Finance

Five million people who've already bought and locked into an annuity will be given the same pension freedoms as people nearing retirement, the Government has announced.

A donation from Comic Relief means those attending Tr ussell Trust foodbanks will be able to get debt and money advice there too from September.

Seven day current account switching is working well for those who've used the service but there is a lack of confidence and awareness of the scheme, according to the financial regulator.

Payday lenders are "failing customers in arrears" and using "unacceptable practices", a review of the market by the regulator has found. 

Online payday lenders will be forced to publish details of their products on at least one price comparison website – a move which has been branded "flaccid" by MoneySavingExpert.com.

The Financial Conduct Authority (FCA) has today launched a challenge to the industry to ensure it better protects vulnerable customers after research found that in some cases their treatment can lead to further stress and harm.

Axa is the first major insurer to announce that it will start telling customers how much they paid for their insurance premium in the previous year when sending out renewal notices.

Hundreds of thousands of cash-strapped customers who buy TVs and washing machines through rent-to-own (RTO) schemes are paying up to three times more than the high street cost, a report published today has found.

The City of London Police has today said it will not carry out a criminal investigation into Wonga's debt collection practices after it was revealed last year that the payday lender used letters from bogus law firms to pressure customers into paying debts.

The Financial Conduct Authority is to review whether the payment protection insurance complaints process is working and is considering whether changes are needed.