Money Links For 20th Sep 2006

  • UK saving levels increase
    The UK’s savings pot grew to its highest level since 2000 in the second quarter of this year, as Britons continue to stash away their earnings.
  • Advisers see demand for inventive schemes
    New A-day rules have made it easier for those interested in winding down their working hours or changing careers in order to stave off a mid-life crisis to do so.
  • Websites log on to the power of private sales
    Large numbers of property sellers are abandoning the traditional services provided by estate agents and marketing their homes directly to house hunters via a growing number of private websites.
  • FSA to distribute warnings to shareholders about boiler room scams
    UK shareholders will receive warning leaflets in the post from next month as part of a targeted campaign to clamp down on bogus stockbroking firms pushing shares that are either worthless or non-existent.
  • Insurers adopt a more understanding bedside manner
    The rapid rise in the number of individuals suffering chronic conditions coupled with falling demand for expensive medical insurance means that some of the biggest insurers are not so quick to rule out individuals with illnesses.
  • NU hopes to end price war with hike in car premiums
    Britain’s motorists are likely to see a sharp rise in the cost of their car insurance after Norwich Union, the market’s second-largest provider, raised its rates by as much as 40 per cent.
  • Retailers now give customers a worse deal
    Many electrical retailers have raised the premiums on extended warranty insurance, despite the introduction last year of much tougher rules on this form of cover.
  • All roads lead online if you keep it simple
    Taxpayers have just three weeks to complete their tax returns by the September 30 deadline although they can delay until the end of January if they are prepared to go online.
  • Message to save early and save often falls on deaf ears
    Pension providers have long been lamenting the fact that individuals are not saving enough to support the lifestyles they want in retirement. But how many individuals – especially those in their 20s and 30s – are actually sitting up and taking notice?
  • Payment protection comes under FSA spotlight
    Some companies offering payment protection insurance could have their rights to sell this cover revoked next month when the Financial Services Authority issues its update on the PPI market.
  • Don’t miss the boat on this homebuying boom
    Living on a river boat might seem the preserve of bohemians or nature lovers but a growing number of city dwellers are trading brick walls for barges.
  • How landlords can avoid that 3am call
    The marketing blurb for one company’s landlord insurance policy reads: "3am. Who do they call? Don’t let it be you."
  • Well-heeled tread a path to the pawn shop
    Pawnbroking is really borrowing money from yourself. Or at least, that’s what the National Pawnbrokers Association says.
  • Stellar performance that could become dimmer
    A survey by Hotbed, a private equity investor network, suggests private banks have doubled their suggested allocation to private equity in private client portfolios to 10 per cent over the past three years.
  • Customers can click on advice beyond compare
    Comparison websites, internet-based supermarkets that collate and compare the prices of a range of products from mortgages to credit cards, are changing the face of the financial markets.
  • Sipps to be hit by new way of valuing shareholdings
    A change in the way pension providers are required to calculate the value of shares in their clients’ portfolios will lead to delays and additional costs for no obvious benefit, according to a leading provider of personal pension schemes.
  • Torquil Clark Holdings Plc
    Your Lifetime Financial Group – Investments, Mortgages, Life Insurance and Financial Advice.


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