The new Government Scheme for Pensions is coming under attach because of high charges. This from a government who have spent millions in decrying the investment industry. Not only are the charges poorly thought out the fact is that for the pensioners who will need the most help are the very pensioners on whom the impact will be greatest.
We then discover that SERPS pension entitlement is not going to rise with inflation as was clearly promised in the sales literature and are now being accused of mis-selling. Frankly this is exactly the type of story that should be filed under the you could not make it up category.
A special tax concession for overseas football players is causing a storm s many ask why overseas footballers playing here should receive special treatment when compared to Tennis players or other sportsman.
Keydata victims are complaining as many appear to be losing out despite having thought they were protected by the FSCS ( Financial Services Compensation Scheme). It appears that some are not has they are not covered by the fraud that was perpetrated on Keydata by the firm in Switzerland that was looking after the funds. Keydata was authorised by the FSA
Saturday, 20 March 2010
Monday, 8 March 2010
Personal Finance News
Hot of the press we have a a feature on Mortgages in Retirement and on Estate Agents and their stranglehold on sale process when it comes to recommending Solicitors, Surveyors etc.
Estate agents will attempt to persuade any buyer but especially First Time buyers to use their recommended solicitors Surveyors.
Over one million people have applied for a Vanquis Bank credit card that charges 60% interest rates. The Card from Provident has an 83% refusal rate.
Estate agents will attempt to persuade any buyer but especially First Time buyers to use their recommended solicitors Surveyors.
Over one million people have applied for a Vanquis Bank credit card that charges 60% interest rates. The Card from Provident has an 83% refusal rate.
Sunday, 7 March 2010
Latest Personal Finance News
News on personal finance.
Five Golden rules on getting the most out of your pension, on how Bank's sales culture pushes financial products on to customers. ( Nothing new there then)
Guidance on how to exit with profit bonds and on the timing. Although 4 in ten Britons would like to retre abroad this article offers advice on the risks and rewards.
The YourMoney.co.uk Panel has now expanded to include.
Equity Release
Private medical Insurance
Mortgages
Life Insurance
Five Golden rules on getting the most out of your pension, on how Bank's sales culture pushes financial products on to customers. ( Nothing new there then)
Guidance on how to exit with profit bonds and on the timing. Although 4 in ten Britons would like to retre abroad this article offers advice on the risks and rewards.
The YourMoney.co.uk Panel has now expanded to include.
Equity Release
Private medical Insurance
Mortgages
Life Insurance
Tuesday, 2 March 2010
YourMoney Advice Panel
We have started to develop our on-line advice panel. This will allow users to seek advice without obligation from FSA Authorised advisers who specialise in their field.
So far we have set up :
Recent personal finance news includes the government's green housing grant scheme, the fact that Foxton's unfair charges on landlords have been banned.
Mortgages and Buy to let
On the Buy to let front the news comes that Britain is turning into a nation of renters rather than purchasers and that unfashionable towns offer the best returns on buy to let.
Pensions
A warning that although SIPP plan charges are often very attractive a hidden transfer cost on SIPPs may be lurking if you ever have to transfer. A warning that many millions of tax relief on pensions is unclaimed and that the Treasury is changing the rules.
So far we have set up :
Recent personal finance news includes the government's green housing grant scheme, the fact that Foxton's unfair charges on landlords have been banned.
Mortgages and Buy to let
On the Buy to let front the news comes that Britain is turning into a nation of renters rather than purchasers and that unfashionable towns offer the best returns on buy to let.
Pensions
A warning that although SIPP plan charges are often very attractive a hidden transfer cost on SIPPs may be lurking if you ever have to transfer. A warning that many millions of tax relief on pensions is unclaimed and that the Treasury is changing the rules.
Wednesday, 3 February 2010
Latest Headlines
The items that stand out in the latest Finacial news.
National Savings has to reassure Investors
NSI have had to reassure investors that their money is safe after many have been kept waiting for acknowledgements and certificates to be issued. The problem is in their administration. Apparently they having problems matching up applications and cheques.
Bank Branch closures
Bank Branches close at the rate if one per day. The Daily Mail has reported that the Banks are repaying the taxpayer who rescued them by closing branches at an unprecedented rate. We are now one of the worst served per head of population for Bank branches in Europe.
