financialAdvice.co.uk RSS Feedhttp://www.financialadvice.co.ukFree answers to your financial questions in under 60 mins from a qualified financial adviser. Get financial advice and help with Pensions, Mortgages, Debt, Savings, Investments, Insurance and more.en-usCopyright (C) 2013 financialAdvice.co.ukNationwide to raise mortgage age limit to 85 yearsNationwide has announced that they will be increasing that age limit for paying off a mortgage to 85 years old, as of July. The changes will mean that somebody aged 65 years old could take out a 25-year mortgage, as long as they can demonstrate that they would be able to afford the repayments.http://www.financialadvice.co.uk/news/mortgages/20160509/nationwide-to-raise-mortgage-age-limit-to-85-years.htmlMon, 09 May 2016 11:35:50 -0700Thieves using identity of dead homeowners in scamsNew research has revealed that fraudsters are impersonating homeowners who have recently died to steal money in mortgage transactions. http://www.financialadvice.co.uk/news/property/20160506/fraudsters-impersonating-recently-dead-homeowners-in-mortgage-scamsFri, 06 May 2016 14:54:20 -0700UK construction activity falls to three-year lowNews: Growth in the United Kingdom construction sector fell to the lowest rate in nearly three years in Aprilhttp://www.financialadvice.co.uk/news/ukeconomy/20160504-uk-construction-activity-falls-to-three-year-low.htmlWed, 04 May 2016 11:45:13 -0700Warnings that Universal Credit is veering off track A think tank warns that the government's flagship benefit reform has serious design flaws and has gone off track due to cost-cutting.http://www.financialadvice.co.uk/news/ukeconomy/20160428/resolution-foundation-accuses-universal-credit-of-veering-off-trackTue, 03 May 2016 15:28:40 -0700MPs criticise the government Right to Buy extension plan MPs have criticised the governments plans to extend the Right to Buy to Housing Association tenants.http://www.financialadvice.co.uk/news/property/20160429/mps-criticise-governments-right-to-buy-extension-planFri, 29 Apr 2016 10:23:51 -0700UK house prices growth slowed down during AprilThe UK house price growth has slowed down this April, according to Nationwide Building Society. http://www.financialadvice.co.uk/news/property/20160428/UK-house-prices-growth-slowed-down-during-AprilThu, 28 Apr 2016 10:34:16 -0700Over 230,000 withdraw money from pensionsOver 230,000 people have withdrawn money from their retirement savings, since pension freedoms were introduced a year ago.http://www.financialadvice.co.uk/news/pensions/20160427/over-230000-withdraw-money-from-pensions.htmlWed, 27 Apr 2016 14:04:34 -0700Ofgem’s investigation shows how Scottish Power failed its customersNews | Energy industry regulator has today announced its results of a recent investigation into Scottish Power, which found the firm’s billing, complaint resolution and call handling at inadequate levels. http://www.financialadvice.co.uk/news/householdbills/20160426/Ofgems-investigation-shows-how-Scottish-Power-failed-its-customersTue, 26 Apr 2016 09:33:30 -0700Study reveals fathers earn 21% more than childless menA study has found that fathers out-earn childless men by more than a fifth, whilst the effect is reversed for mothers. The study was commissioned by think tank IPPR for the Trade Union Centre (TUC), and was based on 17,000 people.http://www.financialadvice.co.uk/news/ukeconomy/20160425/study-reveals-fathers-earn-21-pc-more-than-childless-men.htmlMon, 25 Apr 2016 10:52:06 -0700Significant risk to pensioners who choose to sell their annuities – FCANews | An estimation has been provided by the government that 30,000 people are expected to cash in their pension products when the changes begin.http://www.financialadvice.co.uk/news/pensions/20160422/risk-to-pensioners-who-choose-to-sell-their-annuities-FCAFri, 22 Apr 2016 10:33:45 -07005,000 victims fooled by fraudsters during 2015It has been reported that more than 5,000 people were conned by fraudsters last year into sending planned payments to false bank accounts.http://www.financialadvice.co.uk/news/householdbills/20160421/victims-fooled-by-fraudsters-during-2015Thu, 21 Apr 2016 10:52:03 -0700High street sales dip by 3.9% due to recent cold weatherUK high street sales have reported a decrease in sales during March compared to the previous year as online shopping proves to be a popular alternative during the recent cold snap.http://www.financialadvice.co.uk/news/ukeconomy/20160418/high-street-sales-dip-as-the-retail-sector-struggles-with-the-recent-cold-weatherMon, 18 Apr 2016 10:39:09 -0700Fall in wholesale energy costs creates call for price cutsUk gas and electricity wholesale prices have dropped to their lowest level which has created a demand for suppliers to cut bills by 10 http://www.financialadvice.co.uk/news/householdbills/20160403/fall-in-wholesale-energy-costs-creates-call-for-price-cuts.htmlWed, 13 Apr 2016 14:21:48 -0700Tesco to offer Sainsbury’s Brand Match to customersTesco has announced that it will offer customers who have valid Sainsbury’s Brand Match money-off vouchers a two month extension to the scheme which is due to end on 26th April.http://www.financialadvice.co.uk/news/householdbills/20160412/tesco-offer-sainsburys-brand-match-customers.htmlTue, 12 Apr 2016 10:17:34 -0700EU vote could slow house price growth House price growth in the UK could slow down due to the uncertainty of the EU referendum, according to the Halifax. The lender claimed that property prices in the UK have increased by 10.1% over the past 12 months, which means that the average residential property is now worth £214,811. http://www.financialadvice.co.uk/news/property/20160408/eu-vote-could-slow-house-price-growth.htmlFri, 08 Apr 2016 10:35:33 -0700Tax credit repayment rate could cause ‘financial hardship’Families could face “serious financial hardship” under new rules around overpaid tax credits, according to campaigners.http://www.financialadvice.co.uk/news/householdbills/20160407/tax-credit-repayment-rate-could-cause-financial-hardship.htmlThu, 07 Apr 2016 14:48:14 -0700Fixed mortgage rates fall to record lowsMortgage rates for two and three year fixed rate loans have fallen to record lows in February, according to research by the Mortgage Advice Bureau.http://www.financialadvice.co.uk/news/property/20160404/fixed-rate-mortgag-rates-fall-record-low.htmlMon, 04 Apr 2016 13:15:06 -0700Lifetime ISA: Government urged to clear “muddy waters”The Chancellor has been told to urgently establish an independent pensions review after confusion over the role of the Lifetime ISAhttp://www.financialadvice.co.uk/news/pensions/20160331-lifetime-isa-government-urged-to-clear-muddy-waters.htmlThu, 31 Mar 2016 15:51:58 -0700Landlords to face tougher mortgage affordability testsNews: The Bank of England will try to cool the UK housing market by introducing tougher borrowing standards for buy-to-let investorshttp://www.financialadvice.co.uk/news/mortgages/20160329-landlords-to-face-tougher-affordability-tests-on-buy-to-let-purchases.htmlTue, 29 Mar 2016 15:57:04 -0700Rudd: Leaving the EU could push up billsEnergy bills could rise by more than £500 million by the 2020s if Britain left the EU on 23rd June, according to Amber Rudd, the UK’s energy secretary. http://www.financialadvice.co.uk/news/householdbills/20160324/rudd-leaving-the-eu-could-push-up-bills.htmlThu, 24 Mar 2016 12:09:59 -0700Landline charges could be scrapped for internet usersBroadband users could be exempted from landline rental charges if they do not use the service, under new proposals which are to be put forward by the Culture minister.http://www.financialadvice.co.uk/news/householdbills/20160322/landline-charges-could-be-scrapped-for-internet-users.htmlTue, 22 Mar 2016 16:59:25 -0700Household debt set to increase, according to OBRNews: Household debt will continue to increase YOY according to OBR, until at least the end of the decade.http://www.financialadvice.co.uk/news/ukeconomy/20160318-household-debt-set-to-increase-according-to-obr.htmlFri, 18 Mar 2016 14:08:18 -0700House price growth could slow downHouse price growth will slow down over the next three months as tax changes take effect, according to the Royal Institution of Chartered Surveyors (Rics).http://www.financialadvice.co.uk/news/property/20160314/house-price-growth-could-slow-down.htmlMon, 14 Mar 2016 11:46:51 -0700Zero hour contracts on the riseThe number of workers on zero-hours contracts has increased to its highest ever level since figures were recorded, according to a report by the Office for National Statistics (ONS).http://www.financialadvice.co.uk/news/ukeconomy/-zero-hour-contracts-on-the-rise.htmlThu, 10 Mar 2016 15:43:29 -0800Most people unaware of the new personal savings allowance Up to 90 per cent of people are unaware of changes to the new personal savings allowance, despite it coming into effect in less than one month time.http://www.financialadvice.co.uk/news/savings/20160307/most-people-unaware-of-the-new-personal-savings-allowance.htmlMon, 07 Mar 2016 12:13:00 -0800Most people unaware of the new personal savings allowance Up to 90 per cent of people are unaware of changes to the new personal savings allowance, despite it coming into effect in less than one month time.http://www.financialadvice.co.uk/news/savings/20160307/most-people-unaware-of-the-new-personal-savings-allowance.htmlMon, 07 Mar 2016 12:12:24 -0800Pension reforms will not result in PPI style scandal – FCA chiefThe government has been assured that pension freedoms will not result in customers being mis-sold financial products on the same scale as the Payment Protection Insurance (PPI) scandal.http://www.financialadvice.co.uk/news/pensions/03032016/pension-reforms-will-not-result-in-ppi-scandal-fca-chief.htmlThu, 03 Mar 2016 11:38:03 -0800Eurozone slips back into deflationThe eurozone slipped back into deflation in February, as new figures showed that consumer prices fell by 0.2%. The figures are a surprise, given that inflation increased by 0.3% in January. Additionally, this is the first fall in inflation since September.http://www.financialadvice.co.uk/news/ukeconomy/20160229/eurozone-slips-back-into-deflation.htmlMon, 29 Feb 2016 17:01:31 -0800Big banks have too much control over customer payments Big banks have too much control over the systems that allow customers to pay for things and should loosen their stranglehold on the market, according to the Payment Systems Regulator. http://www.financialadvice.co.uk/news/ukeconomy/20160226/big-banks-too-much-control-over-customer-payments.htmlFri, 26 Feb 2016 14:03:16 -0800PPI claims management firms take 25% of pay outsClaims management firms that specialise in payment protection insurance (PPI) claims took almost a quarter of consumer’s compensation, between April 2011 and November 2015.http://www.financialadvice.co.uk/news/insurance/ppi-claims-management-firms-take-25-per-cent-pay-cuts.htmlWed, 24 Feb 2016 13:56:30 -0800Probate fee proposals could mean millions pay more Millions of people will be required to pay an increased fee when they die, if new proposals from the Ministry of Justice go ahead.http://www.financialadvice.co.uk/news/tax/probate-fee-proposals-could-mean-milllions-pay-more-when-they-die.htmlMon, 22 Feb 2016 11:46:51 -0800First-time buyers spend £52,900 on rent First-time buyers will have already spent an average of £52,900 on rent before they move into their first house, with costs rising to £64,400 for those starting to rent nowhttp://www.financialadvice.co.uk/news/property/20160212/first-time-buyers-spend-59000-on-rent.htmlFri, 12 Feb 2016 11:10:09 -0800Parents in their 50s faced with diminishing inheritances Parents in their 50s may see their inheritances diminished as their older parents use their assets to assist grandchildren or pay for their own social care needs, according to a report from the Social Market Foundation (SMF). http://www.financialadvice.co.uk/news/ukeconomy/20160210/parents-in-their-50s-faced-with-diminishing-inheritances.htmlWed, 10 Feb 2016 11:21:07 -0800Cyber criminals hijack HMRC self assessment records Cyber criminals are stealing money by hijacking peoples HMRC self assessment records. Fraudsters are using “phishing” techniques to gain personal information, such as taxpayers HMRC login details. http://www.financialadvice.co.uk/news/ukeconomy/20160208/cyber-criminals-hijack-HMRC-self-assessment-records.htmlMon, 08 Feb 2016 11:39:55 -0800250,000 Help-To-Buy ISAs opened since December The new Help-to-Buy ISA has proved to be a success so far with roughly 250,000 people choosing to open an account since its launch on the 1st December. http://www.financialadvice.co.uk/news/mortgages/20160205/250000-help-to-buy-ISAs-opened-since-december.htmlFri, 05 Feb 2016 10:44:44 -0800Universal Credit to leave working families worse off The introduction of Universal Credit (UC), which will combine six different types of benefits into one monthly payment, will leave working families worse off, according to the Institute of Fiscal Studies (IFS). http://www.financialadvice.co.uk/news/ukeconomy/20160203/universal-credit-to-leave-working-families-worse-off.htmlWed, 03 Feb 2016 10:32:47 -0800Personal insolvencies fall to 10 year low The number of people declaring insolvency reached its lowest point in 10 years in 2015, according to official figures from the Insolvency Service. http://www.financialadvice.co.uk/news/householdbills/20160201/personal-insolvencies-fall-to-10-year-low.htmlMon, 01 Feb 2016 10:45:30 -0800SSE to cut gas prices Another energy supplier has announced that it will be cutting gas prices in the wake of falling wholesale costs.http://www.financialadvice.co.uk/news/householdbills/20160129/sse-to-cut-gas-prices.htmlFri, 29 Jan 2016 11:09:11 -0800Average house purchase deposit hits over £80,000 The Mortgage Advice Bureau (MAB) has released figures showing that the average house purchase deposit rose to over £80,000 in December. http://www.financialadvice.co.uk/news/property/20160127/average-house-purchase-deposit-hits-over-80000.htmlWed, 27 Jan 2016 11:10:34 -0800Rent prices increase 3.4% Rent prices in England and Wales increased by 3.4% over 2015, according to figures from estate agents Your Move and Reeds Rain. http://www.financialadvice.co.uk/news/property/20160125/rent-prices-increase-3-4.htmlMon, 25 Jan 2016 10:54:45 -0800Current account switches fell 10% in 2015The number of people switching bank accounts fell by 10% last year, despite high profile campaigns aimed at encouraging people to switch. http://www.financialadvice.co.uk/news/bankaccounts/20150122/current-account-switches-fell-by-10-in-2015.htmlFri, 22 Jan 2016 10:41:48 -0800E.On to cut gas prices by 5.1% Energy provider E.On has announced a 5.1% reduction in their gas prices, making them the first of the UK’s big six energy suppliers to cut prices after increased pressure from Ofgem, politicians and campaign groups. http://www.financialadvice.co.uk/news/householdbills/20160120/eon-to-cut-gas-prices-by-5-1.htmlWed, 20 Jan 2016 10:49:42 -0800New state pension unfair to women The new state pension, which from April will replace basic and additional pensions for people reaching retirement age, has been accused of being unduly harsh to women by a group of MPs. http://www.financialadvice.co.uk/news/pensions/20160118/new-state-pension-unfair-to-women.htmlMon, 18 Jan 2016 15:57:05 -0800Energy suppliers under increased pressure to lower prices The end of 2015 saw wholesale gas and energy prices hit a five year low in the UK, which has lead to increased pressure on the UK’s big six energy suppliers to cut their prices. http://www.financialadvice.co.uk/news/householdbills/20160115/energy-suppliers-under-increased-pressure-to-lower-prices.htmlFri, 15 Jan 2016 10:45:33 -0800MPs: Poor oversight by Ofwat has lead to higher water billsA committee of MPs have claimed that poor oversight by regulator Ofwat has lead to millions of families paying too much for their water. http://www.financialadvice.co.uk/news/householdbills/20160113/mps-poor-oversight-by-ofwat-has-lead-to-higher-water-bills.htmlWed, 13 Jan 2016 10:08:48 -0800Consumers urged to consider account options as fees increase Santander will be increasing the fees on their 123 current account, almost doubling the amount consumers will have to pay.http://www.financialadvice.co.uk/news/bankaccounts/20160111/consumers-urged-to-consider-account-options-as-fees-increase.htmlMon, 11 Jan 2016 10:20:03 -0800Sports Direct rocked by poor Christmas sales FTSE 100 retailer, Sports Direct, has issued a warning regarding profits after poor trading over the Christmas period.http://www.financialadvice.co.uk/news/ukeconomy/20160108-sports-direct-rocked-by-poor-christmas-sales.htmlFri, 08 Jan 2016 16:46:47 -0800Chancellor warns of threats to stability of UK economyChancellor George Osborne has said that the stability of the UK economy could come under serious threat in 2016. He said that this year is likely to be one of the toughest since the financial crisis, and that 2016 is “the year of mission critical”, rather than “mission accomplished”.http://www.financialadvice.co.uk/news/ukeconomy/20160107/chancellor-warns-threats--uk-economy.htmlThu, 07 Jan 2016 11:57:01 -0800European stock markets dive to 16 year New Year lowNews: European stock markets record their worst start to the year since 2000, as weak data from China caused worldwide volatility.http://www.financialadvice.co.uk/news/ukeconomy/20160105-european-stock-markets-record-worst-start-to-the-year-since-2000.htmlTue, 05 Jan 2016 12:12:17 -0800Cost of flooding could exceed £1.5 billion The cost of heavy flooding through the north of England could exceed £1.5 billion according to accountancy firm PwC. http://www.financialadvice.co.uk/news/ukeconomy/20151229/cost-of-flooding-could-exceed-1-5-billion.htmlTue, 29 Dec 2015 10:46:37 -0800UK rent costs to increase faster than house prices Surveyors have warned that the cost of renting a property in the UK could rise faster than house prices over the next five years.http://www.financialadvice.co.uk/news/property/20151223/UK-rent-costs-to-increase-faster-than-house-prices.htmlWed, 23 Dec 2015 10:44:07 -0800Rail companies not giving enough info on refunds Consumer watchdog Which? has claimed that rail companies are not giving customers enough information about refunds they can receive for delays.http://www.financialadvice.co.uk/news/ukeconomy/20151221/rail-companies-not-giving-enough-info-on-refunds.htmlMon, 21 Dec 2015 10:32:00 -0800Npower to pay £26 million fine Energy firm Npower has been forced to pay a fine of £26 million after a series of inaccurate bills and failings in complaint handling. http://www.financialadvice.co.uk/news/householdbills/20151218/npower-to-pay-26-million-fine.html Fri, 18 Dec 2015 11:19:46 -0800UK’s employment rate falls as wage growth slows The UK’s unemployment rate has fallen to the lowest level in nearly 10 years to 5.2% in the three months leading to October. http://www.financialadvice.co.uk/news/ukeconomy/20151216/uks-employment-rate-falls-as-wage-growth-slows.htmlWed, 16 Dec 2015 11:31:17 -0800Council tenants to lose right to lifetime occupation The government has announced new plans that mean council tenants will lose the right to stay in their homes for life. http://www.financialadvice.co.uk/news/property/20151211/council-tenants-to-lose-right-to-lifetime-occupation.htmlFri, 11 Dec 2015 10:31:41 -0800Retirees still value guaranteed income Public demand for a guaranteed income in retirement is still high, despite the fears that the recent pension reforms would spell the end for annuities. http://www.financialadvice.co.uk/news/pensions/20151209/retirees-still-value-guaranteed-income.htmlWed, 09 Dec 2015 10:39:33 -0800Stamp Duty changes save buyers £4,500Anyone who has bought a house or flat in the past 12 months has saved an average of £4,500 thanks to the Stamp Duty changes introduced by Chancellor George Osborne.http://www.financialadvice.co.uk/news/property/20151207/stamp-duty-changes-save-buyers-4500.htmlMon, 07 Dec 2015 10:35:09 -0800Average rail fares to increase by 1.1% Average rail fares are due to increase by 1.1% from the 2nd January 2016, the Rail Delivery Group (RDG) has announced. http://www.financialadvice.co.uk/news/ukeconomy/20151204/average-rail-fares-to-increase-by-1-1.htmlFri, 04 Dec 2015 10:52:09 -0800OECD: UK has one of the least generous state pensions The UK state pension has been found to be one of the least generous in the world, according to a report from The Organisation for Economic Co-operation and Development (OECD).http://www.financialadvice.co.uk/news/pensions/20151202/oecd-uk-has-one-of-the-least-generous-state-pensions.htmlWed, 02 Dec 2015 10:16:49 -0800RBS and Standard Chartered weakest UK lenders The Royal Bank of Scotland (RBS) and Standard Chartered have been shown as the weakest out of the UK’s seven largest lenders in a Bank of England (BoE) stress test. http://www.financialadvice.co.uk/news/loans/20150112/rbs-and-standard-chartered-weakest-uk-lenders.htmlTue, 01 Dec 2015 10:20:29 -0800FCA: PPI compensation can only be claimed up to 2018People in the UK who were mis-sold payment protection insurance (PPI) will now have until 2018 to claim compensation under new regulations introduced intending to draw a line under the issue. http://www.financialadvice.co.uk/news/insurance/fca-ppi-compensation-can-only-be-claimed-up-to-2018.htmlFri, 27 Nov 2015 10:36:35 -0800Age UK launches their Campaign for Warm Homes Charity Age UK has discovered evidence that one person (generally elderly) will die every seven minutes from cold related diseases this winter.http://www.financialadvice.co.uk/news/pensions/20151125/age-uk-launches-their-campaign-for-warm-homes.htmlWed, 25 Nov 2015 10:08:49 -0800ICO looks into 1000 data share companies The Information Commissioners Office (ICO) will be investigating 1000 companies that are involved in buying and selling data to ensure that they are acting within the law.http://www.financialadvice.co.uk/news/ukeconomy/ICO-looks-into-1000-data-share-companies.htmlMon, 23 Nov 2015 11:22:54 -0800Young people to be poorer than parents Young people may be poorer than their parents at every step of their lives, according to a new report from the Institute of Fiscal Studies (IFS).http://www.financialadvice.co.uk/news/ukeconomy/20151120/young-people-to-be-poorer-than-parents.htmlFri, 20 Nov 2015 10:48:49 -0800Just 26% of 20-39 year olds will own a home in 2025 Only 26% of people aged 20-39 years old will have their foot on the housing ladder by 2025 according to a report from PwC.http://www.financialadvice.co.uk/news/property/20151811/just-26-pc-of--20-39-year-olds-will-own-a-home-in-2025.htmlWed, 18 Nov 2015 12:10:08 -0800Number of new homes built sees 25% increaseThe number of new homes built in England in the last year has increase by 25% according to figures from the Department for Local Communities and Local Government.http://www.financialadvice.co.uk/news/property/20151116/number-of-new-homes-built-sees-25-increase.htmlMon, 16 Nov 2015 11:44:51 -0800EU welfare reforms could encourage low earners not to workGovernment plans to stop EU migrants claiming in-work benefits would encourage some British workers to give up their job, according to some government officials. The prime minister is making welfare reform within the EU a key demand ahead of the proposed in-out referendum.http://www.financialadvice.co.uk/news/ukeconomy/20151113/eu-welfare-reforms-could-encourage-low-earners-not-to-work.htmlFri, 13 Nov 2015 16:35:44 -0800Anti-fraud group warns of new computer scam Anti-fraud group Financial Fraud Action (FFA) has warned consumers against a new scam were criminals use technology to take over victim’s computers and steal personal information.http://www.financialadvice.co.uk/news/bankaccounts/20151111/anti-fraud-group-warns-of-new-computer-scam.htmlWed, 11 Nov 2015 11:30:35 -0800Government to announce 30% cuts to four departmentsChancellor George Osborne is set to announce spending cuts of an average of 30% for four government departments. The cuts will be introduced over the next four years and are set to affect the transport, local government and environment departments. http://www.financialadvice.co.uk/news/ukeconomy/20151103/government-to-announce-30-percent-cuts-to-four-departments.htmlMon, 09 Nov 2015 13:57:33 -0800Over 55s property wealth is set to double in 20 years The total property wealth owned by people aged over 55 is set to double to a massive £2.5 trillion by 2035, according to research conducted by Age Partnership. http://www.financialadvice.co.uk/news/property/20151106/over-55s-property-wealth-is-set-to-double-in-20-years.htmlFri, 06 Nov 2015 10:43:42 -0800Over 55s withdraw £4.7 billion under new pension freedoms Figures from the Association of British Insurers (ABI) have shown that the over 55s have withdrawn £4.7 billion under the new pension freedoms introduced in April. http://www.financialadvice.co.uk/news/pensions/20151104/over-55s-withdraw-4-7-billion-under-new-pension-freedoms.htmlWed, 04 Nov 2015 10:23:31 -0800Voluntary living wage to rise by 40p an hour The voluntary living wage in the UK is set to rise by 40p from £7.85 to £8.25 per hour.http://www.financialadvice.co.uk/news/ukeconomy/20151103/voluntary-living-wage-to-rise-by-40-p-an-hour.htmlTue, 03 Nov 2015 10:01:22 -080070% of scam victims do not have their money returned Up to 70% of people who lose money in financial scams do not have their money returned, according to figures from the RBS Group.http://www.financialadvice.co.uk/news/bankaccounts/20151030/70-of-scam-victims-do-not-have-their-money-returned.htmlFri, 30 Oct 2015 11:07:16 -0700UK adults have “stubbornly low” financial skills A fifth of UK adults are unable to read a bank statement properly, according to research from the Money Advice Service. http://www.financialadvice.co.uk/news/bankaccounts/20151028/uk-adults-have-subbornly-low-interest-rates.htmlWed, 28 Oct 2015 11:45:03 -0700House of Lords to decide on child tax credit cuts The House of Lords will today vote on motions that could delay the controversial tax credit cuts or even stop them all together.http://www.financialadvice.co.uk/news/ukeconomy/20151026/house-of-lords-to-decide-on-child-tax-credit-cuts.htmlMon, 26 Oct 2015 10:07:00 -0700Jobseekers to be given 14 days warning before sanction Jobseekers will be given a warning period of 14 days before they are faced with benefit sanctions under a new scheme that will be brought in next year, according to the government.http://www.financialadvice.co.uk/news/ukeconomy/20151023/jobseekers-to-be-given-14-days-warning-before-sanction.htmlFri, 23 Oct 2015 11:11:44 -0700Work Programme failing over 70% of claimants A committee of MP’s has found that almost 70% of people made to go through the governments welfare-to-work scheme are not successful in finding long term employment. http://www.financialadvice.co.uk/news/ukeconomy/20151021/work-programme-failing-over-70-of-claimants.htmlWed, 21 Oct 2015 09:22:27 -0700Rent prices rise 8.9% Rent prices have increased by an average of 8.3% over the past year, as the average price of rent paid by private tenants rose to £816 in September. http://www.financialadvice.co.uk/news/property/20151019/rent-prices-rise-8-9.htmlMon, 19 Oct 2015 08:58:25 -0700Third of fraud victims are 65 or older One in three fraud victims are 65 years old or older, according to data from charity Victim Support. http://www.financialadvice.co.uk/news/bankaccounts/20151016/third-of-fraud-victims-are-65-or-older.htmlFri, 16 Oct 2015 08:37:14 -0700UK water providers fail to pass savings onto customers UK water providers have pocketed a £800 million windfall instead of passing the savings onto customers, according to spending watchdog The National Audit Office (NAO).http://www.financialadvice.co.uk/news/householdbills/20151014/UK-water-providers-fail-to-pass-savings-onto-customers.htmlWed, 14 Oct 2015 10:00:22 -0700Scam mail losses total £13 million Victims of scams via post lose more than £1,000 each year and have an average age of 74, according to an investigation from National Trading Standards (NTS).http://www.financialadvice.co.uk/news/bankaccounts/20151012/scam-mail-losses-total-13-million.htmlMon, 12 Oct 2015 09:44:02 -07002013 saw 1.1m people with mortgage debt 4.5 times their income More than 1.1 million people in the UK were straddled with mortgage debts more than 4.5 times their income in 2013, according to figures from the Office of National Statistics (ONS). http://www.financialadvice.co.uk/news/mortgages/20151009/2013-saw-1-1-m-people-with-mortgage-debt-4-5-times-their-income.htmlFri, 09 Oct 2015 12:42:11 -0700Tesco reports 55% fall in profits Supermarket giant Tesco has seen a fall in profits of 55% due to competition from discount stores and the ongoing supermarket price war.http://www.financialadvice.co.uk/news/ukeconomy/20151007/tesco-reports-55-fall-in-profits.htmlWed, 07 Oct 2015 13:07:17 -0700Shops to charge 5p for bags from today Shoppers in England will now be hit with a 5p charge for plastic carrier bags in all supermarkets and large shops in the UK. http://www.financialadvice.co.uk/news/ukeconomy/20151005/shops-to-charge-5p-for-bags-from-today.htmlMon, 05 Oct 2015 09:09:28 -0700Which? calls for current account market overhaul Consumer watchdog Which? has called for regulators to name and shame the worst current account providers in the UK.http://www.financialadvice.co.uk/news/bankaccounts/20151002/which-calls-for-current-account-market-overhaul.htmlFri, 02 Oct 2015 09:21:57 -0700Company fined record £200,000 for nuisance phone calls A firm selling solar panels have been given a record fine from the Information Commissioner for making nuisance calls after new rules were introduced earlier this year.http://www.financialadvice.co.uk/news/ukeconomy/20150930/company-fined-record-200000-for-nuisance-phone-calls.htmlWed, 30 Sep 2015 09:35:08 -0700Report finds many cars not as fuel efficient as claimed Motorists are being tricked into buying cars that claim to be more fuel efficient than they really are, according to lobby group Transport & Environment.http://www.financialadvice.co.uk/news/householdbills/20150928/report-finds-many-cars-not-as-fuel-efficient-as-claimed.htmlMon, 28 Sep 2015 10:12:40 -0700Young people face “stifling” levels of debt Young people are facing “stifling” amounts of debt as they borrow from banks, payday lenders and family members, according to debt charity Citizens Advice. http://www.financialadvice.co.uk/news/loans/20150925/young-people-face-stifling-levels-of-debt.htmlFri, 25 Sep 2015 10:02:17 -0700Borrowers don’t consider balance transfer fees Borrowers may be paying more than expected in balance transfer credit card fees after being attracted by 0% interest offers, consumer group Which? has warned.http://www.financialadvice.co.uk/news/creditcards/20150923/borrowers-dont-consider-balance-transfer-fees.htmlWed, 23 Sep 2015 09:23:02 -0700Government to build one million homes The UK government has aimed to build one million new homes in England by 2020 in a bid to combat the current housing crisis.http://www.financialadvice.co.uk/news/property/20150921/government-to-build-one-million-homes.htmlMon, 21 Sep 2015 09:48:35 -0700Complaints to water companies fall for 7th consecutive yearComplaints to water companies fell by 13.4% this year, which is the seventh year in a row that complaints have fallen.http://www.financialadvice.co.uk/news/householdbills/20150918/complaints-to-water-companies-fall-for-7-consecutive-year.html Fri, 18 Sep 2015 09:22:23 -0700UK could run out of diesel The RAC Foundation has claimed that Britain’s diesel pumps could “run dry” due to a continuing dependence on foreign fuel. http://www.financialadvice.co.uk/news/ukeconomy/20150916/UK-could-run-out-of-diesel.html Wed, 16 Sep 2015 08:54:01 -0700Santander ups fees on “123” current account Santander, one of the UK’s biggest banks, have announced that they are more than doubling the charges on it’s main current account, leaving customers out of pocket.http://www.financialadvice.co.uk/news/bankaccounts/20150914/santander-ups-fees-on-123-current-account.htmlMon, 14 Sep 2015 09:51:12 -0700Banks still “paying the price” for PPI scandal Banks are still “paying the price” for the PPI scandal 10 years after the problem erupted, according to Citizens Advice. http://www.financialadvice.co.uk/news/insurance/20150911/banks-still-paying-the-price-for-ppi-scandal.htmlFri, 11 Sep 2015 09:03:10 -0700Plastic bag use down 71% since levy introduced The number of plastic bags handed out in shops and supermarkets fell by 71% in Wales since a 5p charge was introduced in 2011, a change which England will be hoping to replicate when it introduces the charge next month. http://www.financialadvice.co.uk/news/ukeconomy/20150909/plastic-bag-use-down-71-since-levy-introduced.htmlWed, 09 Sep 2015 09:30:11 -0700Families face “decade of declining living standards” Unemployed couples with children will be faced with a “decade of sharply declining living standards” due to cuts in benefits, according to anti poverty campaigners. http://www.financialadvice.co.uk/news/ukeconomy/20150907/families-face-decade-of-declining-living-standards.htmlMon, 07 Sep 2015 09:45:35 -0700One million people at risk of house repossessions New research from Citizens Advice has shown that almost 1 million people are at risk of having their homes repossessed because they have no way of paying off their interest-only mortgage. http://www.financialadvice.co.uk/news/mortgages/20150904/one-million-people-at-risk-of-house-repossessions.htmlFri, 04 Sep 2015 10:18:49 -0700State pension age to rise to 70 by 2050The state pension age may rise to age 70 by 2050 as the Office for National Statistics (ONS) revealed a sharp rise in life expectancy. http://www.financialadvice.co.uk/news/pensions/20150903/state-pension-age-to-rise-to-70-by-2050.htmlThu, 03 Sep 2015 15:02:18 -0700£20 notes to become plastic Paper banknotes are set to become a thing of the past, as the Bank of England (BoE) announces that the new £20 note will be made of plastic. http://www.financialadvice.co.uk/news/bankaccounts/20150903/20-notes-to-become-plastic.htmlThu, 03 Sep 2015 09:09:11 -0700Zero hours contacts increase The amount of UK businesses offering zero hour contracts has increased by 6% over the last year, according to official figures. http://www.financialadvice.co.uk/news/ukeconomy/20150902/zero-hour-contracts-increase.htmlWed, 02 Sep 2015 15:20:24 -0700Tougher penalties for non- payment of National Living Wage When the National Living Wage is introduced in April 2016, the government will also implement harsher penalties for employers who do not pay their workers the £7.20 an hour minimum. http://www.financialadvice.co.uk/news/ukeconomy/20150902/tougher-penalties-for-none-payment-of-national-living-wage.htmlWed, 02 Sep 2015 10:22:35 -0700Contactless card limit increases to £30The contactless card limit was increased to £30 over the weekend, meaning shoppers will now be able to spend up to £30 on their card without using their pin number. http://www.financialadvice.co.uk/news/bankaccounts/20150901/Contactless-card-limit-increases-to-£30.htmlTue, 01 Sep 2015 15:07:35 -0700HSBC customers not paid after software problem Thousands of HSBC customers have not received expected funds in their bank accounts today, just before the bank holiday weekend.http://www.financialadvice.co.uk/news/bankaccounts/20150828/HSBC-customers-not-paid-after-software-problem.htmlFri, 28 Aug 2015 14:03:30 -0700500,000 people to use pension to pay off mortgage Over half a million people in the UK are planning on taking advantage of the pension reforms to help repay their mortgage, according to data from annuity provider Partnership. http://www.financialadvice.co.uk/news/pensions/20150828/500000-people-to-use-pension-to-pay-off-mortgage.htmlFri, 28 Aug 2015 10:34:19 -0700Local authorities send out 2 million bailiffs Local authorities used bailiffs more than 2 million times last year, according to research from the Money Advice Trust (MAT). http://www.financialadvice.co.uk/news/loans/20150827/local-authorities-send-out-2-million-bailiffs.htmlThu, 27 Aug 2015 13:51:52 -0700British Gas customers still being short changed Millions of British Gas customers will be seeing their bills fall after a 5% price slash in the coming months, but many industry experts have claimed that the supplier is still “short changing” their customers. http://www.financialadvice.co.uk/news/householdbills/20150827/British-gas-customers-still-being-short-changed.htmlThu, 27 Aug 2015 10:14:37 -0700UK bonuses almost at pre-crisis levels Bonuses UK workers received in the year 2014/15 were almost as high as pre-financial crisis levels, according to figures from the Office for National Statistics (ONS).http://www.financialadvice.co.uk/news/ukeconomy/20150826/UK-bonuses-almost-at-pre-crisis-levels.htmlWed, 26 Aug 2015 13:39:06 -0700UK workers not prepared for illness or injury Over half of workers in the UK believe that their savings would not last them more than three months if they lost their job due to illness or injury. http://www.financialadvice.co.uk/news/householdbills/20150826/UK-workers-not-prepared-for-illness-or-injury.htmlWed, 26 Aug 2015 09:28:01 -0700Package accounts see complaints shoot up New figures from the financial ombudsman have revealed that the number of complaints about “package” bank accounts has increased dramatically. http://www.financialadvice.co.uk/news/bankaccounts/20150825/package-accounts-see-complaints-shoot-up.htmlTue, 25 Aug 2015 13:56:27 -0700Duncan Smith plans changes to sickness benefit Iain Duncan Smith is planning cuts to sickness benefit, meaning many claimants may be forced to take up some form of work, even if it’s just for a few hours http://www.financialadvice.co.uk/news/ukeconomy/20150825/duncan-smith-plans-changes-to-sickness-benefit.htmlTue, 25 Aug 2015 09:26:53 -070020% of couples marry with hidden debt A recent study from Debt Advisory Centre has found that one in five people planning to marry soon are hiding some form of debt from their partner.http://www.financialadvice.co.uk/news/loans/20150824/20-of-couples-marry-with-hidden-debt.htmlMon, 24 Aug 2015 13:44:31 -0700Finance Ministers criticise Treasury’s spending cuts Finance Ministers in Scotland, Northern Ireland and Wales have claimed that the UK government is making spending cuts “too fast and too far”. http://www.financialadvice.co.uk/news/ukeconomy/20150824/finance-ministers-criticise-treasurys-spending-cuts.htmlMon, 24 Aug 2015 12:23:05 -0700Politicians call for London rent controls As London rent prices continue to increase, a group of politicians has called for more controls on landlords.http://www.financialadvice.co.uk/news/property/20150821/politicians-call-for-London-rent-controls.htmlFri, 21 Aug 2015 14:38:50 -0700Ageing population good for businesses Retirees in the UK now have more income than ever before, thanks to housing wealth and the introductions of the new pension freedoms.http://www.financialadvice.co.uk/news/pensions/20150821/ageing-population-good-for-businesses.htmlFri, 21 Aug 2015 09:28:18 -0700First-time buyers face £45,000 deposit In just 10 years time, first-time buyers may face having to save up £45,000 for a deposit on a house if they have any chance of getting their foot on the housing ladder.http://www.financialadvice.co.uk/news/mortgages/20150820/first-time-buyers-face-45000-deposit-htmlThu, 20 Aug 2015 14:04:29 -0700Employers claiming employees “self-employed” to save money Employers are claiming their employees are “self –employed” to avoid paying them holiday pay, the minimum wage, employers’ National Insurance, sick pay and pension contributions.http://www.financialadvice.co.uk/news/ukeconomy/2015/employers-claiming-employees-self-employed-to-save-money.htmlThu, 20 Aug 2015 09:45:59 -0700Over 50s turn to stock market to fund retirement A third of people over the age of 50 have turned to the stock market to help fund their retirement, according to research from Saga Share Direct. http://www.financialadvice.co.uk/news/pensions/20150819/over-50s-turn-to-stock-market-to-fund-retirement.htmlWed, 19 Aug 2015 13:13:09 -0700UK base rate to rise “pretty soon” UK interest rates will “rise pretty soon” according to Bank of England (BoE) policy maker David Miles. http://www.financialadvice.co.uk/news/ukeconomy/20150819/UK-base-rate-to-rise-pretty-soon.htmlWed, 19 Aug 2015 09:25:18 -0700Bank card insurance holders can claim compensation People who have been sold unnecessary insurance for their bank cards will be able to claim compensation under new rules from the Financial Conduct Authority (FCA). http://www.financialadvice.co.uk/news/bankaccounts/20150818/bank-card-insurance-holders-can-claim-compensation.htmlTue, 18 Aug 2015 13:03:25 -0700Rail fares rise three times faster than wages Rail fares have increased three times as faster than wages, according to research conducted by the Trade Union Congress (TUC).http://www.financialadvice.co.uk/news/ukeconomy/20150818/rail-fares-rise-three-times-faster-than-wages.htmlTue, 18 Aug 2015 09:24:46 -0700Savings rates begin to improve Savings rates, which have been at a record low for years, are finally beginning to edge upwards, according to research from Moneyfacts. http://www.financialadvice.co.uk/news/savings/20150817/savings-rates-begin-to-improve.htmlMon, 17 Aug 2015 13:53:36 -0700Insurance providers charging “eye watering” fees New research from consumer watchdog Which? has found a large variation in fees car insurance companies charge, with some “eye watering” fees totalling more than double the industry average. http://www.financialadvice.co.uk/news/insurance/20150817/insurance-providers-charging-eye-watering-fees.htmlMon, 17 Aug 