have blotted credit ratings. Marc Gander, founder of the Consumer Action Group, has claimed that if customers did challenge the charges against them and won, the result would be a nightmare for banks and could cost them large sums of money. ...
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Research shows current account ‘ignorance’
Posted 2008-05-5
More than 25 per cent of people in the UK have only ever had one current account, new research has found. A survey by Moneysupermarket.com has claimed that ignorance and disinterest are costing people dearly when it comes to earning interest on their accounts. ...
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Personal bankruptcies increase
Posted 2008-05-5
The Insolvency Service has claimed that personal insolvencies across England and Wales have risen for the first time since 2006. Individual cases for the first quarter of 2008 included 15,651 bankruptcies and 9,614 individual voluntary agreements (IVA), totalling 25,264 and representing a 1.7 per cent increase on the previous quarter. ...
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CAG: High likelihood the OFT will find against the banks
Posted 2008-04-30
Following the landmark ruling by the high court, that allows the Office of Fair Trading (OFT) to investigate overdraft charges imposed by banks, the founder of the Consumer Action Group (CAG) believes the body will almost certainly find that they are unfair. Marc Gardner noted that should the office come to this conclusion, there will likely be an appeal which could see the court of appeal overrule or rdefine the high courts decision. ...
Read CAG: High likelihood the OFT will find against the banks
Young Brits could be heading for bankruptcy
Posted 2008-04-29
Young people in Britain could be pushing themselves closer to bankruptcy due to overspending, a personal finance expert has warned. New research by Monilink has found that over a quarter of people aged between 16 and 34 years old are in competition with their friends over purchasing the latest gadgets and fashion items. ...