Breaking UK News: personal finance news, mortgages, pensions, tax, personal loans, money, isa, savings, credit cards

First Direct launches new online banking app for iPhone - Mon, 17 Jan, 2011
First Direct claims it has made the first online banking app that allows customers to make transactions. The app, which is available free of charge, allows banking customers to make transfers and pay [more]
Overdraft charges are becoming more common - Fri, 14 Jan, 2011
An increasing number of UK current accounts are charging customers for using overdrafts. Online financial resource Money Maxim's Managing Director, Mark Bower, claims there is a new trend for ch [more]
Consumers turn to web for financial advice - Thu, 13 Jan, 2011
According to new research from Greenlight, consumers are increasingly looking to the internet for retail finance advice, rather than heading to financial advisers or banks. Greenlight found that ther [more]
New HSBC savings account offers 10 per cent interest - Wed, 12 Jan, 2011
Following news of pitiful interest rates being paid on savings this week, good news has come in the form of a new savings account from HSBC. The bank’s new Regular Saver account offers 10 per c [more]
Interest rates need to increase claim experts - Tue, 11 Jan, 2011
Savings and pensions experts have been urging the Bank of England to begin raising interest rates soon in order to protect savers. The base rate has remained at a record low of just 0.5 per cent sinc [more]
Car insurance crackdown could save motorists money - Mon, 10 Jan, 2011
The latest crackdown on uninsured motorists could see over a million people being hit with £1,000 fines. The news will be welcomed by law-abiding motorists who should see their insurance premiu [more]
UK savers keeping £7 billion at home - Fri, 7 Jan, 2011
New research by the Financial Services Compensation Scheme (FSCS) points towards a severe lack of consumer confidence, with relation to savings accounts. The research found that £7 billion wor [more]
FSCS launches major awareness campaign to boost saving - Thu, 6 Jan, 2011
A major advertising campaign has been launched by the organisation that offers savers protection for the money they hold in savings accounts. The Financial Services Compensation Scheme (FSCS) now cov [more]
New rules rolled out to speed up ISA transfer time - Wed, 5 Jan, 2011
Customers who hold their savings in their cash individual savings accounts (ISAs) will be pleased to learn that new rules have been introduced which will prevent long delays in transferring money betw [more]
Consumers unaware of savings changes - Tue, 4 Jan, 2011
Changes to EU regulations which came into effect on 31 December 2010 mean that consumers' savings will now be protected up to the value of £85,000. New research has revealed, however, that [more]
Saving levels fall as inflation increases - Fri, 31 Dec, 2010
Too few people are using their savings accounts, according to new figures from the NS&I. Only half of Britons are actually putting money into savings and the average amount they are putting asid [more]
Santander sends wrong statements to customers - Wed, 29 Dec, 2010
Current account holders at Santander branches may have received the wrong statement this week after a printing error on 18 December. The Spanish chain admitted the fault after 35,000 statements were [more]
Small firms divided on how to deal with VAT rise - Tue, 28 Dec, 2010
Small businesses are divided on the best path to take in order to deal with January's VAT rise. The Institute of Chartered Accountants in England and Wales (ICAEW) has advised SMEs to start pre [more]
Car insurance claims soar in snowy weather - Fri, 24 Dec, 2010
Car insurance firms have revealed that the recent deluge of snow and ice has resulted in a huge increase in car insurance claims. The AA reported that claims made on Friday 17 December were 10 per ce [more]
Interest rates could start rising next year - Thu, 23 Dec, 2010
The Bank of England has indicated that interest rates will rise next year, potentially reaching 5 per cent. Monetary Policy Committee member, Paul Fisher, stated that the base rate would 'normal [more]
Savings protection to be upped in response to EU directive - Wed, 22 Dec, 2010
As of 31 December this year, consumers’ savings will be protected up to the value of £85,000, according to changes to EU regulations. The changes mean that more savings will be protected [more]
Personal loans may facilitate pre-VAT rise purchases - Tue, 21 Dec, 2010
Increasing numbers of consumers are expected to start taking out personal loans to pay for large purchases, before the VAT rate rises to 20 per cent in January. Sainsbury's Finance says it expec [more]
Lloyds chief hopes to increase transparency - Mon, 20 Dec, 2010
Lloyds Banking Group's outgoing chief executive has promised to increase the transparency of the firm's accounts. Eric Daniels spoke to the Sunday Telegraph about his plans to try to impro [more]
Brits more in control of personal finances - Fri, 17 Dec, 2010
Following the recession, British people are more financially aware, according to analysis by Lloyds TSB. Savings accounts, fixed rate savings bonds and ISAs are set to become more popular with the Br [more]
Northern Rock offers new online savings account - Thu, 16 Dec, 2010
Northern Rock Savings has launched a new online account in the form of a new e-saver package. The gross interest rate per annum is three per cent on the new online account, which Northern Rock feels [more]
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