2015 09:27:49 -0700FCO launches new travel insurance campaign The Foreign & Commonwealth Office (FCO) has warned holidaymakers against travelling without purchasing the correct travel insurance first. http://www.financialadvice.co.uk/news/householdbills/20150814/FCO-launches-new-travel-insurance-campaign.htmlFri, 14 Aug 2015 13:27:49 -0700Tourists outside EU face massive phone bills Holidaymakers who travel outside of the EU are unwittingly facing massive phone bills, according to debt charity Citizens Advice. http://www.financialadvice.co.uk/news/householdbills/20150814/tourists-outside-of-EU-face-massive-phone-bills.htmlFri, 14 Aug 2015 09:17:39 -070020% of Brits take out debt to pay for dates New research from Debt Advisory Centre has found that Brits are spending thousands on the search for love, with 20% of people in the UK using credit to pay for a date.http://www.financialadvice.co.uk/news/loans/20150813/20-of-brits-take-out-debt-to-pay-for-dates.htmlThu, 13 Aug 2015 15:37:51 -0700Government not doing enough to combat housing crisis The Royal Institute of Chartered Surveyors (Rics) has claimed that the UK government is still not doing enough to fix the current housing crisis. http://www.financialadvice.co.uk/news/property/20150813/government-not-doing-enough-to-combat-housing-crisis.htmlThu, 13 Aug 2015 09:22:39 -0700Unemployment rises to 1.85 million The number of people unemployed in the UK rose in the April to June period by 25,000, taking the current total to 1.85 million. http://www.financialadvice.co.uk/news/ukeconomy/20150812/unemployment-rises-to-1-85-million.htmlWed, 12 Aug 2015 13:24:12 -0700First year of secondary school costs parents £6,800Parents end up paying on average £6,800 throughout their children’s first year of secondary school, according to research from retailer John Lewis. http://www.financialadvice.co.uk/news/householdbills/20150812/first-year-of-secondary-school-costs-parents-6800.htmlWed, 12 Aug 2015 09:29:09 -0700Homeowners race to get homes remortgaged A large number of homeowners are racing to get their homes remortgaged before the base interest rate rises.http://www.financialadvice.co.uk/news/mortgages/20150811/homeowners-race-to-get-homes-remortgaged.html Tue, 11 Aug 2015 13:51:27 -0700Job prospects for young people looking brighter UK firms are looking to fill skills gaps by hiring young people, which will hopefully help with the tough jobs market young people are faced with. http://www.financialadvice.co.uk/news/ukeconomy/20150811/job-prospects-for-young-people-looking-brighter.htmlTue, 11 Aug 2015 09:55:06 -0700Airline passengers missing out on compensation More than 900,000 airline passengers who had their flights delayed in the past are potentially missing out on millions of pounds of compensation. http://www.financialadvice.co.uk/news/ukeconomy/20150810/airline-passengers-missing-out-on-compensation.htmlMon, 10 Aug 2015 14:29:12 -0700Sheffield council launch new loan service In a bid to combat the payday loan industry, the city of Sheffield will be offering a range of loans for poor residents. http://www.financialadvice.co.uk/news/loans/20150810/sheffield-council-launch-new-loan-service.htmlMon, 10 Aug 2015 09:07:49 -0700Sky investigated by Ofcom Sky is being investigated by the broadcasting watchdog, Ofcom, over concerns that customers who are attempting to cancel their plan are being ignored. http://www.financialadvice.co.uk/news/householdbills/20150807/sky-investigated-by-Ofcom.htmlFri, 07 Aug 2015 13:35:07 -0700Citizens Advice: Be aware of pension scams People over aged 55 are continually being targeted with cold calls and emails from criminals looking to access their pension funds, according to money charity Citizens Advice.http://www.financialadvice.co.uk/news/pensions/20150807/citizens-advice-be-aware-of-pension-scams.htmlFri, 07 Aug 2015 10:21:34 -0700Tenants at increased risk of repossessions Tenants face being evicted from their homes through no fault of their own when their landlords get into mortgage arrears, according to a report from Citizens Advice. http://www.financialadvice.co.uk/news/property/20150806/tenants-at-increased-risk-of-repossessions.htmlThu, 06 Aug 2015 15:11:18 -0700StepChange calls for savings incentives StepChange, a leading UK debt charity, has called for banks to add incentives to save, so that more families will have a financial “buffer” if something goes wrong.http://www.financialadvice.co.uk/news/bankaccounts/20150806/stepchange-calls-for-savings-incentives.htmlThu, 06 Aug 2015 10:08:37 -0700Claims company fined £220,000 under nuisance call rules A claims company making nuisance calls has been fined £220,000 under new government rules. http://www.financialadvice.co.uk/news/householdbills/20150805/Claims-company-fined-220000-under-nuisance-call-rules.html Wed, 05 Aug 2015 14:04:39 -0700Citizens Advice sees payday loan queries half Citizens Advice has reported a steady decline in the number of people seeking help due to debt from payday loan companies. http://www.financialadvice.co.uk/news/loans/20150805/citizens-advice-sees-payday-loan-queries-half.htmlWed, 05 Aug 2015 09:21:05 -0700End of July sees record Direct Debit payments The end of July saw 100 million Direct Debits processed in just one day, setting a new record and marking another milestone on the path of the UK becoming a cashless society. http://www.financialadvice.co.uk/news/bankaccounts/20150804/end-of-july-sees-record-direct-debit-payments.htmlTue, 04 Aug 2015 14:14:19 -0700Nationwide sees house price growth accelerate The latest housing pricing index from Nationwide has shown that the increase of pace in UK house prices accelerated in July to 3.5%. http://www.financialadvice.co.uk/news/property/20150804/nationwide-sees-house-price-growth-accelerate.htmlTue, 04 Aug 2015 09:41:17 -0700Under 25s rely on credit for living costs People under the age of 25 in the UK are turning to credit cards and loans to help them pay housing costs and utility bills, according to a report from the Debt Advisory Centre.http://www.financialadvice.co.uk/news/loans/20150803/under-25s-rely-on-credit-for-living-costs.htmlMon, 03 Aug 2015 13:38:02 -0700Private rents increase by 2.5% Private rents paid to landlords rose by 2.5% over the last year, according to official figures from the Office of National Statistics.http://www.financialadvice.co.uk/news/property/20150803/private-rents-increase-by-2-5.htmlMon, 03 Aug 2015 09:31:05 -0700IMF likely to delay contributions to Greek bailoutThe International Monetary Fund (IMF) has indicated that they will delay any contributions to a Greek bailout. The IMF will likely provide funds at a later date, but could hold off at the initial stages.http://www.financialadvice.co.uk/news/loans/20150731/imf-likely-to-delay-contributions-to-greek-bailout.htmlFri, 31 Jul 2015 10:01:33 -0700Government begins consultation over pension exit fees The government has today launched a consultation in regards to the issue of whether pension exit fees should be capped. http://www.financialadvice.co.uk/news/pensions/20150730/government-begins-consultation-over-pension-exit-fees.htmlThu, 30 Jul 2015 13:51:46 -0700British Gas to cut 6,000 jobs Centrica, who own British Gas, have announced that they will be cutting 6,000 jobs, despite doubling profits in the first six months of this year. http://www.financialadvice.co.uk/news/householdbills/20150730/British-Gas-to-cut-6000-jobs.htmlThu, 30 Jul 2015 10:42:24 -0700Personal insolvency falls to 10 year low Personal insolvency has fallen to a 10 year low in England and Wales, according to figures from the insolvency service.http://www.financialadvice.co.uk/news/loans/personal-insolvency-falls-to-10-year-low.htmlWed, 29 Jul 2015 14:16:44 -0700Two thirds of people don’t pay attention to pension pots Two thirds of people over the age of 45 have admitted to not paying any attention to their pension pot, according to research from Aviva. http://www.financialadvice.co.uk/news/pensions/20150729/two-thirds-of-people-don't-pay-attention-to-pension-pots.htmlWed, 29 Jul 2015 09:44:07 -0700UK economic growth picks up for tenth consecutive quarter UK economic growth has picked up in the second quarter of the year, thanks to a big jump in oil and gas production. http://www.financialadvice.co.uk/news/ukeconomy/20150728/uk-economic-growth-picks-up-for-tenth-consecutive-year.htmlTue, 28 Jul 2015 13:34:46 -0700Pension liberation fraud triples The amount of fraud related to pension liberation more than tripled in the month after the introduction of the pension reforms, according to a report from Action Fraud. http://www.financialadvice.co.uk/news/pensions/20150728/pension-liberation-fraud-triples.htmlTue, 28 Jul 2015 09:21:54 -0700Cash Genie to pay customers £20 million compensation Cash Genie, a payday loan company, faces a £20 million compensation bill for charging customers £50 for transferring them to the firms debt collection business. http://www.financialadvice.co.uk/news/loans/20150727/cash-genie-to-pay-customers-20-million-compensation.htmlMon, 27 Jul 2015 13:36:13 -0700Banks offering Help to Buy ISAs named Some of the banks and building societies that will be providing the governments Help to Buy ISA have been named.http://www.financialadvice.co.uk/news/mortgages/20150727/banks-offering-help-to-buy-ISAs-named.htmlMon, 27 Jul 2015 09:31:27 -0700UK savers to receive text when introductory rates endSavers will receive a text message from their bank or building society when their introductory interest rate expires, under new plans by the Financial Conduct Authority (FCA).http://www.financialadvice.co.uk/news/savings/20150704/uk-savers-to-receive-text-when-introductory-interest-rates-end.htmlFri, 24 Jul 2015 10:15:47 -0700Greek Parliament Passes Crucial Bailout ReformsThe Greek parliament voted to approve a second set of crucial reforms last night in order to take another step towards securing an €86bn bailout from their European creditors.http://www.financialadvice.co.uk/news/loans/20150723/greek-parliament-passes-bailout-reforms.htmlThu, 23 Jul 2015 08:20:40 -0700Income tax and national insurance could be mergedIncome Tax and National Insurance could be merged into a single “earnings tax”, as chancellor George Osborne has commissioned a review into the simplification of the tax system.http://www.financialadvice.co.uk/news/tax/201150722/income-tax-and-national-insurance-could-be-merged.htmlWed, 22 Jul 2015 10:06:39 -0700Maintenance Grants Cut: Students Debt To IncreaseMaintenance grant cuts will mean that the poorest university students will see their average debt rise from £40,500 to £53,000, according to the Institute for Fiscal Studies (IFS).http://www.financialadvice.co.uk/news/loans/20150721/maintenance-grants-cut-poorest-students-debt-increase-53000.htmlTue, 21 Jul 2015 09:45:24 -0700Greek banks to reopen following Eurozone bailoutGreek banks are starting to reopen after an agreement was reached with Eurozone creditors to extend their debt agreement. The Greek government has been in deadlock with their creditors over the last three weeks, as they threatened to default on their €320bn debt.http://www.financialadvice.co.uk/news/loans/20150720/greek-banks-to-reopen-following-eurozone-bailout.htmlMon, 20 Jul 2015 10:20:04 -0700UK interest rates could rise in new yearUK interest rates could rise at “the turn of this year”, according to Mark Carney, governor of the Bank of England. Interest rates have been at a historical low of 0.5% for the last six years, but this could be set to change as the economic recovery gathers pace.http://www.financialadvice.co.uk/news/ukeconomy/20150717/uk-interest-rates-could-rise-in-new-year.htmlFri, 17 Jul 2015 08:52:06 -0700CMA will support shoppers in supermarketsIn response to a ‘super-complaint’ submitted by consumer group Which? the Competition and Markets Authority (CMA) has launched an investigation into supermarket pricing and the confusion it can cause.http://www.financialadvice.co.uk/news/ukeconomy/20150716/CMA-will-support-shoppers-in-supermarketsThu, 16 Jul 2015 13:23:08 -0700UK inflation rate drops to 0%The UK inflation rate dropped to 0% in June, down from 0.1% in May, due to a fall in clothing and food prices, as well as a slight reduction in air travel.http://www.financialadvice.co.uk/news/ukeconomy/20150714/uk-inflation-rate-drops-to-0.htmlTue, 14 Jul 2015 14:51:55 -0700Gender pay gap tackled by government Large companies will now be forced to reveal whether they are paying men more than women next year, the Prime Minister will announce this week.http://www.financialadvice.co.uk/news/ukeconomy/20150714/gender-pay-gap-tackeled-by-government.htmlTue, 14 Jul 2015 09:28:07 -070080% of pension transfer requests fraudulent 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. http://www.financialadvice.co.uk/news/pensions/20150713/80-of-pension-transfer-requests-fraudulent.htmlMon, 13 Jul 2015 13:28:22 -0700HMRC allowed access to debtors’ bank accounts Under new rules written into the summer Budget but not announced by George Osborne in his speech, HMRC are allowed to recover tax and tax credit debts directly from debtors' bank and building society accounts, including funds held in cash ISAs.http://www.financialadvice.co.uk/news/tax/20150713/HMRC-allowed-access-to-debtors-bank-accounts.htmlMon, 13 Jul 2015 09:14:56 -0700Co-op customers charged twice for transactions Thousands of Co-op customers have been charged twice for purchases made from its food stores and petrol pumps. http://www.financialadvice.co.uk/news/creditcards/20150710/co-op-customers-charged-twice-for-transactions.htmlFri, 10 Jul 2015 13:42:04 -0700MasterCard accused of overcharging by EU MasterCard has been accused of overcharging consumers by adding fees when cards are issued outside the European Union (EU) and then used in EU countries. http://www.financialadvice.co.uk/news/creditcards/20150710/mastercard-accused-of-overcharging-by-EU.htmlFri, 10 Jul 2015 08:47:31 -0700Budget to leave 13 million families worse off The working age benefit changes announced in yesterday’s Budget will negatively effect 13 million families in the UK, according to the Institute of Fiscal Studies (IFS).http://www.financialadvice.co.uk/news/ukeconomy/20150709/budget-to-leave-13-million-families-worse-off.htmlThu, 09 Jul 2015 13:30:06 -0700Shortage of homes pushes prices to record level The Government will struggle to balance the books as promised by 2020, according to its independent fiscal watchdog, the Office for Budget Responsibility (OBR).http://www.financialadvice.co.uk/news/property/20150709/shortage-of-homes-pushes-prices-to-record-level.htmlThu, 09 Jul 2015 09:22:58 -0700Osborne unveils new budget “for working people” George Osborne, Chancellor of the Exchequer, today unveiled his new Conservative Budget which scrapped student grants, froze benefits and cut billions from tax credits and other welfare payments. http://www.financialadvice.co.uk/news/ukeconomy/20150708/Osborne-unveils-new-budget-for-working-people.htmlWed, 08 Jul 2015 15:05:49 -0700UK charities investigated by ICOFour UK charities are being investigated by the information commissioner’s Office (ICO) over accusations of calling vulnerable people who have “opted out” of unsolicited sales calls. http://www.financialadvice.co.uk/news/ukeconomy/20150708/UK-charities-investigated-by-ICO.htmlWed, 08 Jul 2015 09:53:17 -0700£12 bn worth of cuts to be announced in budget George Osborne, Chancellor of the Exchequer, has claimed that he has decided how the government will make £12 billion worth of welfare cuts that had been promised in the Conservative Party manifesto. http://www.financialadvice.co.uk/news/ukeconomy/20150707/12-bn-worth-of-cuts-to-be-announced-in-budget.htmlTue, 07 Jul 2015 14:42:07 -0700Millions of energy customers are charged too muchMillions of energy customers have been paying more than they should have for their energy bills, according to research from the Competition and Markets Authority (CMA).http://www.financialadvice.co.uk/news/householdbills/20150707/millions-of-energy-customers-are-charged-too-much.htmlTue, 07 Jul 2015 09:48:33 -0700Phone fraud – Over 55s more likely to become victimsA recent study conducted by the Financial Ombudsman has revealed that people aged 55 years and over are more likely to become victims of phone fraud. http://www.financialadvice.co.uk/news/pensions/20150706-Phone-fraud-Over-55s-more-likely-to-become-victims.htmlMon, 06 Jul 2015 11:06:46 -0700EE fined £1m for failings on customer complaints The mobile phone operator EE has been fined £1 million by the regulator Ofcom for the way it has been handling customer complaints. http://www.financialadvice.co.uk/news/ukeconomy/20150703/ee-fined-1-m-for-failings-on-customer-compaints.htmlFri, 03 Jul 2015 13:45:05 -0700Pre-paid meter users pay extra £226 for energy Citizens Advice has claimed that people with pre-paid meters for gas and electricity are paying on average £226 a year more than they would have done on the cheapest direct debit tariff. http://www.financialadvice.co.uk/news/householdbills/20150703/pre-paid-meter-users-pay-extra-226-for-energy.htmlFri, 03 Jul 2015 09:43:44 -0700Mobile calls to 0800 numbers will now be free Phone calls to numbers beginning 0800 or 0808 will now be free from mobile phones as well as landlines.http://www.financialadvice.co.uk/news/householdbills/20150702/mobile-calls-to-0800-numbers-will-now-be-free.htmlThu, 02 Jul 2015 13:54:59 -0700Bank accounts number one target for fraudsters Bank accounts have beaten mortgages to become the number one target for financial fraud in the UK, according to Experian. http://www.financialadvice.co.uk/news/bankaccounts/20150702/bank-accounts-number-one-target-for-fraudsters.htmlThu, 02 Jul 2015 12:40:19 -0700Thousand of students relying on payday loansTens of thousands of students are relying on high-interest payday loans to help them finance their daily living costs, according to a survey from Unite Students. http://www.financialadvice.co.uk/news/loans/20150701/thousands-of-students-relying-on-payday-loans.htmlWed, 01 Jul 2015 13:54:19 -0700Standard of living income fallsThe income needed for an acceptable standard of living has fallen for families in the past year, according to the Joseph Rowntree Foundation (JRF). http://www.financialadvice.co.uk/news/householdbills/20150701/standard-of-living-income-falls.htmlWed, 01 Jul 2015 09:12:33 -0700Osborne announced plans to help Greek based retirees Chancellor of the Exchequer, George Osborne, has set out plans to help thousands of retirees from the UK who currently live in Greece, and could be effected by the current crisis.http://www.financialadvice.co.uk/news/pensions/20150630/Osborne-announces-plans-to-help-greek-based-retirees.htmlTue, 30 Jun 2015 14:48:40 -0700Average house prices hit record high The average property price in the UK has hit £212,494, which is a 5.6% increase on last year and a 1.4% increase on last month, according to the latest Housing Market Monitor from estate agent Haart.http://www.financialadvice.co.uk/news/property/20150630/average-house-prices-hit-record-high.htmlTue, 30 Jun 2015 09:11:50 -0700Two thirds of Brits avoid talking about finances Two thirds of people in the UK try to avoid talking about their finances, according to research from the Debt Advisory Centre. http://www.financialadvice.co.uk/news/loans/20150629/two-thirds-or-brits-avoid-talking-about-finances.htmlMon, 29 Jun 2015 14:42:52 -0700Greece: closed banks and shock referendum Greece has seen closed banks and defunct cash machines as a break down in talks between Athens and its creditors pushed the country further into austerity. http://www.financialadvice.co.uk/news/ukeconomy/20150629/greece-closed-banks-and-shock-referendum.htmlMon, 29 Jun 2015 10:06:13 -0700Insurers: Government should slow down on pension reformsInsurers have urged the government not to rush through plans to allow pensioners to sell their annuities for cash.http://www.financialadvice.co.uk/news/pensions/20150626/insurers-government-should-slow-down-on-pension-reforms.htmlFri, 26 Jun 2015 13:48:11 -0700Mortgage borrowers still face wait to get advice Borrowers are still faced with long waiting times when trying to get an appointment with a mortgage adviser, according to research done by Legal & General. http://www.financialadvice.co.uk/news/mortgages/20150626/mortgage-borrowers-still-face-wait-to-get-advice.htmlFri, 26 Jun 2015 09:20:43 -0700UK child poverty at 2.3 million The government has released figures showing that the number of children living in poverty in the UK is at 2.3 million. http://www.financialadvice.co.uk/news/ukeconomy/uk-child-poverty-at-2-3-million.htmlThu, 25 Jun 2015 15:00:01 -0700Debt management firms failing customers Debt management firms are failing customers and the advice given to vulnerable people is “unacceptably low”, according to a review by the Financial Conduct Authority (FCA).http://www.financialadvice.co.uk/news/loans/20150625/debt-management-firms-failing-customers.htmlThu, 25 Jun 2015 10:09:39 -0700UK rental costs highest in Europe Rental costs in the UK are the highest throughout Europe, according to figures from the National Housing Federation (NHF). http://www.financialadvice.co.uk/news/property/20150624/UK-rental-costs-highest-in-europe.htmlWed, 24 Jun 2015 13:50:53 -0700Retirement saving hits high but savers expecting more Retirement saving in the UK has hit its highest ever level, with 56% of people now saving an adequate amount. http://www.financialadvice.co.uk/news/pensions/20150624/retirement-saving-hits-high-but-savers-expecting-more.htmlWed, 24 Jun 2015 10:13:23 -0700Tesco most complained about by suppliers Tesco has been revealed as the worst UK supermarket for complying with industry guidelines designed to protect suppliers, according to a survey of food and drinks suppliers.http://www.financialadvice.co.uk/news/ukeconomy/20150623/Tesco-most-complained-about-by-suppliers.htmlTue, 23 Jun 2015 14:15:57 -0700Government sells off further Lloyds shares The Government has sold more Lloyds shares to investors, taking its stake to below 17%. http://www.financialadvice.co.uk/news/ukeconomy/20150623/government-to-sell-off-further-lloyds-shares.htmlTue, 23 Jun 2015 10:25:07 -0700Phone call fraud scams people out of £23.6 mPeople have lost a total of £23.6 million over the past year to phone scams which encourage people to put their money into a fraudsters account. http://www.financialadvice.co.uk/news/bankaccounts/20150622/phone-call-fraud-scams-peopl-out-of-23-6-million.htmlMon, 22 Jun 2015 14:12:43 -0700University not worth cost, say students Many students believe the experience of education they receive from going to university is not worth the £9,000 a year cost, a survey from the BBC has shown.http://www.financialadvice.co.uk/news/ukeconomy/20150622/university-not-worth-cost.htmlMon, 22 Jun 2015 09:42:00 -0700UK Government spending falls to eight year lowUK Government borrowing fell to £10.13 billion in May, according to The Office of National Statistics. http://www.financialadvice.co.uk/news/ukeconomy/20150619/UK-government-spending-falls-to-eight-year-low.htmlFri, 19 Jun 2015 15:05:06 -0700Future retirees pessimistic about future The next generation of retirees believe they will be worse off compared to those choosing to retire this year, according to research from retirement firm Prudential. http://www.financialadvice.co.uk/news/pensions/20150619/future-retirees-pessimistic-about-future.htmlFri, 19 Jun 2015 09:34:01 -0700Fifth of households complain to energy provider each year A fifth of British households have had to complain to their energy provider every year for the last 10 years, according to a report from Citizens Advice. http://www.financialadvice.co.uk/news/householdbills/20150618/fifth-of-households-complain-to-energy-provider-each-year.htmlThu, 18 Jun 2015 14:08:13 -0700RBS customers to wait days for missing payments Royal Bank of Scotland (RBS) customers who have failed to receive payments into their accounts many be waiting for days for the matter to be resolved. http://www.financialadvice.co.uk/news/bankaccounts/20150618/RBS-customers-to-wait-days-for-missing-payments.htmlThu, 18 Jun 2015 08:24:06 -0700UK unemployment falls further UK unemployment has fallen further between February and April, according to official figures from the Office of National Statistics. http://www.financialadvice.co.uk/news/ukeconomy/20150617/UK-unemployment-falls-further.htmlWed, 17 Jun 2015 14:04:58 -0700RBS customers payments “missing”Some Royal Bank of Scotland (RBS) customers may have payments missing from their bank account this morning, the bank has admitted. http://www.financialadvice.co.uk/news/bankaccounts/20150617/RBS-customers-payments-missing.htmlWed, 17 Jun 2015 13:16:52 -0700UK inflation returns to positive The UKs inflation rate has returned to positive in May after one month of negative inflation, official figures have shown.http://www.financialadvice.co.uk/news/ukeconomy/20150616/UK-inflation-returns-to-positive.htmlTue, 16 Jun 2015 14:28:20 -0700Public overestimates life insurance costs by 400%The British public overestimates the cost of life insurance by almost 400%, according to research from SunLife.http://www.financialadvice.co.uk/news/insurance/20150616/Public-overestimates-life insurance-costs-by-400.htmlTue, 16 Jun 2015 10:05:07 -0700Mobile banking set to be most popular form of banking Mobile banking is set to take over computer banking as the most popular way to bank, according to the British Bankers Association. http://www.financialadvice.co.uk/news/bankaccounts/20150615/mobile-banking-set-to-be-most-popular-form-of-banking.htmlMon, 15 Jun 2015 13:36:41 -0700First time buyers make insurance mistakes Almost half of all first time buyers fail to budget home insurance into their costs when buying a home. http://www.financialadvice.co.uk/news/mortgages/20150615/first-time-buyers-make-insurance-mistakes.htmlMon, 15 Jun 2015 12:50:14 -0700UK house prices to rise 25% over five yearsUK house prices have been predicted to rise by 25% over the next five years as demand continues to outstrip supply. http://www.financialadvice.co.uk/news/property/20150612/uk-house-prices-to-rise-25-over-five-years.htmlFri, 12 Jun 2015 14:16:02 -0700Mortgage providers to better understand retiree mortgagesThe International Longevity Centre-UK (ICL-UK) has reached out to mortgage providers to better understand and respond to the increasing number of retirees looking to apply for mortgages. http://www.financialadvice.co.uk/news/mortgages/20150612/mortgage-providers-to-better-understand-retiree-mortgages.htmlFri, 12 Jun 2015 09:37:42 -0700Payday loan complaints fall by 45%The number of complaints to payday loan companies have almost halved in the past year, according to data from Citizens Advice Charity. http://www.financialadvice.co.uk/news/loans/20150611/payday-loan-complaints-fall-by-45.htmlThu, 11 Jun 2015 15:22:58 -0700BoE calls for accountability reforms The governor of the Bank of England (BoE), Mark Carney, has claimed that senior mangers of banks and building societies will be held directly accountable for failures in their institutions. http://www.financialadvice.co.uk/news/ukeconomy/20150611/boe-calls-for-accountability-reforms.htmlThu, 11 Jun 2015 14:01:18 -070093% of public sector workers suffer from stressA survey from the UK newspaper The Guardian has found that 93% of people working in public services are stressed at work.http://www.financialadvice.co.uk/news/ukeconomy/20150610/93-of-public-workers-suffer-from-stress.htmlWed, 10 Jun 2015 14:43:43 -0700Apple Pay to be introduced in July New Apple pay technology is set to be introduced into UK stores in July, and will be welcomed by stores such as Marks & Spencer and Waitrose. http://www.financialadvice.co.uk/news/bankaccounts/20150610/apple-pay-to-be-introduced-in-july.htmlWed, 10 Jun 2015 09:47:06 -0700HSBC to see UK retail arm split as 8,000 lose jobs HSBC chief executive Stuart Gulliver has announced that 8,000 UK jobs will be cut as the global bank plans to split its UK retail arm from its global operations. http://www.financialadvice.co.uk/news/ukeconomy/20150609/HSBC-to-see-retail-arm-split-as-8000-lose-jobs.htmlTue, 09 Jun 2015 14:21:01 -0700Exit from EU will “threaten UK jobs”A major recruitment firm has claimed that an exit from the European Union (EU) would harm the UKs economy and threaten UK jobs. http://www.financialadvice.co.uk/news/ukeconomy/20150609/exit-from-EU-will-threaten-UK-jobs.htmlTue, 09 Jun 2015 09:57:27 -0700Boots to cut 700 UK jobs Boots, the high street chemist, has announced that it will be cutting 700 jobs from its UK based offices.http://www.financialadvice.co.uk/news/ukeconomy/Boots-to-cut-700-jobs.htmlMon, 08 Jun 2015 14:53:52 -0700Generation gap in FTB market perceptions A new study by high street bank Halifax has found that there are wide differences in perceptions of the first time buyer market between generations.http://www.financialadvice.co.uk/news/property/20150608/generation-gap-in-FTB-market-perceptions.hmtlMon, 08 Jun 2015 10:23:26 -07008,300 people at risk of home repossession every weekMore than 8,000 people in the UK were put at risk of losing their house each week in the first three months of this year, according to housing charity Shelter.http://www.financialadvice.co.uk/news/property/20150605/8300-people-at-risk-of-home-repossession-every-week.htmlFri, 05 Jun 2015 14:58:15 -0700Payday loan advert guidelines released New guidelines for payday loan adverts have been published today by the Committee of Advertising Practice. http://www.financialadvice.co.uk/news/loans/20150605/payday-loan-advert-guidelines-released.hmtlFri, 05 Jun 2015 09:21:31 -0700Number of homes for sale falls The number of houses for sale in the UK has fallen to its lowest level in many years, fuelling the UKs current housing crisis. http://www.financialadvice.co.uk/news/property/20150604/Number-of-homes-for-sale-falls.hmtlThu, 04 Jun 2015 14:29:30 -0700Contactless payments increases card purchases by 10%Purchases made by cards have increased by 10% thanks to the introduction and popularity of touch and go contactless card technology.http://www.financialadvice.co.uk/news/bankaccounts/20150604/contactless-payments-increases-card-purchases-by-10.hmtlThu, 04 Jun 2015 09:48:33 -0700Homeowners unprepared for interest rate rise Research from Ocean Finances has shown that 13% of people would quickly get into debt to cover their mortgage payments if interest rates rise by just 1% in the near future. http://www.financialadvice.co.uk/news/mortgages/20150603/homeowners-unprepared-for-interest-rate-rise.htmlWed, 03 Jun 2015 13:52:30 -0700Thousands of people head into retirement with debt Thousands of people over 55 years of age are heading into their retirement with unsecured debt of up to £10,000, according to solutions provider Debt Advisory Centre. http://www.financialadvice.co.uk/news/pensions/20150603/thousands-of-people-head-into-retirement-with-debt.htmlWed, 03 Jun 2015 09:50:49 -0700Energy secretary challenges “big six” The “big six” energy companies could be facing pressure from the new Conservative government to prove that their prices are reflecting companies' costs.http://www.financialadvice.co.uk/news/householdbills/energy-secretary-challenges-big-six.htmlTue, 02 Jun 2015 14:41:58 -0700Childcare changes leave providers at “breaking point” Childcare providers in England have claimed that the system is at “breaking point” thanks to plans to double the amount for free provision for three and four year olds.http://www.financialadvice.co.uk/news/householdbills/20150602/childcare-changes-leave-providers-at-breaking-point.htmlTue, 02 Jun 2015 09:56:54 -0700FTB products available double over three years The number of mortgage products available to first-time buyers has risen to 2,776, double the number of products available in April 2012. http://www.financialadvice.co.uk/news/mortgages/20150601/FTB-products-avaliable-double-over-three-years.htmlMon, 01 Jun 2015 15:07:44 -0700Carers and nannies to start receiving pension contributions People who employ nannies and personal carers may now have to pay them pension contributions. http://www.financialadvice.co.uk/news/pensions/20150601/carers-and-nannies-to-start-receiving-pension-contributions.htmlMon, 01 Jun 2015 09:55:30 -0700Customers still want high street branches A recent survey by Newcastle Building Society has shown that 99% of consumers would still like to see financial branches on the high streets, and believe there is still a need for them.http://www.financialadvice.co.uk/news/bankaccounts/20150529/customers-still-want-high-street-branches.htmlFri, 29 May 2015 14:45:12 -0700Incomes growing fastest in rural areasPeople living in the Scottish Borders have seen a faster rise in income than anywhere else in the UK, according to figures from the Office of National Statistics (ONS).http://www.financialadvice.co.uk/news/householdbills/20150529/incomes-growing-fastest-in-rural-areas.htmlFri, 29 May 2015 09:32:26 -0700UK economy hit by rising importsUK economic growth slowed considerably in the first quarter of 2015, with a sharp increase in imports to blame. Analysts were surprised by the figures, as they expected the initial growth estimate to be revised to around 0.4%. http://www.financialadvice.co.uk/news/ukeconomy/20150528/uk-economy-hit-by-rising-imports.htmlThu, 28 May 2015 14:51:24 -0700Queens Speech starts parliamentary year The Conservative-only Queens Speech marked the start of the parliamentary year today, and set out the governments agenda for the upcoming five years, announcing proposed polices and legislation. http://www.financialadvice.co.uk/news/ukeconomy/20150527/queens-speech-starts-parliamentary-year.htmlWed, 27 May 2015 13:59:00 -0700FCA fine individual £75m for “death bond” mis-sellingThree men face fines of up to £80 million for misleading clients by convincing them to invest in “death bonds”.http://www.financialadvice.co.uk/news/investments/fca-fine-individual-75m-for-death-bond-mis-selling.htmlWed, 27 May 2015 13:55:37 -0700Identity theft up by a third The number of people who have been a victim of identity theft in the UK has risen by almost a third, according to research from fraud prevention agency Cifas. http://www.financialadvice.co.uk/news/bankaccounts/20150527/identity-theft-up-by-a-third.htmlWed, 27 May 2015 09:09:27 -0700Nicola Sturgeon attacks UK spending cuts First minister Nicola Sturgeon has attacked the ‘scale and speed’ of spending cuts that the UK government are planning to make. Speaking at the Tynecastle Stadium, the home of Heart of Midlothian FC, Ms Sturgeon said the SNP will oppose deep spending cuts whilst continuing their support for membership in the European Union.http://www.financialadvice.co.uk/news/ukeconomy/20150526/nicola-sturgeon-attacks-uk-spending-cuts.htmlTue, 26 May 2015 12:48:15 -0700Cost of renting continues to rise The cost of renting a home has risen by 4.6% over the past year, according to data from property group LSL. http://www.financialadvice.co.uk/news/property/20150522/cost-of-renting-continues-to-rise.htmlFri, 22 May 2015 14:24:13 -0700People with overdrafts can switch bank accountsMany people with an overdraft on their current account believe they are unable to switch their account to a different provider, The UKs competition authority has found. http://www.financialadvice.co.uk/news/bankaccounts/20150522/people-with-overdrafts-can-switch-bank-accounts.htmlFri, 22 May 2015 09:44:48 -0700People with overdrafts can switch bank accountsMany people with an overdraft on their current account believe they are unable to switch their account to a different provider, The UKs competition authority has found. http://www.financialadvice.co.uk/news/bankaccounts/20150522/people-with-overdrafts-can-switch-bank-accounts.htmlFri, 22 May 2015 09:44:16 -0700Cashless payments overtake notes and coins Payments made using cards, cheques and transfers have overtaken the use of notes or coins for the first time ever, according to The Payments Council. http://www.financialadvice.co.uk/news/creditcards/20150521/cashless-payments-overtake-notes-and-coins.htmlThu, 21 May 2015 14:44:33 -0700Third of UK people fell below poverty line Almost a third of people in the UK fell below the poverty line between 2010 and 2013, official figures from the Office for National Statistics (ONS) show.http://www.financialadvice.co.uk/news/ukeconomy/20150521/third-of-UK-people-fell-below-poverty-line.htmlThu, 21 May 2015 10:58:40 -0700UK supermarkets deceiving customers UK supermarkets are still misleading customers via deals and offers and are breaking government guidelines, according to consumer group Which?.http://www.financialadvice.co.uk/news/ukeconomy/20150520/UK-supermarkets-deceiving-customers.htmlWed, 20 May 2015 14:41:53 -0700New childcare vouchers will cause confusion The changes in childcare support later in the year may leave families confused, a leading charity has claimed.http://www.financialadvice.co.uk/news/householdbills/20150520/new-childcare-vouchers-will-cause-confusion.htmlWed, 20 May 2015 10:32:24 -0700Wonga attempts to reinvent itself Payday loan company Wonga has reinvented itself with new adverts after a highly controversial year.http://www.financialadvice.co.uk/news/loans/20150519/wonga-attempts-to-reinvent-itself.htmlTue, 19 May 2015 10:36:14 -0700Millions of UK people suffer from fuel poverty Millions of people in the UK are not able to top up their gas and electricity pre-paid meters, leaving them without power or heating, according to research from Debt Advisory Centre.http://www.financialadvice.co.uk/news/householdbills/20150518/millions-of-uk-people-suffer-from-fuel-povery.htmlMon, 18 May 2015 10:36:27 -0700Average home in London to reach £1m by 2030It has been predicted that the average house price in London will reach £1m by 2030, according to research by Oxford Economics. The research suggested that house prices will continue to rapidly increase as a result of strong jobs growth, a growing population and a severe housing shortage.http://www.financialadvice.co.uk/news/property/20150515/average-home-in-London-to-reach-1m-ny-2030.htmlFri, 15 May 2015 15:41:47 -0700Equity gains in house prices are cashed in by homeownersLucky homeowners, who have gained from the increase of property prices over the past 12 months, are aiming to case in over £9,000 of equity gains by remortgaging their property.http://www.financialadvice.co.uk/news/mortgages/20150515/equity-gains-in-house-prices-are-cashed-in-by-homeowners.htmlFri, 15 May 2015 10:31:46 -0700House prices rise as demand increases A report from the Royal Institution of Chartered Surveyors (RICS) has shown that a further drop in the number of people selling their homes has pushed house prices even higher. http://www.financialadvice.co.uk/news/mortgages/20150514/house-prices-rise-as-demand-increases.htmlThu, 14 May 2015 14:01:21 -0700UK employment at record high levels UK unemployment continues to fall to record low levels, as the number of people out of work falls to 1.83 million.http://www.financialadvice.co.uk/news/ukeconomy/20150504/UK-employment-at-record-high-levels.htmlThu, 14 May 2015 11:06:19 -0700Co-op CEO blames problems on previous management Richard Pennycock, the CEO of the Co-operative group, claims bad management in the past has caused the problems the group has battled with over the past few years. http://www.financialadvice.co.uk/news/ukeconomy/20150513/co-op-blames-problems-on-previous-mangment.htmlWed, 13 May 2015 14:10:03 -0700Mortgage price war increases remortgage rates One in six homeowners are considering remortgaging over the next six months thanks to the ongoing mortgage price war driving down rates.http://www.financialadvice.co.uk/news/mortgages/20150513/mortgage-price-war-increases-remortgage-rates.htmlWed, 13 May 2015 10:27:08 -0700UK drivers waste £700 million a year Motorists who leave their engine running and are heavy on the accelerator are collectively losing £700 million a year, new research from Barclaycard Fuel+ has shown. http://www.financialadvice.co.uk/news/householdbills/20150512/uk-drivers-waste-700-million-a-year.htmlTue, 12 May 2015 14:30:02 -0700UK employees see low wage growthUK employees should expect to see a wage growth of only 1.8% in the coming year, a reduction in the 2.0% that was predicted three months ago.http://www.financialadvice.co.uk/news/ukeconomy/20150512/uk-employees-see-low-wage-growth.htmlTue, 12 May 2015 09:38:27 -0700Less than a quarter of over 55s have enough pension savings Only 24% of people aged over 55 have adequate savings to fund their retirement, according to a survey from Close Brothers Assessment Management. http://www.financialadvice.co.uk/news/pensions/20150511/less-than-a-quarter-of-over-55s-have-enough-pension-savings.htmlMon, 11 May 2015 14:59:34 -0700FCA calls for insurance companies to be clearer The Financial Conduct Authority (FCA) has called for insurance companies to be clearer about the costs involved in paying premiums in instalments. http://www.financialadvice.co.uk/news/insurance/20150511/FCA-calls-for-insurance-companies-to-be-clearer.htmlMon, 11 May 2015 09:48:22 -0700Pound strengthens against Dollar, after Tory majorityThe pound Sterling has hit a two month high against the dollar after news of a Tory majority in the general election.http://www.financialadvice.co.uk/news/ukeconomy/20150508-pound-strengthens-against-the-dollar-after-tory-majority-in-general-election.htmlFri, 08 May 2015 14:23:30 -0700House prices see another increase during April UK houses prices have seen another increase in value during the month of April of 1.6% according to a survey conducted by the Halifax, with the annual rate of increase rising slightly to 