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News Archive - 11/2009
Car scrappage scheme 'increases cost of personal loans'
06-November 2009
People must take steps to avoid running into problem debt when they take a major loan out, it has been suggested. Steven Baillie, head of loans at Sainsbury's Finance, made the comment after his firm estimated
New Principality bond offers 4.25 per cent 06-November 2009
Principality Building Society has introduced a new two-year fixed rate bond offering a guaranteed 4.25 per cent AER. The firm says the bond makes "a great home" for people's capital if they are
Nationwide launches new Stepped Rate Bond 06-November 2009
Nationwide Building Society has announced details of a new four-year Stepped Rate Bond, which offers fixed annual or monthly interest options. The annual option pays 3.75 per cent gross AER in year one,
Government urges better financial management in 2010 05-November 2009
Consumers should celebrate the New Year when it arrives, but then get down to the business of improving their personal finances, it has been claimed. According to Directgov, the government's public services
Child Trust Funds 'proving most sucessful' 05-November 2009
The Child Trust Fund CTF is the most successful savings scheme in the UK, according to one provider. Families are far more engaged with this product than other long-term savings alternatives, The Children's
Consumer group backs debt management review 05-November 2009
Consumer group Which? has backed the Office of Fair Trading's OFT decision to launch a review of UK debt management practices. The review – the OFT's first into the industry since 2003 - will look
Debt advice 'sensible for those struggling with credit cards' 04-November 2009
Consumers who can only afford to make minimum monthly repayments on credit cards may have debt problems, it has been suggested. Writing for lovemoney.com, Rachel Ronson said these are set at "ridiculously
Stock Watch, 2 Nov 09 04-November 2009
Your summary will appear as 2/3 lines underneath the news title, on moneyextra.com/news/. This will also be the meta description of the page
Savings expert calls for reversion to traditional habits 04-November 2009
Consumers should be getting the most out of savings rather than speculating on short-term capital gains, it has been claimed. Independent pensions expert Stewart Ritchie was commenting after an Aegon study
Scottish households 'not saving enough' 04-November 2009
A new study has identified worryingly low levels of short-term saving among Scottish consumers. Research conducted by independent pensions expert Stewart Ritchie, on behalf of Aegon, indicates that 42
Cheshire Building Society launches new account 03-November 2009
Cheshire Building Society has unveiled a new 30 Day Postal Saver Account offering a bonus rate of three per cent gross/AER. The account offers a variable conditional bonus on a minimum deposit of £1,000
Debt 'still increasing' in the UK 03-November 2009
A home is being repossessed every 11 and a half minutes in the UK, it has been reported. Latest figures from Credit Action show that the recession is starting to affect more households, with an increase
Axa: Too few UK workers saving for retirement 03-November 2009
More and more people are looking to rely on the state pension when they retire, it has been reported. According to research conducted by Axa, 64 per cent of UK employees are not saving into any scheme
Credit Action: Running up debts now more difficult 02-November 2009
It is now more difficult for consumers to run up huge plastic card debts unchecked, according to Credit Action. Chris Tapp, director of the money education charity, said it is harder now to get a credit
Government 'must encourage long-term savings' 02-November 2009
The government must make every effort to deliver a clear message about the benefits of long-term saving, it has been claimed. Richard Saunders, chief executive of the Investment Management Association,
Consumers 'still reliant upon credit cards' 02-November 2009
Many consumers are still as reliant upon credit cards and borrowing money as they have been in the past, it has been claimed. Commenting after the Bank of England reported that lending to consumers increased
People must take steps to avoid running into problem debt when they take a major loan out, it has been suggested. Steven Baillie, head of loans at Sainsbury's Finance, made the comment after his firm estimated
New Principality bond offers 4.25 per cent 06-November 2009
Principality Building Society has introduced a new two-year fixed rate bond offering a guaranteed 4.25 per cent AER. The firm says the bond makes "a great home" for people's capital if they are
Nationwide launches new Stepped Rate Bond 06-November 2009
Nationwide Building Society has announced details of a new four-year Stepped Rate Bond, which offers fixed annual or monthly interest options. The annual option pays 3.75 per cent gross AER in year one,
Government urges better financial management in 2010 05-November 2009
Consumers should celebrate the New Year when it arrives, but then get down to the business of improving their personal finances, it has been claimed. According to Directgov, the government's public services
Child Trust Funds 'proving most sucessful' 05-November 2009
The Child Trust Fund CTF is the most successful savings scheme in the UK, according to one provider. Families are far more engaged with this product than other long-term savings alternatives, The Children's
Consumer group backs debt management review 05-November 2009
Consumer group Which? has backed the Office of Fair Trading's OFT decision to launch a review of UK debt management practices. The review – the OFT's first into the industry since 2003 - will look
Debt advice 'sensible for those struggling with credit cards' 04-November 2009
Consumers who can only afford to make minimum monthly repayments on credit cards may have debt problems, it has been suggested. Writing for lovemoney.com, Rachel Ronson said these are set at "ridiculously
Stock Watch, 2 Nov 09 04-November 2009
Your summary will appear as 2/3 lines underneath the news title, on moneyextra.com/news/. This will also be the meta description of the page
Savings expert calls for reversion to traditional habits 04-November 2009
Consumers should be getting the most out of savings rather than speculating on short-term capital gains, it has been claimed. Independent pensions expert Stewart Ritchie was commenting after an Aegon study
Scottish households 'not saving enough' 04-November 2009
A new study has identified worryingly low levels of short-term saving among Scottish consumers. Research conducted by independent pensions expert Stewart Ritchie, on behalf of Aegon, indicates that 42
Cheshire Building Society launches new account 03-November 2009
Cheshire Building Society has unveiled a new 30 Day Postal Saver Account offering a bonus rate of three per cent gross/AER. The account offers a variable conditional bonus on a minimum deposit of £1,000
Debt 'still increasing' in the UK 03-November 2009
A home is being repossessed every 11 and a half minutes in the UK, it has been reported. Latest figures from Credit Action show that the recession is starting to affect more households, with an increase
Axa: Too few UK workers saving for retirement 03-November 2009
More and more people are looking to rely on the state pension when they retire, it has been reported. According to research conducted by Axa, 64 per cent of UK employees are not saving into any scheme
Credit Action: Running up debts now more difficult 02-November 2009
It is now more difficult for consumers to run up huge plastic card debts unchecked, according to Credit Action. Chris Tapp, director of the money education charity, said it is harder now to get a credit
Government 'must encourage long-term savings' 02-November 2009
The government must make every effort to deliver a clear message about the benefits of long-term saving, it has been claimed. Richard Saunders, chief executive of the Investment Management Association,
Consumers 'still reliant upon credit cards' 02-November 2009
Many consumers are still as reliant upon credit cards and borrowing money as they have been in the past, it has been claimed. Commenting after the Bank of England reported that lending to consumers increased
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