Consumer campaigner Martin Lewis said that because December is the month when people accrue the most debt, January is the time that people start to worry about how to tackle their problem. Although one-to-one help is often not available until…
The team will research and design a national service that will enable all Britons to access impartial financial advice of a high standard. When the taskforce completes its work, the government will put forward an action plan detailing how financial…
Continue reading the "Financial capability taskforce launched" »
Users are invited to input their personal expenditures in order to obtain an estimate of how their experience of inflation is different from the official Retail Price Index (RPI). One of the reasons the ONS created the calculator was because…
Continue reading the "ONS invites public to measure personal inflation" »
Equifax has said that following the Bank of England’s decision last week to raise interest rates by 0.25 per cent, consumers need to be better financially prepared for the year ahead. The three rises in the official cost of borrowing…
Some insurance providers have already been “referred to enforcement” or heavily fined by the FSA after they were found to be not up to standard. The FSA is keen to remind consumers that loans and PPI products do not have…
Ray Boulger, from mortgage adviser John Charcol, said that the Bank of England’s surprise decision to increase the base rate to 5.25 per cent is likely to result in a rise in the number of people falling into arrears. He…
Continue reading the "Financial “comfort zones” hit by rate rises" »
Figures from Engage Mutual Assurance show that 43 per cent of parents aged between 55 and 64 are bankrolling their offspring, with many expecting the situation to stay the same until they are 67 years old. However, parents who are…
Continue reading the "Cost of living ‘hampering financial independence’" »
Described as “one of the largest” programmes the financial watchdog has undertaken, the work will build on previous programmes conducted in 2005 and 2006. The investigation will include mystery shopping exercises in its aim to ensure sales of the product…
Continue reading the "FSA to investigate debt sales of debt insurance" »
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