8.5%.http://www.financialadvice.co.uk/news/ukeconomy/20150508-house-prices-see-another-increase-during-april.htmlFri, 08 May 2015 12:04:30 -0700Most car insurance companies accepting dashcam footageThe majority of UK car insurance companies are now accepting dashcam footage as evidence in disputed claims. Dashcams are small cameras that are placed on the driver’s dashboard or windscreen in order to film what is happening on the road ahead of them.http://www.financialadvice.co.uk/news/insurance/20150507/most-car-insurance-companies-accepting-dashcam-footage.htmlThu, 07 May 2015 15:11:26 -0700Bad credit effecting 6 million Brits People in the UK with a history of bad credit are being excluded from important parts of everyday life, according to research from Debt Advisory Centre http://www.financialadvice.co.uk/news/loans/20150507/bad-credit-effecting-6-million-brits.htmlThu, 07 May 2015 10:05:38 -0700Polls open tomorrow as UK general election takes place Polling day begins tomorrow as the leaders of the UKs three main political parties make a last ditch attempt for votes.http://www.financialadvice.co.uk/news/ukeconomy/20150506/polls-open-tomorrow-as-UK-general-election-takes-place.htmlWed, 06 May 2015 14:03:46 -0700First time buyers now require £41,000 wage The average first time buyer will require a minimum income of £41,000 in order to be approved for a mortgage, according to a report from KPMG. http://www.financialadvice.co.uk/news/mortgages/20150506/first-time-buyers-now-require-41000-wage.htmlWed, 06 May 2015 10:31:46 -0700Young renters have highest risk of identity fraudPeople who are in rented accommodation face a much higher risk of having their identity stolen, according to credit reference agency Experian. http://www.financialadvice.co.uk/news/property/20150505/young-renters-have-highest-risk-of-identity-fraud.htmlTue, 05 May 2015 14:03:50 -0700TalkTalk raises prices for second time in 7 months Telecoms company TalkTalk is raising its prices for home phone, broadband and TV customers just seven months after it increased its prices.http://www.financialadvice.co.uk/news/householdbills/talktalk-raises-prices-for-second-time-in-7-months.htmlTue, 05 May 2015 11:00:43 -0700Consumer borrowing at highest level since 2005British people borrowed more money in March then they have done before the 2008 financial crisis, according to figures from the Bank of England (BoE). http://www.financialadvice.co.uk/news/loans/20150501/cosumer-borrowing-at-highest-level-since-2005.htmlFri, 01 May 2015 14:41:59 -0700Consumer confidence remains unchanged in April UK consumer confidence remains at its highest level in more than 12 years, according to market research company, Gfk. http://www.financialadvice.co.uk/news/ukeconomy/20150501/consumer-confidence-remains-unchanged-in-April.htmlFri, 01 May 2015 09:27:41 -0700A quarter of couples take out credit for their dream wedding Almost a quarter of couples planning to get married will take out loans or use credit card to fund their big day, research from Debt Advisory Centre has shown. http://www.financialadvice.co.uk/news/loans/20150430/a-quarter-of-couples-take-out-credit-for-their-dream-wedding.htmlThu, 30 Apr 2015 14:47:16 -0700Government spends £37,000 on Pension Wise branding The UK government has spent £37,000 on developing a “brand identity” for the guidance service it created in the wake of the new pensions reforms, Pension Wise. http://www.financialadvice.co.uk/news/pensions/20150430/government-spends-37000-on-pension-wise-branding.htmlThu, 30 Apr 2015 09:19:59 -0700Insolvencies fall to lowest level in 10 years The numbers of insolvencies in England and Wales have fallen to their lowest rate in almost a decade. http://www.financialadvice.co.uk/news/loans/20150429/insolvencies-fall-to-lowest-level-in-10-years.htmlWed, 29 Apr 2015 14:00:48 -0700Builders: 200,000 new homes a year impossible Housebuilders have claimed that it would be impossible to build the 200,000 new homes in the UK each year, the amount pledged by Labour, the Liberal Democrats and UKIP.http://www.financialadvice.co.uk/news/property/20150429/builders-200000-new-homes-a-year-impossible.htmlWed, 29 Apr 2015 10:13:00 -0700Brits should expect lower incomes regardless of election result UK households should prepare themselves for lower incomes, no matter who wins the election, according to the Institute of Fiscal Studies (IFS). http://www.financialadvice.co.uk/news/ukeconomy/20150428/brits-should-expect-lower-incomes-regardless-of-election-result.htmlTue, 28 Apr 2015 13:56:25 -0700Voters want to see ISA limit raised to £20,000People voting in the general election would like to see the ISA limit raised to £20,000 according to research from investment firm Willis Owen. http://www.financialadvice.co.uk/news/savings/20150428/voters-want-to-see-ISA-limit-raised-to-20000.htmlTue, 28 Apr 2015 09:40:44 -0700Number of customers switching current accounts improvesThe Payments Council has announced that they have see a 7% increase in the number of customers switching their current account over the past 12 months. http://www.financialadvice.co.uk/news/bankaccounts/20150427/number-of-customers-switching-current-accounts-improves.htmlMon, 27 Apr 2015 13:42:14 -0700Labour plans Stamp Duty discounts for first time buyers Labour has announced plans to help first time buyers in the UK by abolishing Stamp duty for them on all houses under £300,000.http://www.financialadvice.co.uk/news/mortgages/20150427/labour-plans-Stamp-duty-discounts-for-first-time-buyers.htmlMon, 27 Apr 2015 09:41:34 -0700Rent increases at highest level for 18 months Private tenants are facing the biggest rent hike in more than 18 months, according to figures from the Office of National Statistics (ONS). http://www.financialadvice.co.uk/news/property/20150424/rent-increases-at-highest-level-for-18-months.htmlFri, 24 Apr 2015 14:24:52 -070015m credit card holders see limits increase Credit card companies are regularly increasing customers credit limits without prior permission, according to research from Debt Advisory Centre.http://www.financialadvice.co.uk/news/householdbills/15-m-credit-card-holders-see-limits-increase.htmlFri, 24 Apr 2015 08:16:36 -0700Past 12 months see sharp rise in demand for financial advice There has been a sharp rise in people looking for financial advice over the past 12 months, with more than a third of accountants experiencing an increase in potential clients.http://www.financialadvice.co.uk/news/pensions/20150423/past-12-months-see-sharp-rise-in-demand-for-financial-advice.htmlThu, 23 Apr 2015 09:35:37 -0700Which? accuses supermarkets of misleading shoppersCompetition regulator Which? has accused supermarkets of duping shoppers out of hundreds of millions of pounds through the use of confusing or misleading pricing tactics. http://www.financialadvice.co.uk/news/ukeconomy/20150422/which-accuses-supermarkets-of-misleading-shoppers.htmlWed, 22 Apr 2015 14:29:08 -0700High street banks see tough competition for current accounts Competition in the current account market is picking up as major banks come under pressure to offer perks and rewards.http://www.financialadvice.co.uk/news/bankaccounts/20150422/high-street-banks-see-though-competition-for-current-accounts.htmlWed, 22 Apr 2015 10:49:59 -0700Payday lender Wonga reports £37.3m lossControversial payday lending company Wonga has reported a pre-tax loss of £37.3m for 2014. The losses are in stark contrast to the year earlier, when pre-tax profits of £39.7m were reported by the company. http://www.financialadvice.co.uk/news/loans/20150421/payday-lender-wonga-reports-37-3-million-loss.htmlTue, 21 Apr 2015 13:20:30 -0700UK house prices hit highest ever level Research from property website Rightmove has shown that house prices for homes in England have hit an all time high. This is due to a fall in the number of properties in the market and a surge in the number of people looking to buy a home. http://www.financialadvice.co.uk/news/mortgages/20150420/UK-house-prices-hit-highest-ever-level.htmlMon, 20 Apr 2015 13:51:52 -0700EY ITEM predicts strong growth for UKA new report from EY ITEM has claimed that the uncertainty of the UK general election will not effect the countries economic growth and predicted a rise of 2.8% this year. http://www.financialadvice.co.uk/news/ukeconomy/20150420/ey-item-predicts-strong-growth-for-UK.htmlMon, 20 Apr 2015 09:51:27 -0700AA claims motorists are ripped off by fuel retailers The AA believes that people are being ripped off by fuel retailers as the put up the price of petrol and diesel after the recent fall. http://www.financialadvice.co.uk/news/householdbills/20150417/AA-claims-motorists-are-ripped-off-by-fuel-retailers.htmlFri, 17 Apr 2015 14:15:52 -0700Finances cause separation problems for two thirds of couplesJoint bank accounts, loans and pay monthly purchases are making it hard for two-thirds of unhappy couples to break up in the UK, according to Debt Advisory Centre. http://www.financialadvice.co.uk/news/bankaccounts/20150417/finances-cause-separation-problems-for-two-thirds-of-couples.htmlFri, 17 Apr 2015 10:02:29 -0700Morrisons to cut 720 jobs Supermarket chain Morrisons has announced plans to cut over 700 jobs from its head office in Bradford as part of a “simplified management structure” introduced to combat falling sales. http://www.financialadvice.co.uk/news/ukeconomy/20150416/morrisons-to-cut-720-jobs.htmlThu, 16 Apr 2015 14:08:25 -0700IMF predict £7bn deficit by 2020The International monetary Fund (IMF) believes that the UK will still be in deficit of £7 billion by 2020, even though the Office for Budget Responsibility (OBR) predicted at the last budget a surplus of £7 billion. http://www.financialadvice.co.uk/news/ukeconomy/20150416/IMF-predict-7-bn-deficit-by-2020.htmlThu, 16 Apr 2015 10:13:35 -0700Consumers lose £355m a year on mobile phone handsetsA report from Which? has claimed that consumers are losing a £355 million a year by continuing to pay for mobile phone handsets that they have already bought. http://www.financialadvice.co.uk/news/householdbills/20150415/consumers-lose-355-m-a-year-on-mobile-phone-handsets.htmlWed, 15 Apr 2015 14:10:27 -0700A Third of Brits are used to being penniless A third of people in the UK are used to being completely penniless, with no money in their bank accounts or wallets, and no ability to borrow money.http://www.financialadvice.co.uk/news/bankaccounts/20150415/a-third-of-brits-are-used-to-being-penniless.htmlWed, 15 Apr 2015 09:31:20 -0700UK inflation rate remains at 0%The UKs inflation rate stayed at 0% in March, according to official figures from the Office of National Statistics. http://www.financialadvice.co.uk/news/ukeconomy/20150414/uk-inflation-rate-remains-at-0.htmlTue, 14 Apr 2015 13:55:52 -0700Supermarket sales see sharp riseSupermarket sales figures have risen by 3.2% year on year, according to a survey from the British Retail Consortium (BRC) and KPMG.http://www.financialadvice.co.uk/news/ukeconomy/20150414/supermarket-sales-see-sharp-rise.htmlTue, 14 Apr 2015 09:28:19 -0700£1 in every £7 will be spent via smartphone by 2024New research has shown that mobile devices will be used to pay for £1 in every £7 spent in the UKs shops in the next 10 years. http://www.financialadvice.co.uk/news/ukeconomy/20150413/1-in-every-7-will-be-spent-via-smartphone-by-2024.htmlMon, 13 Apr 2015 15:07:32 -0700Pensioners will not blow their savings on "luxuries" Only 1% of those aged 50-75 years old have claimed that they will spend their pension pot on luxuries, according to a report from commercial firm Price Waterhouse Coopers (PwC).http://www.financialadvice.co.uk/news/pensions/20150413/pensioners-will-not-blow-their-savings-on-luxuries.htmlMon, 13 Apr 2015 12:57:12 -0700Starting salaries rise thanks to skills shortageAlmost a third of recruitment agencies have reported that starting salaries have improved since last month, thanks to skills shortages in certain industries. http://www.financialadvice.co.uk/news/ukeconomy/20150410/starting-salaries-rise-thanks-to-skills-shortage.htmlFri, 10 Apr 2015 14:16:06 -0700Secured lending continues to increase Secured lending in the UK has seen its 40th consecutive month on month increase, as the latest Secured Loan Index from Loans Warehouse shows an increase of 10.5% in February.http://www.financialadvice.co.uk/news/loans/20150409/secured-lending-continues-to-increase.htmlThu, 09 Apr 2015 15:16:35 -0700The Co-op group sees £124 million profit The Co-Operative group made profits of £124 million in 2014 after it lost £255 million the previous year.http://www.financialadvice.co.uk/news/ukeconomy/20140409/the-co-op-group-sees-124-million-profit.htmlThu, 09 Apr 2015 10:32:43 -0700Aldi takes over Waitrose as sixth largest UK supermarket Discount supermarket chain Aldi has taken over Waitrose as the sixth largest grocer in the UK according to a survey from Kantar Worldpanel.http://www.financialadvice.co.uk/news/ukeconomy/20150408/Aldi-takes-over-waitrose-as-sixth-largest-UK-supermarket.htmlWed, 08 Apr 2015 14:57:46 -0700Labour would abolish non-dom tax regulationsThe Labour party has claimed that if Ed Miliband is elected as Prime Minister in the May general election, they will scrap the non-domicile rule that allows some wealthy UK residents to limit the tax paid on earnings outside of the country.http://www.financialadvice.co.uk/news/tax/labour-would-abolish-non-dom-tax-regulations.htmlWed, 08 Apr 2015 11:10:37 -0700E.On fined £7.75m for overcharging customers One of the UKs largest energy suppliers, E.On, has accepted a penalty of £7.75 million from the energy regulator, Ofgem, for overcharging its customers. http://www.financialadvice.co.uk/news/householdbills/Eon-charged-7-75-m-for-overcharging-customers.htmlTue, 07 Apr 2015 14:23:02 -0700Brits believe banks don’t want to lend to first time-buyersA report from Halifax has shown that although the number of first time buyers is rising, 79% of 20-45 year olds believe banks don't want to lend to first-time buyers, and 21% believe it is virtually impossible for first-time buyers to obtain a mortgage.http://www.financialadvice.co.uk/news/mortgages/20150407/Brits-believe-banks-don't-want-to-lend-to-first-time-buyers.htmlTue, 07 Apr 2015 09:28:33 -0700Thousands face hefty tax bill thanks to pension reforms The Institute of Fiscal Studies (IFS) has claimed that hundreds of thousands of people will be faced with a huge tax bill if they decided to cash in their pensions when the new reforms are introduced. http://www.financialadvice.co.uk/news/pensions/20150402/thousands-face-hefty-tax-bill-thanks-to-pension-reforms.htmlThu, 02 Apr 2015 14:07:43 -0700Live, televised election debate takes place tonightThe leaders of seven UK political parties are today preparing for a live, two hour televised debate which will be shown live on ITV, the BBC news channel and streamed on the BBCs election live page. http://www.financialadvice.co.uk/news/ukeconomy/20150402/live-televised-election-debate-takes-place-tonight.htmlThu, 02 Apr 2015 10:28:46 -0700Cash held in bank accounts “temporarily” protectedPeople who have large amounts of money in their bank accounts for a small amount of time will now have their money protected in the event of their bank failing.http://www.financialadvice.co.uk/news/bankaccounts/20150401/cash-held-in-bank-accounts-temporarily-protected.htmlWed, 01 Apr 2015 14:27:55 -0700Business leaders sign letter endorsing Tories The Daily Telegraph has published a letter signed by over 100 company leaders declaring support for a Conservative led government. http://www.financialadvice.co.uk/news/ukeconomy/20150401/business-leaders-sign-letter-endorsing-tories.htmlWed, 01 Apr 2015 09:28:04 -0700Financial wellbeing improved only 0.2% in five years Official figures from the Office of National Statistics (ONS) have shown that the financial wellbeing of households has only improved by 0.2% in the last five years. http://www.financialadvice.co.uk/news/ukeconomy/20150331/financial-wellbeing-improved-only-0-2-in-five-years.htmlTue, 31 Mar 2015 14:52:37 -0700Stamp Duty changes to save homebuyers £1 billion Data from Nationwide building society has shown that homebuyers could save up to £1 billion as a result of Stamp Duty changes.http://www.financialadvice.co.uk/news/mortgages/stamp-duty-changes-to-save-homebuyers-1-billion.htmlTue, 31 Mar 2015 09:41:59 -0700Pension information sold to fraudsters Financial firms are selling data about people’s pension information to fraudsters and cold calling firms, according to report by the Daily Mail. http://www.financialadvice.co.uk/news/pensions/20150330/pension-information-sold-to-fraudsters.htmlMon, 30 Mar 2015 13:52:57 -0700Conservatives undecided on benefit cuts The Conservatives have not made any decisions yet in regards to benefit cuts they might make if they win the oncoming general election, the BBC has reported.http://www.financialadvice.co.uk/news/ukeconomy/20150330/conservatives-undecided-on-benefit-cuts.htmlMon, 30 Mar 2015 10:31:23 -0700Online banking fraud rises by 48%Following our story earlier this week about identity fraud being on the rise [link], Financial Fraud Action (FFA) has confirmed that loses from online banking fraud have risen by 48% in 2014. http://www.financialadvice.co.uk/news/bankaccounts/20150327/online-banking-fraud-rises-by-48.htmlFri, 27 Mar 2015 15:33:23 -0700UK house price growth slows UK house price growth has slowed for the 7th month in a row, according to the latest figures from Nationwide Building Society. http://www.financialadvice.co.uk/news/mortgages/20150327/uk-house-price-growth-slows.htmlFri, 27 Mar 2015 10:58:39 -0700Banks must make alternatives to branch closures High street banks will be forced to look for alternatives for customers before they shut down any branches which may be the last in a town, according to a new agreement. http://www.financialadvice.co.uk/news/bankaccounts/20150326/banks-must-make-alternatives-to-branch-closures.htmlThu, 26 Mar 2015 16:21:47 -0700Identity fraud up by 25%Recorded identity theft fraud has risen dramatically, with 2014 seeing a 25% increase on 2013, according to fraud prevention service Cifas. http://www.financialadvice.co.uk/news/bankaccounts/20150326/identity-fraud-up-by-25.htmlThu, 26 Mar 2015 12:17:06 -0700Loans and overdrafts are becoming more popular Loans and overdrafts are becoming more popular as people become more confident in taking them out, according to high street banks. http://www.financialadvice.co.uk/news/loans/20150325/loans-and-overdrafts-are-becoming-more-popular.htmlWed, 25 Mar 2015 15:12:45 -0700MPs call for benefit sanctions reviewA group of MPs have claimed that benefit sanctions are unfair to benefit claimants, and have called for an independent enquiry into the way sanctions are applied. http://www.financialadvice.co.uk/news/householdbills/20150325/mps-call-for-benefit-sanctions-review.htmlWed, 25 Mar 2015 12:02:35 -07002.3m Brits struggling due to zero hour contracts Research from the Debt Advisory Centre (DAC) has shown that 2.3 million people in the UK are struggling with fluctuating incomes due to zero hours, flexible or temporary contracts.http://www.financialadvice.co.uk/news/ukeconomy/20150324/2-3-m-brits-struggling-due-to-zero-hour-contracts.htmlTue, 24 Mar 2015 14:53:04 -070048 UK firms paying less than minimum wageMinisters have named and shamed 48 UK firms, including a number of high street shops, who have failed to pay their employees the minimum wage. http://www.financialadvice.co.uk/news/ukeconomy/20150324/48-uk-firms-paying-less-than-minimum-wage.htmlTue, 24 Mar 2015 10:44:16 -0700UK households laden with £10,000 debt The average UK family will have £10,000 of unsecured debt by 2016, according to accountancy firm PricewaterhouseCoopers (PwC).http://www.financialadvice.co.uk/news/loans/20150323/uk-households-laden-with-10000-debt.htmlMon, 23 Mar 2015 15:18:48 -0700Savers still unable to access Pension Wise guidance Savers are still unable to access free, face to face guidance from the Pensions Wise service, experts have warned. http://www.financialadvice.co.uk/news/pensions/20150323/savers-still-unable-to-access-pension-wise-guidance.htmlMon, 23 Mar 2015 10:55:46 -0700Retirees warned not to rush to access savings People with pension savings been warned not to immediately rush to access their money, or “dash for the cash” when the new pension reforms come into place in April. http://www.financialadvice.co.uk/news/pensions/20150320/retirees-warned-not-to-rush-to-access-savings.htmlFri, 20 Mar 2015 15:23:00 -0700Transport in north of England set to be improved The government has announced plans to overhaul transport across the north of England, helping to create a “northern powerhouse”. http://www.financialadvice.co.uk/news/ukeconomy/20150320/transport-in-north-of-england.htmlFri, 20 Mar 2015 11:08:06 -0700Osborne called to spell out welfare cuts The Institute of Fiscal Studies (IFS) has said that Chancellor George Osborne needs to spell out how he plans to cut £12 billion from welfare spending.http://www.financialadvice.co.uk/news/ukeconomy/20150319/osborne-called-to-spell-out-welfare-cuts.htmlThu, 19 Mar 2015 15:15:37 -0700Budget 2015: the main changesChancellor George Osborne announced his annual budget yesterday, which mainly targeted savers, workers and first time buyers.http://www.financialadvice.co.uk/news/ukeconomy/20150319/budget-2015-the-main-changes.htmlThu, 19 Mar 2015 10:38:11 -0700Mortgage lending down in January Mortgage lending dipped unexpectedly in January, according to a report from the The Council of Mortgage Lenders (CML).http://www.financialadvice.co.uk/news/mortgages/20150317/mortgage-lending-down-in-January.htmlTue, 17 Mar 2015 14:32:59 -0700Almost a third of retirees unaware of pension changes Almost one in three people planning to retiree this year are still unaware of the upcoming pension changes, according to research from Prudential.http://www.financialadvice.co.uk/news/pensions/20150316/almost-a-third-of-retirees-unaware-of-pension-changes.htmlMon, 16 Mar 2015 14:24:20 -0700High Street shops continue to declineResearch from The Local Data Company has shown that more high street stores closed than opened last year, at the rate of 16 closures per day. http://www.financialadvice.co.uk/news/ukeconomy/20150316/high-street-shops-continue-to-decline.htmlMon, 16 Mar 2015 11:10:23 -0700National Express to pay living wage National Express transport firm has pledged to pay all it’s workers the living wage from January 2016.http://www.financialadvice.co.uk/news/ukeconomy/20150313/national-express-to-pay-living-wage.htmlFri, 13 Mar 2015 15:15:19 -0700Many people unaware of seven day switch service The Financial Conduct Authority (FCA) has found that people are unaware of the seven day service in place to help people switch bank accounts. http://www.financialadvice.co.uk/news/bankaccounts/20150313/Many-people-unaware-of-seven-day-switch-service.htmlFri, 13 Mar 2015 11:53:30 -0700Trust in the pensions industry is falling TD Direct Investing has found that 46% of people do not feel like they have had enough guidance to decide what to do with their pensions following the upcoming pension freedoms. http://www.financialadvice.co.uk/news/pensions/20150312/trust-in-the-pensions-industry-is-falling.htmlThu, 12 Mar 2015 15:00:11 -0700Osborne to announce budget to try and win last minute votersChancellor of the Exchequer, George Osborne, is set to announce his 2015 budget next week in a last minute attempt to swing the May general election in favour of the Conservatives. http://www.financialadvice.co.uk/news/ukeconomy/20150312/osborne-to-announce-budget-to-try-and-win-last-minute-voters.htmlThu, 12 Mar 2015 10:22:11 -0700Two million adults live without bank accountsAlmost two million UK adults do not have a bank account, according to the Financial Inclusion Commission. http://www.financialadvice.co.uk/news/bankaccounts/20150311/two-million-adults-live-without-bank-accounts.htmlWed, 11 Mar 2015 15:32:44 -0700Older workers will help boost economy and jobsA government backed report has claimed that people retiring later and staying on the workforce into their 50s creates more jobs for younger people, not fewer.http://www.financialadvice.co.uk/news/ukeconomy/20150311/older-workers-will-hlp-boost-economy-and-jobs.htmlWed, 11 Mar 2015 11:13:25 -0700FCA finds failings in payday loan industryPayday loan companies have been accused of not treating customers fairly, after the Financial Conduct Authority (FCA) conducted a 12 month review of the industry. http://www.financialadvice.co.uk/news/loans/20150310/FCA-finds-failings-in-payday-loan-industry.htmlTue, 10 Mar 2015 14:45:52 -0700Homeless charity claimed UK is “cruel” to benefit claimants Homeless charity Crisis has claimed that a benefits sanction map from the Department of Work and Pensions shows how benefits claimants are treated with cruelty in the UK. http://www.financialadvice.co.uk/news/ukeconomy/homeless-charity-claimed-uk-is-cruel-to-benefit-claimants.htmlTue, 10 Mar 2015 10:28:46 -0700UK saving at ten year high The amount of money people in the UK are saving has hit a ten year high, according to National Savings and Investments (NS&I).http://www.financialadvice.co.uk/news/savings/20150309/UK-saving-at-ten-year-high.htmlMon, 09 Mar 2015 14:59:06 -0700Pension freedoms may lead to influx of fraudsters The new pension freedoms allowing savers to access their pensions in full may lead to an influx of fraudsters trying to steal people’s savings. http://www.financialadvice.co.uk/news/pensions/20150309/pension-freedoms-may-lead-to-influx-of-fraudsters.htmlMon, 09 Mar 2015 10:33:05 -0700Cameron promises welfare perks for pensionersDavid Cameron has promised to protect free bus passes, winter fuel payments, free TV licences and medicine related subsides for the old. http://www.financialadvice.co.uk/news/ukeconomy/20150306/cameron-promises-welfare-perks-for-pensioners.htmlFri, 06 Mar 2015 16:04:12 -08001.75m homeowners unprepared for mortgage increase A UK charity has revealed that 1.75 million UK homeowners will never have faced a rise in the Bank of England (BoE) base rate before, meaning they may be unprepared for a rise in their monthly payments. http://www.financialadvice.co.uk/news/mortgages/20150305/1-75-m-homeowners-unprepared-for-mortgage-increase.htmlThu, 05 Mar 2015 14:39:35 -0800Scottish Power accept selling banEnergy supplier Scottish Power has failed to meet regulator Ofgems customer service targets, leading to a 12 day sales ban. http://www.financialadvice.co.uk/news/householdbills/20150305/Scottish-power-accept-selling-ban.htmlThu, 05 Mar 2015 12:27:51 -080074% of people unaware of extended ISA limit Research from Santander has shown that 74% of people in the UK are unaware of the new higher annual ISA allowance, which increased from £5,760 to £15,000 in July of last year.http://www.financialadvice.co.uk/news/bankaccounts/20150304/74-of-people-unaware-of-extended-isa-limit.htmlWed, 04 Mar 2015 15:53:36 -0800Household Incomes still at pre crisis level The Institute of Fiscal Studies (IFS) has found that average household incomes are only at the same level that they were before the 2008 financial crisis, and are still more than 2% below their 2009/2010 peak.http://www.financialadvice.co.uk/news/ukeconomy/20150304/household-income-still-at-pre-crisis-level.htmlWed, 04 Mar 2015 11:31:13 -080043% of Brits leave half of letters unopenedAlmost half of people in the UK don’t open all the letters they receive in their post, partly due to avoiding bank statements or bills. http://www.financialadvice.co.uk/news/householdbills/20150303/43-of-brits-leave-half-of-letters-unopened.htmlTue, 03 Mar 2015 15:04:53 -0800Cameron promises 200,000 new starter homes Prime Minister David Cameron has promised that 200,000 new starter homes will be built in England by 2020, if the Tories win this years general election.http://www.financialadvice.co.uk/news/ukeconomy/20150303/cameron-promises-200000-new-starter-homes.htmlTue, 03 Mar 2015 10:23:37 -0800UK house prices fall in JanuaryNews: The average price of a home fell in January for the first time in five months, as inflation in the UK continued to slow. http://www.financialadvice.co.uk/news/ukeconomy/20150302-uk-house-prices-fall-in-january.htmlMon, 02 Mar 2015 14:37:59 -0800TV licence could be replaced by levy A group of MPs have claimed that the TV licence does not have a long term future in the UK, and may be replaced with a levy in the next 15 years. http://www.financialadvice.co.uk/news/householdbills/tv-licence-could-be-replaced-by-levy.htmlFri, 27 Feb 2015 10:37:35 -080038% of people to take advantage of pension freedomsA new study shows that 38% of people over 50 are looking to use the new pension freedoms to access additional funds from their pension. http://www.financialadvice.co.uk/news/pensions/20150226/38-of-people-to-take-advantage-of-pension-freedoms.htmlThu, 26 Feb 2015 14:35:40 -080073% of houses sold below asking price Nearly three quarters of houses on sale in January this year were sold for less than their asking price, according to figures from the National Association of Estate Agents January Housing Market Report. http://www.financialadvice.co.uk/news/mortgages/20150226/73-of-houses-sold-below-asking-price.htmlThu, 26 Feb 2015 10:59:58 -0800Government changes law to tackle cold calling The Government has announced new changes to the law to combat cold calling and nuisance text messages, including the ability to impose fines of up to £500,000. http://www.financialadvice.co.uk/news/ukeconomy/20150225/government-changes-law-to-tackle-cold-calling.htmlWed, 25 Feb 2015 14:46:16 -0800Employees may be missing out on higher pensionsMany employees of the UKs biggest companies are not taking advantage of opportunities to increase their pension pots, research from consultant firm Towers Watson has shown.http://www.financialadvice.co.uk/news/pensions/20150225/employees-may-be-missing-out-on-higher-pensions.htmlWed, 25 Feb 2015 10:32:33 -0800Annual retirement costs reach over £11,000The minimum costs for pensioners to eat, stay warm and have a roof over their heads has risen 8% in the last 12 months to £11,200 per year.http://www.financialadvice.co.uk/news/pensions/20150224/annual-retirement-costs-reach-over-11000.htmlTue, 24 Feb 2015 15:12:39 -0800Payday loans must now be on price comparison websites The Competition and Markets Authority (CMA) has announced new regulations and recommendations for payday loan companies, including the fact that payday loans now must make their product details available on at least one price comparison site. http://www.financialadvice.co.uk/news/loans/20150224/payday-loans-must-now-be-on-price-comparison-websites.htmlTue, 24 Feb 2015 10:50:16 -0800Half of people in the UK use mobile banking Almost a half of Brits now use internet backing to keep track of their finances, with almost two fifths logging in at least once a day to keep an eye on their money. http://www.financialadvice.co.uk/news/bankaccounts/20150223/half-of-people-in-the-UKMon, 23 Feb 2015 14:33:52 -0800Wages to rise this year UK workers will receive a pay rise in real terms this year for the first time since 2007, according to data from EY Item Club, the economic forecaster. http://www.financialadvice.co.uk/news/ukeconomy/20150223/wages-to-rise-this-year.htmlMon, 23 Feb 2015 12:05:15 -0800Millions of private parking tickets could be ‘illegal’The RAC Foundation has argued that millions of parking tickets enforced on private land should be deemed illegal, meaning some drivers could be due refunds. On behalf of the RAC Foundation, barrister John de Waal QC said that some penalties could be unenforceable in court, and therefore illegal. http://www.financialadvice.co.uk/news/householdbills/20150220/millions-of-private-parking-tickets-could-be-illegal.htmlFri, 20 Feb 2015 15:27:32 -0800British Gas could cut prices furtherBritish Gas have suggested that household gas prices could be cut even further, after recently announcing that their current prices will be reduced by 5% at the end of the month. Wholesale gas prices have plummeted in recent months, and Centrica, the company that owns British Gas, has said that they expect these prices to stay low for the foreseeable future.http://www.financialadvice.co.uk/news/householdbills/20150219/british-gas-could-cut-bills-further.htmlThu, 19 Feb 2015 13:40:26 -0800Fingerprint recognition technology to be used by banksNews: Two major high street banks have announced that they will introduce fingerprint recognition technology to their smartphone applications. http://www.financialadvice.co.uk/news/bankaccounts/20150218-fingerprint-recognition-technology-to-be-used-by-banks.htmlWed, 18 Feb 2015 15:04:12 -0800Loyal energy customers missing out on savingsThe Competition and Markets Authority (CMA) has said that many duel-fuel customers are missing out on big savings, as they are not switching energy suppliers. The energy industry has been under investigation from the CMA since June 2014, and some early findings have already suggested that over 95% of duel-fuel customers could have saved money by switching energy suppliers between 2012 and 2014.http://www.financialadvice.co.uk/news/householdbills/20150218/loyal-energy-customers-missing-out-on-savings.htmlWed, 18 Feb 2015 11:40:01 -0800Global dividend income reaches record highWorldwide dividend income paid to shareholders increased by 11% in 2014, reaching a record high of $1.167 trillion. The report, which was published by Henderson Global Investors suggested that companies in the US paid the largest share of dividends, at a total of $52 billion.http://www.financialadvice.co.uk/news/investments/20150217/global-dividend-income-reaches-record-high.htmlTue, 17 Feb 2015 14:26:05 -0800Inflation falls to lowest level since records beganNews: Inflation fell to the lowest level ever recorded in January, relinquishing financial pressure on consumers across the UK.http://www.financialadvice.co.uk/news/ukeconomy/20150217-inflation-falls-to-lowest-level-since-records-began.htmlTue, 17 Feb 2015 14:10:26 -0800Lifetime pension allowance a threat to retirement incomeNews: A report from Zurich has highlighted concerns over the amount future pensioners will receive due to the lifetime pension allowancehttp://www.financialadvice.co.uk/news/pensions/20150216-lilfetime-pension-allowance-a-threat-to-retirement-income.htmlMon, 16 Feb 2015 16:42:02 -0800One in three has ‘less than one months' income saved’News: A study conducted from figures raised in the Lloyds Bank Savings Index has found that one in three workers in the UK has less than one months’ wages savedhttp://www.financialadvice.co.uk/news/savings/20150216-one-in-three-has-less-than-one-months'-income-saved.htmlMon, 16 Feb 2015 11:43:30 -0800European Union ministers sceptical over Greece debt dealSeveral finance ministers from the Eurozone are set to meet in Brussels later today, despite growing scepticism that a deal can be made to restructure Greece’s debt. The Greek economy has been bailed out twice by the European Union in recent years. The first of these bailouts was in 2010 when a loan of €110 million was provided. http://www.financialadvice.co.uk/news/loans/20150216/european-union-ministers-sceptical-that-greece-debt-deal-can-be-made.htmlMon, 16 Feb 2015 11:02:30 -0800A quarter of Npower customers complained in 2014 More than a quarter of all Npower customers complained to the energy supplier last year, according to figures from Ofgem, the energy regulator. http://www.financialadvice.co.uk/news/householdbills/20150213/a-quarter-of-npower-customers-complained-in-2014.htmlFri, 13 Feb 2015 11:54:40 -0800Home repossessions fall to eight year low The number of homes repossessed by lenders in the UK has fallen to an eight year low, according to The Council of Mortgage Lenders (CML).http://www.financialadvice.co.uk/news/mortgages/20150212/home-repossessions-fall-to-eight-year-low.htmlThu, 12 Feb 2015 14:55:04 -0800Fears arise over pension mis-selling The pension reforms being introduced in the UK in April will lead to an abundance of mis-selling claims, according to an announcement from Scottish Friendly. http://www.financialadvice.co.uk/news/pensions/20150212/fears-arise-over-pension-miss-selling.htmlThu, 12 Feb 2015 11:02:56 -0800One in ten pensioners have been targeted by fraudsters One in ten pensioners in the UK have been the victim of financial scams during their retirement, research from MetLife shows. http://www.financialadvice.co.uk/news/pensions/20150211/one-in-ten-pensioners-have-been-targeted-by-fraudsters.htmlWed, 11 Feb 2015 15:55:30 -0800Rent to own schemes “rip customers off” A group of MPs believe that people who buy products on a “rent to own” basis are being ripped off.http://www.financialadvice.co.uk/news/loans/20150211/rent-to-own-schemes-rip-customers-off.htmlWed, 11 Feb 2015 10:35:42 -0800Problem debt effects Brits mental health According to research from the Debt Advisory Centre (DAC), 16% of people in the UK believe they have a problem with debt. http://www.financialadvice.co.uk/news/loans/20150210/problem-debt-effects-Brits-mental-health.htmlTue, 10 Feb 2015 15:16:48 -0800UK care workers are missing out on minimum wage Over a tenth of UK care workers are not being paid the minimum wage of £6.50 per hour, according to research from The Resolution Foundation. http://www.financialadvice.co.uk/news/ukeconomy/20150210/uk-care-workers-are-missing-out-on-minimum-wage.htmlTue, 10 Feb 2015 10:34:24 -0800Labour promise to double paternity leave If Labour are voted into power they will double the amount of paid paternity leave new fathers can take, from two weeks to four weeks, Ed Miliband has said.http://www.financialadvice.co.uk/news/ukeconomy/20150209/labour-promise-to-double-paternity-leave.htmlMon, 09 Feb 2015 16:44:29 -0800Pensioner bonds deadline extended by three months The Government backed pensioner bonds are set to be extended for another three months thanks to their enormous popularity, Chancellor George Osborne has said.http://www.financialadvice.co.uk/news/pensions/20150902/pensioner-bonds-deadline-extended-by-three-months.htmlMon, 09 Feb 2015 11:42:45 -0800Contactless payments treble The number of UK debit card holders using contactless technology to make payments has more than tripled in a year, according to data from the UK card association. http://www.financialadvice.co.uk/news/bankaccounts/20150206/contactless-payments-treble.htmlFri, 06 Feb 2015 15:54:47 -080044% of Brits use payday loans for essentials New research has found that 44% of people in the UK who have taken out a pay day loan have used it to pay for essentials such as food and travel costs. http://www.financialadvice.co.uk/news/loans/20150205/44-of-brits-use-payday-loans-for-essentials.htmlThu, 05 Feb 2015 15:22:33 -0800Tesco Bank customers unable to access accounts Tesco’s online banking service has been hit by a computer fault, leaving thousands of customers unable to access their bank accounts.http://www.financialadvice.co.uk/news/bankaccounts/20150205/Tesco-bank-customers-unable-to-access-accounts.htmlThu, 05 Feb 2015 10:57:11 -0800890,000 people face £100 fine from HMRCHM Revenue and Customs has claimed that up to 890,000 people will face an £100 fine for not filing their tax returns on time, after they missed their deadline on the 31st January.http://www.financialadvice.co.uk/news/tax/890000-people-face-100-fine-from-hmrc.htmlWed, 04 Feb 2015 15:59:29 -0800One in five shops empty in north of England More than one in five shops in northern towns in the UK are empty, according to research from the Local Data Company. http://www.financialadvice.co.uk/news/ukeconomy/20150204/one-in-five-shops-empty-in-north-of-englang.htmlWed, 04 Feb 2015 11:36:01 -0800Price comparison websites charge £30 per switchEnergy comparison websites earn up to £30 in commission every time someone uses their site to switch provider. This doubles to £60 when customers change both electricity and gas accounts. http://www.financialadvice.co.uk/news/householdbills/20150203/price-comparison-websites-charge-30-per-switch.htmlTue, 03 Feb 2015 14:52:03 -0800Energy cuts should have been faster and further The recent cuts that the “Big Six” energy companies made to customers bills could have been much bigger and have been made a lot earlier, according to consumer body Which?.http://www.financialadvice.co.uk/news/householdbills/20150203/energy-cuts-should-have-been-faster-and-further.htmlTue, 03 Feb 2015 11:47:23 -0800Free bank accounts to ‘disappear within a decade’News: A report from PwC has suggested that free banking will disappear within a decade as banks will find offering free accounts "unsustainable" http://www.financialadvice.co.uk/news/bankaccounts/20150202-free-bank-accounts-to-disappear-within-a-decade.htmlMon, 02 Feb 2015 14:34:23 -080012% of people pay more than half their wage on housing costs12% of UK adults are paying more than 50% of their take home wage on their mortgage or rent payments, according to research from the Debt Advisory Centre (DAC). http://www.financialadvice.co.uk/news/mortgages/12-of-people-pay-more-than-half-their-wage-on-housing-costs.htmlFri, 30 Jan 2015 15:11:21 -0800Young people see level of debt double Young people aged 18-34 have seen the level of their debt double within a year, research from the price comparison website, MoneySuperMarket, has found. http://www.financialadvice.co.uk/news/loans/20150130/young-people-see-level-of-debt-double.htmlFri, 30 Jan 2015 11:17:08 -0800Home insurance prices fall Buildings and contents insurance prices have fallen over the last year, according to the Association of British Insurers (ABI).http://www.financialadvice.co.uk/news/householdbills/20150129/home-insurance-prices-fall.htmlThu, 