I bought a whole-of-life insurance plan for me and my wife in 1983 to cover our eventual funeral costs. The plan, with Abbey Life, originally promised to pay £10,896 for a premium of £18.15 a month. In 2000, the sum assured was cut to £5,551 and now has been reduced to £4,485. What has gone [...]
The recommendations to introduce a national register, which would require annual registration for each property and its unique number to be used on tenancy agreements, will not drive out rogue landlords, says the NLA. It argues that while the Government had suggested a light touch-no hurdles scheme, the current plans did not fit [...]
A study by the Trades Union Congress says those on 'middle incomes' have lost out over 30 years, compared with better-off professionals, and they now fear losing their jobs and homes.
The report into workers in the median income bracket revealed that their annual pay was between £15,000 and £22,400, with the exact median at [...]
The Nationwide yesterday accused state- owned Northern Rock and National Savings and Investment of distorting the market for deposits.
The mortgage giant also slammed the government for ordering stronger institutions to shoulder the lion's share of the cost of compensating victims of failed banks.
The 'aggressive' tactics employed by Northern Rock and NS&I had effectively squeezed [...]
Many policies are delivering less than half the growth of strong insurance funds, leaving investors tens of thousands of pounds out of pocket.
Some will see no profit on their money despite saving for 10 years or more.
Yet these insurers continue to rake in charges and commission knowing investors are trapped by [...]
The pre-tax profits of Nationwide for the year to April 4 were down 69% at £212m as provisions for bad debts rose to £394m.
It also took a £241m hit from its levy paid into the Treasury's Financial Services Compensation Scheme (FSCS), one of the societies worst hit by the new bill.
Nationwide said this system [...]
The amount borrowed through such hire purchase agreements soared to £ 231m in March, up by 24% compared with a year ago. But experts are warning consumers of the dangers of being tempted into deals they may not be able to afford in the coming months.
Increasing numbers of High Street retailers are also offering [...]
Blanchflower, who recently announced his intention to quit the Bank of England Monetary Policy Committee, said 100,000 people will lose their job each month 'at least until the end of the year'.
It follows the largest ever monthly rise in the British jobless figure, he said. The Office of National Statistcs last week said [...]
Popular items across the country sold out quickly and customers were left with only a fizzy drink and sweets to choose from before everything sold out entirely. They were frilly, of course, and just this side of sexy. The leopard print pattern was trimmed with imitation lace and [...]
Finding a cheap debt consolidation loan can quite tough at times, especially in the present market. It seems like there are lots of debt consolidation companies offering loans to the borrowers and finding a right company may be quite difficult. You may do an internet search on different debt consolidation loan companies that can help [...]
© 2008 Daily Financial News