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Banking

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The elderly will no longer be forced to use their pension savings to buy an annuity by the time they are 75, the Government confirmed today.
15 July 2010
piggybank
The Government plans to make savings products simpler, to encourage consumers to build up a nest egg for their future.
14 July 2010
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Record price-slashing by retailers in the sales season and falling petrol costs helped bring down inflation in June.
13 July 2010
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Banks have been urged to treat people who have gone bankrupt fairly and give them access to a basic account.
12 July 2010
piggybank
Savers are likely to receive a huge boost to the amount of cash protected if their bank or building society goes bust.
12 July 2010
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Millions of private sector workers with a final salary pension face lower payouts after the Government announced plans to cut the rate at which their income rises each year.
9 July 2010
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The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 16th consecutive month.
8 July 2010
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Former investors in nationalised lender Bradford & Bingley (B&B) should receive no compensation for their shares, the independent valuer of the stricken business has said.
6 July 2010
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Banks and building societies will face curbs on dipping into your savings to clear debts, under proposals from industry regulator, the Financial Services Authority (FSA).
6 July 2010
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Banks and building societies are cutting their savings rates as they focus on attracting new mortgage customers, a financial information group claimed today.
5 July 2010

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