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Defaqto: BoE decision is ‘bad news for savers’
Thursday, February 4th, 2010
The decision to maintain interest rates at 0.5 per cent, announced earlier today (February 4th) by the Bank of England's Monetary Policy Committee, is "bad news for Britain's hard pressed savers".This is the view of financial information provider Defaqto, which said the move will be a "severe blow" to the ... read more
Regulator to hold governance events
Wednesday, February 3rd, 2010
The Pensions Regulator has announced details of three special events intended to provide scheme organisers with advice on how best to govern their products.Workshops will be held in London, Manchester and Nottingham to "emphasise the importance of securing good governance through having the right people and processes".The poor handling of ... read more
uSwitch: Ofgem report underestimates price rises
Wednesday, February 3rd, 2010
Price comparison website uSwitch.com has warned that annual energy bills could cost almost £5,000 per year by the end of the decade.The organisation has warned that current price trends and an increased amount to investment in renewable energy will see prices rocket over the next ten years.This warning follows the ... read more
AA staff could strike over pension changes
Wednesday, February 3rd, 2010
Staff at motor recovery company AA could walk out in protest over proposals to amend the firm's pension scheme.Thousands of workers are being balloted to decide if they should stage the first strike in the company's 105-year history.Paul Maloney, national officer of GMB, the union handling the ballot, said: "The ... read more
UK debt increases to almost £1,500 billion
Tuesday, February 2nd, 2010
The average UK household is £9,000 in debt, according to independent charity Credit Action.A new report from the organisation has revealed that the average household debt, not including mortgages, now stands at £9,000, a figure which increases to almost £19,000 when unsecured loans are taken into account.The report also revealed ... read more
Schemes falling short of pension regulations
Tuesday, February 2nd, 2010
Less than 20 per cent of the UK's pension schemes have made checks to ensure they have all the "fundamental common data" required by the Pensions Regulator's common data scheme.The revelation comes as the organisation published a consultation on member records, which urged schemes to put in improved performances.Under the ... read more
Winter bills hike will mean ‘hefty statements’
Monday, February 1st, 2010
UK households are in for "record high" energy bills following the coldest winter in 30 years, one price comparison website has warned.Recently-published figures from moneysupermarket.com have revealed that the average winter fuel bill for 2009-10 will be £616.This compares to an average cost of £217 just six years ago.According to ... read more
UK families ‘wasting’ more than £2k per year
Monday, February 1st, 2010
A number of households in the UK are overpaying their bills by £2,650 per year as a result of poor finance management, it has been claimed.A datamonitor study, commissioned by new website allfiled.com, has revealed that just five per cent of UK families use a specific system to manage their ... read more
Recession increased stress levels
Monday, February 1st, 2010
The effects of the recession have lead to an increase in the levels of stress felt by UK residents, according to one health insurer.Research from Aviva UK Health has revealed that stress is one of the most common causes for prolonged work absences.According to the organisation, stress levels have increased ... read more
Nationwide figure confirm price rises
Friday, January 29th, 2010
The average price of UK property is showing "strong signs" of growth in the early part of 2010, according to a new report.Figures from Nationwide's latest house price report have revealed that the average UK property is now worth £163,481.Using official figures from the Land Registry's December data, this represents ... read more
