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HSBC to ‘review’ online security of securing its online banking system after warnings of a possible loophole emerge.
Women ‘must save for retirement’ Ministers are urging women to pay more into private pension schemes to avoid financial hardship.
Borrowers hit after interest base rate rise The Bank of England brought unwelcome news for borrowers this week as it raised base interest rates for the first time in two years.
Revenue clamps down on tax-free cash The Revenue has moved quickly to close a loophole that allowed holders of occupational pension policies to shift large amounts of tax-free cash from their retirement funds.
Moves to quit final salary schemes High-profile collapses of final salary pension schemes and reports about rising deficits are prompting thousands of people to transfer out of final salary pensions from former employers to safeguard retirement assets against a possible collapse of the co
Options still open to minimise IHT In spite of heavy protests from lawyers and accountants, the Finance Act incorporating chancellor Gordon Brown’s new rules on the taxation of trusts has just been given Royal Assent.
If something’s worth doing, then it’s worth doing twice More borrowers are turning to remortgaging â€“ not only to release substantial funds from their properties but also because some lenders are offering deals that better the original loans.
U-turn on Hips leaves the market muddled Home owners and house buyers face confusion over home information packs â€“ or Hips â€“ following this week’s government climbdown on the requirement for the packs to include a formal property survey.
Advisers fall short on long-term care calculations Tens of thousands of elderly people face large shortfalls on their long-term care cover because advisers have underestimated their life expectancy in retirement.
Families’ fees nightmare is likely to be very long-term June Whitworth, from North Somerset, and her family faced a problem familiar to thousands of people across the UK when her 88-year-old father-in-law needed residential care: how to pay for it.
Poor service leaves retirees in limbo Many people approaching retirement are having to wait months for their pension applications to be processed. Life offices are breaching industry guidelines aimed at ensuring their customers get their pensions on time.
Vehicles set to queue for property schemes After months of chaos and confusion following Gordon Brown’s U-turn last December, the first swathe of investors is starting to channel pension funds into residential property through new types of syndicates.
Lenders extend interest-free credit periods It is a rare thing in the current climate for lenders to make their offers more generous. But several banks have recently extended deals on credit card balance transfers.
Avoid going bust on the beach Before you flee the city this summer, take the time to plan your finances to ensure you do not return to late payment charges or surprising shortfalls in your investment portfolio.
Tax threat over lifetime pensions allowance Pension administrators could start deducting tax directly from people’s retirement funds to pay to HM Revenue & Customs if they are unable to contact investors.
‘Sippable’ is now the word for more than just fine wines On their own, wine, coins and holiday homes do not attract the tax perks of pensions. But a crop of funds is available for investors keen to guard these assets in their Sipps.
Ignore the freebies for a good financial education With the start of the next academic year approaching, many new students will be preparing for life away from home â€“ a life likely to be based on record levels of borrowing.
Barclays Home Insurance: Brits are overpaying to insure their homes Thousands of people could be getting a better deal if they switched their home insurance policies, new research has found.
Big-spending Brits like the finer things in life, says Zurich Insurance. British people wear billions of pounds worth of items each day, new research has shown.
New Leeds Building Society Ten-year Fixed Rate Mortgage launched Following the Bank of England’s decision to reduce interest rates Leeds has released a new foxed rate mortgage product.
Norwich Union Insurance: Thousands of Brits leave beach bags unattended Brits could be risking their valuables while on the beach this summer, new research finds.
Leicester Current Account research finds British people value their friends’ advice, particularly when it comes to financial matters, new research has found.
John Charcol Offset Two-year Tracker Mortgage launched A new mortgage product designed for large loans has been introduced by John Charcol.
Woolwich Ten-year Fixed Rate Mortgage launched The recent interest rate rise has prompted Woolwich to launch a new fixed rate mortgage product.
Co-operative Insurance issues green driving advice A list of ten top tips for green driving has been released.
AA Travel Insurance welcomes treasury insurance probe A review of travel insurance has been welcomed by the AA.
Standard Life Pensions: No new car could mean smoother ride through retirement New figures on saving for retirement have been released by Norwich Union.
American Express Insurance offers protection for travel documents A new card defence system has been introduced by American Express.
More parents are borrowing to fund kids education, says Sainsbury’s Bank Personal Loans The number of parents taking out loans to pay for their children’s education has increased, according to new research.
Fidelity International Offshore Funds ongoing commission payments extended Advisors will be paid ongoing commission on offshore funds from Fidelity International.
Mums have a tough time on holiday, says Post Office Travel Insurance Mothers spend much of their holiday time working, new research suggests.
New issue of the Abbey Guaranteed Income Bond launched A popular guaranteed income bond has been reissued by Abbey.
Portman Building Society 60+ One-Year Fixed Income Bond launched A new savings product has been introduced by Portman Building Society.
AA Travel Insurance issues advice for those caught up in the security alert Advice for travellers caught up in the security alert affecting the UK has been issued by AA Travel Insurance.
Co-operative Insurance issues garden theft warning Many homeowners are not properly securing their garden property, Co-operative Insurance has warned.
The Gartmore European Focus Fund benefits from World Cup fever Gartmore cashed in on the football World Cup, it has been revealed.
New rates for the Portman Building Society Two-year Fixed Rate Mortgage product Changes have been made to one of Portman’s fixed rate mortgage offers