Money Gossip News Archive - August 2008
Five Percent Inflation Predicted
According to a Lloyds TSB poll of UK consumers inflation is expected to rise yet again, this being the tenth month in succession where the people of the UK have felt that inflation would increase.
Published: 27/08/08 - Read Full Article >>
Pocket Money Down Compared With Previous Year
The Halifax has reported that the amount of pocket money given to children has fallen compared with last year.
Published: 27/08/08 - Read Full Article >>
Oil Heating Fuel Theft Threat
The Abbey National is warning homeowners who use oil for heating to make sure it is insured as thefts of the valuable resource are on the increase.
Published: 27/08/08 - Read Full Article >>
26 August Sees New Account Introduced
Lloyds TSB has just announced a new current account, called the Vantage.
Published: 26/08/08 - Read Full Article >>
Card Schemes Should Be Clearer
Sainsburys Bank would like credit card deals made easier to understand to help customers find the best option to suit them.
Published: 26/08/08 - Read Full Article >>
Stake In Big Uk Insurer Taken By Chinese
The Prudential, the second largest life insurance provider in the UK, has seen the Peoples Bank of China take a one percent stake in the company, worth GBP130 million.
Published: 25/08/08 - Read Full Article >>
Pm Apparently Misled Public Over Bank Sale
The Prime Minister, Gordon Brown, apparently told the people of the UK that Northern Rock could be sold for a profit in the future while his own advisors had said otherwise.
Published: 25/08/08 - Read Full Article >>
Number Of Estate Agents To Close
The Halifax is to close over 50 of its estate agent branches across the country with the loss of around a hundred jobs.
Published: 24/08/08 - Read Full Article >>
Tackling The Credit Crunch
Abbey National mortgage customers facing difficulties on the back of the credit crunch are being asked to consider taking in lodgers to make ends meet.
Published: 24/08/08 - Read Full Article >>
Talking Dog Misleading
The Advertising Standards Authority has upheld a complaint from a television viewer that the Churchill Insurance advertisements featuring the talking bulldog are misleading.
Published: 24/08/08 - Read Full Article >>
Asia Pacific Reorganisation For Bank
Citibank has reorganised its operations in the Asia Pacific area, giving top executives in the region much greater responsibility for more of the different products offered.
Published: 23/08/08 - Read Full Article >>
Travel Market Still Strong
According to the Post Office Insurance division spending on travel has remained constant, with no falls in currency or insurance transactions over the last couple of months.
Published: 23/08/08 - Read Full Article >>
Fuel Prices See Brits Cancel Bank Holiday Plans
According to information coming from AA Insurance the usual Bank Holiday trips out are going to be curtailed somewhat this year due to the high cost of fuel.
Published: 23/08/08 - Read Full Article >>
Speciality Focus Helps Insurer Profits
Hiscox has seen first half profits increase thanks to them working more in the areas of specialised insurance cover, typically concentrating on small businesses and individual with a high net worth.
Published: 22/08/08 - Read Full Article >>
Holiday Cover Price Reductions
Tesco Finance has announced price reductions on its short break travel insurance products, a short break usually being three days or less.
Published: 22/08/08 - Read Full Article >>
Bonus For Card Holders
The Halifax has announced a new credit card called the All in One card, with an introductory offer to both new and existing Halifax customers of 11 months interest free balance transfers and card transactions.
Published: 22/08/08 - Read Full Article >>
Baggage Cover Important For Any Holiday
Legal and General are reminding UK holidaymakers to make sure their travel insurance includes their luggage, even if the trip is within the United Kingdom.
Published: 21/08/08 - Read Full Article >>
Know Your Dog And Insure Appropriately
Following on from a programme on the BBC that showed the issues facing some pedigree dogs More Than Insurance is advising all pet owners to understand the specific needs of their dog so they can make sure they can receive the best veterinary care.
Published: 21/08/08 - Read Full Article >>
August 20 - Home Loan Rates Cut
The Abbey National has today announced mortgage rate cuts on several of its home loan products, specifically the fixed rate and flexible mortgages.
