Is it time to become more active on your finances?
While UK financial sector is still very much on the ropes the last few months have shown us that some operations appear to be more secure than others. Historically many in the UK have been very inactive when it comes towards moving their finances between the different operators in the sector but now may be the time to look again.
The UK consumer is often attracted by the headline rates of various packages when in reality the small print can offer a very different picture. It is vital that advice is taken where applicable as charges and excessive interest rates can eat away at savings or even increase loan funding costs. The Internet has become a very useful tool for the financial sector and one which more and more UK consumers should be using to their benefit.
The process of transferring bank accounts and other financial packages to a new provider has been very much simplified and is a lot more straightforward than people might imagine. There are signs of late, in light of the ongoing economic slow down, that UK consumers are looking more towards the future and making use of online facilities.
Share this..
Related stories
CSA due for serious overhaul
The Child support agency, which has been the worst performing government department for some time, is undergoing a serious revamp which will allow more flexibility for the parties involved and also lead to an ultimately more generous settlement. As well as increased accountability for the Department there are also immediate plans to increase the amount of maintenance a child carer is able to recei...
Read More21 million 'sickies' pulled in 2006
Employers suspect that one in eight worker-absences last year were examples of staff "pulling a sickie", meaning 21 million days were lost.The Confederation of British Industry (CBI) says these unauthorised absences cost the British economy £1.6 billion in 2006, warning that a "culture of absenteeism" is seeping into UK workplaces.In total the trade association claims its survey shows that 175 mi...
Read MoreMPC almost unanimous over rate freeze
The Bank of England's monetary policy committee voted 8-1 to keep interest rates at 5.5 per cent at January's meeting. According to the minutes of the meeting, only David Blanchflower voted against the move citing the need to address the fears of retailers over diminishing sales. The bank will meet again to decide rates on February 7th, with analysts anticipating that the mpc will cut rates in the...
Read MorePetrol price smash through one pound barrier
The price of petrol in the UK has risen to over £1 a litre as the price of oil continues to rise even though general usage around the world has fallen off slightly. As we have covered on a number of occasions, there are strong suspicions that many of the major oil suppliers in the UK and in other parts of the world are retaining significant reserves awaiting an increase in the price of oil. This...
Read More80% of pension transfer requests fraudulent
13/07/2015 Research from Aegon, the retirement specialist, shows that 80% of all requests for overseas pension transfers it receives are scams, designed to defraud savers out of their pensions. Throughout 2015 so far, Aegon has prevented around 80% of transfers to Qualifying Recognised Overseas Pension Schemes (QOPS), which customers had unwittingly authorised, as they were discovered to be...
Read More