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.
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