29 Jan 2015 11:09:41 -080019% of people retire with debt One in five people retiring this year will have to do so with debts averaging £21,800, a study has shown.http://www.financialadvice.co.uk/news/pensions/20150128/19-of-people-retire-with-debt.html Wed, 28 Jan 2015 15:12:24 -0800EDF energy to cut prices by just 1.6%EDF energy has announced that it will be cutting its gas prices from the 11th February, joining the other “Big Six” energy firms in the UK. http://www.financialadvice.co.uk/news/householdbills/20150128/EDF-energy-to-cut-prices-by-just-1-6.htmlWed, 28 Jan 2015 10:58:15 -0800Two million offered credit card insurance compensationTwo million customers will be offered compensation from their banks for being sold insurance policies they didn’t need, covering the loss or theft of their bank cards. http://www.financialadvice.co.uk/news/creditcards/two-million-offered-credit-card-insurance-compensation.htmlTue, 27 Jan 2015 14:40:32 -0800Experts worried over new pensions guidance service Margaret Snowdon, a leading pensions expert, has claimed that the governments new pensions advice service “pensions wise” will not be properly staffed by the 6th April launch date.http://www.financialadvice.co.uk/news/pensions/20150127/experts-worried-over-new-pensions-guidance-service.htmlTue, 27 Jan 2015 10:28:05 -0800HMRC tax avoidance crackdown increases payments by 60%News: The HMRC has increased tax income from the mass affluent by 60% after increasing resources targeting tax avoidance.http://www.financialadvice.co.uk/news/tax/20150126/hmrc-tax-avoidance-crackdown-increases-payments-by-60pc.htmlMon, 26 Jan 2015 16:03:55 -0800SSE announce 4.1% gas price cutGas and electricity company SSE has announced that they will be cutting gas prices in the UK by 4.1%, saving the average household around £28 a year. The energy supplier has become the latest out of the “big six” energy companies to cut gas prices, as a result of falling wholesale gas prices.http://www.financialadvice.co.uk/news/householdbills/20140126/sse-announce-4-point-1-percent-gas-price-cut.htmlMon, 26 Jan 2015 15:10:24 -0800Fixed price tariffs save £250 a year, says Ofgem Energy regulator Ofgem has claimed that customers could save up to £250 a year by simply switching to a fixed rate tariff. http://www.financialadvice.co.uk/news/householdbills/20150123/fixed-price-tariffs-save-250-a-year-says-ofgem.htmlFri, 23 Jan 2015 14:26:56 -0800Benefits cuts cost poorer households significantly Changes to taxes and benefits that the current government brought in have cost the average UK household £1,127 a year, according to the Instituted of Fiscal Studies (IFS).http://www.financialadvice.co.uk/news/ukeconomy/20150123/benefits-cuts-cost-poorer-households-significantly.htmlFri, 23 Jan 2015 13:35:22 -0800First time buyers need 26 years to save for depositIn London, it takes on average 26 years for a family to save up a deposit for their first home, according to a report from housing charity Shelter. http://www.financialadvice.co.uk/news/pensions/20150122/first-time-buyers-need-26-years-to-save-for-deposit.htmlThu, 22 Jan 2015 14:57:30 -0800New rules for price comparison websites Energy price comparison websites will now have to adhere to new rules announced by the energy regulator Ofgem, which will force them to become more transparent. http://www.financialadvice.co.uk/news/householdbills/20150122/new-rules-for-price-comparison-websites.htmlThu, 22 Jan 2015 10:28:36 -0800UK unemployment falls for 26th month in a rowUK unemployment has fallen even further to 1.9 million, its lowest level for more than six years, according to the Office of National Statistics (ONS).http://www.financialadvice.co.uk/news/ukeconomy/20150121/uk-unemployment-falls-for-26-month-in-a-row.htmlWed, 21 Jan 2015 15:19:53 -0800Car insurance to rise 10%, says AAThe AA have claimed that car insurance costs could rise by up to 10% throughout the year.http://www.financialadvice.co.uk/news/ukeconomy/20150121/car-insurance-to-rise-by-10-says-aa.htmlWed, 21 Jan 2015 11:54:50 -0800Scottish Power to cut gas pricesScottish Power has become the third of the “Big Six” energy firms to announce a price cut, after Eon and British Gas announced their cuts earlier this month.http://www.financialadvice.co.uk/news/householdbills/20150120/Scottish-power-to-cut-gas-prices.htmlTue, 20 Jan 2015 15:11:29 -0800FCA to change savings account market The Financial Conduct Authority has found that competition in savings accounts does not work out well for customers, particularly those with long-standing accounts. http://www.financialadvice.co.uk/news/bankaccounts/20150120/FCA-to-change-savings-account-market.htmlTue, 20 Jan 2015 10:36:50 -0800British Gas to cut prices by 5%Energy supplier British Gas has announced that they will cut their gas prices by 5% on the 27th February, reducing the typical families household bill by £37 per year. http://www.financialadvice.co.uk/news/householdbills/20150119/British-gas-to-cut-prices-by-5.htmlMon, 19 Jan 2015 16:05:25 -0800UK’s North South divide widens A new study by Centres for Cities has shown that the gap between economies in the north and south of the UK has widened. http://www.financialadvice.co.uk/news/ukeconomy/20150119/UKs-north-south-divide-widens.htmlMon, 19 Jan 2015 10:07:28 -0800Rent prices up 3% A survey from LSL Property Services has shown that the cost of renting a home in the UK has risen by 3% throughout 2014. http://www.financialadvice.co.uk/news/mortgages/20150116/rent-prices-up-3.htmlFri, 16 Jan 2015 14:31:19 -0800A third of Brits could not cope with base rate rise A new survey from loan.co.uk has shown that a third of Britons don’t think their finances could cope with a rise in the mortgage base rate.http://www.financialadvice.co.uk/news/ukeconomy/20150116/a-third-of-brits-could-not-cope-with-base-rate-rise.htmlFri, 16 Jan 2015 10:24:24 -0800Rules on Bankruptcy and Debt Relief Orders to changePeople who are considered “to poor to go bankrupt” with up to £20,000 debt will now be able to use a Debt Relief Order to enter insolvency.http://www.financialadvice.co.uk/news/loans/20150115/rules-on-bankruptcy-and-debt-relief-orders-to-change.htmlThu, 15 Jan 2015 15:51:12 -0800New Government pensioner bonds take-off The new pensioner bonds announced by the Chancellor of the Exchequer in the March Budget last year have been officially launched today. http://www.financialadvice.co.uk/news/pensions/20150115/new-government-pensioner-bonds-take-off.htmlThu, 15 Jan 2015 10:24:09 -0800One in 15 spend 50% of wage on debt repayments One in 15 people who have unsecured debt are spending over half of their take home earnings on monthly repayments, according to new research from the Debt Advisory Centre. http://www.financialadvice.co.uk/news/loans/20150114/one-in-15-spend-50-of-wage-on-debt-repayment.htmlWed, 14 Jan 2015 15:05:13 -0800Eon cuts gas prices for customers Energy firm Eon will cut gas prices for its customers by 3.5% will immediate effect. German company Eon supplies gas and electricity to 4.5 million homes in the UK, who will now save on average £24 off an annual household gas bill. http://www.financialadvice.co.uk/news/householdbills/20150114/Eon-cuts-gas-prices-for-customers.htmlWed, 14 Jan 2015 10:52:13 -0800Sainsburys to cut 500 jobs Supermarket giant Sainsburys has announced it will cut 500 jobs at its stores support centres under new plans to save money after sales figures continue to fall. http://www.financialadvice.co.uk/news/ukeconomy/20150113/sainsburys-to-cut-500-jobs.htmlTue, 13 Jan 2015 15:49:31 -080055% of pensioners to miss out on full state pension Government figures have shown that only 45% of pensioners will be eligible for the new state pension in the first five years of the system.http://www.financialadvice.co.uk/news/pensions/20150113/55-of-pensioners-miss-out-on-full-state-pension.htmlTue, 13 Jan 2015 11:04:32 -0800Ed Miliband calls for more powers for OfgemLabour leader Ed Miliband believes Ofgem should be given more powers to force firms to cut gas and electricity bills in relation to the fall of wholesales prices. http://www.financialadvice.co.uk/news/householdbills/20150112/ed-miliband-calls-for-more-powers-for-ofgem.htmlMon, 12 Jan 2015 14:22:14 -0800Pension changes could leave many without cash The charity Age UK has warned that the pension changes coming in April could leave significant numbers of older people running out of money in retirement.http://www.financialadvice.co.uk/news/pensions/20150112/pension-changes-could-leave-many-without-cash.htmlMon, 12 Jan 2015 12:02:14 -0800Half of people in fuel poverty are in workA report from right wing think tank Policy Exchange has revealed that half of those defined as being in fuel poverty in England are actually in employment. http://www.financialadvice.co.uk/news/householdbills/20150109/half-of-people-in-fuel-poverty-are-in-work.htmlFri, 09 Jan 2015 14:51:08 -080088% of people could not survive on state pension aloneOnly 12% of people over 40 years old believe they would be able to survive on the state pension of £8,000 a year, according to research from retirement specialists Partnership. http://www.financialadvice.co.uk/news/pensions/20150109/88-of-people-could-not-survive-on-state-pension-alone.htmlFri, 09 Jan 2015 10:29:08 -0800Plumbing company targeting elderly and vulnerable Boilershield- now known as Kwik Fix Plumbers- have been fined for cold calling vulnerable people, many of who were registered with the Telephone Preference Service. http://www.financialadvice.co.uk/news/householdbills/20150108/plumbing-company-targeting-elderly-and-vulnerable.htmlThu, 08 Jan 2015 14:31:13 -0800Tesco to close 43 stores Supermarket giant Tesco have announced plans to close 43 stores across the UK after its sales fell by 2.9%.http://www.financialadvice.co.uk/news/ukeconomy/20150108/tesco-to-close-43-stores.htmlThu, 08 Jan 2015 11:28:36 -0800Supermarket giant Sainsburys in crisisSupermarket giant Sainsburys has suffered its first fall in Christmas sales for more than a decade, as they admit the rest of the financial year will “remain challenging” for them. http://www.financialadvice.co.uk/news/ukeconomy/20150107/Supermarket-giant-Sainsburys-in-crisis.htmlWed, 07 Jan 2015 14:37:47 -0800Oil prices drop even further All four major supermarkets in the UK have announced a further fall in fuel prices taking effect this week, bringing petrol even closer to £1 a litre. http://www.financialadvice.co.uk/news/ukeconomy/20150108/oil-prices-drop-even-further.htmlWed, 07 Jan 2015 11:00:45 -0800Half of those effected unaware of rate rise Half of homeowners who will be directly affected by a rise in interest rates are not aware that their mortgage payments may increase in the near future. http://www.financialadvice.co.uk/news/mortgages/20150106/half-of-those-effected-unaware-of-rate-rise.htmlTue, 06 Jan 2015 15:24:33 -0800Number of first time buyers at seven year highThe number of people buying a home for the first time is at a seven year high, according to Halifax’s First Time Buyer Review.http://www.financialadvice.co.uk/news/mortgages/20150106/number-of-first-time-buyers-at-seven-year-high.htmlTue, 06 Jan 2015 11:09:01 -0800New pension freedoms for retired people suggested The pensions minister Steve Webb has announced that he would like to extend the pension freedoms announced in the Budget to existing pensioners, meaning retired people would be given the right to sell their pensions or annuities. http://www.financialadvice.co.uk/news/pensions/20150105/new-pension-freedoms-for-retired-people-suggested.htmlMon, 05 Jan 2015 14:32:49 -0800Young people more likely to be victims of fraudThe British Bankers Association (BBA) has claimed that people under the age of 25 are more vulnerable to money transfer scams than any other age group. http://www.financialadvice.co.uk/news/bankaccounts/20150105/young-people-more-likely-to-be-victims-of-fraud.htmlMon, 05 Jan 2015 10:36:57 -0800Tough times ahead for UK supermarkets 2015 will be a very tough year for supermarkets, according to Asda’s chief executive, Andy Clarke. http://www.financialadvice.co.uk/news/ukeconomy/20141231/tough-times-ahead-for-UK-supermarkets.htmlWed, 31 Dec 2014 10:22:51 -0800One in five people will retire with debtResearch from Key Retirement, the retirement specialists, shows that nearly one in five people over the age of 45 will retire in debt. http://www.financialadvice.co.uk/news/loans/20141230/one-in-five-people-will-retire-with-debt.htmlTue, 30 Dec 2014 15:02:00 -0800New pension freedoms could increase risk of fraud The new pension freedoms and flexibilities announced in the 2014 Budget may mean that pensioners are more exposed to losing their life savings to scammers. http://www.financialadvice.co.uk/news/pensions/20141230/new-pension-freedoms-could-increase-risk-or-fraud.htmlTue, 30 Dec 2014 10:35:43 -0800Childcare costs spiral for families Research from insurance giant Aviva shows that one in ten UK families see one parents wages go entirely toward childcare and commuting costs.http://www.financialadvice.co.uk/news/householdbills/20141229/Childcare-costs-spiral-for-families.htmlMon, 29 Dec 2014 14:44:23 -0800Citizens Advice urge energy suppliers to create “debt holidays” The charity Citizens Advice believes customers who use pre-payment meters should be given a debt “holiday” at certain times of the year, especially in winter.http://www.financialadvice.co.uk/news/householdbills/20141229/citizens-advice-urge-energy-suppliers-to-create-debt-holidays.htmlMon, 29 Dec 2014 10:50:23 -0800Power generation firms given £1bn pay out from Government Power generation firms have received a close to £1 billion pay out from the government to ensure their plants stay open and to reduce the treat of power cuts in the coming years.http://www.financialadvice.co.uk/news/householdbills/20141219/power-generation-firms-given-1-bn-pay-out-from-government.htmlFri, 19 Dec 2014 14:23:28 -0800Access to Work scheme not reaching all disabled peopleSome MPs have claimed that large numbers of disabled people are missing out on government support to help them into work.http://www.financialadvice.co.uk/news/ukeconomy/20141219/access-to-work-scheme-not-reaching-all-disabled-people.htmlFri, 19 Dec 2014 10:05:27 -0800Black Friday helps retail sales riseBlack Friday has caused UK retail sales to rise at their fastest annual rate for more than 10 years in November, official figures have shown. http://www.financialadvice.co.uk/news/ukeconomy/20141218/black-friday-helps-retail-sales-rise.htmlThu, 18 Dec 2014 16:43:59 -0800UK using less energy today than a decade agoThe UK is using less energy than a decade ago, even with the increase in electrical goods in households. http://www.financialadvice.co.uk/news/householdbills/20141218/uk-using-less-energy-today-than-a-decade-ago.htmlThu, 18 Dec 2014 10:59:26 -0800Wonga caps interest rates at FCAs maximum ratePayday loan company Wonga have changed their loans cap and interest rates in line with the new regulations introduced by the Financial Conduct Authority (FCA). http://www.financialadvice.co.uk/news/loans/20141217/wonga-caps-interest-rates-at-facs-maximum-rate.htmlWed, 17 Dec 2014 15:39:25 -0800Cap on benefits pushes more people into work New research has claimed that a cap on benefits is providing an incentive for people to get back into work. http://www.financialadvice.co.uk/news/ukeconomy/20141217/cap-on-benefits-pushes-more-people-into-work.htmlWed, 17 Dec 2014 10:14:39 -0800Co-op fails Bank of England “Stress Test”The Co-op bank has failed a stress test conducted by the Bank of England (BoE). HSBC, Barclays, Santander, Standard Chartered and Nationwide all passed and Lloyds Banking Group and Royal Bank of Scotland were found to be at risk in the event of a "severe economic downturn". http://www.financialadvice.co.uk/news/ukeconomy/20141216/Co-op-fails-bank-of-england-stress-test.htmlTue, 16 Dec 2014 15:37:58 -0800Government plans to build 100,000 discounted starter homes The Government is planning to build 100,000 new, discounted homes for first time buyers over the next five years.http://www.financialadvice.co.uk/news/mortgages/20141216/government-plans-to-build-100000-discounted-starter-homes.htmlTue, 16 Dec 2014 10:19:03 -0800Opening hours this Christmas at Financialadvice.co.ukOver the next couple of weeks our opening hours are set to change. If for any reason you still need to get in touch with us over the Christmas break, you can still ask us a question online, call us and leave a message or send us an email.http://www.financialadvice.co.uk/news/householdbills/20141215/opening-hours-this-Christmas-at-financialadvice.htmlMon, 15 Dec 2014 15:54:16 -0800Zero-hour employees earn £300 less than permanent People on zero hour contracts in their place of employment end up earning £300 less per week than permanent employees, a new report has shown. http://www.financialadvice.co.uk/news/ukeconomy/20141215/zero-hour-employees-earn-300-less-than-permanent.htmlMon, 15 Dec 2014 15:16:56 -0800Treasury plans fee free bank accountThe Treasury has announced plans to launch a new fee-free bank account on the high street. http://www.financialadvice.co.uk/news/bankaccounts/20141215/Treasury-plans-fee-free-bank-account.htmlMon, 15 Dec 2014 10:24:39 -0800BoE believes mortgage owners could cope with a 2.5% rate rise The Bank of England (BoE) believe the majority of people with mortgages could cope with a rise in interest rates, as long as wages rise alongside it.http://www.financialadvice.co.uk/news/ukeconomy/20141212/boe-believes-mortgage-owners-could-cope-with-a-2-5-rate-rise.htmlFri, 12 Dec 2014 15:31:59 -0800Water bills set to be reduced by 5% in 2020The average household water bill is set to fall by 5% in 2020, following a decision from industry regulator Ofwat.http://www.financialadvice.co.uk/news/householdbills/20141212/water-bills-set-to-be-reduced-by-5-in-2020.htmlFri, 12 Dec 2014 13:41:13 -0800Northern Rock forced to pay 43,000 customers compensation Former high street bank Northern Rock has been ordered to pay 43,000 borrowers compensation over misleading wording of past loan documents. http://www.financialadvice.co.uk/news/loans/20141211/northern-rock-forced-to-pay-43000-customers-compensation.htmlThu, 11 Dec 2014 15:16:30 -0800Pensioners are missing out on higher incomes Some pensioners are missing out on a higher income from their annuity because they did not shop around. http://www.financialadvice.co.uk/news/pensions/20141112/pensioners-are-missing-out-on-higher-incomes.htmlThu, 11 Dec 2014 11:23:19 -0800Energy bills have increased by 75% in last decade A government report has shown that household bills have increase by 75% from 2004 to 2014, much higher than the rate of general inflation, 23%. http://www.financialadvice.co.uk/news/householdbills/20141210/energy-bills-have-increased-by-75-in-last-decade.htmlWed, 10 Dec 2014 15:10:25 -0800Your former energy supplier might owe you cash The energy industry is encouraging the three million people who are owed money by their energy companies to reclaim it.http://www.financialadvice.co.uk/news/householdbills/20141210/your-former-energy-supplier-might-owe-you-cash.htmlWed, 10 Dec 2014 10:35:26 -0800Tesco shares lose another 15pc as profit warning is issuedNews: Shares in Tesco have fallen by another 15 per cent as the company issues its third profit warning in a matter of months. http://www.financialadvice.co.uk/news/ukeconomy/20141209/tesco-shares-lose-another-15pc-as-profit-warning-is-issued.htmlTue, 09 Dec 2014 10:55:47 -0800Majority of mortgage holders could cope with rate riseA report by the Bank of England has claimed that the majority of mortgage holders would be able to cope with increased interest rates, on the basis that household incomes increase by 10% at the same time. The report claimed that in the event of interest rates increasing to 2.5%, only 4% of mortgage holders would need to take action in order to keep up with their mortgage repayments.http://www.financialadvice.co.uk/news/mortgages/20141209/majority-of-mortgage-holders-could-cope-with-interest-rate-rise.htmlTue, 09 Dec 2014 10:38:46 -080016% of Brits take out credit with no plan to pay it back Research from YouGov has shown that 16% of people in the UK have taken out credit with no intention of paying it back, and half of those would consider repeating that behaviour. http://www.financialadvice.co.uk/news/loans/20141208/16-of-brits-take-out-credit-with-no-plan-to-pay-it-back.htmlMon, 08 Dec 2014 15:29:58 -0800Changes needed to use of personal data, says Government A government taskforce has called for a change in the way companies trade customers personal data, as they believe it is currently “out of control”. http://www.financialadvice.co.uk/news/ukeconomy/20141208/changes-needed-to-use-of-personal-data.htmlMon, 08 Dec 2014 13:34:10 -0800Barclays extends Smartphone cheque scheme One million more people will be invited to take part in a scheme, which allows people to pay a cheque into their bank account by taking a photo of it on their smart phone. http://www.financialadvice.co.uk/news/bankaccounts/20141205/Barclays-extends-smartphone-cheque-scheme.htmlFri, 05 Dec 2014 15:04:27 -0800Rail fares to rise by 2.2%Average rail fares will rise by 2.2% from 2nd January 2015, the rail industry has announced. This excluded regulated rails fares, which will rise by 2.5%.http://www.financialadvice.co.uk/news/ukeconomy/20141205/rail-fares-to-rise-by-2-2.htmlFri, 05 Dec 2014 09:48:05 -0800British Gas hit with £11.1 million fine British Gas has been fined £11.1 million by regulators Ofgem for failing to meet energy efficient targets on time. http://www.financialadvice.co.uk/news/householdbills/20141204/british-gas-hit-with-11-1-million-fine.htmlThu, 04 Dec 2014 11:22:13 -0800The Autumn Statement- what does it mean for me?We have covered some of the main points of the Autumn Statement in our summary, and addressed how they might affect you and your family. http://www.financialadvice.co.uk/news/ukeconomy/20141203/The-autumn-statment-what-does-it-mean-to-me.htmlWed, 03 Dec 2014 16:55:33 -0800Landline prices increase as usage falls The cost of having a landline telephone is significantly increasing, as more homes turn to other forms of communication and disregard the landline. http://www.financialadvice.co.uk/news/householdbills/20141202/landline-prices-increase-as-usage-falls.htmlWed, 03 Dec 2014 12:07:00 -0800UK family spending at £517.30 per week UK family spending stands at £517.30 a week, which is still less than pre financial crisis spending when inflation is taken into account. This has risen from £501 in 2012. http://www.financialadvice.co.uk/news/ukeconomy/20141202/UK-family-spending-at-517-per-week.htmlTue, 02 Dec 2014 15:05:45 -0800Telephone scams see massive increase The amount of money fraudsters have gained by using telephone scams has risen to £23.9 million, three times as much as it was last year. http://www.financialadvice.co.uk/news/bankaccounts/20141202/telephone-scams-see-massive-increase.htmlTue, 02 Dec 2014 10:35:04 -0800New regulations for payday loan brokersThe Financial Conduct Authority (FCA) has announced new regulations for payday loan middlemen, in an attempt to crackdown on unfair and extortionate fees. http://www.financialadvice.co.uk/news/loans/20141201/new-regulations-for-payday-loan-brokers.htmlMon, 01 Dec 2014 15:47:34 -0800What will happen in the Autumn Statement?In April, we heard the budget announcements telling us how the countries money will be spent over the next 12 months. Read what will happen in the Autumn Statement here. http://www.financialadvice.co.uk/news/ukeconomy/20141201/what-will-happen-in-the-autumn-statment.htmlMon, 01 Dec 2014 14:40:14 -080028% of over 55’s cannot afford to retire28% of over 55’s do not believe they will ever be able to afford to retire, research from Key Retirement, the independent retirement specialists, shows. http://www.financialadvice.co.uk/news/pensions/20141201/28-of-over-55s-cannot-afford-to-retire.htmlMon, 01 Dec 2014 11:05:56 -080071,000 benefit from Help to Buy schemeThe government run Help to Buy scheme has helped 71,000 people across the UK buy a new home, according to official statistics.http://www.financialadvice.co.uk/news/mortgages/20141128/71000-benefit-from-help-to-buy-scheme.htmlFri, 28 Nov 2014 15:00:02 -0800Energy companies fined £36 million Power generation companies, Drax and InterGen, have both been fined £36 million after failing to meet energy saving targets for low income households. http://www.financialadvice.co.uk/news/householdbills/20141128/energy-companies-fined-36-million.htmlFri, 28 Nov 2014 12:17:19 -0800One million customers overcharged for energyOver one million customers who have a pre-paid meter have been overcharged by their energy companies because their meter is faulty, Energy UK has revealed. http://www.financialadvice.co.uk/news/householdbills/20141127/one-million-customers-overcharged-for-energy.htmlThu, 27 Nov 2014 16:18:53 -0800Black Friday comes to the UKTomorrow, UK retailers will be slashing their prices by up to 70% as thousands of shoppers are expected to descend on the UKs high street. http://www.financialadvice.co.uk/news/ukeconomy/20141127/black-friday-comes-to-the-uk.htmlThu, 27 Nov 2014 11:04:12 -080028% of retirees use pension lump sum to clear debtMGM Advantage, a retirement income specialist, has released a report detailing how retirees use pension lump sums, showing 28% of retirees use them to pay off debt.http://www.financialadvice.co.uk/news/pensions/20141126/28-of-retirees-use-pension-lump-sum-to-clear-debt.htmlWed, 26 Nov 2014 15:42:08 -0800Banks receive 21 million complaints in six yearsBanks have paid out a total of £38.5 billion in fines and compensation over the last 15 years, a joint study by Cass Business School and think tank New City Agenda concludes. http://www.financialadvice.co.uk/news/ukeconomy/20141126/banks-receive-21-million-complaints-in-six-years.htmlWed, 26 Nov 2014 11:45:33 -0800Mortgage approvals fall by 16%Mortgage approvals have fallen by 16% in the last 12 months, providing further evidence that the housing market is slowing down, according to the British Banking Association (BBA). http://www.financialadvice.co.uk/news/mortgages/20141125/mortgage-approvals-fall-by-16-percent.htmlTue, 25 Nov 2014 15:36:02 -0800Investors warned about “fake” offshore bankInvestors are being warned by Banking Regulators to avoid Channel Offshore Bank, which is claiming to operate in the Channel Islands.http://www.financialadvice.co.uk/news/investments/investors-warned-about-fake-offshore-bank.htmlTue, 25 Nov 2014 15:34:37 -0800Nationwide’s mortgage lending falls by almost £1bNationwide Building Society’s mortgage lending has fallen by almost £1 billion over the past six months, its interim results show.http://www.financialadvice.co.uk/news/mortgages/20141125/nationwides-mortgage-lending-falls-by-almost-1-b.htmlTue, 25 Nov 2014 11:20:59 -0800The young and workers mostly likely to be in poverty Young people and those in work are now more at risk of poverty than the elderly and the unemployed, a report has shown. http://www.financialadvice.co.uk/news/ukeconomy/20141124/the-young-and-workers-most-likely-to-be-in-poverty.htmlMon, 24 Nov 2014 14:59:46 -0800Cost cutting supermarkets pile pressure on food producersSupermarkets such as Tesco, Asda and Morrison’s are forcing some food production companies into insolvency, according to accountancy company Moore Stephens. The number of food production companies who entered insolvency increased by 28% in the 12 months leading to September, despite an improving UK economic outlook.http://www.financialadvice.co.uk/news/ukeconomy/20141124/cost-cutting-supermarkets-pile-pressure-on-food-producers.htmlMon, 24 Nov 2014 14:41:36 -0800RBS face further IT problems after £56m fineRoyal Bank of Scotland customers have had problems using credit and debit cards in shops and at cash machines over the weekend. http://www.financialadvice.co.uk/news/bankaccounts/20141124/rbs-face-further-it-problems-after-56m-fine.htmlMon, 24 Nov 2014 11:17:25 -0800Treasury revises plans to give HMRC new tax powers Plans to give HM Revenue and Customs (HMRC) the power to raid people’s bank accounts for unpaid taxes have been revised, according to the Treasury.http://www.financialadvice.co.uk/news/tax/20141121/treasury-revises-plans-to-give-hmrc-new-tax-powers.htmlFri, 21 Nov 2014 15:01:36 -0800Gender pay gap falls to 9.4% The average gender full-time pay gap is at it’s lowest since records began in 1997, official figures show. http://www.financialadvice.co.uk/news/ukeconomy/20141121/gender-pay-gap-falls-to-9.htmlFri, 21 Nov 2014 15:00:02 -0800UK set to receive faster, cheaper 4G from 20204G data bills are expected to drop in the future due to Ofcom’s decision to free up more spectrum.http://www.financialadvice.co.uk/news/householdbills/20141121/uk-set-to-receive-faster-cheaper-4g-from-2020.htmlFri, 21 Nov 2014 10:52:45 -0800Pensioners may be £411 better off with new reforms David Gauke, The Financial Secretary to the Treasury, has said that the new pension reforms will ensure that increases to the basic state pension will not be outstripped by earnings, growth or inflation.http://www.financialadvice.co.uk/news/pensions/20141120/pension-reforms-mean-pensioners-may-be-£411-better-off.htmlThu, 20 Nov 2014 16:22:35 -0800RBS fined £56m for IT meltdownRoyal Bank of Scotland has been fined £56 million for a collapse in its consumer systems that left thousands of customers unable to access their bank accounts.http://www.financialadvice.co.uk/news/bankaccounts/20141120/rbs-fined-56m-for-IT-meltdown.htmlThu, 20 Nov 2014 10:48:33 -0800Grocery sales fall for first time in two decades Grocery sales have fallen for the first time in two decades, according to a report from Kantar Worldpanel. http://www.financialadvice.co.uk/news/ukeconomy/20141119/grocery-sales-fall-for-first-time-in-two-decades.htmlWed, 19 Nov 2014 15:59:03 -0800Labour look to break down barriers for self employedLabour shadow ministers have met with business leaders to discuss the current problem of self employed people having little access to mortgages and pensions.http://www.financialadvice.co.uk/news/pensions/20141118/labour-look-to-break-down-barriers-for-self-employed.htmlWed, 19 Nov 2014 10:47:09 -0800Wonga still owes 1000’s of customers compensationThousands of people who are owed compensation from pay day loan company Wonga have yet to be given any money. http://www.financialadvice.co.uk/news/loans/20141117/wonga-still-owes-1000s-of-customers-compensation.htmlTue, 18 Nov 2014 15:46:30 -0800MP’s call for HMRC to take action over tax avoiders MP’s have criticised HM Revenue & Customs (HMRC) for not acting quickly enough when it comes to action against tax avoiders. http://www.financialadvice.co.uk/news/tax/20141117/mps-call-for-HMRC-to-take-action-over-tax-avoiders.htmlTue, 18 Nov 2014 12:03:22 -0800Millions may be pushed into poverty by 2040Social policy charity the Joseph Rowntree foundation has released a report advising that the rising cost of private rents are on course to push thousands of people into poverty while adding billions of pounds onto the UK’s housing benefit bill. http://www.financialadvice.co.uk/news/property/20141117/millions-may-be-pushed-into-poverty-by-2040.htmlMon, 17 Nov 2014 16:01:14 -0800Young people with gambling problems suffer in silenceGambling charity GamCare believes not enough young people know where to turn when they have a gambling problem, leaving them to suffer in silence. http://www.financialadvice.co.uk/news/ukeconomy/20141117/young-people-with-gambling-problems-suffer-in-silence.htmlMon, 17 Nov 2014 10:31:00 -0800Lloyds to axe protection advice serviceLloyds Banking Group is soon to axe its protection advice service, leaving consumers without guidance or advice on protection products. http://www.financialadvice.co.uk/news/bankaccounts/20141114/Lloyds-to-axe-protection-advice-service.htmlFri, 14 Nov 2014 14:36:29 -0800Which? outs misleading packaging tacticsAn investigation by consumer group Which? has found that packaging tactics used by supermarkets and manufactures run the risk of misleading shoppers about products and deals. http://www.financialadvice.co.uk/news/ukeconomy/20141114/which-outs-misleading-packaging-tactics.htmlFri, 14 Nov 2014 11:06:23 -0800Number of house repossessions falls furtherThe number of homes being repossessed in the UK has fallen for the third quarter in a row.http://www.financialadvice.co.uk/news/mortgages/20141113/number-of-house-repossessions-falls-further.htmlThu, 13 Nov 2014 15:06:37 -0800Sainsburys report half year loss of £290 millionSupermarket Sainsburys have reported a half year loss of £290 million before tax and a fall in sales of 2.1%. http://www.financialadvice.co.uk/news/ukeconomy/20141113/sainsburys-report-half-year-loss-of-290-million.htmlThu, 13 Nov 2014 12:04:02 -0800Wage growth overtakes inflation for first time in five yearsThe Office of National Statistics (ONS) has revealed new figures that show growth in average pay for workers has overtaken inflation rates in the UK. http://www.financialadvice.co.uk/news/ukeconomy/20141112/wage-growth-overtakes-inflation-for-the-first-time-in-five-years.htmlWed, 12 Nov 2014 15:28:32 -0800Five banks fined £2 billion after currency rigging investigation UK, US and Swiss authorities have fined five banks more than £2 billion after widespread manipulation by the banks traders in the foreign exchange markets. http://www.financialadvice.co.uk/News/ukeconomy/20141112/five-banks-fined-over-2-billion-after-currency-rigging-investigation.htmlWed, 12 Nov 2014 12:29:46 -0800Aldi to create 35,000 UK jobsAldi have announced plans to create 35,000 new jobs in the UK, as it aims to have 1,000 stores in the UK by 2022. http://www.financialadvice.co.uk/news/ukeconomy/20141111/aldi-to-create-35000-uk-jobs.htmlTue, 11 Nov 2014 15:20:55 -0800FCA announce cap on pay day loan interest ratesThe Financial Conduct Authority (FCA) has announced a cap on the amount of interest that pay day loan companies can charged their customers.http://www.financialadvice.co.uk/news/loans/20141111/fca-announce-cap-on-pay-day-loan-interest-rates.htmlTue, 11 Nov 2014 10:42:10 -080010 million jobs at risk from advancing technology One in three jobs could be taken over by some form of technology in the next 20 years, new research has warned. http://www.financialadvice.co.uk/news/ukeconomy/20141011/10-million-jobs-at-risk-from-advancing-technology.htmlMon, 10 Nov 2014 16:52:45 -0800CBI calls for wage rises and more free childcare The Confederation of British Industry (CBI) believe more free childcare and tax cuts for the low paid are two of many measures that are needed in Britain to raise living standards. http://www.financialadvice.co.uk/news/ukeconomy/20141110/CBI-calls-for-wage-rise-and-more-free-childcare.htmlMon, 10 Nov 2014 10:40:13 -0800NAPF ask 101 questions about new pension regulationsThe National Association of Pension Funds (NAPF) has called the new pension regulations into disrepute by releasing 101 questions about “unresolved issues” the pension reforms have posed. http://www.financialadvice.co.uk/news/pensions/20141107/napf-ask-101-questions-about-new-pension-regulations.htmlFri, 07 Nov 2014 14:51:26 -0800Student loans review rejected by the Government MPs call for an urgent review of student loans has been rejected by the Government, despite being told the current system is under threat because of a “large potential black hole” in its figures.http://www.financialadvice.co.uk/news/loans/20141107/student-loans-review-rejected-by-the-government.htmlFri, 07 Nov 2014 11:29:36 -0800Sainsburys and Netto team up Sainsburys is set to open 15 discount stores in partnership with Danish discount chain Netto. http://www.financialadvice.co.uk/news/ukeconomy/20141106/sainsburys-and-netto-team-up.htmlThu, 06 Nov 2014 16:12:19 -0800CMA launches bank account competition investigation The Competition and Markets Authority (CMA) have announced a full competition enquiry into current account and small business banking markets. http://www.financialadvice.co.uk/news/bankaccounts/20141106/cma-launches-bank-account-competition-investigation.htmlThu, 06 Nov 2014 14:52:53 -0800Child maintenance payments to affect credit files Parents who miss child maintenance payments may now have their credit files affected, under new government proposals. http://www.financialadvice.co.uk/news/ukeconomy/20141105/child-maintenance-payments-to-affect-credit-files.htmlWed, 05 Nov 2014 16:41:10 -080053% of Brits unaware of state pension reforms 53% of the UK population, including 27% of people over the age of 55 are not aware of State Pension reforms, according to new research from Prudential. http://www.financialadvice.co.uk/news/ukeconomy/20141105/53-of-brits-unaware-of-pension-reforms.htmlWed, 05 Nov 2014 11:25:48 -0800Insolvency at lowest rate since 2006According to official figures from The Insolvency Service, insolvency is at it’s lowest rate since before the Financial Crisis in 2008.http://www.financialadvice.co.uk/news/ukeconomy/20141104/insolvency-at-lowest-rate-since-2006.htmlTue, 04 Nov 2014 15:08:27 -0800Which? call to stop “sneaky” and “unclear” mortgage feesConsumer organisation Which? have claimed that homeowners have to pay “sneaky” and “unclear” mortgage fees. http://www.financialadvice.co.uk/news/mortgages/20141104/which-call-to-stop-sneaky-and-unclear-mortgage-fees.htmlTue, 04 Nov 2014 10:31:12 -0800Taxpayers will now receive tax breakdown lettersFrom this week millions of taxpayers will start to receive details of exactly how their money is being spent by the government.http://www.financialadvice.co.uk/news/tax/taxpayers-will-now-receive-tax-breakdown-letters.htmlMon, 03 Nov 2014 14:48:51 -0800UK living wage rises by 20p per hourThe UK living wage has risen by 20p per hour to £7.85. The rate in London will rise from £8.80 an hour to £9.15.http://www.financialadvice.co.uk/news/ukeconomy/03122014/uk-living-wage-rises-by-20-per-hour.htmlMon, 03 Nov 2014 11:41:38 -0800£1 million home sales at highest ever The number of property sales worth £1 million or more is the highest it has even been, according to research from the UK’s largest mortgage provider, Lloyds Bank. http://www.financialadvice.co.uk/news/mortgages/20141031/1-million-home-sales-at-highest-ever.htmlFri, 31 Oct 2014 14:58:45 -0700Mortgage costs may rise with new BoE regulations The Bank of England (BoE) will today announce new regulations for banks to maintain financial safety nets. Industry experts believe this may raise the costs of mortgages and penalise building societies. http://www.financialadvice.co.uk/news/mortgages/20141031/mortgage-costs-may-rise-with-new-boe-regulations.htmlFri, 31 Oct 2014 11:21:33 -0700Three quarters of self employed men have no pension Less than a quarter of self employed men in the UK have any form of pension, official figures from the Office for National Statistics shows. http://www.financialadvice.co.uk/news/pensions/20141031/three-quarters-of-self-employed-men-have-no-pension.htmlFri, 31 Oct 2014 09:07:42 -0700Ministers consider employment and support allowance cutsInternal documents found by the BBC have shown that ministers are considering severely cutting the main Employment and Support Allowance (ESA) sickness benefit.http://www.financialadvice.co.uk/news/ukeconomy/20141030/ministers-consider-employment-and-support-allowance-cuts.htmlThu, 30 Oct 2014 11:17:43 -0700Beware of online loan brokersConsumers are being warned about “rip off” websites for online loan brokers, who offer to find people the best pay day loan, but end up taking money without the consumers permissionhttp://www.financialadvice.co.uk/news/loans/20141029/beware-of-online-loan-brokers.htmlWed, 29 Oct 2014 15:38:48 -0700New “Number Spoofing” fraud alert Criminals have started to use a new technique to try and get peoples bank details called “number spoofing”. http://www.financialadvice.co.uk/news/bankaccounts/20141029/new-number-spoofing-fraud-alert.htmlWed, 29 Oct 2014 10:50:29 -0700Bank of England to hold biggest ever review of UK marketsThe Bank of England are set to launch the biggest ever review of the financial markets in history. They are looking to restore consumer trust in the financial industry, after several investigations uncovered a number of rate-rigging scandals. http://www.financialadvice.co.uk/news/ukeconomy/20141028/bank-of-england-to-hold-biggest-ever-review-of-uk-markets.htmlTue, 28 Oct 2014 16:09:56 -070012% of people predicted to cash in pension 200,000 people may cash in their pension pots simultaneously next year, when the Governments new pension reforms come in. http://www.financialadvice.co.uk/news/pensions/20141028/12-of-people-predicted-to-cash-in-pension.htmlTue, 28 Oct 2014 15:55:27 -0700Lloyds confirm 9,000 job cutsLloyds banking group have confirmed it will be axing 9,000 jobs and will close 150 branches in the next three years. http://www.financialadvice.co.uk/news/ukeconomy/20141028/lloyds-confirm-9000-job-cuts.htmlTue, 28 Oct 2014 10:10:02 -070024 European Banks fail financial health testA total of 24 European Banks have failed a financial health check, which was carried out by the European Banking Authority (EBA). The test measured the financial strength of 123 European Banks, as of December 2013. However, some of the banks have taken action to raise extra capital since then.http://www.financialadvice.co.uk/news/ukeconomy/20141027/24-european-banks-fail-financial-health-test.htmlMon, 27 Oct 2014 15:58:32 -0700Clocks going back leads to bills increaseThe clocks going back one hour in October each year adds £630 million to the nation's winter energy bills.http://www.financialadvice.co.uk/news/householdbills/20141027/clocks-going-back-leads-to-bills-increase.htmlMon, 