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Gender directive could slash men’s annuity payouts 22 Dec 2012 | 12:28 am
The EU Gender Directive, which came into force today, could see men losing up to £10,000 from their annuity payouts, according to research by PricewaterhouseCoopers. Under the new rules insurers are n...
Home rental costs down in November 21 Dec 2012 | 06:14 pm
The cost of renting a house in England and Wales fell by 0.4 per cent in November, its first dip since March, according to a survey by LSL Property Services. Average rent was £741m during the month, r...
Lloyds TSB halts sale of packaged accounts in branches 21 Dec 2012 | 12:48 am
Lloyds TSB will stop selling packaged account in its branches from 1 January 2013, until its sales procedures are brought into line with those operated by sister bank The Halifax. Lloyds TSB is one of...
Housing market recovery to continue next year 20 Dec 2012 | 07:59 pm
Recent improvements in the housing market should continue into next year, according to the Council of Mortgage Lenders (CML) Gross lending is estimated to have increased to £12.9 billion in November, ...
Newcastle Building Society exits interest-only mortgages 20 Dec 2012 | 12:33 am
Newcastle Building Society has stopped offering interest-only mortgages to new borrowers, following the lead of the Royal Bank of Scotland, Nationwide, Co-operative bank and Coventry Building Society....
Less than half of Brits considered creditworthy 19 Dec 2012 | 07:42 pm
Fifty-seven per cent of UK adults are at risk of having an application for credit turned down by a mainstream lender according to a new report. The ‘Mind the Credit Gap‘ report commissioned by aqua cr...
Monthly incomes £22 lower in 2012 18 Dec 2012 | 10:34 pm
The average monthly income of UK households fell by £22 in real terms compared with last year, according to a survey carried out for the Bank of England (BoE) by NMG Consulting. People on lower income...
Savers dig deep to fund Christmas 18 Dec 2012 | 03:56 pm
New research from the Halifax suggests that savers are funding their Christmas spending with money set aside for other purposes. Thirty-seven per cent of 2,138 savers surveyed by the bank at the end o...
Financial data at risk from unsafe passwords 18 Dec 2012 | 12:38 am
According to a survey by the Payments Council the problem of having to remember a different password for several accounts means that many internet users are compromising the security of their financia...
Wonga launches Paylater loans on retailer website 17 Dec 2012 | 09:50 pm
Payday loan company Wonga has launched a new Paylater service on furniture firm Cotswold Company’s website. The service, which allows customers to “buy now, pay later” will be introduced on other reta...
