Financial News Archive

Below is an archive of UK financial news stories covering insurance, loans, mortgages, credit cards, pensions, investments and property. 

• As gulf between best and worst annuities widens, it has never been more important to shop around  19/10/2010

  "Unfortunately, there is a common misconception that comparing annuities and switching providers is complicated – it's not," he said.
  "By using a no obligation annuity comparison service like ours, annuitants could increase their retirement income by as much as 30%. Our message is simple – don't just settle for the first quote, shop around and see how much more you could get." more 

• Investment firms sign up to stewardship code  19/10/2010

  A new code setting-out principles for how investors maintain active involvement with companies they invest in, and report their activtives, has received support from 48 asset managers. more 

• NatWest and RBS mortgage rates cut by up to 0.50%  19/10/2010

  RBS and NatWest are cutting the cost of their mortgages and have launched two new remortgage deals. more 

• ISA allowance increase confirmed ahead of the spending review  18/10/2010

  The government has confirmed that the ISA allowance will go up in line with inflation from April 2011, as it prepares for the Comprehensive Spending Review outlining how it will reduce the public sector deficit. more 

• Pensions should be on savers’ agenda before 2012  18/10/2010

  Investment managers Fidelity are urging people to consider saving for retirement now, rather than wait until 2012 when auto-enrolment for workplace schemes is likely to be introduced. more 

• Annuity rates see further falls  18/10/2010

  Annuity index says rate being paid by providers continues to fall, with an annual fall of almost seven per cent from June 2009 to June 2010. more 

• Investors see stocks and shares as better bet than housing market  18/10/2010

  High net worth investors, surveyed by the AIC, are increasingly confident about the prospects for growth in equities. more 

• Credit card changes proposed  17/10/2010

  The coalition government is consulting on proposals to reform the regulation of the credit card and personal insolvency regimes. more 

• Pension should be priority for high earners before changes to tax relief  16/10/2010

  Higher earners should make the most of their pension contributions before changes to tax relief rules, says NFU Mutual. more 

• Buy-to-let mortgages 'going strong'  15/10/2010

  Buy-to-let mortgages accounted for nearly 20% of lending through intermediaries in Q3, says Paragon. more 

• Charities concerned about the funding outlook  15/10/2010

  The majority of charity trustees survery by asset managers Rathbones said they were concerned about the outlook for their finances. more 

• Investment advisers see slim chance of a return to recession  15/10/2010

  Schroders clients agree with the firm that a return to recession for Europe is unlikely, with predictions that inflation will rise over the longer term. more 

• Pensions tax relief restricted  14/10/2010
• Lloyds announces further job cuts  14/10/2010

  Lloyds Banking Group announced yesterday that it would cutting 4,500 jobs in its IT operations, prompting angry reactions from trade unions. more 

• SIPPs offer a solution for pension problems, providers say  14/10/2010

  SIPP providers say that the flexible pension schemes allow consolidation and do not necessarily lead to higher charges. more 

• Investment funds looking for value in larger UK companies  13/10/2010

  A credit rating agency's review of UK fund managers shows some are moving away from medium-capital sized firms, but no consensus on the issue as other highly rated manager maintain or increase their positions in UK firms outside of the FTSE 100. more 

• House prices only source of optimism for consumers  13/10/2010

  Consumer confidence indices from the building society Nationwide show growing pessimism amongst consumers about the economic outlook. more 

• Savings wouldn't provide a 'safety net' for millions  13/10/2010

  A survey for the bank HSBC shows 15million Britons have as little as £250 saved-up for emergencies. more 

• Remortgaging still going out of fashion as rates remain low  13/10/2010

  Remortgaging continued to fall in August, hitting its lowest proportion for 10 years while borrowers sit on variable rates. more 

• Emerging markets equities set to trade at a 'premium' says Barings  12/10/2010

  Emerging markets like Brazil set continue to outperform those in developed economies. more 

• Inflation stuck over 3%  12/10/2010

  More pressure on monetary policy as inflation remains more than one per cent over the Bank of England target of two per cent. more 

• Saving is higher priority for single savers than couples  12/10/2010

  Singletons save more than couples who live together, says NS&I. more 

• Pet insurance cancellation 'false economy' with 115% rise in cost of claims  12/10/2010

  Pet owners who are cancelling cover to save money could end up even more out of pocket, says NFU Mutual. more 

• Pension income could dry up for unprepared couples  11/10/2010

  Prudential has warned that half of working couples aged 40plus have no pension provision in place in the event that one of them dies. more 

• Buy-to-let is hot property before prices start to rise  11/10/2010

  Buy-to-let mortgage lending might rise if expert predictions that demand is going to surpass supply are correct. more 