27 Oct 2014 14:42:12 -0700Record numbers of people in Britain are low-paidMore than five million people in Britain are in low paid jobs, research for think tank Resolution Foundation has said. http://www.financialadvice.co.uk/news/ukeconomy/20141027/record-number-of-people-in-Britain-are-low-paid.htmlMon, 27 Oct 2014 10:42:08 -0700Cost of renting rises by 1%The cost of renting a home in the UK rose 1% over the past year, official statistics have shown. http://www.financialadvice.co.uk/news/mortgages/20141024/cost-of-renting-rises-by-1.htmlFri, 24 Oct 2014 13:22:45 -0700Regular job movers can keep pension plansPeople who change jobs regularly will now no longer have to cash in or move their workplace pension, under new government plans.http://www.financialadvice.co.uk/news/pensions/20141024/regular-job-movers-can-keep-pension-plans.htmlFri, 24 Oct 2014 11:01:32 -0700Mortgage approvals fall to 14 month low The number of mortgages approved for house purchases has fallen 10% in a year, The British Bankers Associate (BBA) have said. http://www.financialadvice.co.uk/news/mortgages/20141023/mortgage-approvals-fall-to-a-14-month-low.htmlThu, 23 Oct 2014 15:21:24 -0700Tesco’s profits fall by 92% Tesco have suffered a 92% fall in pre tax profits this year, resulting in Tesco chairman Sir Richard Broadbent stepping down from his role in the firm. http://www.financialadvice.co.uk/news/ukeconomy/20141023/tescos-profits-fall-by-92.htmlThu, 23 Oct 2014 10:36:27 -0700Payday loan regulations may be detrimental to consumers The Consumer Finance Association believe borrowers who are denied credit from payday loans may actually end up worse off than they would have done if they were granted a loan. http://www.financialadvice.co.uk/news/loans/20141022/pay-day-loan-regulations-may-be-detrimental-to-consumers.htmlWed, 22 Oct 2014 14:58:51 -0700Cold Weather Plan may help save you money on bills Public Health England have released new guidelines for people in the UK to help them deal with the cold winter weather. http://www.financialadvice.co.uk/news/householdbills/20141022/cold-weather-plan-may-help-save-you-money-on-bills.htmlWed, 22 Oct 2014 10:45:34 -0700Consumers are winners in supermarket price warThe supermarket price war has lead to deflation in the grocery market, and like for like prices have declined by 0.2%.http://www.financialadvice.co.uk/news/ukeconomy/20141021/consumers-are-winners-in-supermarket-price-war.htmlTue, 21 Oct 2014 13:48:30 -0700Ed Balls outlines mansion tax Shadow chancellor Ed Balls has announced that if Labour come into power in the upcoming general election he will introduce a “mansion tax”http://www.financialadvice.co.uk/news/tax/20141021/ed-balls-outlines-mansion-tax.htmlTue, 21 Oct 2014 10:00:56 -0700MMR’s impact on mortgage market lessens The Mortgage Market Reviews effect on the UK’s mortgage market has reduced recently, according to the Bank of England’s latest trends in lending report. http://www.financialadvice.co.uk/news/mortgages/20141020/mmrs-impact-on-mortgage-market-lessens.htmlMon, 20 Oct 2014 13:33:14 -0700Equal parental leave pay for Civil Service EmployeesBoth male and female employees will be offered full parental pay in the Civil Service from April 2015. http://www.financialadvice.co.uk/news/ukeconomy/20141020/equal-parental-leave-pay-for-civil-service-employees.htmlMon, 20 Oct 2014 09:24:28 -0700Royal London calls for independent pensions commission Royal London has called for a new independent commission to improve policy on pensions, retirement income, and later life financial provision.http://www.financialadvice.co.uk/news/pensions/20141017/royal/london/calls/for/independent/ pensions/commision.htmlFri, 17 Oct 2014 15:19:05 -0700Bank of England recommends keeping interest rates lowInterest rates could remain at the benchmark low of 0.5% for longer than previously expected, following a speech from the Bank of England’s chief economist. http://www.financialadvice.co.uk/news/ukeconomy/20141017/bank-of-england-recommends-keeping-interest-rates-low.htmlFri, 17 Oct 2014 14:07:21 -0700More than 1m pensioners in poverty in the UK 1.6 million pensioners are living in poverty, a new report from the charity Age UK has shown. http://www.financialadvice.co.uk/news/pensions/20141017/more-than-1m-pensioners-in-poverty-in-the-UK.htmlFri, 17 Oct 2014 09:22:22 -0700Lack of drawdown controls concerns shadow minister Shadow pensions minister Gregg McClymont has expressed concern over lack of pension drawdown controls http://www.financialadvice.co.uk/news/pensions/20141016/lack-of-drawdown-controls-concerns-shadow-minister.htmlThu, 16 Oct 2014 15:36:10 -0700Labour promises first time buyers will be a priority Labour leader Ed Milliband has promised priority for first time buyers to buy newly built houses in their communities. http://www.financialadvice.co.uk/news/mortgages/20141016/labour-promise-first-time-buyer-will-be-a-priority.htmlThu, 16 Oct 2014 12:37:51 -0700Switch Guarantee causes 1.2m bank account switches1.2 million bank accounts were switched this year, helped by a government backed scheme created to generate more competition in the bank account market. http://www.financialadvice.co.uk/news/bankaccounts/20141015/switch-guarantee-causes-1-2-m-bank-account-switches.htmlWed, 15 Oct 2014 15:15:33 -0700Water firms issue misleading lettersUK Water firms have been sending out misleading “debt collection” letters to customers who have missed payments.http://www.financialadvice.co.uk/news/householdbills/20141015/water-firms-issue-misleading-letters.htmlWed, 15 Oct 2014 09:55:02 -0700North-south house price divide widensNew data from the Office of National Statistics (ONS) has shown the north-south house prices divide is at its biggest everhttp://www.financialadvice.co.uk/news/mortgages/20141014/north-south-house-price-divide-widens.htmlTue, 14 Oct 2014 14:18:10 -0700Banks launch new campaign against fraud UK banks have launched a new campaign to help consumers protect themselves from fraudsters. http://www.financialadvice.co.uk/news/bankaccounts/20141014/banks-launch-new-campaign-against-fraud.htmlTue, 14 Oct 2014 12:16:59 -0700Income tax likely to miss targets The level of income tax collected is likely to miss the governments target for this financial year, even though employment has risen. http://www.financialadvice.co.uk/news/ukeconomy/20141013/income-tax-likely-to-miss-targets.htmlMon, 13 Oct 2014 13:51:27 -0700Only 2.5% of retirees take up free pension advice Just 2.5% of retirees have opted to take free financial guidance from Legal & General.http://www.financialadvice.co.uk/news/pensions/20141013/only-2.5-of-retirees-take-up-free-pensions-advice.htmlMon, 13 Oct 2014 09:48:02 -0700Private sector pay to rise quicker than the public sector Private sector pay will rise quicker than pay in the public sector, a report from the Institute for Fiscal Studies has said.http://www.financialadvice.co.uk/news/ukeconomy/20141010/private-sector-pay-to-rise-quicker-than-the-public-sector.htmlFri, 10 Oct 2014 14:21:35 -0700Scotland announces no tax on properties below £130,000 Home buyers in Scotland will no longer have to pay tax on properties valued under £130,000, Scottish finance Secretary John Swinney has announced.http://www.financialadvice.co.uk/news/mortgages/20141010/scotland-announces-no-tax-on-properties-below-130000.htmlFri, 10 Oct 2014 09:39:01 -0700UK economic recovery at “critical” stageThe UK economic recovery is under threat from the potential of another Eurozone recession, chancellor George Osborne has warned. The chancellor said that the UK economy is at a “critical” stage in its recovery, and would be left vulnerable if the Eurozone suffers another financial crisis.http://www.financialadvice.co.uk/news/ukeconomy/20141009/uk-economic-recovery-at-critical-stage.htmlThu, 09 Oct 2014 15:03:59 -0700High street shop closures reach 16 a dayHigh streets are losing their number of shops dramatically, a study by PwC and the Local Data Company has shown. http://www.financialadvice.co.uk/news/ukeconomy/20141009/high-street-closures-reach-16-a-day.htmlThu, 09 Oct 2014 12:58:00 -0700Poundworld’s “everything £1” claim bannedPoundworld have been banned from making the “everything £1” claim by the Advertising Standards Authority (ASA), as some items were found to be on sale for as much as £8.99. They have been told that they could eventually be able to make the claim again, but only once they can prove that every item they sell is priced at £1.http://www.financialadvice.co.uk/news/ukeconomy/20141009/poundland-everything-1-pound-claim-banned.htmlThu, 09 Oct 2014 10:04:18 -0700New regulations proposed for pay day loansNew regulations have been proposed by the Competition and Markets Authority (CMA) which would increase price competition between payday lenders and help borrowers get a better deal.http://www.financialadvice.co.uk/news/loans/20141009/new-regulations-proposed-for-pay-day-loans.htmlThu, 09 Oct 2014 09:59:42 -0700Three fined for failing to handle complaints Mobile phone firm Three has been fined £250,000 by Ofcom for failing to handle customer complaints properly. http://www.financialadvice.co.uk/news/ukeconomy/20141008/three-fined-for-failing-to-handle-complaints.htmlWed, 08 Oct 2014 13:57:08 -0700Problem debt has massive cost on UK economyProblem debt cost the UK £8.3 billion through the damages it causes to peoples lives, a leading debt charity has claimed. http://www.financialadvice.co.uk/news/ukeconomy/20141008/problem-debt-has-massive-cost-on-UK-economy.htmlWed, 08 Oct 2014 12:59:07 -0700More money for energy saving home improvements schemeThe Green Deal Home Improvement fund will receive an extra £100 million funding, a government minister has today announced. http://www.financialadvice.co.uk/news/householdbills/20141007/more-money-for-energy-saving-home-improvements-scheme.htmlTue, 07 Oct 2014 14:54:24 -0700Complaints to water companies fall Complaints to water companies have largely fallen for their sixth year in a rowhttp://www.financialadvice.co.uk/news/householdbills/20141007/complaints-to-water-companies-fall.htmlTue, 07 Oct 2014 14:52:19 -0700Tesco crisis worsens as fifth executive is suspendedThe Tesco crisis has worsened as they have been forced to suspend a fifth senior executive, pending the results of their investigations. An investigation into the company’s finances was recently instigated by the discovery of a £250m black hole in their accounts.http://www.financialadvice.co.uk/news/ukeconomy/20141007/tesco-crisis-worsens-as-fifth-executive-is-suspended.htmlTue, 07 Oct 2014 11:17:19 -0700BoE proposes additional protection for consumersThe Bank of England (BoE) has today launched new proposals to protect savings, making it easier for consumers to get their cash back when banks fail.http://www.financialadvice.co.uk/news/bankaccounts/20141007/boe-proposes-additional-protection-for-consumers.htmlTue, 07 Oct 2014 09:45:50 -0700More people absent from work due to caring for othersOne in three employers have reported that absence levels have increased due to staff members struggling to cope with caring responsibilities outside of work. http://www.financialadvice.co.uk/news/ukeconomy/20141006/More-people-absent-from-work-due-to-caring-for-others.htmlMon, 06 Oct 2014 15:13:25 -0700Eurozone economies struggle in third quarterCompanies in the Eurozone have continued to struggle throughout the third quarter of 2014, with the French economy performing particularly badly. Figures showed growth in the Eurozone economy has continued to slow down in recent months.http://www.financialadvice.co.uk/news/ukeconomy/eurozone-economies-struggle-in-third-quarter.htmlMon, 06 Oct 2014 11:13:40 -0700Pay rise for apprentices plannedVince Cable will today announce plans to raise the apprentice minimum wage by £1.06. http://www.financialadvice.co.uk/news/ukeconomy/20141006/pay-rise-for-apprentices-planned.html Mon, 06 Oct 2014 09:22:28 -0700Morrisons launch price match loyalty cardMorrisons have launched a new loyalty card as it tries to compete with the low prices offered at Aldi and Lidl. http://www.financialadvice.co.uk/news/ukeconomy/20141003/morrisons-launch-price-match-loyalty-card.htmlFri, 03 Oct 2014 14:21:32 -0700Warm Home Discount Scheme is extended The government have announced the expansion of a discount scheme which will allow an extra 200,000 pensioners to get help with their energy bills this winter.http://www.financialadvice.co.uk/news/householdbills/20141003/warm-home-discount-scheme-is-extended.htmlFri, 03 Oct 2014 09:36:19 -0700Bank of England handed greater powers on mortgagesThe Bank of England has been granted new powers, which are intended to enable them to help the UK economy avoid another housing bubble. The new powers will allow the Bank to set limits on how much people are allowed to borrow when purchasing a home. They said this will be based on a ‘loan-to-income’ ratio, which is likely to be set at 4.5 times a household’s annual income. http://www.financialadvice.co.uk/news/mortgages/20141002/bank-of-england-handed-greater-powers-on-mortgages.htmlThu, 02 Oct 2014 15:52:04 -0700“Big Six” energy firms to lose quarter of customersFinancial analysts have predicted the “Big Six” energy firms in the UK will lose a quarter of their customers over the next six years. http://www.financialadvice.co.uk/news/householdbills/20141002/big-six-enegry-firms-to-lose-quarter-of-customers.htmlThu, 02 Oct 2014 13:24:37 -0700Wonga will write off 330,000 loans after FCA investigation The UK’s biggest pay day lender, Wonga, have today announced they will write off 300,000 customer loans, totalling in £220 million. http://www.financialadvice.co.uk/news/loans/20141002/wonga-will-write-off-330000-loan-after-fca-investigation.htmlThu, 02 Oct 2014 10:32:54 -0700Cameron promises tax cuts for 30 million people if Torys win David Cameron has pledged to cut tax for 30 million people if the Conservatives are voted in power again in the 2015 general election. http://www.financialadvice.co.uk/news/ukeconomy/20141001/cameron-promises-tax-cuts-for-30-million-people-if-torys-winWed, 01 Oct 2014 14:55:55 -0700New tax discs result in "double money"The government could receive extra revenue from motorists in the new car tax system, the AA has advised. http://www.financialadvice.co.uk/news/ukeconomy/20141001/new-tax-discs-result-in-double-money.htmlWed, 01 Oct 2014 13:19:27 -0700Inheritance law changes put in placeThe rules surrounding inheritance law have been updated, and they will now give spouses and civil partners more rights when a deceased partner hasn't written a will. Before the rules were changed, a married couple with no children would not be able to leave their entire estate to a spouse without writing a will. http://www.financialadvice.co.uk/news/tax/20141001/inheritance-law-changes-put-in-place.htmlWed, 01 Oct 2014 12:18:10 -0700Payday lenders need to do more to improve practices Just 1 in 5 people struggling to pay back a pay day loan have had their interest frozen and only a quarter of pay day loan customers feel like that are being treated sympathetically, according to the Citizens Advice Bureau (CAB). http://www.financialadvice.co.uk/news/loans/20140930/payday-lenders-need-to-do-more-to-improve-practises.htmlTue, 30 Sep 2014 13:45:37 -0700Osborne to crack down on technology firms tax avoidanceChancellor George Osborne has vowed to crackdown on global technology companies who operate in the UK, but do not pay enough tax. He accused some multinational technology firms of going to “extraordinary lengths” to avoid UK taxes, but claimed things will soon have to change.http://www.financialadvice.co.uk/news/ukeconomy/20140930/osborne-to-crack-down-on-tax-avoidance.htmlTue, 30 Sep 2014 12:27:15 -0700Brits still worse off since recession hit in 2008Household incomes are predicted to grow by a modest 1.8% to 2.0% a year over the next few years, according a survey completed by Earnest & Young, a multinational professional services firm. http://www.financialadvice.co.uk/news/ukeconomy/20140930/Brits-still-worse-off-since-recession-hit-in-in-2008.htmlTue, 30 Sep 2014 09:35:08 -0700Conservatives cut benefits for young peopleDavid Cameron has announced that a Conservative government would restructure the benefits system for 18-21 year olds. The prime minister said that if the Conservatives win the next general election, then they would cut the maximum household benefits cap from £26,000 to £23,000.http://www.financialadvice.co.uk/news/ukeconomy/20140929/conservatives-cut-benefits-for-young-people.htmlMon, 29 Sep 2014 14:08:29 -0700Ofgem criticise energy suppliers complaints handling Over half of people who complain to their energy suppliers are not satisfied with the way their complaints are handled, according to new research. http://www.financialadvice.co.uk/news/householdbills/20140929/ofgem-criticise-energy-suppliers-complaints-handling.htmlMon, 29 Sep 2014 13:55:49 -0700Chancellor George Osborne to cut 55% pension taxThe Chancellor will abolish a 55% “death tax” that currently applies to untouched "defined contribution" pension pots left by those aged 75 or over. http://www.financialadvice.co.uk/news/pensions/20140929/chancellor-george-osborne-to-cut-55-pension-tax.htmlMon, 29 Sep 2014 10:43:05 -0700London house prices fall for first time in two yearsThe average house price in London has fallen for the first time in almost two years, according to a report by Hometrack. Prices in London have continuously increased at unprecedented levels over the last two years, but demand finally appears to have levelled off.http://www.financialadvice.co.uk/news/property/20140926/london-house-prices-fall-for-first-time-in-two-years.htmlFri, 26 Sep 2014 09:38:32 -0700Graduate unemployment fallsThe number of unemployed graduates has fallen over the last 12 months, a study has suggested. The Higher Education Careers Service Unit (Hecsu) studied 256,350 recent graduates for six months after they left university, and found that just 7.3% were unemployed in January 2014.http://www.financialadvice.co.uk/news/ukeconomy/20140925/graduate-unemployment-falls.htmlThu, 25 Sep 2014 12:43:07 -0700Car insurance market set for overhaulThe car insurance market is set for an overhaul, following an investigation by the Competition and Markets Authority (CMA). One the major changes will be a ban on exclusive pricing deals between insurers and price comparison websites.http://www.financialadvice.co.uk/news/insurance/20140924/car-insurance-market-set-for-overhaul.htmlWed, 24 Sep 2014 14:36:17 -0700New Tesco Finance Director joins three months earlyTesco have announced that their new finance director, Alan Stewart, is to start work three months early. The move comes after reports emerged that the company overestimated their profits for the last six months by £250m.http://www.financialadvice.co.uk/news/ukeconomy/20140923/new-tesco-finance-director-joins-three-months-early.htmlTue, 23 Sep 2014 12:25:50 -0700Ed Balls reveals Labour plans to cut government deficitEd Balls has revealed that Labour will continue to cut costs if they win at the next general election. The shadow chancellor said that the Labour party is serious about “balancing the books”, but claimed that they do this in a “fair way”.http://www.financialadvice.co.uk/news/ukeconomy/20140922/ed-balls-reveals-labour-plans-to-cut-government-deficit.htmlMon, 22 Sep 2014 11:10:22 -0700British retail growth increasesBritish retail growth increased significantly last month, according to official figures from the Office for National Statistics (ONS). http://www.financialadvice.co.uk/news/ukeconomy/20140919/british-retail-growth-increases.htmlFri, 19 Sep 2014 15:17:20 -0700Shares rise as Scotland say no to independence Share prices in companies listed on the London stock exchange have increased as a result of the Scottish independence referendum. It was announced that Scotland voted against independence in the referendum, and as a result the FTSE 100 increased by 0.75% this morning.http://www.financialadvice.co.uk/news/ukeconomy/20140919/shares-rise-as-scotland-say-no-to-independence.htmlFri, 19 Sep 2014 14:45:29 -0700Private renting more expensive than ever before Rent has risen to an all time high of £761 a month, higher than a previous record set in October 2013, according to a survey from LSL property services. http://www.financialadvice.co.uk/news/mortgages/20140919/private-renting-more-expensive-than-ever-before.htmlFri, 19 Sep 2014 09:24:12 -0700Phones 4U in 11th hour rescue planPhones 4U, who look set to go bankrupt due to a loss of key suppliers, could be offered a final reprieve by the company’s creditors. The company recently lost contracts with both Vodafone and EE, which essentially meant the business is no longer commercially viable.http://www.financialadvice.co.uk/news/ukeconomy/phones-4u-in-11th-hour-rescue-plan.htmlThu, 18 Sep 2014 10:24:18 -0700Financialadvice.co.uk watches as Scotland decides Voters in Scotland will today answer “Yes” or “No” to the question “Should Scotland be an independent country?”http://www.financialadvice.co.uk/news/ukeconomy/20140918/financial-advice-watches-as-Scotland-decides.htmlThu, 18 Sep 2014 10:21:08 -0700Unemployment at lowest rate since 2008An official report from The Office for National Statistics (ONS) has shown that unemployment rates have fallen to 6.2% over the last three months, its lowest rate since 2008.http://www.financialadvice.co.uk/news/ukeconomy/20140917/unemployment-at-lowest-rate-since-2008.htmlWed, 17 Sep 2014 13:30:23 -0700House prices hit new peak in six regionsHouse prices are now higher than before the financial crisis in six regions of the UK, according to the Office for National Statistics (ONS). These six regions include, London, the South East of England, the East of England, the East Midlands, the West Midlands and the South West of England.http://www.financialadvice.co.uk/news/property/20140917/house-prices-hit-new-peak-in-six-regions.htmlWed, 17 Sep 2014 12:57:35 -0700NPower in last place for customer serviceNPower have ranked bottom in a customer service league out of 100 brands, completed by consumer group Which? http://www.financialadvice.co.uk/news/householdbills/20140917/NPower-in-last-place-for-customer-service/htmlWed, 17 Sep 2014 09:46:08 -0700Inflation rate falls to 1.5%The annual inflation rate fell to just 1.5% in August, according to the Office for National Statistics (ONS). Some of the major factors which have resulted in the falling rate of inflation are the costs of amenities such as food and petrol, which have decreased in recent months due to a supermarket price war.http://www.financialadvice.co.uk/news/ukeconomy/20140916/inflation-rate-falls-to-1-point-5-pc.htmlTue, 16 Sep 2014 13:30:29 -070060% of parents unable to save money for their children60% of UK parents are unable to save any money for their children’s future, according to new research from the housing charity, Shelter.http://www.financialadvice.co.uk/news/savings/20140916/60-of-parents-unable-to-save-money-for-their-children.htmlTue, 16 Sep 2014 13:14:08 -0700Contactless payments introduced on London’s travel network Contactless payments will be introduced on London’s tube, tram, DLR, overground and most National Rail services in London from today.http://www.financialadvice.co.uk/news/bankaccounts/20140916/contactless-payments-introduced-on-london-travel-networkTue, 16 Sep 2014 09:33:38 -0700Complaints to water companies fall Complaints to water companies have largely fallen for their sixth year in a row, according to the water bill watchdog, Consumer Council for Water.http://www.financialadvice.co.uk/news/householdbills/20140915/complaints-to-water-companies-fall.htmlMon, 15 Sep 2014 13:18:31 -0700Phones 4U to go into administration High street mobile phone chain, Phones 4U is to be forced into administration after both Vodafone and EE decided not to renew their contracts with them. Phones 4U employ over 5,500 people, all of whom could potentially lose their jobs. David Kassler, chief executive at Phones 4U said that without the contracts with Vodafone and EE, the company “do not have a business”.http://www.financialadvice.co.uk/news/ukeconomy/phones-4u-to-go-into-administration.htmlMon, 15 Sep 2014 12:36:08 -070030 Year fixed rate mortgages may be introduced30 Year fixed rate mortgages could be introduce as a product for first time buyers in the next few months. http://www.financialadvice.co.uk/news/mortgages/20140915/30-year-fixed-rate-mortgages-may-be-introduced.htmlMon, 15 Sep 2014 10:19:35 -0700Planning permission to build new homes at six year highThe number of new homes being built could be set to grow even further, as it was revealed that planning permission to build new homes hit a six year high in the second quarter of 2014. The figures, which were published in the Home Builders Federation (HBF) Housing Pipeline report showed that planning permission for 56,647 homes was granted in England during this time period. http://www.financialadvice.co.uk/news/property/20140912/planning-permission-to-build-new-homes-at-six-year-high.htmlFri, 12 Sep 2014 15:05:37 -0700Independent Scotland may face everyday price increasesIf Scotland votes yes in the upcoming independence referendum many business have advised that they may have to increase prices of goods and services in Scotland. http://www.financialadvice.co.uk/news/ukeconomy/20140912/independent-scotland-may-face-everyday-price-increases.htmlFri, 12 Sep 2014 12:58:18 -07001.1m people switch bank accounts with Switch Service 1.1 million people have decided to switch current accounts in the last year, due to a nation switching service introduce a year ago. http://www.financialadvice.co.uk/new/bankaccounts/20140912/1.1m-people-switch-bank-accounts-with-switch-service.htmlFri, 12 Sep 2014 08:50:55 -0700RBS and Lloyds Bank shares jump amid plans to move southShare prices for RBS and Lloyds Bank jumped today, as they joined a host of other banks who have announced contingency plans to re-register as English companies in the event of a “yes” vote for Scottish independence. Other banks that have made a similar announcement in recent days include TSB and Clydesdale Bank, who are the owners of Yorkshire Bank.http://www.financialadvice.co.uk/news/bankaccounts/20141109/rbs-and-lloyds-bank-shares-jump-amid-plans-to-move-south.htmlThu, 11 Sep 2014 15:36:02 -0700Over half of Britons do not have a will New research has found that 28.7 million British adults have not yet written a will. The study shows more than half of the population has not yet written a will.http://www.financialadvice.co.uk/news/householdbills/20140911/over-half-of-britons-do-not-have-a-willThu, 11 Sep 2014 14:32:11 -0700Annuity rates have fallen at fastest rate in 3 years Annuity rates have fallen at their fastest pace in three years, the information website Moneyfacts has found. http://www.financialadvice.co.uk/news/pensions/20140911/annuity-rates-have-fallen-at-fastest-rate-in-3-years.htmlThu, 11 Sep 2014 09:30:19 -0700Energy companies owe £153m to customersThe “big six” energy suppliers have been ordered to refund 3 million households an average of £50 each. It has emerged that energy firms such as Npower, British Gas and EDF have accumulated around £153m in overpayments over the last six years, which are yet to be reclaimed by customers. http://www.financialadvice.co.uk/news/householdbills/20140910/energy-companies-owe-153m-to-customers.htmlWed, 10 Sep 2014 15:06:43 -0700Are you missing out on a £140 winter fuel bill discount?Thousands of pensioners and people on low incomes are missing out on a £140 winter fuel bill discount to help with their bills. http://www.financialadvice.co.uk/news/householdbills/20140910/are-you-missing-out-on-a-140-winter-fuel-bill-discount.htmlWed, 10 Sep 2014 14:29:28 -0700Smart meters will only save £26 a year on energy bills Smart meters, which are due to be installed into every home in Britain by 2020, will only save consumers 2%, or £26, on their annual bills.http://www.financialadvice.co.uk/news/householdbills/20140910/smart-meters-will-only-save-26-a-year-on-energy-bills.htmlWed, 10 Sep 2014 10:08:24 -0700FCA Quizzed on Post-RDR Advice GapNews: The FCA has been quizzed by a Conservative MP about the advice gap that continues to widen since the RDRhttp://www.financialadvice.co.uk/news/pensions/20140910-FCA-quizzed-on-post-RDR-advice-gapWed, 10 Sep 2014 10:01:17 -0700Getting rid of free bus passes would cost economy £1.7 billionA study has show that removing free bus passes for disabled people and pensioners would actually cost the economy in excess of £1.7 billion a year.http://www.financialadvice.co.uk/news/pensions/20140909/getting-rid-of-free-bus-passes-would-cost-economy-1.7-billion.htmlTue, 09 Sep 2014 14:46:07 -0700TSB planning to open up to 30 new branchesTSB have confirmed that they are planning to open up to 30 local branches in the UK. The bank has declined to confirm where the new branches will be, as they are still negotiating the acquisition of the new sites, but experts say they’re most likely to be in the Midlands and the South East.http://www.financialadvice.co.uk/news/bankaccounts/20140909/tsb-planning-to-open-up-to-30-new-branches.htmlTue, 09 Sep 2014 13:33:40 -0700British people access their pensions earliestBritish people choose to access their pensions earlier than anywhere else in the EU, but also work later into older age, research by the European Commission has found. http://www.financialadvice.co.uk/news/pensions/20140909/british-people-access-their-pensions-earliest.htmlTue, 09 Sep 2014 10:06:25 -0700Pound falls amid Scottish Independence pollThe British pound fell to its lowest level for 10 months, after a poll revealed a narrow support for Scottish independence. The Scottish public are set to be asked the question “Should Scotland be an independent country?” on Thursday 18th October, in a referendum that could see the Scotland leave Great Britain.http://www.financialadvice.co.uk/news/ukeconomy/20140908/pound-falls-amid-scottish-independence-poll.htmlTue, 09 Sep 2014 08:19:18 -0700House price inflation may have started to easeThe increase in house pricing in Britain may have started to ease, according to a survey done by Halifax, the nation’s largest mortgage lender. http://www.financialadvice.co.uk/news/mortgages/20140908/house-price-inflation-may-have-started-to-ease.htmlMon, 08 Sep 2014 13:56:05 -0700"Big Six" energy companies continue to lose market shareNew figures released have shown the six biggest energy companies in England are continuing to lose market share to smaller suppliers. http://www.financialadvice.co.uk/news/householdbills/20140908/big-six-energy-companies-continue-to-lose-market-share.htmlMon, 08 Sep 2014 09:13:42 -070049% of Britons think interest rates will go up Nearly half of Britons think that the Bank of England will raise the interest rates over the next 12 months.. This would affect mortgage, credit card and loan rates for everyday consumers.http://www.financialadvice.co.uk/News/ukeconomy/20140905/49-of-britons-think-interest-rates-will-go-up.htmlFri, 05 Sep 2014 14:53:07 -0700HRMC criticised for causing confusionHMRC have been heavily criticised for causing confusion by sending out “incorrect” letters to higher rate taxpayers who they suspect have not repaid their child benefits. If a parent in a two child family earns over £50,000, they are required to payback £1,770 in child benefit payments. http://www.financialadvice.co.uk/news/tax/20140905/hmrc-criticised-for-causing-confusion.htmlFri, 05 Sep 2014 12:58:35 -0700Barclays launches “finger vein” reader Barclays and Hitachi have today launched a new, futuristic way to for customers to access bank accounts, using only their finger.Customers will be able to access their bank account without having to use passwords, pin numbers or electronic number generators.http://www.financialadvice.co.uk/news/bankaccounts/20140905/barclays-launches-finger-vein-reader.htmlFri, 05 Sep 2014 10:03:47 -0700Banking complaints rise by 7% in six monthsThe Financial Ombudsman has announced that banking complaints have risen by 7% in the last 6 months. http://www.financialadvice.co.uk/news/bankaccounts/20140905/banking-complaints-rise-by-7-in-six-months.htmFri, 05 Sep 2014 08:25:29 -0700Standard Life shareholders set for £1.75bn windfallStandard Life shareholders are set to receive a share of a £1.75bn windfall, after the insurance and investments company sold the Canadian side of its business to Manulife. The sale of assets will mean that Standard Life will no longer retain their insurance and investments business within Canada. However, they will still work with Manulife to sell their products in Canada, the US and Asia.http://www.financialadvice.co.uk/news/investments/20140904/standard-life-shareholders-set-for-1-point-7-5-bn-windfall.htmlThu, 04 Sep 2014 14:22:39 -0700OneStop shoppers to receive offers via appCustomers are able to have personalised discount offers sent directly to their smartphone whenever they enter a OneStop store from this week. http://www.financialadvice.co.uk/news/ukeconomy/20140904/onestop-shoppers-to-receive-offers-via-app.htmlThu, 04 Sep 2014 11:14:18 -0700UK economy stronger than previously thought The UK economy has grown stronger over the past few years than was previously thought, according to new figures from The Office for National Statistics. http://www.financialadvice.co.uk/news/ukeconomy/20140903/UK-economy-stronger-than-previously-thought.htmlWed, 03 Sep 2014 14:44:07 -070048,000 use governments Help to Buy schemeMore than 48,000 people have bought a home through the governments Help to Buy scheme since it started. http://www.financialadvice.co.uk/news/mortgages/20140903/48000-use-governments-help-to-buy-scheme.htmlWed, 03 Sep 2014 09:58:20 -0700Financial difficulty due to pay day loans up 42% The number of people in financial difficulty due to pay day loans has risen by 42% in the last 6 months, according to StepChange debt charity.http://www.financialadvice.co.uk/news/loans/20140902/financial-difficulty-due-to-pay-day-loans-up-42.htmlTue, 02 Sep 2014 12:18:59 -0700Bankruptcy among pensioners sharply rises Pensioners in Britain are now more likely to go bankrupt than they were at the height of the recession, even though overall bankruptcy figures have gone down. http://www.financialadvice.co.uk/news/pensions/20140902/bankruptcy-among-pensioners-sharply-rises.htmlTue, 02 Sep 2014 09:55:43 -0700Less than a Quarter of Families have Income ProtectionA study from Scottish Widows has revealed that more than three-quarters of families in the UK with children under 16 are without income protectionhttp://www.financialadvice.co.uk/news/insurance/20140829-less-than-a-quarter-of-families-have-income-protection.htmlFri, 29 Aug 2014 15:58:54 -0700RBS and NatWest fined for mortgage advice failingsRBS and NatWest are facing a large fine after the FCA revealed "serious failings" in mortgage advice given to customershttp://www.financialadvice.co.uk/news/mortgages/20140827-rbs-and-natwest-fined-for-mortgage-advice-failings.htmlWed, 27 Aug 2014 10:19:49 -0700Mortgages approvals fall in July, according to BBAThe British Bankers Association has revealed that the number of mortgage approvals fell in July from the previous month, Junehttp://www.financialadvice.co.uk/news/mortgages/20140826/mortgage-approvals-fall-in-july-according-to-bba.htmlTue, 26 Aug 2014 15:39:21 -0700EDF Energy ordered to pay £3 millionEDF Energy has been told to pay £3m to a Citizens Advice scheme for the benefit of “vulnerable customers”, after an investigation by Ofgem found the company had poorly managed a number of complaints. Ofgem found that after a new IT system was introduced in 2011, complaints increased by 30%. This was because the system did not give the company the ability to properly receive, record and process customer complaints.http://www.financialadvice.co.uk/news/householdbills/20140822/edf-energy-ordered-to-pay-3m.htmlFri, 22 Aug 2014 09:52:55 -0700Pension charges cap could hand savers £1bn boostA cap on pension charges could hand savers a £1bn boost, according to one of the UK’s largest pension providers. In the recent pension reforms, the government announced that management charges on workplace pension schemes would be capped at 0.75% a year. http://www.financialadvice.co.uk/news/pensions/20140821/pension-charges-cap-could-hand-savers-1bn-boost.htmlThu, 21 Aug 2014 10:43:33 -0700Interest rates will not increase in 2014 – Bank of EnglandThe Bank of England has confirmed that interest rates will remain at the benchmark low of 0.5% for the remainder of 2014. There has been speculation in recent months that interest rate rises would be enforced as the economy continues to recover, however a fall in inflation has eased any pressure on the Bank to increase their rates in the near future. http://www.financialadvice.co.uk/news/ukeconomy/20140820/interest-rates-will-not-increase-in-2014-bank-of-england.htmlWed, 20 Aug 2014 13:52:33 -0700Payday loan middleman complaints doubleComplaints from payday loan customers about credit broking services have doubled over the last 12 months, according to the Financial Ombudsman Service (FOS). Credit broking websites are essentially middlemen between the payday loan company and the customer, and they are designed to help people find a loan that suits their needs. http://www.financialadvice.co.uk/news/loans/20140819/payday-loan-middlemen-complaints-double.htmlTue, 19 Aug 2014 10:07:36 -0700UK economic growth figures better than expectedThe UK economy performed better than expected in the second quarter of 2014, as it expanded by 3.2% in comparison with the same period last year. It was originally estimated that the economy would only grow by 3.1%, but figures released by the Office for National Statistics (ONS) confirmed that the UK economy had its best year since its 2008 peak. http://www.financialadvice.co.uk/news/ukeconomy/20140818/uk-economic-growth-figures-better-than-expected.htmlMon, 18 Aug 2014 09:12:19 -0700Homeowners told to prepare for increased mortgage rates Mortgage rates “will rise at some stage” and borrowers should be planning their finances for this eventuality, according to the Council of Mortgage Lenders (CML). During the second quarter of the year, home repossessions fell to the lowest level since quarterly records began in 2008. http://www.financialadvice.co.uk/news/property/20140815/homeowners-told-to-prepare-for-increased-mortgage-rates.htmlFri, 15 Aug 2014 09:32:10 -0700Liberal Democrats make income tax pledgeThe income tax threshold would be increased to £12,500 during the next Parliament if Liberal Democrats were to come into power. The ‘income tax threshold’ is the amount of money a person needs to earn within a tax-year before they have to start paying income tax.http://www.financialadvice.co.uk/news/tax/20140814/liberal-democrats-make-income-tax-pledge.htmlThu, 14 Aug 2014 11:22:49 -0700IPPR warns government over youth unemploymentThe youth unemployment problem in the UK will not be solved by an economic recovery, the Institute for Public Policy (IPPR) has warned in a report. The report said that although youth unemployment has been falling steadily, there are still around 868,000 unemployed 16 to 24 year-olds in the UK. The IPPR said that one of the biggest problems is a ‘mismatch’ between what these youths are being trained to do and what jobs are actually available.http://www.financialadvice.co.uk/news/ukeconomy/20140813/ippr-warns-government-over-youth-employment.htmlWed, 13 Aug 2014 10:06:19 -0700Credit and debit cards used more often than everThe average value of a purchase with a credit or debit card has dropped recently, suggesting that card payments are becoming an even bigger part of customer shopping habits. The average transaction for credit and debit cards fell by £1.40 over the last 12 months, and it now stands at £47.51. These figures suggest that more people are using cards for regular everyday spending, rather than just for big purchases.http://www.financialadvice.co.uk/news/creditcards/20140812/credit-and-debit-cards-used-more-often-than-ever.htmlTue, 12 Aug 2014 15:23:10 -0700Energy prices pushed up by regulation Energy prices could actually be getting pushed up by aggressive regulation of the market, according to a letter that has been sent to the Competition and Markets Authority (CMA). The letter which was written by a group of former energy regulators, claimed that rising energy costs and a lack of competition could be a result of over-regulation.http://www.financialadvice.co.uk/news/householdbills/20140811/energy-prices-pushed-up-by-regulation.htmlMon, 11 Aug 2014 10:05:00 -0700Pensioners to take advantage of flexible pensionsOver a third of pensioners will take cash out of their pension fund when new rules come into effect in April 2015, according to H M Revenue and Customs. That will mean an estimated 130,000 people will take advantage of the changes to the pension system, which were announced by chancellor George Osborne in his 2014 Budget speech. http://www.financialadvice.co.uk/news/pensions/20140808/pensioners-to-take-advantage-of-flexible-pensions.htmlFri, 08 Aug 2014 14:07:53 -0700Barclays Bank to close 11 cash ISAsBarclays Bank is set to close 11 of their cash ISAs (Individual Savings Accounts), meaning 2.3 million customers will be moved onto a simplified product range. The simplification of their ISA range means that 1.6 million savers will be put on a worse interest rate than before, although 740,000 will be put on the same or a better rate. http://www.financialadvice.co.uk/news/bankaccounts/20140807/barclays-bank-to-close-11-cash-isas.htmlThu, 07 Aug 2014 15:32:15 -0700Pension reforms encouraging savingPension reforms introduced by George Osborne