Tories promise to axe Annuity Purchase at 75
The Tories have promised to remove the requirement for the elderly to buy annuities at the age of 75. This will be welcome news to many but there is a danger for those with small pension pots. Annuities do at least offer a guaranteed return for as long as the pensioner survives. The problem is that many are being forced to buy when when annuity rates are at their lowest. These rates are low due to two main factors. Current interest rates are low and people are living longer.
Invetsors Trapped by ISA Regulations
The Daily Mail has been running a campaign regarding ISA Transfers. It is clear that banks are abusing the ISA transfer system to their own benefit. Investors are not getting the best deals.
National Savings has to reassure Investors
NSI have had to reassure investors that their money is safe after many have been kept waiting for acknowledgements and certificates to be issued. The problem is in their administration. Apparently they having problems matching up applications and cheques.
Bank Branch closures
Bank Branches close at the rate if one per day. The Daily Mail has reported that the Banks are repaying the taxpayer who rescued them by closing branches at an unprecedented rate. We are now one of the worst served per head of population for Bank branches in Europe.
Tories promise to axe Annuity Purchase at 75
The Tories have promised to remove the requirement for the elderly to buy annuities at the age of 75. This will be welcome news to many but there is a danger for those with small pension pots. Annuities do at least offer a guaranteed return for as long as the pensioner survives. The problem is that many are being forced to buy when when annuity rates are at their lowest. These rates are low due to two main factors. Current interest rates are low and people are living longer.
Invetsors Trapped by ISA Regulations
The Daily Mail has been running a campaign regarding ISA Transfers. It is clear that banks are abusing the ISA transfer system to their own benefit. Investors are not getting the best deals.
Tuesday, 2 February 2010
Presonal Finance News
In the Financial News
Property rents Fall
Interesting survey from Findaproperty.com regarding the letting market. More property available less demand due to first time buyers getting help with mortgages has led to a decrease in monthly rents.
Mortgage lending Crunch Predicted by Mortgage Lenders
When the present hep and subsidies from the government run out in 2014 a serious shortage of mortgages is being predicted by the Council of Mortgage Lenders.
Property rents Fall
Interesting survey from Findaproperty.com regarding the letting market. More property available less demand due to first time buyers getting help with mortgages has led to a decrease in monthly rents.
Mortgage lending Crunch Predicted by Mortgage Lenders
When the present hep and subsidies from the government run out in 2014 a serious shortage of mortgages is being predicted by the Council of Mortgage Lenders.
Fund Charges
Fund Manager Charges
The charges made by Fund managers are brought sharply into focus by a report in the Telegraph.
It highlights where the charges imposed by the fund managers over a period have eclipsed the reyrns to the investor. In other words Investors have in many cases paid out more in fees thatn they hjave receivd as a retun on their investment.
Check out all the latest UK Personal Finance news on the site.
Equity release and home income plans is gaining more interest every week with more people looking at these pages. perhaps the low interest rates on savings and annuities as well as the uncertainties of final salary schemes are all playing a part.
The charges made by Fund managers are brought sharply into focus by a report in the Telegraph.
It highlights where the charges imposed by the fund managers over a period have eclipsed the reyrns to the investor. In other words Investors have in many cases paid out more in fees thatn they hjave receivd as a retun on their investment.
Check out all the latest UK Personal Finance news on the site.
- The FSA warns of thousands being on a fraudsters list.
- Bank loan rates reach a 10 year high
- The return of the old fashioned bank
Equity release and home income plans is gaining more interest every week with more people looking at these pages. perhaps the low interest rates on savings and annuities as well as the uncertainties of final salary schemes are all playing a part.
Friday, 1 January 2010
New Site
We have just launched mapserver.co.uk a Post Code map of the UK. users can search on a Post Code and see a satellite Map, a Road map and nother they can use to zoom in and out.
A listing of UK Post Codes lets users quickly find the area and map they are looking for.
We will launching new services relating to Maps in the following months.
A listing of UK Post Codes lets users quickly find the area and map they are looking for.
We will launching new services relating to Maps in the following months.
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