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Household debt edges lower

The average debt of UK households including mortgage repayments edged lower in June, according to new research.

House prices drop for first time since February, says Nationwide

UK property values fell by 0.

House prices up 8.4% in June

Property values in England and Wales were 8.

Savers 'miss out on £9.4bn' by not switching accounts

Britain's savers could be missing out on up to £9.

Retirement age 'to be scrapped by 2011'

The default retirement age (DRA) of 65 will be scrapped by October 2011 under plans announced by the government.

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Product News

Student account package 'improved' by Lloyds TSB

Lloyds TSB has announced it is to improve its student account package for 2010.

New 2-year tracker bond launched by Coventry

Coventry Building Society has unveiled a new Bank of England base rate tracker bond.

Cashback mortgage unveiled by Leeds

Leeds Building Society has announced it has launched a three per cent cashback mortgage.

Online fixed-rate Isa launched by Barnsley Building Society

Barnsley Building Society has announced the release of a new online fixed-rate individual savings account (Isa).

LTV mortgage rates cut by Barclays

Barclays has announced it is to cut rates on its 80 per cent loan-to-value (LTV) Woolwich mortgages.

Loyal tracker bond unveiled by Santander

Santander has announced it is to reward its customers with the release of a new loyalty tracker bond.

Rate on Santander eSaver issue 2 account increased

Santander has announced it has increased the rate on its eSaver issue 2 account.

Mortgages News

House prices up 8.4% in June

Property values in England and Wales were 8.

Mortgage lending tops £13bn in June

Gross mortgage lending hit £13.

Homeowners knock £3.2bn off mortgage debt

Britain's homeowners reduced their collective mortgage debt by £3.

Insurance News

Standard home insurance 'may not provide necessary cover'

Standard home insurance policies contain significant variations in terms of cover and property owners should shop around to find a policy that covers their individual needs, according to moneysupermarket.

Some standard home insurance deals may not provide comprehensive cover, the site warned.

Car insurance providers 'do what they can' to fight fraud

In a climate of rising fraud levels, car insurance providers are doing everything they can to help motorists, it has been claimed.

Insurance fraud at record high, says ABI

Cases of insurance fraud hit a record high last year, with companies in the sector detecting an average of 2,300 bogus claims worth over £16 million every week.

Fraud fuels fastest-ever increase in car insurance costs, says AA

Fraudulent claims are causing car insurance premiums to climb at the fastest pace on record, according to the AA.

Savings News

Savers 'miss out on £9.4bn' by not switching accounts

Britain's savers could be missing out on up to £9.

Savers are missing out on the best deals because they do not regularly check interest rates, according to the research.

Savers `kept in the dark` over interest rate changes

Many banks and building societies are failing to keep customers informed about changes in the interest rates for their saving accounts, according to new research.

Savers 'need greater protection from inflation'

Ministers should scrap taxation on the first £5,000 of interest on saving deposits in order to counterbalance the impact of inflation, a campaign group has argued.

Savers 'need rates of 4% to beat inflation'

Basic rate taxpayers need to find saving accounts with interest rates of at least four per cent if they want to avoid seeing their money eroded by inflation, it has been claimed.

Investments News

Investments 'should produce an income'

Investors have been told that they should look to put their money into investment options that are able to produce an income.

Investors are advised to look for income-generating investments

Q2 predicted as best for investment

The second quarter of 2010 has been predicted as likely to be the best of the year in terms of investment and general market conditions.

Record numbers 'switch from cash to shares ISAs'

Record numbers of Britons are switches their ISA savings from cash to equities accounts, according to reports.

Britain 'sees five-fold increase in property millionaires since 2000'

The number of homes in the UK valued at £1 million or more has increased by 393 per cent in the past decade, according to a new report.

Pensions News

Retirement age 'to be scrapped by 2011'

The default retirement age (DRA) of 65 will be scrapped by October 2011 under plans announced by the government.

The government plans to scrap compulsory retirement at 65 by October 2011.

Survey: 45% of Britons unhappy with retirement nest egg

Nearly one in two (45 per cent) adults is somewhat or very dissatisfied with the size of their retirement savings, a new poll has found.

Over-50s 'increasingly worried about financial future'

Almost two-thirds (64 per cent) of people over 50 are more worried about their financial future than they were 12 months ago, a new survey has shown.

Private pensions should be linked to CPI, says minister

Pension minister Steve Webb has proposed linking private retirement funds to the consumer prices index (CPI) to create a "more appropriate measure of pension recipients' inflation experiences".

Loans and Credit News

Household debt edges lower

The average debt of UK households including mortgage repayments edged lower in June, according to new research.

The average household debt stood at £57,809 in June.

Banks see consumer lending shrink in June

Unsecured lending from the UK's high street banks was subdued last month as repayments outweighed new borrowing, according to the latest industry figures.

Lending to consumers rose in Q1

Consumer credit lending by banks and building societies topped £34.

Government to review consumer credit market

The government is to review the UK's consumer credit market, it has been announced.

Cut Your Bills News

Britons 'embrace age of austerity'

Britons are putting their best stiff upper lip forward and adapting to "the age of austerity" ushered in by the financial crisis and recession, according to new research.

Britons are tightening their belts to cope with a new `age of austerity`.

Household debt edges lower

The average debt of UK households including mortgage repayments edged lower in June, according to new research.

High street sales enjoy stronger than expected July

High street sales beat expectations in July with a robust performance compared to 12 months earlier, according to a new report.

Ofcom finds `growing gap` in broadband speeds

Consumers are typically receiving only a fraction of the broadband speeds advertised by their internet service providers (ISPs), according to a new report.

Features

Payday Loans - the pros, cons and alternatives

Payday loans - the once seedy side of the credit market - have undergone an image transformation in the last few weeks.

Credit conditions for those on lower incomes are set to improve at last

Alternatives to Child Trust Funds

It came as no surprise when the coalition government announced the scrapping of the Child Trust Fund (CTF) scheme.

What can parents do to help their children be more responsible with money

If there has been one shard of light to emerge from the recession it is that our children seem to have learnt a very important lesson.

Preparing yourself for first-time housebuying

There was some great news for first-time buyers recently when the government announced it would be suspending stamp duty for anyone making their first property purchase.

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