Personal finance news
Internet friends or foes?
A third of people who use social networking sites are putting themselves at risk of identity theft, an insurer has warned.
Last updated 29 October 2010
Published by http://www.cumberlandnews.co.uk
Rising costs start to bite
The amount of disposable income families had fell for the ninth consecutive month during September, research has found.
Last updated 29 October 2010
Published by http://www.cumberlandnews.co.uk
Arts and antiques: alternative homes for cash
More people think house prices will fall during the coming year than those who think they will rise.
Last updated 29 October 2010
Published by http://www.cumberlandnews.co.uk
The other side of the coin
The Government has moved a step closer to fulfilling its coalition commitment to end unfair bank charges.
Last updated 22 October 2010
Published by http://www.cumberlandnews.co.uk
A winter of discontent
Consumer confidence fell to its lowest level for more than a year last month as people worried about Government spending cuts.
Last updated 22 October 2010
Published by http://www.cumberlandnews.co.uk
Improvement in pensions funding shortfall
The funding shortfall faced by the UK’s defined benefit pension schemes more than halved during September.
Last updated 19 October 2010
Published by http://www.cumberlandnews.co.uk
Equity release boost
Falling pensions, rising house prices and longer retirements are making equity release schemes more popular than ever.
Last updated 19 October 2010
Published by http://www.cumberlandnews.co.uk
State of security
At the time of writing, the State Pension is still a universal benefit. Everybody qualifies for some measure of help from the state when they reach retirement age.
Last updated 19 October 2010
Published by http://www.cumberlandnews.co.uk
Investments and savings fall victimto pension shortfall
A THIRD of retired people are being forced to spend savings and cash in investments to bridge a shortfall between their pension income and their expenditure, a survey has found.
Last updated 19 October 2010
Published by http://www.cumberlandnews.co.uk
Asda rolls back pension scheme
Managerial staff at Asda stores in Cumbria will lose their final salary pensions after the supermarket chain closed the scheme.
Last updated 15 October 2010
Published by http://www.cumberlandnews.co.uk
Tax rates erupt in EU
The UK has the fourth highest rate of income tax in the EU following the creation of the new 50 per cent band.
Last updated 15 October 2010
Published by http://www.cumberlandnews.co.uk
The future after the CTF
A new children’s account may be launched to encourage families to save but the Government will not contribute to it.
Last updated 8 October 2010
Published by http://www.cumberlandnews.co.uk
Banks held to account
Lloyds Banking Group has topped the league of shame for customer complaints. The bailed-out bank has had nearly 290,000 complaints made against it so far this year.
Last updated 8 October 2010
Published by http://www.cumberlandnews.co.uk
Cost of caring takes toll
More than a third of carers claim their financial situation is so dire they do not want to wake up in the morning.
Last updated 1 October 2010
Published by http://www.cumberlandnews.co.uk
It’s too little too late
The UK has the biggest pension gap in Europe, with Britons needing to save thousands of pounds more a year to secure a decent retirement income.
Last updated 1 October 2010
Published by http://www.cumberlandnews.co.uk
What’s in your account?
The majority of people over-estimate how much money they have in their current account, typically thinking they are more than £70 better off than they are.
Last updated 24 September 2010
Published by http://www.cumberlandnews.co.uk
No more mini millionaires
The amount of pocket money children receive has fallen to a seven-year low. The average child receives £5.89 a week, the lowest level since 2003, and down from £6.24 in 2009, according to high street bank Halifax.
Last updated 24 September 2010
Published by http://www.cumberlandnews.co.uk
Cashing in on overdrafts
Overdraft rates have been hiked on one in four current accounts during the past 18 months, pushing the cost of going into the red up to a record high.
Last updated 17 September 2010
Published by http://www.cumberlandnews.co.uk
Financial aggregate score
Consumer spending shrank by 0.6 per cent during the second quarter of the year as the UK economy continued is sluggish progress out of recession, according to the Payments Council.
Last updated 17 September 2010
Published by http://www.cumberlandnews.co.uk
Increasing family values
Homeowners with family properties have seen the value of their houses rise by around £91 a day during the past year.
Last updated 10 September 2010
Published by http://www.cumberlandnews.co.uk
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