in the 2014 Budget speech have already started to have a positive effect, according to a report by pension expert LCP. http://www.financialadvice.co.uk/news/pensions/2014/pension-reforms-encouraging-saving.htmlWed, 06 Aug 2014 14:05:41 -0700HSBC to pay £218m compensation to loan customersHSBC are to repay £218m of interest charges to some of their UK loan customers who received insufficient paperwork. Under the Consumer Credit Act, lenders are required to use a customers annual statement to provide information about the option of making overpayments on a loan.http://www.financialadvice.co.uk/news/bankaccounts/20140805/hsbc-to-pay-218m-compensation-to-loan-customers.htmlTue, 05 Aug 2014 11:26:53 -0700Energy bills are biggest worry to homeownersEnergy bills are the biggest worry to European homeowners, ahead of rent and mortgage repayments, a survey of 17,000 households has revealed. The survey on attitudes to home improvement, which was conducted by DIY retail group Kingfisher, revealed that 31% of European homeowners intended to introduce measures to cut their energy bills. http://www.financialadvice.co.uk/news/householdbills/20140804/energy-bills-are-biggest-worry-to-homeowners.htmlMon, 04 Aug 2014 11:05:15 -0700The cost of moving your broadbandThe Citizens Advice Service has warned that tens of thousands of broadband customers throughout the UK are experiencing unnecessary ‘costly’ charges to change supplier.http://www.financialadvice.co.uk/news/householdbills/20140801-the-cost-of-moving-your-broadband.htmlFri, 01 Aug 2014 14:31:35 -0700Energy firms set to double profit marginsEnergy providers look set to double their profit margins over the next 12 months, according to Ofgem. The regulator said that the ‘big six’ energy providers currently make a pre-tax profit margin of 4% on each ‘dual-fuel’ customer, which is equal to £53 a year. However, over the next 12 months, this is set to double to around 8%, or £106 per year. http://www.financialadvice.co.uk/news/householdbills/20140731/energy-firms-set-to-double-profit-margins.htmlThu, 31 Jul 2014 13:37:20 -0700Fears raised as personal insolvencies jumpsPersonal insolvencies have increased at the quickest rate since 2010, according to government figures. The figures showed that 27,029 people in England and Wales became insolvent between April and June 2014, which is a 5.1% increase on the same period 12 months ago.http://www.financialadvice.co.uk/news/ukeconomy/20140730/fears-raised-as-personal-insolvencies-jumps.htmlWed, 30 Jul 2014 12:21:18 -0700Housing market slowing downThe UK housing market finally appears to be slowing down as seven of the 10 regions in England and Wales recorded a month-on-month fall in house prices, according to the Land Registry. However, despite price reductions in more than half of the regions in England and Wales, the overall average house price remained unchanged from May to June 2014.http://www.financialadvice.co.uk/news/property/20140729/housing-market-slowing-down.htmlWed, 30 Jul 2014 12:18:41 -0700Young fraudsters on the riseThe cost of fraud committed by people aged 26-35 increased by 285% during the first half of 2014, according to a report by accountancy company KPMG. Fraudsters in this age group conned their victims out of £62m in the six months to July 2014, meaning there could be a shift in who the stereotypical con artist is.http://www.financialadvice.co.uk/news/ukeconomy/201400728/young-fraudsters-on-the-rise.htmlMon, 28 Jul 2014 14:15:39 -0700Pension ‘predators’ websites suspendedRegulators have suspended the websites of 18 ‘predators’ who run schemes aimed at getting people to try and gain early access to their pension. A person can only access their pension without having to pay heavy tax fees once they turn 55 years old, with the exception that a person is in serious ill-health. http://www.financialadvice.co.uk/news/pensions/20140725/pension-predators-have-websites-suspended.htmlFri, 25 Jul 2014 15:54:42 -0700Interest rate rise could hit vulnerableA small increase in interest rates could leave over a million households facing debt problems, according to a report by the Resolution Foundation. The Resolution Foundation, who campaign on behalf of those on low and middle incomes in order to improve living standards found that around 600,000 households in the UK are already facing ‘debt peril’. However, this could increase to 1.1 million in the event of a ‘relatively benign’ rise in interest rates.http://www.financialadvice.co.uk/news/ukeconomy/2014/interest-rate-rise-could-hit-one-in-five.htmlThu, 24 Jul 2014 14:50:08 -0700Pension benefits to be cutThe government has proposed plans to reduce the benefit a person receives for delaying their state pension payments. Under current rules, people nearing the state pension age are encouraged to keep on working and delay taking their state pension. As a reward for deferring pension payments, a person can receive an extra 10.4% state pension for each year that payments are deferred.http://www.financialadvice.co.uk/news/pensions/20140723/pension-benefits-to-be-cut.htmlWed, 23 Jul 2014 15:36:33 -0700Student loan system needs ‘urgent review’The student loan system is at its “tipping point” and is in need of an “urgent review”, according to a report from a group of MPs. The report, which was produced by the Business, Innovation and Select Skills Committee, claimed that the situation is so bad that the “continued existence” of the student loans system may be under threat.http://www.financialadvice.co.uk/news/ukeconomy/20140722/student-loan-system-needs-urgent-review.htmlTue, 22 Jul 2014 13:09:35 -0700UK property prices fall for first time in 2014Property prices in the UK have fallen for the first time in 2014, according to a report by online property company Rightmove. The average asking price for a property in the UK fell by £2,116 in June to £270,159, according to the report.http://www.financialadvice.co.uk/news/property/20140721/uk-property-prices-fall-for-first-time-in-2014.htmlMon, 21 Jul 2014 13:29:44 -0700Banks to face competition inquiry The UK banking industry is set to face an inquiry after a study by the Competition and Markets Authority (CMA) found that the current account and SME lending markets “lack effective competition”. At the moment, the largest four banks own more than 77% of the current account market and more than 80% of small business lending.http://www.financialadvice.co.uk/news/bankaccounts/20140718/banks-to-face-competition-inquiry.htmlFri, 18 Jul 2014 10:40:05 -0700Unemployment falls to benchmark lowUnemployment figures in the UK have been given a huge boost as they returned to the benchmark low set in 2005. The number of people without a job fell by 121,000 in the three months to May and they now stand at 2.12 million, according to the Office for National Statistics. http://www.financialadvice.co.uk/news/ukeconomy/201400717/unemployment-falls-to-benchmark-low.htmlThu, 17 Jul 2014 14:56:21 -0700Insurance comparison websites are failing customers Insurance comparison websites are not giving consumers the “appropriate information to make informed decisions”, according to the Financial Conduct Authority (FCA). The FCA reviewed 14 comparison sites and said that some of them were failing to meet regulatory standards. They said that comparison sites focused too much on price, rather than the different features each insurance product included.http://www.financialadvice.co.uk/news/insurance/20140717/insurance-comparison-websites-are-failing-customers.htmlThu, 17 Jul 2014 14:53:21 -0700Payday lenders to have charges cappedPayday lenders are likely to see the amount they can charge their customers capped from January 2015, after the Financial Conduct Authority (FCA) announced tougher plans to regulate the industry. The plans will mean that interest rates on payday loans will be capped at 0.8% a day of the original amount borrowed, whilst no person will be obligated to pay back more than twice the value of their loan.http://www.financialadvice.co.uk/news/householdbills/20140717/payday-lenders-to-have-charges-capped.htmlThu, 17 Jul 2014 14:48:54 -0700UK taxpayers lost £1bn on Royal Mail saleThe privatisation of the Royal Mail could have lost UK taxpayers around £1bn, according to a select committee of MPs. Royal Mail shares were priced at 330p when 60% of the company was floated on the stock market; however these have since peaked at 663p per share, and they now stand at around 473p per share.http://www.financialadvice.co.uk/news/tax/20140714/uk-taxpayers-lost-1bn-pounds-on-royal-mail-sale.htmlMon, 14 Jul 2014 11:19:23 -0700London house prices could fallHouse prices in London could be set to fall over the next three months, according to a poll by the Royal Institution of Chartered Surveyors (Rics). The poll found that London surveyors believed house prices were likely to fall in the coming months, with one cause believed to be the recent introduction of tougher mortgage lending rules for borrowers.http://www.financialadvice.co.uk/news/property/20140711/london-house-prices-could-fall.htmlFri, 11 Jul 2014 10:46:48 -0700Insurers forced to be clearer over premiumsInsurance companies will soon be expected to provide clearer information on renewal quotes, as the Financial Conduct Authority (FCA) prepares to draw up new rules for the industry. The new regulations are likely to include measures to force insurance companies to provide extra details when a customer comes to renew their policy. http://www.financialadvice.co.uk/news/insurance/20140710/insurers-forced-to-be-clear-over-premiums.htmlThu, 10 Jul 2014 12:46:53 -0700House prices continue to riseHouse prices are continuing to increase throughout the country, according to the UK’s largest mortgage lender, the Halifax. When measured on an annual basis, prices had increased by 8.8% in June, in comparison to 8.7% in May, taking the average house price in the UK to £183,462.http://www.financialadvice.co.uk/news/property/20140709/house-prices-continue-to-rise.htmlWed, 09 Jul 2014 12:59:59 -0700Bank warned against ‘hasty’ rate riseThe Bank of England has been warned against increasing interest rates in the short term by the British Chambers of Commerce (BCC). The Bank of England governor, Mark Carney, has recently stated that interest rates could be increased “sooner than markets currently expect”.http://www.financialadvice.co.uk/news/ukeconomy/20140708/bank-warned-against-hasty-rate-riseTue, 08 Jul 2014 10:53:27 -0700Graduate job market recovers to pre-recession levelsThe number of graduate job opportunities has increased by 12% over the last 12 months, according to a report. The figures are particularly significant, as it means the graduate job market has recovered to the same level as before the recession in 2007, when employment opportunities fell by 23.3% up to 2009.http://www.financialadvice.co.uk/news/ukeconomy/20140707/graduate-job-market-recovers-to-pre-recessions-levels.htmlMon, 07 Jul 2014 10:51:21 -0700Workers earn more in their late 30sThe average worker in the UK is most likely to see their earnings peak in their late 30s according to the Office for National Statistics (ONS). A 29 year old worker in the UK had an average wage of £13.93 an hour in 2013, the highest wage of every age range.http://www.financialadvice.co.uk/news/ukeconomy/20140704/workers-earn-more-in-their-late-30s.htmlFri, 04 Jul 2014 15:45:22 -0700House building boosts UK construction industryThe UK construction industry grew at its fastest pace in four months this June as a result of an increase in house building, according to the Markit/CIPS Purchasing Managers Index (PMI). The PMI is a measure that determines how quickly the construction industry is growing or shrinking. A measure above 50 indicates growth and vice versa for a measure below 50.http://www.financialadvice.co.uk/news/property/20140703/house-building-boosts-uk-construction-industry.htmlThu, 03 Jul 2014 10:38:10 -0700London house prices continue to outpace rest of the UKLondon house prices are continuing to overwhelmingly outpace the rest of the UK housing market, as prices for the three months to June increased by 25.8% over the last 12 months. As a result, the average home in London is not only higher than the pre-crisis peak in 2007, but they are also selling for over £400,000 for the first time in history.http://www.financialadvice.co.uk/news/property/20140702/london-house-prices-continue-to-outpace-rest-of-uk.htmlWed, 02 Jul 2014 15:54:22 -0700Changes to the New ISA savings plan take effectThe much anticipated New ISA (Individual Savings Account) savings rules have been introduced today, meaning that UK adults will be able to save up to £15,000 a year in the UK’s most popular tax-exempt savings plan. The changes will give savers more flexibility over how their money is invested, as previous rigid rules have now been relaxed.http://www.financialadvice.co.uk/news/savings/20140701/new-isa-savings-take-effect.htmlTue, 01 Jul 2014 09:57:10 -0700Osborne could merge income tax and national insuranceChancellor George Osborne could announce plans to merge income tax and national insurance (NI) into a single payment if they are re-elected in the next general election. The plan was first suggested by the Office of Tax simplification in March 2011, however, consultation on tax reform has so far been pushed back due to the complexity of integrating the two separate systems.http://www.financialadvice.co.uk/news/tax/20140630/osborne-could-merge-income-tax-and-national-insurance.htmlMon, 30 Jun 2014 10:14:31 -0700Central bankers to announce action on housing marketCentral bankers are expected to announce whether or not they will take any action to cool the UK housing market. House prices have been rising significantly in certain areas of the country, especially in London and its surrounding areas.http://www.financialadvice.co.uk/news/mortgages/20140626/central-bankers-to-announce-action-on-housing-market.htmlThu, 26 Jun 2014 11:13:31 -0700European bank hit by cyber criminalsInternet security company, Kaspersky Lab, has claimed to have found evidence of cyber-criminals stealing over £400,000 from 190 customers of a European bank. The attack is thought to have happened in January 2014, mainly affecting Turkish and Italian banking customers, who are believed to have lost between 1,700 euros and 39,000 euros each.http://www.financialadvice.co.uk/news/bankaccounts/20140625/european-bank-hit-by-cyber-criminals.htmlThu, 26 Jun 2014 11:10:56 -0700Government urged to enforce the living wage The government has been urged by the Living Wage Commission to set a target of drastically cutting the number of workers earning less than the ‘living wage’. They said that the government should aim to cut the number of low paid workers by one million people, as early as 2020.http://www.financialadvice.co.uk/news/ukeconomy/20140624/government-urged-to-enforce-the-living-wage.htmlTue, 24 Jun 2014 13:17:53 -0700Job prospects for untrained youths deteriorating Employment opportunities for young and low-skilled workers are deteriorating “rapidly”, a report has claimed. The report, which was released by Trades Union Congress (TUC), described the employment situation for youths outside of full-time education as “alarming”. http://www.financialadvice.co.uk/news/ukeconomy/20140624/job-pospects-for-untrained-youths-deteriorating.htmlTue, 24 Jun 2014 13:16:00 -0700Universal Credit set to be rolled out to 90 Job Centres Universal Credit is set to be rolled out across 90 jobcentres in the north-west of England, according to work and pensions secretary, Iain Duncan Smith. The government’s flagship welfare policy is currently in place at just 10 job centres in the UK, however, a gradual roll out will now be implemented as early as next week, after being delayed several times.http://www.financialadvice.co.uk/news/ukeconomy/20140624/universal-credit-to-be-rolled-out-to-90-job-centres.htmlTue, 24 Jun 2014 13:12:56 -0700Inflation falls to 1.5%Inflation fell to 1.5% in May 2014 in comparison with 1.8% the previous month; making it the sixth consecutive month where the Consumer Price Index (CPI) was recorded below the Bank of England’s target rate of 2%. The Office for National Statistics (ONS) said that the key drivers of the reduced rate of inflation included falling flight costs as well as a steep reduction in the costs of food and non-alcoholic beverages. http://www.financialadvice.co.uk/news/ukeconomy/20140619/inflation-falls-to-1-point-9-percent.htmlThu, 19 Jun 2014 15:48:30 -0700Savings providers fined for misleading marketingCredit Suisse and the Yorkshire Building Society have been fined by the Financial Conduct Authority (FCA) for the use of “misleading” marketing when promoting an investment product. Credit Suisse was fined £2.4m, whilst Yorkshire Building Society received a smaller fine of £1.5m.http://www.financialadvice.co.uk/news/bankaccounts/20140617/savings-providers-fined-for-misleading-marketing.htmlTue, 17 Jun 2014 10:29:36 -0700Productivity gap leaves Bank of England “Puzzled”The Bank of England has admitted it cannot explain why productivity is 16% less than before the 2007/08 financial crisis. They said in their latest quarterly bulletin that despite “modest” improvements in 2013, productivity in the UK has been exceptionally weak.http://www.financialadvice.co.uk/news/ukeconomy/20140617/productivity-gap-leaves-bank-of-england-puzzled.htmlTue, 17 Jun 2014 10:27:00 -0700Bank hints that interest rates could riseThe governor of the Bank of England, Mark Carney, has suggested that interest rates could increase sooner than originally anticipated. Speaking at the annual Mansion House Dinner he said the increase “could happen sooner than markets currently expect”.http://www.financialadvice.co.uk/news/ukeconomy/20140613/bank-hints-that-interest-rates-could-rise.htmlFri, 13 Jun 2014 15:26:30 -0700Cable: Housing boom must be stoppedMeasures need to be taken to stop a housing boom from “getting out of control” in certain parts of the UK, according to business secretary Vince Cable. Various surveys and reports have revealed that house prices have been rising throughout the country by as much as 8% per year. However, the majority of the country has been outpaced by London, as house prices in the capital have increased by as much as 17% over the last year. http://www.financialadvice.co.uk/news/mortgages/20140612/cable-housing-boom-must-be-stopped.htmlThu, 12 Jun 2014 15:13:21 -0700Payday lenders lack competitionThe Payday loans market lacks competition and is resulting in many customers paying more than they need to, according to the Competition and Markets Authority (CMA). The CMA found that this lack of competition could be resulting in a typical customer’s annual bill increasing by around £30 to £60.http://www.financialadvice.co.uk/news/loans/20140611/payday-lenders-lack-competition.htmlWed, 11 Jun 2014 09:54:14 -0700Basic household bills forcing more people into debtThe number of people falling into debt because they cannot afford basic household bills such as energy, water and council tax has increased significantly in recent years. The Money Advice Trust (MAT) claimed it helped 150,000 people with household debts in 2013 – an increase of 140% since 2007.http://www.financialadvice.co.uk/news/householdbills/20140610/basic-household-bills-forcing-more-people-into-debt.htmlTue, 10 Jun 2014 10:45:04 -0700Children should learn more about finances – say teachersA survey has revealed that nine in 10 school teachers believe the government is not doing enough to teach children about money, despite the introduction of a new scheme aimed at doing this. A recent scheme will mean that as of September 2014, children aged 11 and over will learn in secondary school about money and how to manage their personal finances.http://www.financialadvice.co.uk/news/householdbills/20140606/children-should-learn-more-about-finance-say-teachers.htmlMon, 09 Jun 2014 15:00:58 -0700Shoppers using less cashA survey by the British Retail Consortium (BRC) has revealed that UK consumers are using alternative payment methods more regularly than ever, leading to cash usage for the past five years falling by 14%. http://www.financialadvice.co.uk/news/ukeconomy/201400606/shoppers-using-less-cash.htmlFri, 06 Jun 2014 11:05:12 -0700Brazil currency running low ahead of World CupThe availability of Brazilian currency, The Real, is running low among some major British suppliers, sparking fears for travellers ahead of the Football World Cup which starts in just one week. Major currency supplier, Travelex, has run out of the Brazilian Real at both Manchester and Heathrow airports, whilst the Post Office will not have the currency in its branches until the weekend.http://www.financialadvice.co.uk/news/ukeconomy/201400606/brazil-currency-running-low-ahead-of-world-cup.htmlFri, 06 Jun 2014 11:02:54 -0700Royal Bank of Scotland to curb mortgage lendingThe Royal Bank of Scotland (RBS) has announced that it will be restricting mortgage lending from June 2014. This will mean that mortgage applicants can only lend up to four times their annual income for loans of £500,000 or more. http://www.financialadvice.co.uk/news/mortgages/20140604/royal-bank-of-scotland-to-curb-mortgage-lending.htmlWed, 04 Jun 2014 09:35:51 -0700Mortgage activity starting to coolNationwide Building Society has claimed that the housing market may be starting to cool, despite house prices rising by 11.1% over the last 12 months, the fastest increase in seven years. Whilst house prices have risen considerably over the last year, this looks to have slowed down in recent months as prices increased by just 0.7% in May compared with 1.2% in April 2014.http://www.financialadvice.co.uk/news/mortgages/20140603/mortgage-activity-starting-to-cool.htmlTue, 03 Jun 2014 13:38:32 -0700Mortgage approvals fall againThe number of mortgage approvals has fallen for the third consecutive month, according to the British Bankers’ Association (BBA). Whilst approved loans peaked at more than 48,000 in January, this fell consecutively every month up until April 2014 when there were 42,173 approved mortgages.http://www.financialadvice.co.uk/news/mortgages/20140530/mortgage-approvals-fall-again.htmlFri, 30 May 2014 15:46:10 -0700Extra £1m premium bond prize announcedA second monthly premium bond prize of £1m will be launched by National Savings and Investments (NS&I) this August. The announcement means that two people will win a tax-free lump sum prize of £1m each month, instead of the current single winner.http://www.financialadvice.co.uk/news/ukeconomy/20140529/extra-1-million-pounds-premium-bond-prize-announced.htmlThu, 29 May 2014 09:30:22 -0700London housing market facing “natural correction”The London housing market could slow down as a result of a “natural correction” to inflated house prices. House prices have increased nationwide recently, with this effect being particularly exacerbated in the London area. http://www.financialadvice.co.uk/news/mortgages/20140528/london-housing-market-facing-natural-correction.htmlWed, 28 May 2014 09:35:00 -0700HMRC yield £23.9 billion from tax crackdownThe government collected £23.9 billion in unpaid taxes for the 2013-14 tax year, the highest amount collected since records began. HM Revenue and Customs (HMRC) claimed that they collected the extra money as a result of “increased activity” which is aimed at helping to close the ‘tax-gap’. http://www.financialadvice.co.uk/news/tax/20140527/hmrc-yield-23-point-9-billion-pounds-from-tax-crackdown.htmlTue, 27 May 2014 13:26:48 -0700Plastic £5 notes to be introduced from 2015Plastic £5 bank notes will be in use in Great Britain as early as next year when 2 million bank notes are issued by Clydesdale Bank branches. However, only Scottish bank notes will be introduced in 2015, with the Bank of England expected to introduce plastic notes into general circulation by 2016.http://www.financialadvice.co.uk/news/ukeconomy/201400523/plastic-5-pound-bank-notes-to-be-introduced-by-2015.htmlFri, 23 May 2014 14:53:43 -0700University students getting poor value for moneyA third of students paying increased tuition fees of up to £9,000 a year claim their degree course is either poor or very poor value for money. Additionally, only 36% said that their course represented good value for money, in comparison with 52% in 2012.http://www.financialadvice.co.uk/news/ukeconomy/20140522/university-students-getting-poor-value-for-money.htmlThu, 22 May 2014 12:36:45 -0700Lloyds to limit mortgage lendingLloyds Banking Group has announced it will limit mortgage lending to four times an applicants income for mortgages worth more than £500,000. They said the reason for the cap was a result of “specific inflationary pressures in the London housing market”.http://www.financialadvice.co.uk/news/mortgages/20140521/lloyds-to-limit-mortgage-lending.htmlWed, 21 May 2014 15:19:40 -0700New study reveals “comfort” pension thresholdAn industry report has revealed that those planning their finances for retirement should be aiming to receive an income of at least £15,000 a year. The figures show that 43% of retirees who earn between £15,000 and £20,000 felt financially secure.http://www.financialadvice.co.uk/news/pensions/20140520/new-study-reveals-comfort-pension-threshold.htmlTue, 20 May 2014 09:42:04 -0700Miliband announces Labour plans to increase minimum wageEd Miliband has announced that if Labour were to win the general election they will take “radical action” against low pay by setting a statutory minimum wage target linked with average earnings. http://www.financialadvice.co.uk/news/ukeconomy/20140519/miliband-announces-labour-plans-to-increase-minimum-wage.htmlMon, 19 May 2014 15:50:04 -0700One in five university graduates are asset millionairesOne in five people who have graduated from University have a net wealth of at least £1 million – taking into account property, pensions, savings and physical objects. In stark contrast, the ONS report shows that only 3% of people without a university degree have a net wealth worth of more than £1 million.http://www.financialadvice.co.uk/news/ukeconomy/201400516/one-in-five-graduates-are-asset-millionaires.htmlFri, 16 May 2014 15:58:15 -0700More houses being builtThere has been a drastic increase in the number of houses that have started being built in the UK, new government figures have revealed. In comparison with April 2013, when the ‘Help to Buy’ scheme first started, there has been a 31% increase in the number of new houses that have started the building process.http://www.financialadvice.co.uk/news/property/20140515/more-houses-being-built.htmlThu, 15 May 2014 13:40:26 -0700Record number of mortgage complaints The Financial Ombudsman has received a record number of complaints about mortgages and claimed that a rising number of people are in “debt denial”. The service received 13,659 complaints about mortgages and secured loans in the past 12 months, an increase of 5.63% year-on-year. This is despite home repossessions dropping recently.http://www.financialadvice.co.uk/news/mortgages/20140514/record-number-of-mortgage-complaints-financial-ombudsman.htmlWed, 14 May 2014 12:32:10 -0700Average age of mortgage applicants lowest in four yearsThe average age of people looking to apply for a mortgage fell below 37 years old (36.9) for the first time in almost four years in April 2014. Younger buyers seemed to be unmoved by the effects of the Mortgage Market Review (MMR) which has been designed to tighten mortgage lending regulations.http://www.financialadvice.co.uk/news/mortgages/20140513/average-age-of-mortgage-applicants-lowest-in-four-years.htmlTue, 13 May 2014 15:19:58 -0700MPs Question Proposed Government Tax PowersA group of MPs have criticised government plans to give the tax authority the power to take unpaid taxes directly from peoples bank accounts. The Treasury Committee has expressed its concern that the past performance of the HMRC, as it has a track record of making mistakes.http://www.financialadvice.co.uk/news/tax/20140512/mps-question-proposed-government-tax-powers.htmlMon, 12 May 2014 13:14:33 -0700Government to raid peoples bank accounts for unpaid taxNew rules will allow the government to raid an estimated 17,000 bank accounts to recoup unpaid tax, according to the UK tax authority. If approved by Parliament, the new rules will come into force as early as 2015-16, allowing the government to recover tax debts from anybody who owes more than £1,000. http://www.financialadvice.co.uk/news/tax/government-to-raid-peoples-bank-accounts-for-unpaid-tax.htmlThu, 08 May 2014 09:48:58 -0700Jobseekers told to take zero hour contracts or lose benefitsJobseekers have been told they could face losing their benefits for up to three months if they turn down zero-hour contract jobs.http://www.financialadvice.co.uk/news/ukeconomy/20140805/jobseekers-told-to-take-zero-hour-contracts-or-lose-benefits.htmlThu, 08 May 2014 09:45:56 -0700Bank warns of housing crashThe Bank of England has warned house prices in the UK could soon crash as prices continue to increase. The warning has come amid reports that the UK’s most expensive flat ever has been sold for £140m. http://www.financialadvice.co.uk/news/property/20140506/bank-warns-of-housing-crash.htmlTue, 06 May 2014 13:54:49 -0700UK Mortgage Approvals FallingUK mortgage approvals fell in March for a second consecutive month according to the Bank of England. The figures show that mortgage approvals have fallen by as much as 11.9% over the past two months and are now the lowest since October 2013. This is despite figures from Nationwide Building Society which suggest house price inflation is at its highest for seven years.http://www.financialadvice.co.uk/news/mortgages/20140502/uk-mortgage-approvals-falling.htmlFri, 02 May 2014 11:38:08 -0700Homeowners in north more vulnerable to interest rate rises Homeowners in the North of England are at far more risk to interest rate increases than those in the South of England. A study has shown that homeowners in the north are at more risk because they are more than twice as likely to have a ‘variable-rate mortgage’ than a fixed rate one. This would mean that their mortgage payments will rise if the Bank of England increases interest rates. http://www.financialadvice.co.uk/news/mortgages/homeowners'in-north-more-vunerable-to-interest-rate-rises.htmlThu, 01 May 2014 15:53:30 -0700Stocks and Shares ISAs outperform CashResearch has revealed that investors with a ‘Stocks and Shares ISA’ (Individual Savings Account) have benefitted from much more growth in their savings than those with ‘Cash ISA’ in recent years.http://www.financialadvice.co.uk/news/savings/20140430/stocks-and-shares-isas-outperform-cash.htmlWed, 30 Apr 2014 12:32:55 -0700Strong UK economy growth figures expectedThe latest UK economic figures are expected to show the highest level of growth in almost four years. The figures also mark the fifth consecutive period of economic growth – something that hasn’t been achieved since the start of the financial crisis in 2007. The encouraging figures are expected to show gross domestic product (GDP) grew by 0.9% over the last three months in comparison to 0.7% in the previous three months. This has led to increased optimism about the UK economic recovery.http://www.financialadvice.co.uk/news/ukeconomy/20140429/strong-uk-economy-growth-figures-expected.htmlTue, 29 Apr 2014 10:09:17 -0700Work experience for the long term unemployed The long term unemployed will now have to enter the new ‘Help to Work’ scheme or face reduced benefits. Additionally, those wanting to claim Job Seekers Allowance (JSA) will have to prove they are ready for work before they can apply. Under the scheme participants will have to attend the job centre every day, whilst there will also be work experience placements and intensive coaching offered as part of the scheme.http://www.financialadvice.co.uk/news/ukeconomy/20140429/work-experience-for-the-long-term-unemployed.htmlTue, 29 Apr 2014 10:07:12 -0700Mortgage Market Review rules set to take effectMortgage applicants will have to answer more stringent questions about their lifestyle when new mortgage rules come into effect on Saturday. The new rules will mean that mortgage applicants will have to answer questions about their expenditures as well as their income – this will include everything from energy bills to monthly food costs and even leisure activities such as going to the cinema or eating out.http://www.financialadvice.co.uk/news/mortgages/20140425/mortgage-market-review-rules-set-to-take-effect.htmlFri, 25 Apr 2014 13:14:24 -0700UK and Scottish governments clash on pensions analysisThe UK government has claimed that for an independent Scottish government to meet the cost of pensions, they would have to fund an extra £450 per working age adult every year. The analysis by the Department of Work and Pensions suggested that these increased costs could arise as soon as the early 2030s.http://www.financialadvice.co.uk/news/pensions/20140424/uk-and-scottish-governments-clash-on-pensions-analysis.htmlThu, 24 Apr 2014 11:17:08 -0700Top companies warned over payBusiness Secretary Vince Cable has written to all FTSE 100 companies, warning them to keep up pressure on executive pay bonuses in order to alleviate public anger. He singled out the banking industry in particular as being “ridiculous”, with Barclays one of the main offenders for allocating around £2.5bn in bonus payments earlier this year, despite posting a dip in profits. http://www.financialadvice.co.uk/news/ukeconomy/20140423/top-companies-warned-over-pay.htmlWed, 23 Apr 2014 14:11:13 -0700Pensioners could be given ‘death estimate’In a bid to get pensioners to stretch their savings out long enough to live the rest of their lives, retirees could be given ‘guidance’ on how long they have left to live. The idea is that people will be given a ‘broad-brush’ estimate as to how long they might live, ultimately allowing people to plan their finances more effectively.http://www.financialadvice.co.uk/news/pensions/20140422/pensioners-could-be-given-death-estimate.htmlTue, 22 Apr 2014 15:57:58 -0700More than 600,000 switch bankMore than 600,000 people have switched to a different current account provider in the last 6 months, following the introduction of a new scheme aimed at making switching banks easier. The scheme enforces new rules that guarantee current account holders to be able to switch providers within seven days, as opposed to previously where it could take up to 30 days. http://www.financialadvice.co.uk/news/bankaccounts/20140416/more-than-600000-switch-bank.htmlWed, 16 Apr 2014 13:34:05 -07003.8m families 'a single pay check from losing their home'Almost 4 million families only have enough savings to pay a single month of mortgage repayments or rent, meaning they would be likely to lose their home if they found themselves out of work. Homeless charity Shelter surveyed 7,500 people and found that many people were living with the prospect of losing their home if they found themselves out of work.http://www.financialadvice.co.uk/news/insurance/20140415/3-point-eight-million-families-a-single-pay-check-away-from-losing-their-homes.htmlTue, 15 Apr 2014 09:39:22 -0700Wages to increase faster than inflationWages could begin growing faster than inflation as early as this month, according to economic forecaster EY ITEM Club. They predicted that average earnings would increase by 1.7% this year, overtaking average inflation forecasts of 1.6% for 2014.http://www.financialadvice.co.uk/news/ukeconomy/20140415/wages-to-increase-faster-than-inflation.htmlTue, 15 Apr 2014 08:00:03 -0700Co-op announces losses of £1.3bnThe Co-op bank has apologised to its 4.7 million customers after announcing annual losses of £1.3bn for 2013. Although large losses were expected, the announcement has raised fresh concerns over the future of the bank as it does not expect to make a profit in 2014 or 2015.http://www.financialadvice.co.uk/news/bankaccounts/20140411/co-op-announces-losses-of-1-point-3bn.htmlFri, 11 Apr 2014 13:35:44 -0700One in seven to retire without a pensionOne in seven people in the UK who are planning to retire this year do not have any kind of personal pension, meaning they will be heavily dependant on the State Pension. The figures were uncovered by the Prudential in their annual ‘Class of’ study, which examines the future plans of people who are planning to retire this year.http://www.financialadvice.co.uk/news/pensions/20140409/one-in-seven-to-retire-without-a-pension.htmlWed, 09 Apr 2014 12:32:17 -0700Level of energy complaints tripleThe number of complaints to energy companies has tripled in the last year according to the Ombudsman, whilst the biggest concern was billing. There were 10,638 complaints in the first quarter of 2014, three times as many as during the same period last year. http://www.financialadvice.co.uk/news/householdbills/20140408/level-of-energy-complaints-triple.htmlTue, 08 Apr 2014 10:57:54 -0700RBS to close 44 branchesThe Royal bank of Scotland is set to close 44 UK branches, with 14 of those being classed as the “last banks in town.” The closures have been announced despite the bank making a pledge in 2010 not to close its branches.http://www.financialadvice.co.uk/news/bankaccounts/20140304/rbs-to-close-44-branches.htmlFri, 04 Apr 2014 13:42:13 -0700New service allows payments via mobile numberAccount holders will now be able to pay both friends and traders using only their mobile phone numbers from 29th April, it has been announced. The Payments Council has confirmed that consumers will no longer need to exchange bank details, so long as both parties have registered for the free service.http://www.financialadvice.co.uk/news/bankaccounts/20140403/new-service-allows-payments-via-mobile-numberWed, 02 Apr 2014 15:38:08 -0700London house price gap largest since records beganLondon house prices are now twice as much as outside the capital. It will now cost an extra £183,000 on average to purchase a home inside London compared to the rest of the UK. Whilst there’s always been a premium paid on house prices in the capital, the gap is now at its largest since detailed records began in 1978. http://www.financialadvice.co.uk/news/property/20140402/london-house-price-gap-largest-since-records-began.htmlWed, 02 Apr 2014 10:27:44 -0700FCA warns they will “take out” payday lendersThe Financial Conduct Authority (FCA) is to take over regulation of credit providers for debt management firms, credit cards, hire purchase, debt management firms and debt advisers. Until now the Office of Fair trading was the regulatory body for these industries. However the FCA has tougher powers such as unlimited fines, ordering refunds and banning misleading advertisements.http://www.financialadvice.co.uk/news/loans/20140401/fca-warns-they-will-take-out-lenders.htmlTue, 01 Apr 2014 09:50:53 -0700Santander fined for financial advice failingsThe Financial Conduct Authority has fined Santander £12,377,800 after the bank was found to be failing to offer adequate financial advice to its customers. The FCA reported a concern over Santander’s approach to considering investors’ risk appetites. http://www.financialadvice.co.uk/news/bankaccounts/20140331/santander-fined-for-financial-advice-failings.htmlMon, 31 Mar 2014 10:12:21 -0700FCA to investigate 30 million financial policiesThe Financial Conduct Authority (FCA) is set to investigate around 30 million financial policies, all of which penalise customers for switching providers. The investigation will proceed on the basis that there are concerns over customers being subjected to “unfair” conditions. http://www.financialadvice.co.uk/news/investments/20140328/fca-to-investigate-30-million-financial-policies.htmlFri, 28 Mar 2014 11:48:28 -0700First stage of pension overhaul beginsThe first stage of the pension overhaul which was announced by Chancellor George Osborne in his Budget 2014 speech has begun. Pensioners will now have greater access to their pension pots, as they will be able to take up to a maximum of £30,000 from their pension as a lump sum, up from £18,000.http://www.financialadvice.co.uk/news/pensions/20140327/first-stage-of-pension-overhaul-begins.htmlThu, 27 Mar 2014 13:37:33 -0700Lloyds Bank under fire over PPI legal loopholeA financial loophole allegedly used by Lloyds Banking Group, has allowed tens of millions of pounds to be short-changed from PPI claimants. A recent investigation revealed a little-known regulatory provision known as ‘alternative redress’ has been adopted by the bank, assuming those affected by PPI would have bought a cheaper policy instead.http://www.financialadvice.co.uk/news/insurance/20140327/lloyds-bank-under-fire-over-legal-loophole.htmlThu, 27 Mar 2014 10:07:08 -0700SSE freezes energy prices until 2016Energy supplier SSE has announced plans to freeze gas and electricity prices until 2016. The move which holds similarities to the Labour energy policy, which promises to freeze energy prices for 20 months if they are elected, is likely to lower profits according to the company.http://www.financialadvice.co.uk/news/householdbills/20140326/sse-freezes-energy-prices-until-2016.htmlWed, 26 Mar 2014 10:22:50 -0700Inflation drops to 1.7%The UK’s inflation rate fell to 1.7% in February, down from 1.9% the previous month. The rate of inflation in the UK, which is measured by the Consumer Prices Index (CPI), fell below the Banks of England’s 2% target for the second consecutive monthhttp://www.financialadvice.co.uk/news/ukeconomy/20140325/inflation-drops-to-1-point-7-percent.htmlTue, 25 Mar 2014 11:19:16 -0700Jobless household numbers fallingThe number of households in the UK with no working adults between the ages of 16 and 64 continued to fall throughout 2013. According to the Office