Banking
OFT warns consumers of misleading IVA mailings
The OFT is warning consumers to be careful before responding to unsolicited mailings which advise them to cancel existing individual voluntary arrangements (IVAs) and which suggest they opt for an alternative debt management solution such as bankruptcy instead.
moneysupermarket.com: Findings on PPI
Commenting on the Competition Commission's findings into PPI, Stuart Glendinning, managing director of price comparison site, moneysupermarket.com, said: "You reap what you sow.
Competition Commission proposals need careful consideration
It is important that customers do not find themselves short of valuable protection and so new proposals on the selling of Payment Protection Insurance (PPI) must be considered carefully, the British Bankers' Association (BBA) said today.
UK interest rates held at 5%
The Bank of England's Monetary Policy Committee today voted to maintain interest rates at 5.0%.
Consumer Panel response to Competition Commission on PPI
In response to the report from the Competition Commission on PPI (Payment Protection Insurance) the new Chairman of the Financial Services Consumer Panel, David Lipsey, a crossbench peer, said: "PPI, both products and sales, has been a source of inexcusable scandals for too long.
ABI: Competition Commission's findings on PPI
Commenting on publication of the Competition Commission's latest report on Payment Protection Insurance (PPI), Nick Starling, the ABI's Director of General Insurance and Health, said: "We acknowledge that there have been problems in the PPI market and we have done a lot to change that; these changes now need time to bed in.
Consumers overcharged for PPI
Companies face little or no competition when selling Payment Protection Insurance (PPI) to their credit customers and as a result customers appear to be overcharged by over £1.4 billion a year, the Competition Commission (CC) has said in its provisional findings report into the sale of PPI in the UK.
Abbey International Instant Access Savings account offers 5.80%
Abbey International is maintaining its strategy of premium pricing the top tier of its Instant Access Savings account, despite the recent cuts in UK Base Rate.
Alliance & Leicester enters the contractor's market
Alliance & Leicester Commercial Bank has announced the launch of a new partnership with Professional Passport to help Contractors make the most of their funds.
Nationwide welcomes FSA's 'What About Money' website
Maxine Taylor, corporate affairs director at Nationwide Building Society, comments on the launch of the Financial Services Authority's new website, 'What About Money' which provides personal finance advice to young adults.
M&S Travel Money advertising campaign starring Myleene Klass
M&S Travel Money will be in the spotlight from this week, with a major new advertising campaign, starring Myleene Klass, airing for the first time on Wednesday 4th June.
Brits in the dark about level of debt
As a nation, we're in the dark about our finances, according to new research released by CreditExpert.co.uk.
FSA launches money website for young adults
The Financial Services Authority (FSA) has today launched a new website designed to be a one-stop-money-information-shop for young adults and forms part of the watchdog's National Strategy for Financial Capability.
Last-minute foreign exchanges could cost you dear
Almost 9.5 million UK adults heading abroad for the summer sun will throw money away by waiting until they get to the airport or even their destination, before arranging their foreign exchange, according to Sainsbury's Travel Money, provided in conjunction with Travelex.
Abbey launches Issue 8 Base Rate Tracker Term Account
Abbey International has launched Issue 8 of its Base Rate Tracker Term Account as part of its range of deposit accounts offering consistent and competitive rates of interest offering savers rates of up to 5.30% gross/AER, one of the highest rates available from a leading offshore bank.