• Retirement funding top of financial advice enquiries  10/10/2010

  Pension and general retirement advice were the most sought for forms of independent financial advice in September. more 

• Oil and gas shares popular with retail investors  09/10/2010

  Retail stock investors focused on oil and gas explorers during the week ending on 7 October, the stockbroker TD Waterhouse has said. more 

• Public sector pension reform plans welcomed by industry specialists  08/10/2010

  Critical reactions from trade unions, but broad report from business and industry specialist as John Hutton publishes his interim report on reforming public sector pensions. more 

• Current accounts 'not intended for people's savings' despite high interest rates  08/10/2010

  Some current accounts are paying up to 5% but they should not be seen as a savings vehicle, says the BBA. more 

• UK economic ‘depression’ continuing  08/10/2010

  Economic forecasts unlikely to inspire market confidence as UK economic growth is predicted to slow into the latter part of 2010. more 

• F&C strategy director says US economic data is not a disaster for equities  08/10/2010

  Data on US employment shouldn't prompt fright in the equities market, an asset management firm has said. more 

• House prices fall 3.6% in September  07/10/2010

  House prices fell 3.6% in September, the Halifax House Price Index shows. more 

• Bank keeps interest rates at 0.5 per cent  07/10/2010

  For one of the longest ever unbroken runs for the Bank Rate, the Bank of England has kept interest rates at 0.5 per cent for the 19th consecutive month. more 

• Barclays cuts Woolwich mortgage rates to celebrate £100b lending milestone  07/10/2010

  Woolwich mortgage rates are being cut after Barclays lending reached £100billion. more 

• Equity release could rescue pension pots depleted by rise in interest rates  07/10/2010

  Pension savings hit by a rise in interest rates could be boosted with equity release, says LV=. more 

• Halifax: ISA interest of £49million could be lost if savers don't act  06/10/2010

  Savers could miss out on £49million in ISA interest by not making the most of their tax-free savings allowance, warns Halifax. more 

• Buy-to-let mortgages on the up as first-time landlords boost lending  06/10/2010

  New landlords are boosting buy-to-let mortgage lending, industry experts have found. more 

• Savings accounts more popular with Scottish men than women, bank says  05/10/2010

  Bank of Scotland, part of the Lloyds Banking Group, has carried out a survey into attitudes to saving in Scotland. more 

• Bank bonuses: More to go to the tax man than bankers  05/10/2010

  An economic think-tank and commentator has published research estimating that more of the bank bonus pot will be paid to the tax man than ever in 2010. more 

• NatWest and RBS bring new remortgage deal to the market  05/10/2010

  RBS and NatWest have launched a new fixed rate remortgage deal at 2.75%. more 

• Barclays' new bond offers competitive savings rate  05/10/2010

  A two year fixed rate bond from Barclays has been launched, paying 3% AER on deposits of £500 or more. more 

• ISAs: Investors urged to maximise tax-free savings allowance  04/10/2010

  ISA sales have shot up following the increases in the tax-free allowances, but an investment manager has called on investors to maximimise their allowances early. more 

• Post Office launches new tracker and fixed rate mortgages  04/10/2010

  The Post Office has cut the cost of some of its mortgages, including fixed rate, tracker, and buy to let deals. more 

• Child savings accounts back on the agenda  04/10/2010

  Prospects grow for some form of replacement to the Child Trust Fund after Treasury launches a consultation on encouraging a savings culture for children. more 

• Emerging markets: Invesco Perpetual expects more of the same for Brazil  03/10/2010

  The Brazilian economy has enjoyed impressive growth in recent years with an eight per cent growth rate predicted for 2010; an investment management firm has said it remains positive on the outlook for the country following the election of a new president. more 

• Car breakdown cover doesn't always include filling up at the wrong pump  02/10/2010

  23% of car breakdown policies do not offer cover for filliing up with the wrong fuel. more 

• Santander mortgage rates cut again  01/10/2010

  Santander mortgages has cut some of its fixed rates and introduced a new tracker deal. more 

• Equity release will substitute pension for retiring generation  01/10/2010

  Over 50s intend to sell up or use equity release to fund their retirement and boost their pension income. more 

• Gold shares are in demand as retail traders buy mining stocks  01/10/2010

  The stockbroker TD Waterhouse said the AIM-listed mining firm Solomon Gold was the most popular stock amongst its retail trading customers in the week to 30 September. more 

• Banking complaints process to be overhauled  30/09/2010

  The way banks deal with customer complaints will be reformed under proposals outlined by the FSA, as it published data showing complaints to bank and building societies in the first six months of 2010. more 

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