for National Statistics (ONS), there were 3.4 million jobless households recorded in the last three months of 2013, representing 16.6% of all UK households with an adult of working age.http://www.financialadvice.co.uk/news/ukeconomy/20140324/jobless-household-numbers-falling.htmlMon, 24 Mar 2014 15:46:31 -0700Help to buy scheme extended for new homes until 2020House builders have been handed a boost by the government today as the chancellor announced that the first stage of the help to buy scheme will be extended until 2020, allowing a further 120,000 houses to be built.http://www.financialadvice.co.uk/news/property/20140317/help-to-buy-scheme-extended-for-new-homes-until-2020.htmlMon, 17 Mar 2014 15:12:09 -0700Minimum wage to increase above the rate of inflationThe government has announced that the national minimum wage will increase by 3% to £6.50 an hour. It is the first time that the national minimum wage has increased at a higher rate than inflation in six years, and it expected that it will directly benefit one million workers in the UK.http://www.financialadvice.co.uk/news/ukeconomy/20140314/minimum-wage-to-increase-above-rate-of-inflation.htmlFri, 14 Mar 2014 16:27:10 -0700Housing market dying downThe rapid growth in demand within the housing market is dying down according to the Royal Institution of Chartered Surveyors (RICS).http://www.financialadvice.co.uk/news/property/20140313/housing-market-dying-down.htmlThu, 13 Mar 2014 15:44:40 -0700Public sector pay outstrips private sectorThose working in the public sector are earning an average of 14.5% more than those in the private sector according to the Office for National Statistics (ONS). The average earnings for a public sector employee stood at £16.28 per hour in 2013, compared to an average of £14.16 for private sector workers.http://www.financialadvice.co.uk/news/ukeconomy/20140312/public-sector-pay-outstrips-private-sector-due-to-higher-skilled-staff.htmlWed, 12 Mar 2014 14:30:04 -0700Childcare costs more than the average mortgageAccording to The Family and Childcare Trust’s annual report, many parents are now paying more for childcare annually, than for the average mortgage bill.http://www.financialadvice.co.uk/news/householdbills/childcare-costs-more-than-te-average-mortgage.htmlWed, 05 Mar 2014 16:01:32 -0800Bank of England staff member suspended in rigging probeFollowing an investigation, a staff member has been suspended by the Bank of England for potentially rigging the foreign currency exchange market. Traders are alleged to have been involved in setting key exchange rates in the £3bn-a-day foreign exchange market.http://www.financialadvice.co.uk/news/bankaccounts/20140305/bank-of-england-staff-member-suspended-in-rigging-probe.htmlWed, 05 Mar 2014 13:54:56 -0800House Prices Close in on 2007 PeakThe Nationwide has today reported that house prices are now getting close to the peak of 2007, after the average property price jumped 6pc in the last monthhttp://www.financialadvice.co.uk/news/mortgages/20130228/house-prices-close-in-on-2007-peakFri, 28 Feb 2014 16:18:57 -0800Royal Mail to increase price of stampsRoyal Mail have as announced they will be increasing the price of both first and second-class stamps as of March the 31st. The price of a first-class stamp is set to increase by 2p to 62p, while a second-class stamp will increase by 3p to 53p. Additionally, large letter stamps up to 100g will also be increasing, as the first-class variation will rise by 3p to 93p, whilst second-class large letter stamps are set to increase by 4p to 73p.http://www.financialadvice.co.uk/news/householdbills/20140228/royal-mail-to-increase-price-of-stamps.htmlFri, 28 Feb 2014 16:12:25 -0800People seeking help with payday loans up 82pcDebt charity, StepChange, has said the that the number of people seeking help with payday loans has soared by 82pc in the last yearhttp://www.financialadvice.co.uk/news/loans/20130227-people-seeking-help-with-payday-loans-up-82pc.htmlThu, 27 Feb 2014 16:23:18 -0800Private renting outstrips council and housing associationsThe number of privately rented homes in England now stands at 4 million for 2012-13, in comparison to the 3.7 million homes that are rented by councils and housing associations, according to a survey published by the Department for Work and Pensions (DWP). Additionally, the number of owner-occupied homes fell to 14.3 million (65.2% of all homes in England), which is the lowest percentage of home ownership since 1988.http://www.financialadvice.co.uk/news/property/20140227/private-renting-outstrips-council-and-housing-associations.htmlThu, 27 Feb 2014 13:52:21 -0800Property market will continue growing, according to BBAThe British Bankers’ Association (BBA) has said that it expects the UK property market to continue growing strongly, as mortgage lending continues to increase.http://www.financialadvice.co.uk/news/mortgages/20130226/property-market-will-continue-growing-according-to-bba.htmlWed, 26 Feb 2014 15:27:17 -0800British Gas chairman “scaremongering” over energy pricesThe Chairman of Centrica, the company that owns British Gas is “scaremongering” over plans to introduce a price freeze on the cost of energy according to Caroline Flint, shadow energy secretary.http://www.financialadvice.co.uk/news/householdbills/20140224/british-gas-chairman-scaremongering-over-energy-price-freeze.htmlMon, 24 Feb 2014 15:06:06 -0800British Gas reports drop in profitsBritish Gas have reported a small drop in profits from their residential business in 2013, citing factors such as warmer weather and increasing wholesale costs.http://www.financialadvice.co.uk/news/householdbills/20140220/british-gas-reports-drop-in-profits.htmlMon, 24 Feb 2014 12:03:11 -0800UK finances show reduced January surplus of £4.7bnUK financial figures have shown that the January surplus for 2014 has decreased by around £1.3bn in comparison to the same period in 2013, as income from taxes and company profits fell.http://www.financialadvice.co.uk/news/householdbills/20140221/uk-government-finance-shows-reduced-january-surplus-of-4-point-seven-billion-pounds.htmlFri, 21 Feb 2014 16:03:09 -0800UK inflation falls to 1.9% in JanuaryThe UK’s inflation rate, as measured by consumer prices index (CPI) fell below the Bank of England’s target for the first time in over four years in January. The reduced inflation rate is largely due to a fall in costs of recreational and cultural activities such as DVD prices and lower entrance fees to local attractions. Additionally, reductions in the costs of other items such as alcohol, tobacco and household goods helped to reduce the rate of inflation.http://www.financialadvice.co.uk/news/ukeconomy/20140219/uk-inflations-falls-to-1-point-9-percent-in-january.htmlWed, 19 Feb 2014 14:55:11 -0800Yorkshire Building Society to refund £8.4 millionThe Yorkshire Building Society will refund a total of £8.4 million to nearly 34,000 of its customers after an investigation by the Financial Conduct Authority (FCA) ruled that the building societies procedures were not thorough enough, as thousands of customers were wrongly charged for missing their mortgage repayments.http://www.financialadvice.co.uk/news/bankaccounts/20140218/yorkshire-building-society-to-refund-8-point-5-million-pounds.htmlTue, 18 Feb 2014 10:57:52 -0800Lloyds Bank Chief Executive defends £1.7m bonusLloyds Bank chief executive Antonio Horta-Osorio has defended his £1.7 million bonus, claiming that it is aligned with taxpayers’ interests.Lloyds Bank chief executive Antonio Horta-Osorio has defended his £1.7 million bonus, claiming that it is aligned with taxpayers’ interests. The bank has increased its overall staff bonuses for 2013 to £395 million, up from £365 million the previous year. Mr Horta-Osario claimed the reason behind this, was due to increased performance, which seen the bank report it’s first pre-tax profit since the £20.5 billion government bail out, which was funded with tax-payers money. http://www.financialadvice.co.uk/news/bankaccounts/20140214/lloyds-bank-chief-executive-defends-1-point-seven-million-pounds-bonus.htmlFri, 14 Feb 2014 14:11:07 -0800Average wage needs to double to keep up with house pricesThe average income in England would need to increase by more than double in order for the average earner to be able to afford their first home, according to research from the charity ‘Shelter’. The research shows that wages have increased by around 50% since 1997, however, this pales in comparison to house prices which have increased by more than 200%. http://www.financialadvice.co.uk/news/property/20140213/average-wage-needs-to-double-to-keep-up-with-house-prices.htmlThu, 13 Feb 2014 16:07:12 -0800British Gas Profits Questioned by Energy MinisterProfits posted by British Gas have been questioned by the energy minister, Ed Davey, who has further suggested the company may have to be broken up if proof of a monopoly is found.http://www.financialadvice.co.uk/news/householdbills/20140211/british-gas-profits-questioned-by-energy-minister.htmlTue, 11 Feb 2014 15:40:41 -0800British Gas Profits Questioned by Energy MinisterProfits posted by British Gas have been questioned by the energy minister, Ed Davey, who has further suggested the company may have to be broken up if proof of a monopoly is found.http://www.financialadvice.co.uk/news/householdbills/20140211/british-gas-profits-questioned-by-energy-minister.htmlTue, 11 Feb 2014 15:40:37 -0800Insolvencies in England and Wales at eight year lowThe number of individual insolvencies in England and Wales fell to an eight year low in 2013, according to official government figures. There were a total of 101,049 individual insolvencies in 2013, an 8% decrease in comparison to 2012 and the lowest figures since 2005. Furthermore, there were 14,982 companies that went into liquidation in 2013, representing a year-on-year decrease of 7.3%, whilst the figures are the lowest since 2007. http://www.financialadvice.co.uk/news/ukeconomy/20140207/insolvencies-in-england-and-wales-at-eight-year-low.htmlFri, 07 Feb 2014 15:59:00 -0800Annual Housing Transactions Reach One MillionA report from Halifax has suggested that the housing market is continuing to exhibit an upward trend, as transactions in 2013 reached one million for the first time since the financial crisis in 2007.http://www.financialadvice.co.uk/news/property/20140206/annual-housing-transactions-reach-one-million-for-first-time-since-2007.htmlThu, 06 Feb 2014 14:21:43 -0800Prospective young homeowners becoming more optimisticProspective young homeowners are becoming more determined to get onto the property ladder according to figures released in the Post Office’s annual House Buying Habit Report, which claimed that 36% of 18-34 year olds are hoping to buy a house in the immediate future.http://www.financialadvice.co.uk/news/ukeconomy/20140205/prospective-young-homeowners-becoming-more-optimistic.htmlWed, 05 Feb 2014 16:34:00 -0800Banks fading from high street and cutting financial advisersBanks are beginning to fade from the high-street as some of the biggest financial institutions are cutting branches and staff. Financial institutions cutting their high-street services include Lloyds banking Group who will be cutting managers, as well as back office and operations staff, whilst Barclays recently confirmed that they will be closing some high-street branches over the next few years.http://www.financialadvice.co.uk/news/bankaccounts/20140104/banks-fading-from-high-street-and-cutting-financial-advisers.htmlTue, 04 Feb 2014 16:43:44 -0800Latest report shows consistent wage dropsThe trend of real wages dropping since 2010 is now the longest period of falls since 1964, according to the latest report from the Office for National Statistics (ONS).http://www.financialadvice.co.uk/news/ukeconomy/20140131/latest-report-shows-consistent-wage-drops.htmlFri, 31 Jan 2014 16:11:04 -0800House price inflation rises to 8.8%House prices rose for the 13th consecutive month in January as annual inflation jumped to 8.8pc, according to the Nationwide building society.http://www.financialadvice.co.uk/news/property/20140131/house-price-inflation-rises-to-8.8pc.htmlFri, 31 Jan 2014 14:43:49 -0800Coalition claims rise in UK real term wagesToday the coalition government have claimed that the majority of British workers outside of the top 10% of earners have seen their take-home pay rise in real terms.http://www.financialadvice.co.uk/news/ukeconomy/20140124/coalition-claims-rise-in-uk-real-term-wages.htmlFri, 24 Jan 2014 16:11:31 -0800Rise In Interest Rates “Still Some Way Off”A senior figure from the Bank of England has stated that the bank is in no hurry to raise interest rates, despite unemployment falling to 7.1%. The bank of England did state that it would consider increasing interest rates from it’s current historic low of 0.5% when unemployment fell to 7%, however, this wasn’t predicted until 2016, so the bank are in no rush to tighten policies.http://www.financialadvice.co.uk/news/ukeconomy/20140123/rise-in-interest-rates-still-some-way-off.htmlThu, 23 Jan 2014 13:54:17 -0800“Staggeringly Strong” figures show UK Unemployment fallThe latest figures from the Office for National Statistics show unemployment drop to 7.1%, in what BNP Paribas, Chief UK economist David Tinsley has described as “staggeringly strong.” http://www.financialadvice.co.uk/news/ukeconomy/20140122/staggeringly-strong-figures-show-uk-unemployment-fall-to-seven-point-one-percent.htmlWed, 22 Jan 2014 15:13:01 -0800Record numbers switching electricity providersA record number of electricity customers changed their supplier in November, according figures measured by ElectraLink. ElectraLink, which measures data for the industry has released figures showing that more than 615,000 people switched electricity suppliers in November. The highest number since records began. http://www.financialadvice.co.uk/news/householdbills/20140121/record-numbers-switching-electricity-providers.htmlTue, 21 Jan 2014 14:41:25 -0800Number of homes for sale drops to seven year lowThe number of properties on the market in the UK has dropped to the lowest level since the recession ended, as prices continue to rise. http://www.financialadvice.co.uk/news/property/20140120-available-homes-for-sale-in-uk-drops-to-post-recession-low.htmlMon, 20 Jan 2014 15:53:18 -0800Shoppers urged to spend or deposit their old-style £50 notesShoppers in the possession of old-style £50 notes featuring the image of Sir John Houblon have been warned that some retailers and banks could decline to accept the notes as of May 2014. http://www.financialadvice.co.uk/news/ukeconomy/20140117/shoppers-urged-to-spend-or-deposit-their-old-style-£50-notes.htmlFri, 17 Jan 2014 13:52:40 -0800Mortgages top 2014 financial wish listAlmost 40% of people say that their main financial aim within the next year is to get a mortgage, shows data collected from our online pollhttp://www.financialadvice.co.uk/news/mortgages/20130116/mortgages-top-2014-wish-list.htmlThu, 16 Jan 2014 14:36:02 -0800UK Inflation falls to 2pcInflation fell to 2pc in the UK for the first time since November 2009, as food price rises slowed to the slowest rate since 2006.http://www.financialadvice.co.uk/news/ukeconomy/20140114/uk-inflation-falls-to-2pc.htmlWed, 15 Jan 2014 15:57:47 -0800Childcare costs rose by 19% last year, says parenting websiteThe cost of having your child cared for while you work rose by 19% year-on-year to December 2013, according to parenting website, findababysitter.com. http://www.financialadvice.co.uk/news/householdbills/20140113/childcare-costs-rose-by-19pc-last-year-according-to-parenting-website.htmlMon, 13 Jan 2014 14:35:18 -0800Good news for borrowers, as loan rate falls to 4.6%Sainsbury’s has cut the borrowing rate on personal loans of between £7,500 and £15,000 to 4.6%.http://www.financialadvice.co.uk/news/loans/20140110/good-news-for-borrowers-as-loan-rate-falls-to-4.6pc.htmlMon, 13 Jan 2014 14:30:21 -0800Npower cuts bills by 2.6%Npower has become the last of the major energy suppliers to announce price cuts following the governments changes to green levies on bills.http://www.financialadvice.co.uk/news/householdbills/20140108/npower-cuts-bills-by-2-point-6-percent.htmlWed, 08 Jan 2014 15:02:35 -0800UK car market records best year since financial crisisBritain’s new car market recorded its best year for sales in 2013 since before the 2007 financial crisis. British consumers bought more than 2.26 million vehicles in the past 12 months, representing a rise on 10.5pc on the previous 12 months, consolidating Britain’s position as Europe’s second largest car market, behind Germany.http://www.financialadvice.co.uk/news/ukeconomy/20140107/uk-car-market-records-best-year-since-financial-crisis.htmlTue, 07 Jan 2014 15:45:30 -0800Business Confidence hits 20 year highA report from Lloyds bank has claimed that confidence from UK businesses in the wider economy and export prospects has hit a 20 year high across all regions and sectors in the UK.http://www.financialadvice.co.uk/news/ukeconomy/20140106/business-confidence-hits-20-year-high.htmlMon, 06 Jan 2014 13:37:26 -0800House prices up by 8.4% in 2013The UK housing market continued its recovery throughout 2013, with prices rising by an average of 8.4%, according to the Nationwide Building Society.http://www.financialadvice.co.uk/news/ukeconomy/20140102/house-prices-up-by-8.4pc-in-2013.htmlFri, 03 Jan 2014 16:52:59 -0800New Year rent and mortgage crisis for millionsOne in 11 people are living in fear that they will not be able to meet their household bills such as rent and mortgage payments in January following the costly Christmas period, according to charity Shelter.http://www.financialadvice.co.uk/news/householdbills/20140103/new-year-rent-and-mortgage-crisis-for-millions.htmlFri, 03 Jan 2014 14:38:04 -0800Lloyds Bank announces Help to Buy mortgage productLloyds bank has today announced that it is to become the latest mortgage provider to offer a product that allows prospective home owners to take advantage of the government led Help to Buy initiative. The banking group will therefore be allowing homebuyers the opportunity to apply for a mortgage with a 5% deposit as of Friday 3 January.http://www.financialadvice.co.uk/news/bankaccounts/20140102/llyods-bank-announces-help-to-buy-mortgage-product.htmlThu, 02 Jan 2014 15:22:01 -0800UK debt crisis could affect millionsThe number of people using more than half of their disposable income on debt repayments could almost double from 600,000 to 1.1 million by 2018 if interest rates rise to 3% according to the Resolution Foundation. http://www.financialadvice.co.uk/news/ukeconomy/20131230/uk-debt-crisis-could-effect-millions.htmlMon, 30 Dec 2013 11:22:23 -0800UK home sales up 24%The number of UK homes being sold has risen by 24% over the last year, with sales in November reaching the highest levels since December 2009. HM Revenue and Customs figures shown that 96,979 flats or houses were sold in November, with these figures being further complimented by figures from the British Bankers Association (BBA) that claimed new mortgage approvals rose by 39% over the year. http://www.financialadvice.co.uk/news/property/20131224/uk-home-sales-up-24-percent.htmlTue, 24 Dec 2013 12:19:32 -0800Child Trust Fund holders to be able to switch to Junior ISAThe government has announced plans to allow savings invested into a Child Trust Fund to be transferred to the newer child savings account, the Junior ISA following a public consultation. The move could potentially benefit over 6 million children with savings deposited in a Child Trust Fund.http://www.financialadvice.co.uk/news/savings/20131223/child-trust-fund-holders-to-be-able-to-switch-to-junior-isa.htmlMon, 23 Dec 2013 15:53:53 -0800Rent costs rising twice as fast as wagesThe average cost of renting a home in the UK is rising twice as fast as wages, as demand for properties outstrips supply in ever more competitive market. http://www.financialadvice.co.uk/news/householdbills/rent-costs-rising-twice-as-fast-as-wages.htmlFri, 20 Dec 2013 14:16:14 -0800Mortgage lending below boom level, according to CMLThe Council of Mortgage Lenders (CML) has said that mortgage lending was higher than expected in 2013, but is not yet at the level witnessed in the housing boom.http://www.financialadvice.co.uk/news/mortgages/20131219-mortgage-lending-below-boom-level-according-to-cml.htmlThu, 19 Dec 2013 15:29:06 -08002014 could put many homes out of reach for buyersIt is expected during 2014 that house prices could increase by 8%, which would push the average house price above £250,000.http://www.financialadvice.co.uk/news/mortgages/20131216/2014-could-put-many-homes-out-of-reach-for-buyers.htmlMon, 16 Dec 2013 11:09:53 -0800October lending to First Time Buyers was up by almost 50%An annual report recently published by the Council of Mortgage Lenders (CML) showed that first time buyers returned to the housing market substantially during the month of October, with the value of loans rising by nearly 50% on 2012 figures.http://www.financialadvice.co.uk/news/mortgages/20131213/october-lending-to-first-time-buyers-up-by-half.htmlFri, 13 Dec 2013 12:16:56 -0800Rent arrears ‘more than double’ since 2007Figures from the debt charity, Money Advice Trust (MAT), have revealed that the number of people falling behind on rent payments has more than doubled in the last six years. http://www.financialadvice.co.uk/news/mortgages/20131212/rent-arrears-more-than-double-since-2007.htmlThu, 12 Dec 2013 16:26:08 -0800Household bills and housing costs top family expenditure listThe rises in the cost of household energy mean that families are now spending more on gas, electricity and home expenses than anything else, for the first time in history. http://www.financialadvice.co.uk/news/householdbills/20131211/energy-bills-and-other-housing-costs-top-family-expenditure-list.htmlThu, 12 Dec 2013 16:19:34 -0800Pension providers criticised for confusing retireesSome insurance and pension providers have been criticised by the Financial Services Consumer Panel (FSCP) for confusing consumers and charging over the top commissions on annuities when they retire.http://www.financialadvice.co.uk/news/pensions/20131210/pension-providers-criticised-for-confusing-retirees.htmlTue, 10 Dec 2013 15:34:38 -0800Job Vacancy growth at 15-year highThe rate in which job vacancies are growing has hit the fastest levels in 15 years according to the job vacancies index, which uses data from 400 recruitment firms, whilst the report also shown that salaries for permanent staff were also rising at the highest level of six years.http://www.financialadvice.co.uk/news/ukeconomy/20131209/job-vacancy-growth-at-15-year-high.htmlMon, 09 Dec 2013 16:33:14 -0800Autumn Statement 2013George Osborne has been releasing his Autumn statement for 2013 today, making some key statements which claim the austerity agenda is working. In fact, Osborne has claimed that the UK’s economy is growing at a faster rate than any other country from the G7, and further claimed that Britain will be back in the black by 2018/19. However, Labour claimed that the conservative party were in denial about the cost of living crisis, stating that “for most people, there is no recovery at all.”http://www.financialadvice.co.uk/news/ukeconomy/20131017/autumn-statement-2013.htmlThu, 05 Dec 2013 16:51:41 -0800Better savings rates wanted over Help to BuyMore potential home buyers have said that they would rather have been offered better savings rates to help them save to buy a home than the cheaper credit that has been made available from mortgage lenders http://www.financialadvice.co.uk/news/savings/20131204/better-savings-rates-wanted-over-help-to-buy.htmlWed, 04 Dec 2013 14:16:17 -0800Stocks and Shares or cash? The Junior ISA two years on. If you’re looking to save for your child’s future, then you may be wondering what the best way to do so ishttp://www.financialadvice.co.uk/news/savings/20131203/stocks-and-shares-or-cash-the-junior-isa-two-years-on.htmlWed, 04 Dec 2013 14:13:41 -0800Savers withdraw over £23 billion from savings accountsThe Bank of England has revealed that £23 billion has been withdrawn from long-term savings accounts over the last 12 months, in what is the biggest drop in savings for almost 40 years.http://www.financialadvice.co.uk/news/savings/20131203/savers-withdraw-over-23-billion-from-savings-accounts.htmlTue, 03 Dec 2013 16:36:18 -0800Household fuel bills to be cut following green levyThe ‘big six’ energy firms have all announced that they will be using a Government-led initiative to cut the cost of household fuel priceshttp://www.financialadvice.co.uk/news/householdbills/20131202/household-fuel-bills-to-be-cut-following-green-levy.htmlMon, 02 Dec 2013 14:13:59 -0800House prices up again, to highest post-recession levelThe Nationwide has revealed that house prices in the UK have risen again, and are now at the highest rate since April 2008.http://www.financialadvice.co.uk/news/mortgages/20131129/house-prices-up-again-to-highest-post-recession-level.htmlMon, 02 Dec 2013 10:33:59 -0800Npower to cut 1,400 UK jobsEnergy giant Npower which employs 9,600 workers in the UK is to cut 1,400 UK jobs, with a number of these being outsourced to India. The cuts are expected to be in relation to site closures at Peterlee in Durham, Thornaby in North Yorkshire, and Stoke-on-Trent in Staffordshire, however it’s expected that Npower will confirm exact details later on.http://www.financialadvice.co.uk/news/ukeconomy/20131128/npower-to-cut-1400-uk-jobs.htmlThu, 28 Nov 2013 13:31:39 -080018% of Britons are struggling with debtA new report has revealed that just short of nine million people in the UK consider themselves to have a serious financial problem related to debt. http://www.financialadvice.co.uk/news/ukeconomy/20131128/18-of-britons-are-struggling-with-debt.htmlThu, 28 Nov 2013 09:12:20 -0800Energy companies see profits rise furtherThe big six energy companies saw their profit margins increase by 4.3% in 2012, which does not include the effects that could be felt from the recent rise in energy prices. http://www.financialadvice.co.uk/news/householdbills/20131126/energy-companies-see-profits-rise-further.htmlTue, 26 Nov 2013 13:36:23 -0800Motorists experience further falls in fuel costsIt has been confirmed that the average price of petrol and diesel has been reduced again, signalling the lowest average for more than two and a half years, the AA has revealed.http://www.financialadvice.co.uk/news/householdbills/20131122/motorists-experience-further-falls-in-fuel-costs.htmlFri, 22 Nov 2013 16:54:34 -0800Billing errors make energy companies ‘£650m a year’It has been revealed in an independent survey that energy companies are making at least £650m a year due to errors in the billing processhttp://www.financialadvice.co.uk/news/householdbills/20131121/billing-errors-make-energy-companies-650m-a-year.htmlThu, 21 Nov 2013 16:02:57 -0800Four building societies offer new 5pc mortgages Four UK building societies have launched 5pc mortgage deals to consumers, beating rates offered by the Governments Funding for Lending scheme. http://www.financialadvice.co.uk/news/mortgages/20131120/5pc-mortgages-are-back-as-four-building-societies-make-them-available.htmlWed, 20 Nov 2013 13:46:45 -0800Npower sells 770,000 customer supply accountsNpower has sold 770,000 of its gas and electricity customer accounts to Telecom Plus to help turn the ‘big six’ into the ‘big seven’, in a move that could increase competition in the energy market.http://www.financialadvice.co.uk/news/householdbills/20131120/npower-sells-777000-customer-supply-accounts.htmlWed, 20 Nov 2013 13:42:57 -0800Supermarkets continuing to mislead customersSupermarkets have been found to be continuing to mislead customers with multi-buy offers and discounts, despite the Office of Fair Trading (OFT) previously raising concerns about such issues. http://www.financialadvice.co.uk/news/householdbills/20131119/supermarkets-continuing-to-mislead-customers.htmlTue, 19 Nov 2013 15:56:31 -0800Late rental payments at five year lowThe number of people who have fallen behind on their rent is now at a five year low, making this the healthiest month since this particular data was first recorded in November 2008. http://www.financialadvice.co.uk/news/property/20131115/late-rental-payments-at-five-year-low.htmlFri, 15 Nov 2013 09:43:16 -0800Blockbuster goes into administration Another well known high street provider has announced today that it is set to shut 72 out of its 264 stores throughout the UK, and cut 452 jobs after confirming earlier in the week it was going into administration. The troubled DVD rental chain Blockbuster is one of the many high street stores that have come under pressure from its online competitors and supermarkets.http://www.financialadvice.co.uk/news/ukeconomy/20131114/blockbuster-goes-into-administration.htmlThu, 14 Nov 2013 14:21:11 -0800EDF Energy increase prices by 3.9%EDF Energy have officially announced that they are the latest major energy supplier to increase their gas and electricity prices, with a price increase of 3.9% expected to be implemented, meaning their new average standard variable will be priced at around £1,300. http://www.financialadvice.co.uk/news/householdbills/edf-energy-increase-prices-by-3point9pc.htmlTue, 12 Nov 2013 14:37:25 -0800Ofwat rejects Thames Water bill riseWater industry regulator, Ofwat, has rejected a planned increase in the in water prices by Thames Water, stating that it is ‘not convinced an extra bill increase is justified’.http://www.financialadvice.co.uk/news/householdbills/20131110/ofwat-rejects-thames-water-bill-rise.htmlTue, 12 Nov 2013 11:07:25 -0800Household bills account for a quarter of spendingA report from PricewaterhouseCoopers (PwC) has revealed that over a quarter of household spending goes on energy bills, household costs and waterhttp://www.financialadvice.co.uk/news/householdbills/20131112/household-bills-account-for-a-quarter-of-spending.htmlTue, 12 Nov 2013 11:05:35 -0800Twitter IPO priced at $26 per shareTwitter shares have been priced at $26 per share ahead of its stock market debut valuing the company at more than $18bn (£11bn).http://www.financialadvice.co.uk/news/investments/20131107/twitter-ipo-priced-at-26-a-share.htmlThu, 07 Nov 2013 15:57:08 -0800House prices continue to increaseHouse prices have continued to rise for the ninth consecutive month. The average price increased by 0.7% in October to almost £172,000, creating an annual increase of 6.9%.http://www.financialadvice.co.uk/news/property/20131006/house-prices-continue- to-increase.htmlWed, 06 Nov 2013 16:10:57 -0800National living wage increasedThe national living wage has been increased by 20p to £7.65 an hour, affecting more than 30,000 low paid workers.http://www.financialadvice.co.uk/news/householdbills/20131104/national-living-wage-increased.htmlMon, 04 Nov 2013 14:30:09 -0800RBS ringfences £38bn worth of bad assetsThe Royal Bank of Scotland has today ended speculation of the bank being split into good banks and bad banks by placing £38bn worth of ‘bad assets’ into an internal ringfenced bank.http://www.financialadvice.co.uk/news/bankaccounts/20131022/RBS-ringfences-38bn-worth-of-bad-assets.htmlFri, 01 Nov 2013 15:43:53 -0700Energy companies to be forced into annual reviewEnergy secretary, Ed Davey, has prepared plans for an annual review into energy companies, in order to investigate and regulate competition within the sector. http://www.financialadvice.co.uk/news/householdbills/20131031/energy-companies-to-be-forced-into-annual-review.htmlThu, 31 Oct 2013 14:28:43 -0700‘Thorough competition enquiry needed’ warns energy bossThe chief executive of one of the largest energy suppliers in the UK, E.On, has called for a competition enquiry into firmshttp://www.financialadvice.co.uk/news/householdbills/20131030/thorough-competition-enquiry-needed-warns-energy-boss.htmlWed, 30 Oct 2013 15:10:09 -0700University pension fund faces deficit of £10.5bnThe Universities Superannuation Scheme (USS), the biggest pension fund in the country, which is facing a massive deficit of £7.9bn according to the BBC’s figures could be in even worse trouble than originally thought.http://www.financialadvice.co.uk/news/pensions/20131028/university-pension-fund-faces-deficit-of-10-bn.htmlMon, 28 Oct 2013 14:11:12 -070025pc of Over 65’s are worried about staying warm this winterWith energy prices rising across the board, Age UK has revealed that a quarter of over 65’s living in the UK have genuine worries about staying warm this winterhttp://www.financialadvice.co.uk/news/householdbills/20131028/25pc-of-over-65-are-worried-about-staying-warm-this-winter.htmlMon, 28 Oct 2013 13:21:54 -0700UK GDP rises by 0.8%The UK economy grew between July and September as GDP increased by 0.8% according to the Office for National Statistics (ONS), the best quarterly performance since 2010.http://www.financialadvice.co.uk/news/ukeconomy/20131025/uk-gdp-rises.htmlFri, 25 Oct 2013 14:45:11 -0700Scottish Power latest energy company to increase pricesScottish Power has raised electricity prices by an average of 9%, whilst gas prices are expected to rise by an average of 8.5%. The price rises will become effective from 6th December 2013, just in time for the Christmas period in a move that follows a dramatic price increase from British Gas to become the fourth major energy supplier to increase their prices. http://www.financialadvice.co.uk/news/householdbills/20131024/scottish-power-latest-energy-company-to-increase-prices.htmlThu, 24 Oct 2013 14:53:12 -0700Mobile users to be able to switch contracts without penaltyOfcom have announced changes which will mean mobile users will be able to switch contracts without paying a penalty in the event of their contract provider increasing prices mid-term.http://www.financialadvice.co.uk/news/householdbills/20131024/mobile-users-to-be-able-to-switch-contracts-without-penalty.htmlThu, 24 Oct 2013 11:36:15 -0700Car insurance cost falls, and ministers target whiplash fraudThe cost of insuring your car has fallen at the fastest rate in the last 20 years, as an average of £80 was saved per policy over the last 12 months.http://www.financialadvice.co.uk/news/insurance/20131023/car-insurance-cost-falls-and-ministers-target-whiplash-claims.htmlWed, 23 Oct 2013 13:47:46 -0700Co-op group look set to lose control of Co-op bankThe Co-op group have confirmed that they are in talks to sell off a majority stake of the banking arm of the mutual organisation, due to the bank facing a shortfall of £1.5 billion.http://www.financialadvice.co.uk/news/bankaccounts/20131022/co-op-group-set-to-lose-control-of-co-op-bank.htmlTue, 22 Oct 2013 14:49:15 -0700Petrol prices in biggest fall since 2008According to the AA, petrol prices have fallen by 5.49 pence per litre, which is officially the biggest fall since November 2008, when prices fell by 11.5 pence.http://www.financialadvice.co.uk/news/householdbills/20131022/petrol-prices-in-biggest-fall-since-2008.htmlTue, 22 Oct 2013 14:46:59 -0700British Gas hikes prices by 9.2pcPrime Minister, David Cameron, has urged consumers to switch energy supplier, after British Gas announced a price hike of 9.2pc in a move the PM has described as “disappointing”.http://www.financialadvice.co.uk/news/householdbills/20131018/british-gas-hikes-prices-by-9.2pc.htmlFri, 18 Oct 2013 09:21:02 -0700UK unemployment fallingUnemployment in the UK fell by more than 18,000 to less than 2.5 million in the three months to August according to the Office for National Statistics (ONS). Additionally, those claiming job seekers allowance fell by 41,700 to 1.35 million last month alone, the lowest since January 2009.http://www.financialadvice.co.uk/news/ukeconomy/20131017/uk-unemployment-falling.htmlThu, 17 Oct 2013 15:36:31 -0700House prices hit record high in AugustThe Office for National Statistics (ONS) recorded record house prices in the month of August, as their house price index eased past the previous record set in January 2008http://www.financialadvice.co.uk/news/mortgages/20131016/house-prices-hit-record-high-in-august.htmlWed, 16 Oct 2013 15:03:42 -0700Apple to hire Burberry Chief ExecutiveBurberry Chief Executive Angela Ahrendts is to join technology giant Apple as the ‘Senior Vice President of Retail and Online Stores. The move was an unexpected one, with Ahrendts spending almost a decade at Burberry and being viewed by some as CEO material. http://www.financialadvice.co.uk/news/investments/20131016/apple-to-hire-burberry-chief-executive.htmlWed, 16 Oct 2013 13:21:08 -0700Government backed payment scheme failing small businessesThe prompt payment code, backed by the UK government has been failing it’s objectives of ensuring that small suppliers are paid on time. Around 1,500 firms signed up to the scheme when it was originally set up in December 2008 in order to facilitate a need for small suppliers to recover over £30.2 billion in owed payments. http://www.financialadvice.co.uk/news/ukeconomy/20131014/government-backed-payment-scheme-failing-small-businessesMon, 14 Oct 2013 15:48:10 -0700Opinion split over possibility of housing bubbleOpinion on whether the new Government-led scheme to get more people on the property ladder, Help to Buy, will cause a housing bubble has been splithttp://www.financialadvice.co.uk/news/mortgages/20131014/opinion-split-over-possibility-of-housing-bubble.htmlMon, 14 Oct 2013 13:03:47 -0700Royal Mail shares rocket Royal Mail shares rocketed by as much as 38% at the start of conditional dealings, peaking at 456p per share, from an original pricing of 330p per share.http://www.financialadvice.co.uk/news/investments/20131011/royal-mail-shares-rocket.htmlFri, 11 Oct 2013 13:19:07 -0700Smaller investors to be favoured by Royal Mail in IPOAccording to reports from the BBC, Royal Mail is expected to reward smaller investors who subscribe to the minimum investment of £750 whilst setting a maximum cap of £10,000, meaning bigger investors will likely be shunned.http://www.financialadvice.co.uk/news/investments/20131010/smaller-firms-to-be-favoured-by-royal-mail-in-ipo.htmlThu, 10 Oct 2013 12:54:03 -0700Help to Buy scheme extension launchedThe second stage of the ‘Help to Buy’ scheme has been launched three months early in the hope that the housing market will further benefit from growth in a similar way it did under the initial stage of the scheme.http://www.financialadvice.co.uk/news/mortgages/20131009/help-to-buy-scheme-extension-launched.htmlWed, 09 Oct 2013 08:42:26 -0700Students face cost of living crisisThe National Union of Students (NUS) have claimed that students are facing a financial shortfall of more than £7,600 a year as loans and grants are failing to keep pace with rent and the cost of living.http://www.financialadvice.co.uk/news/householdbills/20131008/students-face-cost-of-living-crisis.htmlTue, 08 Oct 2013 11:03:49 -0700House price increases at three year highThe renewed faith in the housing market has been reflected by reports from the Halifax that house prices are rising at their fastest rate in three years due to increasing demand for properties.http://www.financialadvice.co.uk/news/property/20131003/house-price-increases-at-three-year-high.htmlThu, 03 Oct 2013 09:49:07 -0700Monthly News Roundup – SeptemberWithin this feature we like to recap the previous month, looking at the top finance news and how it might affect you.http://www.financialadvice.co.uk/news/ukeconomy/20131003/monthly-news-roundup-september.htmlThu, 03 Oct 2013 09:40:00 -0700Payday lenders face tighter regulationsCity regulator, the Financial Conduct Authority (FCA), has announced plans to tighten regulations around the payday loan industryhttp://www.financialadvice.co.uk/news/loans/20131003/payday-lenders-to-face-tighter-regulations.htmlThu, 03 Oct 2013 09:35:01 -0700Mortgage approvals at five year highThe Bank of England has announced that the number of mortgage approvals hit a five-and-a-half-year-high in August. Mortgage approvals rose to 62,226 in August from 60,914 in the previous month. http://www.financialadvice.co.uk/news/mortgages/20131001/mortgage-approvals-at-five-year-high.htmlTue, 01 Oct 2013 10:27:02 -0700Help to Buy scheme is launched three months earlyThe Help to Buy scheme, which was announced in the Budget in April, has been launched three months earlier than plannedhttp://www.financialadvice.co.uk/news/mortgages/20130930/help-to-buy-scheme-is-launched-three-months-early.htmlMon, 30 Sep 2013 13:40:39 -0700North-South house price gap widensThe price gap between houses in the North and South of the UK has widened, according to the Nationwide, and now stands at over £100,000.http://www.financialadvice.co.uk/news/mortgages/20130927/north-south-house-price-gap-widens.htmlMon, 30 Sep 2013 13:04:54 -0700Fewer than expected opting out of pension schemesReports are suggesting that fewer people are choosing to opt out of automatic pension enrollment schemes than what was originally expected. http://www.financialadvice.co.uk/news/pensions/20130930/fewer-than-expected-opting-out-of-automatic-pension-schemes.htmlMon, 30 Sep 2013 12:24:57 -0700Consumer confidence up as appetite for credit growsConsumers improving confidence has been reflected in claims made by the British Bankers’ Association (BBA) that consumer borrowing through mortgages, loans and credit cards have increased over the last month. http://www.financialadvice.co.uk/news/ukeconomy/20132609/consumer-confidence-up-as-appetite-for-credit-growsThu, 26 Sep 2013 09:01:51 -0700OFT to crack down on poor value pensionsThe Office of Fair Trading (OFT) has ordered a crackdown on schemes that offer poor value to savers. The crackdown involves recommending a series of reforms that will give