Card fraud down in 2006 There has been encouraging news regarding card fraud in the UK as new research shows that instances have fallen five per cent during the first six months of this year compared with the same time period in 2005.
Savings raided to pay for hols It appears that Britons are seeking sunnier climes as a tonic to winter blues, according to new research by Birmingham Midshires.
Bank charge complaints rise Record levels of complaints regarding bank charges have been received by the Financial Ombudsman Service says the independent settler of financial disputes.
52-year Mortgage on offer Mortgages are being offered for a term of at least 40 years by some lenders but Tesco personal finance offers the longest term at 52 years according to Money Expert.
Spending less as bills increase Customers are being forced to alter their spending habits in a bid to address an increase in household bills such as water and energy, according to CreditExpert’s Personal Credit Index.
Cash release schemes may make comeback Home reversion plans, which used to be a popular way for homeowners to release cash from their property, could be set for a comeback as formal regulation of these schemes next April is likely to give them some much-needed respectability.
Bad habits can lead to a healthy income Healthy individuals face shrinking pension incomes as the increased popularity of enhanced annuities, which offer better deals to people likely to die younger, is piling further pressure on to already low standard rates.
UK managers follow US model to offer high returns There is a type of equity fund that is hugely popular in the US but has yet to take off in a big way in the UK. Known as a covered call fund, it combinestraditional equity investments with derivatives to generate higher levels of income.
Buyers flock to spread the cost of a home loan More and more first-time buyers are willing to shelve their differences and share their living space for a more affordable step on to the property ladder. According to lenders, record numbers of 20 and 30-somethings are pooling their funds and taking out
Buffett ends sleepless nights for many Names Warren Buffett’s offer to absolve Lloyd’s Names from future potential liabilities should put an end to decades of uncertainty for many of the 34,000 Names, not least in their inheritance tax planning.
How to make a big hit in one tax year The new pension rules significantly lifted the bar on contribution thresholds. But a small group of high-flying executives and City workers are taking advantage of a loophole that allows them to pay even more into their schemes, at least for one tax year.
Alternative routes when Treasury splits heirs The Treasury’s threatened clamp-down on Alternatively Secured Pensions is leading to a search by pensions savers and their advisers for other ways of obtaining comparable tax breaks.
Negative equity holds no fear for many Graduates and young professionals are increasingly taking out mortgages in excess of the value of their property so they can get on to the housing ladder without having to pay the deposit or moving costs from their own pockets.
Reduced tax perks puncture investor demand The season to invest in new shares of venture capital trusts is almost upon us. However, demand for these tax-privileged investment funds is likely to slump this winter because of a reduction in their tax perks, a survey by a top tax advisory group indica
Parents will be able to roll Child Trust Funds into Isas Parents will be able to start building up Individual Savings Accounts (Isas) for their children from birth following an announcement by the government this week that it will soon be possible to roll Child Trust Fund accounts into Isas.