Samantha Owens, research editor at Moneyfacts, states that banks may increase interest rates or charge for current accounts, if and when they do lower fees as requested by the Office of Fair Trading. “Banks will probably find another way to…

New instructions to sale rocketed by 18 per cent in May, the fastest increase for a year. The stock of available homes for sale also increased to an average of 72.4 properties per surveyor in May, up from 71.5 in…

The consumer finance website claims that by stopping interest free introductory offers, the credit card provider could set a precedent which will stop people switching debts to other credit cards when the offer runs out – known as rate tarts.…

MyCallcredit says its survey reveals that 90 per cent of Britons are happy with debt levels but only a fifth plan to reduce borrowing and do not plan for their position to worsen within the year. MyCallcredit director Alison Nicholson…

Norwich Union points to the US where financial education is included and says that people are, on average, richer by a year’s earnings between the ages of 35 and 49. “It pays to get clued up,” said Miranda Lewis, senior…

From today, new customers will no longer be able to move existing credit card debt to Amex as it takes action against people who switch from one provider to another when introductory offers cease. Robert Kenley, head of cards at…

JP Morgan’s study shows only a fifth of Britons understand basic pension terminology, such as defined contribution (DC) or defined benefit (DB). “Confusing financial terminology is contributing to the UK pensions deficit and it is worrying that this is delaying…

Experian believes that its new report will get rid of misconceptions about debt and the effect on individual credit ratings. “There are a number of myths about the credit reference processes that have been perpetuated over the years, leaving many…