The OFT (Office of Fair Trading) has started proceedings in the High Court for a declaration on the application of the law in respect of unauthorised overdraft charges.
Tens of thousands of complaints that these charges are unfair, have been received by the County Courts and the Financial Ombudsman Service. But the banks don’t accept that […]

Popularity: 14% [?]

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Latest housing market data (July) from the Department of Communities and Local Government shows prices edging higher - the mix-adjusted average house price in the UK standing at £218,479, up from £214,222 in June (not seasonally adjusted).
UK annual house price inflation in July was 12.4%, up from 12.1% in June. In London annual house price […]

Popularity: 17% [?]

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The power of social networking has been graphically demonstrated by the climbdown by HSBC over its decision to scrap interest-free overdrafts for graduates. A ‘virtual’ protest, “Stop the Great HSBC Graduate Rip-Off”, organised by the National Union of Students on the Facebook website, calling on students and graduates to boycott HSBC, had attracted nearly 5,000 […]

Popularity: 13% [?]

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In the wake of the Northern Rock debacle, the Chancellor - Alistair Darling - is considering a wide range of financial reform measures, including guaranteeing people’s savings held in a bank or building society up to £100,000.
In an interview with The Times Darling said he was looking in particular at America’s FDIC scheme, which protects […]

Popularity: 14% [?]

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Responding to the House of Lords Science and Technology Committee report into being safe online, money transmission facilitator PayPal - through spokesperson Cristina Hoole - says that the security of people who use the Internet and shop online must become a top priority, not just for the Government but also software vendors, if the ongoing […]

Popularity: 58% [?]

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Just released figures (for 2006) from APACS, the UK payments association, reveal that in the past 5 years the greatest proportion of new internet banking users has been in the over-55 age group. Stats show the number of adults in the UK using online banking increasing by 174% from 6.2 million in 2001 to 17.0 […]

Popularity: 23% [?]

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Savvy thirty and forty-something homeowners are staying put rather than upping sticks according to a new survey. The cost and hassle is putting off three quarters from moving, three out of five want to stay in the same area and a third believe they can add more value to their property by doing it up. […]

Popularity: 16% [?]

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Research from the Association of Investment Companies (AIC) shows potential investors are more deterred from stock market investment because of a lack of understanding, rather than fear of the risks involved, despite the recent global stock market turbulence.
The AIC surveyed 2,110 adults in June 2007 and 2,230 adults again in September 2007, and found only […]

Popularity: 16% [?]

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Falling gas and electricity prices earlier in 2007 have made a significant difference to the bills many people are facing. Most suppliers (with the exception of EDF Energy, the main supplier to London) lowered their gas and electricity prices to their customers in the first half of this year.

Popularity: 15% [?]

Popularity: 15% [?]

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Research from insurance outfit, NFU Mutual, reveals that 23% of people have never reviewed their level of home contents cover. And with an increase in the number of households having plasma screen televisions and state of the art electronic equipment, this could mean that some households are in fact now under insured.
Popularity: 35% [?]

Popularity: 35% [?]

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