Moneyextra Banking & Current Accounts News

AXA Framlington rolls out Japanese fund

Tue, 05 Aug 2008 11:28:01 GMT

AXA Framlington is expanding its international fund range with the launch of the AXA Framlington Japan Smaller Companies Fund on September 29th. Managed by Chisako Hardie, the fund aims to achi

Credit cards - 'Forever' in debt?

Tue, 05 Aug 2008 11:28:01 GMT

As expected, since the OFT's intervention in the credit card market to reduce default fees, providers have not taken this loss in revenue lying down. Indeed, in the last three months, according to

This little piggy came to market - commodities investing

Tue, 05 Aug 2008 11:28:01 GMT

Graham Tuckwell, Chairman, and David Shrimpton, Head of Product Development, ETF Securities - with investment!Investors looking to take advantage of what's claimed to be a roaring long-term bull marke

Mortgages - Leeds launches 5-year fix

Tue, 05 Aug 2008 11:28:01 GMT

Leeds Building Society has launched a 5-year fixed rate mortgage - the deal running through December 31st 2011, charging 4.99% and allowing capital repayments of up to 10% each year without penalty.

RLAM launches Strategic Bond fund

Tue, 05 Aug 2008 11:28:01 GMT

Royal London Asset Management (RLAM) has announced the launch of the RLAM Strategic Bond fund. The fund aims to provide an attractive total return through active investment management in all t

'Pay As You Drive' insurance anyone?

Tue, 05 Aug 2008 11:28:01 GMT

Drivers are set to take greater control of their motor insurance and save up to one third on their premiums with the launch of 'Pay As You Drive' insurance, claims Norwich Union. The insurer has

Euro insight with Insight?

Tue, 05 Aug 2008 11:28:01 GMT

Insight Investment - part of HBOS - is launching a new Euro-denominated multi-manager absolute return fund, the Insight Global Diversified Return Fund (GDR). This actively managed, multi-asset,

Newcastle BS launches new 50+ saver account

Tue, 05 Aug 2008 11:28:01 GMT

Newcastle Building Society's new 50+ saver account, is designed for people aged 50 and over (you might have guessed from the name). This new passbook, telephone and internet account is available as a

High earners are UK's worst overspenders

Tue, 05 Aug 2008 11:28:01 GMT

High earners are the nation's worst culprits for spending more than they earn, according to a survey from Derbyshire Building Society. Over 60% of UK adults earning over £50,000 splash out more than t

Watchdog censures financial adviser

Tue, 05 Aug 2008 11:28:00 GMT

City watchdog, the FSA (Financial Services Authority), has publicly censured financial adviser GD Tancred Financial Services Limited (GDT) for not clearly explaining and documenting the risks of i

Losing faith in your pension?

Tue, 05 Aug 2008 11:28:00 GMT

JPMorgan Asset Management in its latest 'Pensions Map' report into the state of the UK's retirement provision shows that traditional pension schemes are falling out of favour with less than half (4

Protection - Black and White for Bright Grey

Tue, 05 Aug 2008 11:28:00 GMT

Research carried out for Bright Grey, the protection specialist arm of Royal London Group, shows that among people who've bought their first property in the last 12 months 40% have taken out a mor

HIPs - A costly indulgence

Tue, 05 Aug 2008 11:28:00 GMT

CML (Council of Mortgage Lenders) Director General, Michael Coogan, speaking at the recent Property Forum annual dinner, said that the HIP (Home Information Pack) infrastructure now looks like "a co

N&P enters Gibraltar buy-to-let market

Tue, 05 Aug 2008 11:28:00 GMT

Norwich and Peterborough Building Society (N&P) has made additions to its mortgage product ranges for customers looking to buy in Gibraltar or Spain - the launch comprising a new buy-to-let mortga

ISAs here for keeps

Tue, 05 Aug 2008 11:28:00 GMT

ISAs (Individual Savings Accounts) are to become a permanent feature of the savings and investment landscape, following remarks by Treasury Minister, Ed Balls, at the PIMA (PEP and ISA Managers' As

OFT issues mailing warning

Tue, 05 Aug 2008 11:28:00 GMT

Following a number of complaints to Consumer Direct - the Government funded telephone and online consumer advice service managed by the OFT (Office of Fair Trading) - the OFT is warning consumers

Bonding with Nationwide012

Tue, 05 Aug 2008 11:28:00 GMT

Nationwide Building Society has launched a new three year Loyalty Fixed Rate Bond paying 5.30% gross p.a./AER, as well as a new range of one and two year Fixed Rate Bonds and e-Bonds paying from betwe

House price growth set to slow?

Tue, 05 Aug 2008 11:27:59 GMT

Latest figures from the Halifax show house prices rising by 1.7% to a seasonally adjusted average of £184,593 in October, giving a year-on-year increase of 8.6%. However, the mortgage bank says th

Protecting against rate rise pain

Tue, 05 Aug 2008 11:27:59 GMT

The Council of Mortgage Lenders (CML), like many, has been unsurprised by Thursday's decision by the Bank of England to raise interest rates from 4.75% to 5%. But surprise or not, it says borrower

Pensions - Personal Accounts a panacea?

Tue, 05 Aug 2008 11:27:59 GMT

A new report from Scottish Widows concludes that the Government will have many hurdles to overcome if it wishes to avoid a pensions crisis through the introduction of Personal Accounts, as sugges

Remortgaging hits 5-year low

Tue, 05 Aug 2008 11:27:59 GMT

New data from the Council of Mortgage Lenders shows that levels of remortgaging have reached their lowest figure for five years. Figures for September show that remortgaging accounted for 30% of t

What are your insurance priorities?

Tue, 05 Aug 2008 11:27:59 GMT

Research carried out for Bright Grey, the protection specialist arm of Royal London, has revealed that the top three things people in the UK believe most important to insure are: Life (almost 40%)

Watch out when you splash out

Tue, 05 Aug 2008 11:27:59 GMT

If you're planning to put your Christmas on plastic, now is the time to start that planning. Cheap and zero interest deals are disappearing fast. And piling on the pounds on the wrong card could

Mortgage lending hits monthly record

Fri, 25 Jul 2008 10:29:18 GMT

Latest figures from the CML (Council of Mortgage Lenders) show gross mortgage lending hitting a new monthly record in October of £30.3 billion. Lending was up by 4% on the September figure of £29.2 billion, but down by 8% from the overall record o

Pensions Bill outlined in Queen's Speech

Fri, 25 Jul 2008 10:29:18 GMT

As expected, the Government has included pensions reform as part of the Queen's Speech. It has been confirmed that the state pension age will rise from 65 to 66 between 2024 and 2026 and to 68 by 2046, if the bill passes. However, the Government h