British banks may soon be faced with many more complaints from debtors who have been subject to bank charges since July 2001, after research from Which? revealed that 63 per cent still have not made claims to recoup their money.…
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Santander’s decision to introduce a fee free current account has been described as a “very significant” development in the banking sector as it may drive other financial institutions to offer better deals to customers. Head of consumer finance at lovemoney.com…
Mass-market customers may be at a disadvantage as a result of the Financial Services Authority’s (FSA’s) proposals set out in its documentation for the retail distribution review (RDR). This is the opinion of Scottish Widows, which – although it does…
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Debtors in the UK have been offered a greater range of saving products, following the merger between The Co-operative Financial Services and Britannia, including the launch of two fixed-rate ISAs. Prior to the collaboration with Britannia, Co-operative customers were not…
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Overdraft facilities are increasingly confusing those who are using them, an industry expert has claimed, despite the fact that attempts have been made to simplify charging structures in this area. Head of banking at moneysupermarket.com Kevin Mountford remarked that these…
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Quotation searches should be used by all lenders in order to increase transparency and ease consumer concerns about shopping around for deals, it has been suggested. TheMotleyFool.co.uk’s director David Kuo said that he thinks the process, which is used by…
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An increasing number of Britons are turning to credit unions to help them save funds for Christmas expenses because they “offer local people a well-trusted financial solution”. This is the opinion of Mark Lyonette, chief executive of The Association of…
Britons’ lifetime sentences of debt stand to be reduced as a result of changes to credit and store card regulations suggested by the government. This is the opinion of price comparison website Moneysupermarket.com, which found following an analysis of the…
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