new and increased powers to the Pensions Regulator.http://www.financialadvice.co.uk/news/pensions/20130919/oft-to-crack-down-on-poor-value-pensions.htmlThu, 19 Sep 2013 10:17:31 -0700Government sells 6% stake in Lloyds Banking GroupThe government has sold a 6% stake in the Lloyds banking group, raising £3.2 billion, in what George Osbourne, Chancellor of the Exchequer, acclaimed to be an “important step” in plans “to get their money back and fix the economy.” During the banking crisis, the government bailed out the Lloyds banking group, purchasing 38.7% of the group at an average of 73.6p per share.http://www.financialadvice.co.uk/news/ukeconomy/20130918/government-sells-6-percent-stake-in-lloyds-banking-group.htmlWed, 18 Sep 2013 12:29:45 -0700Banks make it easier for consumers to switch accountsThe banking industry has undergone a major IT overhaul at a cost of £750ml to reduce the time it takes for consumers to switch their current account to a new provider.http://www.financialadvice.co.uk/news/bankaccounts/230130916/banks-make-it-easier-for-consumers-to-switch-accounts.htmlTue, 17 Sep 2013 08:23:13 -0700Housing price rises should be capped at 5% a yearThe Royal Institution of Chartered Surveyors (Rics) has argued that the Bank of England should cap house price rises at 5% to prevent another housing bubble.http://www.financialadvice.co.uk/news/property/20130913/housing-prices-should-be-capped-at-5-percent-a-year.htmlFri, 13 Sep 2013 14:13:33 -0700Twitter plans IPOTwitter are planning to join the stock market in what looks to be one of the most followed stock market flotation’s since Facebook’s IPO (initial public offering) in 2012.http://www.financialadvice.co.uk/news/investments/20130913/twitter-plans-ipo.htmlFri, 13 Sep 2013 12:54:57 -070041% increase in first-time buyer loansThe number of mortgages advanced to first time buyers in July has increased by a huge 41% compared to a year ago and 5% in comparison to last June; reflecting recent reports of increased activity in the housing market.http://www.financialadvice.co.uk/news/property/20130912/41-percent-increase-in-first-time-buyer-loans.htmlThu, 12 Sep 2013 13:36:51 -0700Housing market recovery is ‘spreading’Housing developer Barratt’s has claimed the recovery of the housing market is “spreading beyond London and the South East” http://www.financialadvice.co.uk/news/property/20130911/housing-market-recovery-is-spreading.htmlWed, 11 Sep 2013 15:19:59 -0700Banks under investigation for PPI mis-handlingTwo unnamed banks are reportedly under investigation for the mis-handling of PPI complaintshttp://www.financialadvice.co.uk/news/insurance/20130909/banks-under-investigation-for-ppi-mis-handling.htmlTue, 10 Sep 2013 14:22:21 -0700Introductory rates on savings accounts to be investigatedSo-called ‘teaser’ rates on cash savings accounts are to be investigated by the Financial Conduct Authority (FCA).http://www.financialadvice.co.uk/news/savings/20130909/introductory-rates-on-savings-accounts-to-be-investigated.htmlMon, 09 Sep 2013 16:02:29 -0700First time buyers up 45pc year-on-yearThe amount of people buying a first home in the UK has risen by 45pc year-on-year from July 2012, according to a report by LSL Property Serviceshttp://www.financialadvice.co.uk/news/mortgages/20130906/first-time-buyers-up-45pc-year-on-year.htmlFri, 06 Sep 2013 16:12:04 -07001 in 5 UK employees is paid below living wage05/09/2013 A study by the Resolution Foundation has uncovered the fact that one in every five UK employees is being paid below the living wage.http://www.financialadvice.co.uk/news/ukeconomy/201309805/1-in-5-uk-employees-is-paid-below-living-wage.htmlFri, 06 Sep 2013 16:06:16 -0700Wonga defies critics to post record profitsPayday lender Wonga, a company which has come under stark criticism about how it operates, has posted record profits, and has become one of the most popular lenders in the UKhttp://www.financialadvice.co.uk/news/loans/20130904/wonga-defies-critics-to-post-record-profits.htmlWed, 04 Sep 2013 14:56:54 -0700Government extends free childcare schemeFour out of ten two-year-olds in England will benefit from free childcare from next September under a new scheme offered by the Government.http://www.financialadvice.co.uk/news/householdbills/20130901/government-offers-free-childcare-scheme-to-40pc-of-two-year-olds.htmlTue, 03 Sep 2013 12:59:07 -0700House prices still on the rise, according to NationwideHouse prices rose again in August for the 11th straight month, according to Nationwide, further highlighting the increasing strength of the UK property market. http://www.financialadvice.co.uk/news/mortgages/20130901/house-prices-still-on-the-rise-according-to-nationwide.htmlMon, 02 Sep 2013 08:37:41 -0700Changes to state pension "will disadvantage millions"New changes to the state pension are set to adversely affect millions of UK workers, who could be thousands of pounds a year worse off, according to the TUChttp://www.financialadvice.co.uk/news/pensions/20130821/state-pension-under-attack-as-changes-will-disadvantage-millions.htmlThu, 22 Aug 2013 14:37:54 -0700House prices rise again, according to ONSThe Office for National Statistics (ONS) has again reported a house price rise in the UK, as Government schemes continue to strengthen the property market. http://www.financialadvice.co.uk/news/mortgages/20130813/house-prices-rise-again-according-to-ons.htmlTue, 13 Aug 2013 15:49:32 -0700Thames Water asks regulator for permission to raise billsThames Water has asked its regulator, Ofwat, for permission to raise water bills by as much as 12pc.http://www.financialadvice.co.uk/news/householdbills/20130812/thames-water-asks-regulator-for-permission-to-raise-bills.htmlMon, 12 Aug 2013 15:26:07 -0700Gas and Electricity prices to rise by as much as 10pcEnergyhelpline has told consumers to brace themselves for massive energy price hikes which could be as high as 10pc. http://www.financialadvice.co.uk/news/householdbills/20130809/gas-and-electricity-prices-to-rise-by-as-much-as-10pc.htmlFri, 09 Aug 2013 15:49:36 -0700Second-time buyers struggling to move from starter homeResearch from the Post Office has indicated that second-time buyers are experiencing significant barriers that are preventing them from moving from their starter home into a second home.http://www.financialadvice.co.uk/news/mortgages/20130808/second-time-buyers-struggling-to-move-from-starter-home.htmlThu, 08 Aug 2013 16:00:51 -0700Quick house sale firms warned by OFTThe Office of Fair Trading (OFT) has announced three firms who target homeowners struggling to sell their properties by promising them quick sales. http://www.financialadvice.co.uk/news/mortgages/20130808/quick-house-sales-firms-warned-by-OFT.htmlThu, 08 Aug 2013 08:51:14 -0700Money habits improving, but more struggle to pay billsResearch from the Money Advice Service has revealed that, despite the fact an increasing amount of UK adults are struggling to pay bills, people are generally falling into better money habits.http://www.financialadvice.co.uk/news/householdbills/20130802/money-habits-improving-but-more-people-struggle-to-pay-bills.htmlFri, 02 Aug 2013 12:45:32 -0700British Gas urged to freeze prices after record profitsConsumer groups have urged energy supplier, British Gas, to consider scrapping any proposed price increase planned this year, after the company reported record profits on the back of a cold winterhttp://www.financialadvice.co.uk/news/householdbills/20130801/british-gas-urged-to-freeze-prices-after-record-profits.htmlFri, 02 Aug 2013 12:43:04 -0700MPs call for energy industry transparencyThe energy industry is once again under scrutiny from MPs, after insights into the amount of profit the ‘big six’ energy providers are making. http://www.financialadvice.co.uk/news/householdbills/20130730/mps-call-for-energy-industry-transparency.htmlTue, 30 Jul 2013 08:51:17 -0700UK economy grows by 0.6% - Q2 2013The latest figures from the Office for National Statistics (ONS) show that the UK economy experienced growth of 0.6pc in the three months leading up to Junehttp://www.financialadvice.co.uk/news/ukeconomy/20130725/uk-economy-grows-by-0.6pc.htmlThu, 25 Jul 2013 13:53:17 -0700Rent price inflation halts, as more people opt to buyThe increase in the number of people buying property in the UK, especially first-time buyers, has meant that the cost of renting has stopped rising as aggressively. http://www.financialadvice.co.uk/news/property/20130719/rent-price-inflation-halts-as-more-people-opt-to-buy.htmlFri, 19 Jul 2013 16:04:08 -0700First-time buyer Mortgages at five-and-a-half-year highThe amount of mortgages approved for first-time buyers has risen to the highest level recorded in the last five-and-a-half years, according to the Council of Mortgage Lenders (CML).http://www.financialadvice.co.uk/news/mortgages/20130712/first-time-buyer-mortgages-at-five-and-a-half-year-high.htmlFri, 12 Jul 2013 15:00:43 -0700First 0% Interest Mortgage launched by LBSWith mortgage rates falling, Leeds Building Society has taken a step further than the competition and is now offering the first 0% interest mortgage to hit the market.http://www.financialadvice.co.uk/news/mortgages/20130711/first-0pc-interest-mortgage-launched-by-lbs.htmlThu, 11 Jul 2013 13:56:40 -0700House sales could increase to highest level in 14 yearsThe outlook for UK house sales has been described as the strongest since 1999, after data from the Royal Institute of Chartered Surveyors (Rics) was released.http://www.financialadvice.co.uk/news/property/20130709-house-sales-could-increase-to-highest-level-in-14-years.htmlThu, 11 Jul 2013 13:54:32 -0700Almost 9 in 10 Children are ‘worried about Money’. Research from Halifax has highlighted the fact that children as young as eight have admitted that they share some of the concerns their parents have about their financeshttp://www.financialadvice.co.uk/news/ukeconomy/20130705-almost-9-in-10-children-are-worried-about-money-htmlThu, 11 Jul 2013 13:52:46 -0700Approved Mortgages for first time buyers up by 50pcThere has been a significant rise in the amount of mortgages approved for first time buyers in 2013, according to the Building Societies Associationhttp://www.financialadvice.co.uk/news/mortgages/20130702-approved-mortgages-for-first-time-buyers-up-50pc.htmlTue, 02 Jul 2013 14:47:41 -0700House prices continue to riseThe cost of buying a house in the UK is continuing it’s steady rise, at the fastest rate since 2010. http://www.financialadvice.co.uk/news/property/20130628-house-prices-continue-to-rise.htmlFri, 28 Jun 2013 16:00:41 -0700Payday lenders face competition inquiryThe Office of Fair Trading (OFT) has referred payday lenders to the Competition Commission http://www.financialadvice.co.uk/news/loans/20130627-payday-lenders-competition-inquiry.htmlThu, 27 Jun 2013 15:04:03 -0700Public sector staff to lose automatic pay riseEmployees working in the public sector in the UK are set to miss out on automatic pay rises, as part of a Government initiative which is set to save £11.5bn.http://www.financialadvice.co.uk/news/ukeconomy/20130626-public-sector-staff-lose-automatic-pay-rise.htmlThu, 27 Jun 2013 08:49:41 -0700E.On and EDF customers overcharged due to ‘weak gas’Millions of customers of two of Britain’s largest energy suppliers, E.On and EDF Energy, have been overcharged on part of their gas billshttp://www.financialadvice.co.uk/news/householdbills/20130625-eon-and-edf-customers-overcharged-due-to-weak-gas.htmlWed, 26 Jun 2013 09:02:58 -0700Unclaimed Premium Bond prizes top £44mNational Savings and Investments (NS&I) officials have released details about nearly 900,000 unclaimed premium bond prizes, which amass to a total value of £44m.http://www.financialadvice.co.uk/news/savings/20130605-unclaimed-premium-bond-prizes-top-£44m.htmlWed, 05 Jun 2013 16:09:52 -0700Average incomes to drop by more than a third on retirementThe average pensioner in the UK will see their income fall by over a third once they enter retirement and stop working.http://www.financialadvice.co.uk/news/pensions/20310605-average-incomes-drop-by-more-than-a-third-on-retirement.htmlWed, 05 Jun 2013 16:08:14 -070080pc of students “don’t have enough money to live on”A survey from Save the Student has found that as many as 8 out of 10 students don’t have enough money to live on.http://www.financialadvice.co.uk/news/householdbills/20130603-80pc-of-students-don't-have-enough-money-to-live-on.htmlMon, 03 Jun 2013 15:24:07 -0700House prices rise again in May The UK housing market gained further momentum in May as average prices rose again month-on-month, according to Nationwide building society, who reported a 0.4pc rise.http://www.financialadvice.co.uk/news/property/20130530-house-prices-rise-again-in-may.htmlMon, 03 Jun 2013 08:37:41 -0700Financial Ombudsman reports record number of complaintsComplaints to financial institutions rose to the highest recorded level over the course of the last year, after a 92pc rise on the previous year.http://www.financialadvice.co.uk/news/insurance/20130529-financial-ombudsman-reports-record=-number-of-complaints.htmlWed, 29 May 2013 13:39:17 -0700Co-operative Bank launches talking ATMsThe Co-operative bank has followed in the footsteps of Barclays, by installing talking cash machines on the streets of the UKhttp://www.financialadvice.co.uk/news/bankaccounts/20310524-cooperative-bank-launches-talking-atms.htmlTue, 28 May 2013 14:46:11 -07001 in 7 retiring in 2013 will rely on State PensionA study from Prudential has further highlighted the bleak outlook for pensioners looking to retire this year, as it was revealed one in seven will have to rely on the state pension for incomehttp://www.financialadvice.co.uk/news/pensions/20130523-one-in-seven-retiring-in-2013-will-rely-on-state-pension.html Thu, 23 May 2013 08:34:34 -0700Another House Price rise takes London average past £500kAccording to property website Rightmove, average house prices across the UK have risen for the fifth consecutive monthhttp://www.financialadvice.co.uk/news/property/20130520-another-rise-in-house-prices-takes-london-average-past-500k.htmlMon, 20 May 2013 14:02:43 -07003.5m owed Tax Rebate, but 2m owe HMRC as much as £500HM Revenue and Customs (HMRC) has reported that as many as 5.5m UK workers paid the wrong amount of tax in financial year 2012-2013. http://www.financialadvice.co.uk/news/tax/20130517-3.5m-owed-tax-rebate-but-2m-owe-hmrc-as-much-as-£500.htmlFri, 17 May 2013 08:57:09 -0700Government consults on CTF to Junior ISA transferThe Government has launched a consultation into planned changes which will allow parents to swap their Child Trust Funds (CTF) for Junior ISA’shttp://www.financialadvice.co.uk/news/savings/20130515-government-consults-on-ctf-to-junior-isa-transfers.htmlWed, 15 May 2013 12:44:38 -0700Housing demand and prices continue to riseHouse prices have reached a three month high and demand from buyers is at the highest level since 2009, according to The Royal Institute of Chartered Surveyors (Rics)http://www.financialadvice.co.uk/news/property/20130514-housing-demand-and-prices-continue-to-rise.htmlTue, 14 May 2013 14:32:23 -0700Cold weather raises gas use by 18%The cold weather in the first four months of 2013 has meant that gas use in the UK was 18pc higher than that of the same period in 2012http://www.financialadvice.co.uk/news/householdbills/20130513-cold-weather-raises-gas-use-by-18pc.htmlTue, 14 May 2013 08:04:01 -0700Isa’s suffer first ever fall in SavingsFor the first time in their 14 year history, Isa’s have experienced a fall in their savings value, as low interest rates, rising inflation, and a lack of trust deter savers.http://www.financialadvice.co.uk/news/savings/20130513-isas-suffer-first-ever-fall-in-savings.htmlMon, 13 May 2013 09:08:51 -0700Buy-to-let mortgage lending up in first QuarterThe amount of mortgages approved on a buy-to-let basis was up by 13.5pc in the first quarter of 2013http://www.financialadvice.co.uk/news/mortgages/20130509-buy-to-let-mortgage-lending-up-in-first-quarter.htmlWed, 31 Dec 1969 16:00:00 -0800UK House prices rise in AprilThe average price of a house in the UK rose by 1.1pc in April, compared to March, but activity in the housing market remains low, according to Halifax.http://www.financialadvice.co.uk/news/property/20130508-UK-house-prices-rise-in-april.htmlWed, 31 Dec 1969 16:00:00 -0800FCA: No evidence interest-only mortgages were mis-soldThe Financial Conduct Authority has said that there has been no mass evidence collected in relation to the mis-selling of interest-only mortgages to homeowners in the UK.http://www.financialadvice.co.uk/news/mortgages/20130502-fca-no-evidence-interest-only-mortgages-mis-sold.htmlWed, 31 Dec 1969 16:00:00 -0800FCA raises fears over Interest-Only MortgagesThe Financial Conduct Authority (FCA) has spoken of its concern over the ability of more than a million people to pay off final charges on interest-only mortgages. http://www.financialadvice.co.uk/news/mortgages/20130501-fca-raises-fears-over-interest-only-mortgages.htmlWed, 31 Dec 1969 16:00:00 -0800Thousands to experience rise in Mortgage Rates from BOIThousands of borrowers who took out tracker mortgages with the Bank of Ireland (BOI) will see their rates increase from Wednesdayhttp://www.financialadvice.co.uk/news/mortgages/20130501-thousands-to-experience-rise-in-mortgage-rates-from-BOI.htmlWed, 31 Dec 1969 16:00:00 -0800Kodak Pension Plan Members to receive reduced BenefitsMembers of the Kodak Pension Plan (KPP), of which there are thought to be 15,000, will receive reduced pension benefits.http://www.financialadvice.co.uk/news/pensions/20130430-kodak-pension-plan-members-to-receive-reduced-benefits.htmlWed, 31 Dec 1969 16:00:00 -0800UK Economy avoids triple-dip RecessionThe UK economy avoided what would have been devastating news today, as first quarter growth of 0.3pc was reported, and a triple-dip recession avoided.http://www.financialadvice.co.uk/news/ukeconomy/20130425-UK-economy-avoids-triple-dip-recession.htmlWed, 31 Dec 1969 16:00:00 -0800Computer systems fail at NationwideNationwide has become the latest financial organisation to suffer a system failure, which has meant customers are unable to access online banking as well as account details in brancheshttp://www.financialadvice.co.uk/news/bankaccounts/20130423-computer-systems-fail-at-nationwide.htmlWed, 31 Dec 1969 16:00:00 -0800FCA could probe ‘teaser’ ratesThe Financial Conduct Authority (FCA) has hinted that it could launch an investigation into ‘teaser’ rates http://www.financialadvice.co.uk/news/bankaccounts/20130418-fca-could-probe-teaser-rates.htmlWed, 31 Dec 1969 16:00:00 -0800UK Unemployment hits 2.56 millionThe amount of people unemployed in the UK rose by 70,000 between December and February according to the Office for National Statistics (ONS).http://www.financialadvice.co.uk/news/ukeconomy/20130417-uk-unemployment-hits-2.56-million.htmlWed, 31 Dec 1969 16:00:00 -0800More people set to ditch bank after poor treatmentA study from Which? has revealed that record numbers of people are expected turn their back on their bank in the coming yearhttp://www.financialadvice.co.uk/news/bankaccounts/20130416-more-people-set-to-ditch-bank-after-poor-treatment.htmlWed, 31 Dec 1969 16:00:00 -0800First time buyers reach 5 year peakThe number of people buying their first home is at the highest level for five years, according to data from the Council of Mortgage Lenders (CML).http://www.financialadvice.co.uk/news/mortgages/20130415-first-time-buyers-reach-5-year-peak.htmlWed, 31 Dec 1969 16:00:00 -080025pc misplace pension ‘job-hopping’One in four people say that they have lost touch with or misplaced a pension pot after changing their job. http://www.financialadvice.co.uk/news/pensions/20130411-25pc-misplace-pension-job-hopping.htmlWed, 31 Dec 1969 16:00:00 -0800Mortgage arrangement fees reach new highThe amount you pay to organise your mortgage has risen to a new high, despite the fact the Government has set up new schemes to make borrowing and getting on the property ladder easier.http://www.financialadvice.co.uk/news/mortgages/22130410-mortgage-arrangement-fees-reach-new-high.htmlWed, 31 Dec 1969 16:00:00 -0800Five million households in debt to energy supplierThe number of households in the UK that are in debt to their energy supplier has risen by over one million during the past twelve months.http://www.financialadvice.co.uk/news/householdbills/20130409-five-million-households-in-debt-to-energy-supplier.htmlWed, 31 Dec 1969 16:00:00 -0800House prices for first time buyers ‘up 5pc’The price of a house for a first time buyer has risen 5pc since the summer, according to a report representing data collected by Halifax.http://www.financialadvice.co.uk/news/property/20130405-house-prices-for-first-time-buyers-up-5pc.htmlWed, 31 Dec 1969 16:00:00 -0800Pension Reform is unclear, say MP’sA group of cross-party MP’s have expressed their concern that the Government has not done enough to explain to the public how the forthcoming revamp of the state pension will affect themhttp://www.financialadvice.co.uk/news/pensions/20130404-pension-reform-is-unclear-say-mps.htmlWed, 31 Dec 1969 16:00:00 -0800Help to Buy – What is it?We take a look at the new Help to Buy scheme, proposed by the Chancellor in the recent Budget. http://www.financialadvice.co.uk/news/property/20130327-help-to-buy-what-is-it.htmlWed, 31 Dec 1969 16:00:00 -0800Child Trust Fund to Junior ISA transfers to be consideredFollowing on from repeated pressure to act, the Government has announced that they will consider allowing the transfer of Child Trust Fund (CTF) accounts to Junior ISA’s.http://www.financialadvice.co.uk/news/savings/20130326-ctf-to-junior-isa-transfers-to-be-considered.htmlWed, 31 Dec 1969 16:00:00 -0800The Budget 2013 as it happenedA round up of the 2013 Budget delivered by Chancellor George Osborne, and how this will affect you. http://www.financialadvice.co.uk/news/ukeconomy/20130322-the-budget-2013-as-it-happened.htmlWed, 31 Dec 1969 16:00:00 -0800ISA limit ‘should be raised to £8000’, the Chancellor is toldThe cash ISA limit would have to be raised to £8000 for savers to receive the same interest rates as a year agohttp://www.financialadvice.co.uk/news/savings/20130320-isa-limit-should-be-raised-to-8000-chancellor-is-told.htmlWed, 31 Dec 1969 16:00:00 -0800Just 15pc use full ISA allowanceOnly 15pc of savers have used their full ISA allowance this year, according to figures released by Halifax. http://www.financialadvice.co.uk/news/savings/20130319-just-15pc-use-full-isa-allowance.htmlWed, 31 Dec 1969 16:00:00 -0800Household Bills rise at four times the rate of EarningsThe cost of living has risen at four times the rate of incomes since the start of the economic downturn according to the Office for National Statistics (ONS). http://www.financialadvice.co.uk/news/householdbills/20130312-household-bills-rise-at-four-times-the-rate-of-earnings.htmlWed, 31 Dec 1969 16:00:00 -0800NatWest Customers affected by another System failureCustomers of Natwest, the Royal Bank of Scotland (RBS) and Ulster Bank have been hot by another system failure which left them without access to their money.http://www.financialadvice.co.uk/news/bankaccounts/20130312-natwest-customers-affected-by-another-system-failure.htmlWed, 31 Dec 1969 16:00:00 -0800Payday Loan Companies to face new Advertising restrictionsCompanies’ which provide consumers with ‘payday loans’ are to face new restrictions on advertising their service, after fears that consumers are being harmed by serious problems in this sectorhttp://www.financialadvice.co.uk/news/loans/20130306-payday-loan-companies-to-face-new-advertising-restrictions.htmlWed, 31 Dec 1969 16:00:00 -0800Orange and T-Mobile to raise Pay-Monthly PricesOrange and T-Mobile will raise the prices of pay-monthly tariffs from April 2013, in a move which will affect an estimated 5.5 million existing customers. http://www.financialadvice.co.uk/news/householdbills/20130304-orange-and-tmobile-to-raise-monthly-prices.htmlWed, 31 Dec 1969 16:00:00 -0800House Prices rise for fifth consecutive MonthHouse prices in the UK rose again in February, for the fifth successive month.http://www.financialadvice.co.uk/news/property/20130301-house-prices-rise-for-fifth-consecutive-month.htmlWed, 31 Dec 1969 16:00:00 -0800RBS hands out £607m Bonus, despite making loss of £5.2bnThe Royal Bank of Scotland (RBS) has reported it handed out bonuses to senior employees amounting to a massive £607m, despite making a pre-tax loss of £5.2bn in 2012.http://www.financialadvice.co.uk/news/ukeconomy/20130301-RBS-hands-out-607m-bonus-despite-making-loss-of-5.2bn.htmlWed, 31 Dec 1969 16:00:00 -0800British Gas Profits rise 14pcBritish Gas has reported a rise in profits of 14pc throughout 2012.http://www.financialadvice.co.uk/news/householdbills/20130227-british-gas-profits-rise-14-percent.htmlWed, 31 Dec 1969 16:00:00 -0800Eight Million Brits have no SavingsA study administered by Scottish Widows has uncovered the fact that eight million Brits have no savings to their namehttp://www.financialadvice.co.uk/news/savings/20130226-8m-brits-have-no-savings.htmlWed, 31 Dec 1969 16:00:00 -0800HMRC publishes list of Tax evadersH M Revenue and Customs (HMRC) has released a list of companies and individuals who have deliberately avoided tax, naming and shaming them publicly.http://www.financialadvice.co.uk/news/tax/20130222-hmrc-publishes-list-of-tax-evaders.htmlWed, 31 Dec 1969 16:00:00 -0800Brits ‘worst in World at saving for Retirement’Figures from a study administered by HSBC have revealed that British workers are the worst in the world at preparing for retirement through a pension scheme.http://www.financialadvice.co.uk/news/pensions/20130221-brits-worst-in-world-at-saving-for-retirement.htmlWed, 31 Dec 1969 16:00:00 -0800Ofgem warns of Energy Bill risesEnergy watchdog Ofgem has issued a warning to consumers that energy prices may well be set to rise again. http://www.financialadvice.co.uk/news/householdbills/20130219-ofgem-warns-of-energy-bill-rises.htmlWed, 31 Dec 1969 16:00:00 -0800Supermarkets take 58p of every Retail PoundA report from the Payments Council has revealed that in 2011 supermarkets took 58pc of the entire retail spend in the UKhttp://www.financialadvice.co.uk/news/ukeconomy/20130219-supermarkets-take-58p-of-every-retail-pound.htmlWed, 31 Dec 1969 16:00:00 -0800Personal Injury ‘Compensation culture’ costs Motorists £118According to a report published by Aviva, personal injury claims are adding an astonishing £118 to every motor insurance premium. http://www.financialadvice.co.uk/news/insurance/20130214-ending-personal-injury-compensation-culture-could-save-motorists-£60.htmlWed, 31 Dec 1969 16:00:00 -0800Barclays cut 3700 JobsBarclays has said it will cut 3700 jobs and will close its tax avoidance unit after the latest strategic review from the companyhttp://www.financialadvice.co.uk/news/ukeconomy/20130213-barclays-cut-3700-jobs.htmlWed, 31 Dec 1969 16:00:00 -0800Household Water Bills rise 3.5pcThe cost of water and sewerage in the average UK household is set to rise at an inflation-beating rate, by some 3.5pc.http://www.financialadvice.co.uk/news/householdbills/201302/07-household-water-bills-rise-3.5pc.htmlWed, 31 Dec 1969 16:00:00 -0800Triple-Dip Recession may be avoided after allThere is fresh optimism that another period of recession, the third in just over five years in the UK, will be avoidedhttp://www.financialadvice.co.uk/news/ukeconomy/20130205-triple-dip-recession-may-be-avoided-after-all.htmlWed, 31 Dec 1969 16:00:00 -0800FSA launches Pension Annuity ProbeThe FSA have launched an investigation into pension annuities, a market that is worth £11bn, after it was revealed that there are growing concerns British pensioners are not getting a fair deal in return for their pension fund when they retire. http://www.financialadvice.co.uk/news/ukeconomy/20130204-FSA-launces-pension-annuity-probe.htmlWed, 31 Dec 1969 16:00:00 -0800Amazon Records Record sales After the collapse of HMV, Jessops and Blockbuster in the last month, Amazon, one of the online retailers widely considered to have taken over a large part of the market these companies operated in, reported very contrasting results. http://www.financialadvice.co.uk/news/ukeconomy/20130131-Amazon-records-record-sales.htmlWed, 31 Dec 1969 16:00:00 -0800UK GDP Contracts, as Triple-Dip Threatens The UK economy shrank by 0.3pc in the last four months of 2012, making the possibility of entering into recession for the third time since 2007 all the more likely.http://www.financialadvice.co.uk/news/ukeconomy/20130125-uk-gdp-contracts-as-triple-dip-threatens.htmlWed, 31 Dec 1969 16:00:00 -080081pc of over 50’s will stop seeing Financial AdvisorA survey carried out by the TheRetirementCentre.com has revealed that an incredible 81pc of over 50’s say they will no longer be seeking financial advice, as the fee they have to pay upfront is too much.http://www.financialadvice.co.uk/news/ukeconomy/20130122-81pc-of-over-50's-will-stop-seeing-financial-advisor.htmlWed, 31 Dec 1969 16:00:00 -0800Childcare costs rise 6pc in 3 MonthsThe cost of childcare is on the rise, and has gone up by 6pc in the last three months alone, according to childcare website Findababysitter.comhttp://www.financialadvice.co.uk/news/householdbills/20130122-childcare-costs-rise-6pc-in-3-months.htmlWed, 31 Dec 1969 16:00:00 -0800ISA ‘best buy’ Interest Rate drops below 3%Another blow has been dealt to UK savers as the ISA interest rate has fallen below 3pc for the first time since the accounts were launched in 1999http://www.financialadvice.co.uk/news/savings/20130118-isa-best-buy-rate-drops-below-3pc.htmlWed, 31 Dec 1969 16:00:00 -0800Blockbuster follows HMV into AdministrationBlockbuster, another high street entertainment chain has reportedly entered into administration in the same week as competitor HMV.http://www.financialadvice.co.uk/news/ukeconomy/20130116-blockbuster-follows-HMV-into-administration.htmlWed, 31 Dec 1969 16:00:00 -0800One in three Brits rely on Credit Cards for daily buysA recent study from the Post Office has revealed that one in three British credit card users rely on their plastic in order to pay for daily items throughout the month of January. http://www.financialadvice.co.uk/news/creditcards/20130116-one-in-three-brits-rely-on-credit-cards-for-daily-buys.htmlWed, 31 Dec 1969 16:00:00 -0800London homes 5 times more expensiveResearch from Castle Trust has revealed that home buyers in London must save up to 5 times more than those in other areas of the UK for the average deposit on a househttp://www.financialadvice.co.uk/news/property/20130116-london-homes-5-times-more-expensive.htmlWed, 31 Dec 1969 16:00:00 -0800HMV goes into AdministrationHigh street music chain HMV has called in the administrators after months of financial uncertainty have finally come to a head.http://www.financialadvice.co.uk/news/ukeconomy/20130115-hmv-goes-into-administration.htmlWed, 31 Dec 1969 16:00:00 -0800EU Gender Directive hits Pension AnnuitiesOn the 21st December an EU ruling was passed meaning that there would be equality across the board when dealing with gender and pricing for insurance products. http://www.financialadvice.co.uk/news/pensions/20130110-eu-gender-directive-hits-pension-annuities.htmlWed, 31 Dec 1969 16:00:00 -08002m new Cars sold in 20122012 saw sales of new cars in the UK peak at an 11 year high, as motorists swapped old cars in need of expensive repairs for newer, more reliable alternatives.http://www.financialadvice.co.uk/news/ukeconomy/20130109-2m-new-cars-sold-in-2012.htmlWed, 31 Dec 1969 16:00:00 -08001 in 4 between 65 and 74 still WorkA quarter of pensioners between the ages of 65 and 74 in the UK are continuing to take a wage, despite passing the retirement age.http://www.financialadvice.co.uk/news/pensions/20130108-1-in-4-between-65-and-74-still-work.htmlWed, 31 Dec 1969 16:00:00 -0800Wages set to rise at the same rate as benefitsThe work and pensions secretary, Iain Duncan Smith believes benefits should no longer automatically increase at the same rate as inflation. He stated that it is unreasonable for wages to rise at a slower rate than benefits.http://www.financialadvice.co.uk/news/ukeconomy/20130104-wages-set-to-rise-at-same-rate-as-benefits.htmlWed, 31 Dec 1969 16:00:00 -0800'D for Debt Day' set to be Monday 14th JanuaryThe days of strong arm tactics to collect debts may be drawing to a close as creditors seek new ways to get paid out. While the number of orders for assets to be sold, or County Court Judgements fell by over 20% in 2011, the number of applications for debtor’s earnings to be docked at source rose by 15%, to over 60,000. http://www.financialadvice.co.uk/news/householdbills/20130104-D-for-Debt-Day-set-to-be-Monday-14th-January.htmlWed, 31 Dec 1969 16:00:00 -0800A New Year – A New motivation to SaveYou would be forgiven for thinking that giving up chocolate or quitting smoking would be the top of people’s New Year’s resolutions list; however an independent study has revealed that people are most concerned with reading more and saving moneyhttp://www.financialadvice.co.uk/news/savings/20130102-a-new-year-a-new-motivation-to-save.htmlWed, 31 Dec 1969 16:00:00 -0800Dundee City Council say no to Pay-day loansIn an attempt to eliminate the risk of people getting into increased levels of debt over the Christmas period, Dundee City Council have blocked access to pay-day loan websites. The authorities IT department has been instructed to disable access to such websites on council computers. http://www.financialadvice.co.uk/news/loans/20121221-dundee-city-council-say-no-to-pay-day-loans.htmlWed, 31 Dec 1969 16:00:00 -08000.9pc growth in Q3 for UK economyAccording to officials, the UK economy saw a 0.9% growth in the third quarter of this year. This figure fell just short of the 1% that had been previously estimated. http://www.financialadvice.co.uk/news/ukeconomy/20121221-0.9pc-growth-in-q3-for-uk-economy.htmlWed, 31 Dec 1969 16:00:00 -0800EU Gender Directive: Have you heard about it?The EU Gender Directive relates to a ruling across the EU for equal treatment between men and women, which means that providers will no longer be able to price insurance and annuities on the basis of gender. http://www.financialadvice.co.uk/news/insurance/20121220-eu-gender-directive.htmlWed, 31 Dec 1969 16:00:00 -0800Insurance premiums no longer varied according to genderA European court of justice ruling, made in 2011, means insurance companies will no longer be able to vary premiums according to gender. The change will come into force on the 21st December 2012. Some insurers have not yet declared how much they plan to charge in the future but in most cases this will mean that women will be paying higher premiums than they currently do. http://www.financialadvice.co.uk/news/insurance/20121218-insurance-premiums-no-longer-varied-according-to-gender.htmlWed, 31 Dec 1969 16:00:00 -0800£136 million a year on missed calls to HMRC, at taxpayers’ expense.Last year £136 million of taxpayer’s money was spent on delayed or unanswered calls to the HM Revenue and Customs. The National Audit Office (NAO) reported that delays cost customers £33m in call charges while they waited for HMRC to answer the phone and the estimated value of customer time while they waited was £103m.http://www.financialadvice.co.uk/news/tax/20121218-136-million-a-year-on-missed-calls-to-hmrc-at-taxpayers-expense.htmlWed, 31 Dec 1969 16:00:00 -0800UK Sterling notes may be replaced by plastic cashAustralia introduced the concept over a decade ago and a number of countries like Romania, Vietnam, Mexico and Malaysia, have followed suit. It now looks as though the UK could to turn to polymer based bank notes to replace the current paper ones.http://www.financialadvice.co.uk/news/ukeconomy/20121218-uk-sterling-notes-may-be-replaced-by-plastic-cash.htmlWed, 31 Dec 1969 16:00:00 -0800UK Inflation remains constant in NovemberOfficial data has shown that there was no change in UK consumer prices inflation last month as it remains at 2.7%. According the Office for National Statistics; Cereals, fruit, bread and energy bills saw the most rapid increase in prices, whilst petrol prices fell 3p a litre to £1.35 and diesel dropped 1.5p to £1.42 a litre. Carpets, beer and plane ticket prices also saw a decrease in November from October.http://www.financialadvice.co.uk/news/ukeconomy/20121218-uk-inflation-remains-constant-in-november.htmlWed, 31 Dec 1969 16:00:00 -0800Insurer’s urge Consumers to hide Christmas GiftsThe Association of British Insurers (ABI) has urged Christmas shoppers to hide gifts in the run up to the festive periodhttp://www.financialadvice.co.uk/news/insurance/20121211-insurers-urge-consumers-to-hide-christmas-gifts.htmlWed, 31 Dec 1969 16:00:00 -0800The Autumn Statement – how does it affect you?The Chancellor, George Osbourne, today gave the annual autumn statement highlighting a wide range of economic issues, and we look at how these could affect youhttp://www.financialadvice.co.uk/news/ukeconomy/20121205-the-autumn-statement-how-does-it-affect-you.htmlWed, 31 Dec 1969 16:00:00 -0800Funding for Lending – Mortgage Approvals on the RiseThere is a positive outlook with regards to the housing market, as British mortgage approvals hit a record high since January, according to figures released by the Bank of England (BoE).http://www.financialadvice.co.uk/news/mortgages/20121129-funding-for-lending-mortgage-approvals-on-the-rise.htmlWed, 31 Dec 1969 16:00:00 -0800Comet Staff face losing Job before ChristmasThere were not many organisations across the UK that didn’t feel the full effects of the double-dip recession, but Comet, one of the biggest electrical retailers in Britain, are in a class of companies that failed to emerge from the downturn intact.http://www.financialadvice.co.uk/news/ukeconomy/20121128-comet-staff-face-losing-job-before-Christmas.htmlWed, 31 Dec 1969 16:00:00 -0800Millions of Lloyds Customers to be transferred to ‘TSB’ BankMillions of customers of high street Bank, Lloyds TSB, will soon receive a notice detailing a change in their banking details, as the license behind their account is transferred to Lloyds TSB Scotlandhttp://www.financialadvice.co.uk/news/bankaccounts/20121127-millions-of-lloyds-customers-to-be-transferred-to-tsb-bank.htmlWed, 31 Dec 1969 16:00:00 -0800Rising Bank Penalties causes concern over Consumer AwarenessCustomers of banks within the UK have seen a sharp rise in the amount they are paying out in penalties for accidental mistakeshttp://www.financialadvice.co.uk/news/bankaccounts/20121119-rising-bank-penalties-cause-concern-over-consumer-awareness.htmlWed, 31 Dec 1969 16:00:00 -0800Cashback Cards – Earn up to £130 per YearResearch from Defaqto has revealed that consumers who spend over £500 per month on a credit card could be in line get earn up to £131 a year back in cashback.http://www.financialadvice.co.uk/news/creditcards/2012/11/13-cashback-cards-earn-up-to-130-pounds-per-year.htmlWed, 31 Dec 1969 16:00:00 -0800Hitachi Nuclear deal ‘could create 12,000 UK Jobs’A deal by Japanese firm, Hitachi, which has secured the nuclear project ‘Horizon’ at a cost of £700m, will create as many as 12,000 jobs within the UK.http://www.financialadvice.co.uk/news/ukeconomy/2012/10/30-hitachi-nuclear-deal-could-create-12000-uk-jobs.htmlWed, 31 Dec 1969 16:00:00 -0800Pensions suffer again, as Annuities continue to fallPension annuity rates, the amount you are paid as a regular income once you retire, have fallen again, in the biggest drop since 2002.http://www.financialadvice.co.uk/news/pensions/2012/10/30-pensions-suffer-again-as-annuities-continue-to-fall.htmlWed, 31 Dec 1969 16:00:00 -0800EDF is latest Energy Company to hike PricesEDF Energy has become the latest in a long line of providers to hike their energy prices, after moves by British Gas, SSE, Scottish Power and npower to do the same in the past month.http://www.financialadvice.co.uk/news/householdbills/20121029-edf-is-latest-energy-company-to-hike-prices.htmlWed, 31 Dec 1969 16:00:00 -0800More Calls for Transfer of CTF’s to Junior ISA’sThere have been fresh calls for the Government to consider allowing children who hold Child Trust Fund (CTF) accounts to be allowed to transfer their plan to a Junior ISA (JISAhttp://www.financialadvice.co.uk/news/savings/20120829-more-calls-to-transfer-from-ctf-to-jisa.htmlWed, 31 Dec 1969 16:00:00 -0800The Recession is over, as UK GDP risesThe Office for National Statistics (ONS) has revealed that the UK double-dip recession is officially over, after the economy grew by 1pc in the third quarter leading to September.http://www.financialadvice.co.uk/news/ukeconomy/20121025-the-recession-is-over-as-gdp-rises.htmlWed, 31 Dec 1969 16:00:00 -0800British Gas raises Prices by 6pcBritish Gas has announced that it will raise the prices of gas and electricity by 6pc in a move to cover rising costs, said to be largely outside of the companies’ controlhttp://www.financialadvice.co.uk/news/householdbills/20130227-british-gas-raises-prices-by-6-percent.htmlWed, 31 Dec 1969 16:00:00 -0800Economy Shrinks since Coalition TakeoverThe UK economy is confirmed to have shrunk since the coalition Government took office two years ago. http://www.financialadvice.co.uk/news/ukeconomy/20120725-economy-shrinks-since-coalition-takeover.htmlWed, 31 Dec 1969 16:00:00 -0800UK economy could take two years to recoverDespite only yesterday suggesting that the UK economy was well on the way to recovery, the Bank of England has backtracked slightly with a suggestion that pre-credit crunch levels will not be reached until 2011 at the earliesthttp://www.financialadvice.co.uk/news/12/ukeconomy/12691/uk-economy-could-take-two-years-to-recover.htmlWed, 31 Dec 1969 16:00:00 -0800