Published: 21/08/08 - Read Full Article >>
Takeover Support Needed From Shareholders
The Alliance and Leicester is advising its shareholders to approve the proposed takeover by Santander to avoid major risks to the business in the future.
Published: 20/08/08 - Read Full Article >>
Holidays Part Financed By Savings
The Abbey National has found that over sixty percent of UK holidaymakers have used savings to finance a holiday this year, while others are using the money to pay for a holiday before it even gets to the savings account.
Published: 20/08/08 - Read Full Article >>
Children Prove Costly Around The Home
Apart from all the other costs associated with having children Abbey National are warning parents that home insurance is essential so as to be covered for likely accidents.
Published: 20/08/08 - Read Full Article >>
Motor Insurer Suggests Careless Driving Laws Should Apply To All
Direct Line, a leading provider of car insurance, has asked that the new careless driving law should also encompass those drivers who are uninsured.
Published: 18/08/08 - Read Full Article >>
Ireland Next Stop For Uk Building Society
The Nationwide Building Society is readying itself for the provision of savings products to customers in the Republic of Ireland.
Published: 18/08/08 - Read Full Article >>
Pets Health Important To Us
Such is the love that the UK population has for its pets that they actually have more pet insurance policies than health cover for themselves according to a new Tesco Finance study.
Published: 18/08/08 - Read Full Article >>
Home Loan Rates Cut Once Again
One of the biggest mortgage providers in the UK, the Halifax, has announced more interest rate reductions on several of its home loan products.
Published: 17/08/08 - Read Full Article >>
Drink Driving Can Invalidate Car Cover
Drivers who omit to mention previous drink driving convictions could well find their car insurance is invalid should a claim be made say Norwich Union.
Published: 17/08/08 - Read Full Article >>
Cut In Fixed Rate Home Loan Rates
Following the trend in the market Northern Rock has announced a cut in its fixed rate mortgages, dropping them down to 6.
Published: 16/08/08 - Read Full Article >>
Uk Bank A Good Investment
Although the general feeling may be that UK banks are currently taking a beating an investment expert has suggested Lloyds TSB makes a great investment opportunity right now.
Published: 16/08/08 - Read Full Article >>
Family Support Needed For Elderly
A new survey by Saga Insurance has found that the grown up children of elderly parents may well end up financing their parents long term care from what was their inheritance.
Published: 16/08/08 - Read Full Article >>
Venue Cover Introduced
A new commercial insurance product has been introduced by Hiscox Insurance designed especially for top quality venue owners.
Published: 15/08/08 - Read Full Article >>
Operations To Be Streamlined
HBOS, owner of the Halifax amongst others, is to streamline its operation with the cutting of around 420 jobs and the deletion of one of its mortgage businesses.
Published: 15/08/08 - Read Full Article >>
Child Trust Fund Vouchers Going Unused
The Nationwide Building Society informs us that people are losing around GBP248 million through expired or unpaid Child Trust Fund vouchers.
Published: 15/08/08 - Read Full Article >>
Be Careful With Bikes
Sainsburys Bank are warning cyclists that even when their bicycle is at home it is still at risk of being stolen and should be protected accordingly.
Published: 14/08/08 - Read Full Article >>
New Chairman Named
The Prudential has named its new chairman as Harvey McGrath, previously the chairman at leading hedge fund company Man Group.
Published: 14/08/08 - Read Full Article >>
Average Persons Value Revealed
According to a new poll by Post Office Insurance the average adult in the UK believes they are worth around GBP350,000.
Published: 14/08/08 - Read Full Article >>
Twenty Percent Not Saving
The Nationwide Building Society, in its latest results for July, has found that 20 percent of the adult population are not putting any savings aside.
Published: 13/08/08 - Read Full Article >>
Entrepreneurial Attributes Identified
The Alliance and Leicester claims that the majority of entrepreneurs that do well are the first born child and have at least one brother or sister.
Published: 13/08/08 - Read Full Article >>
Trip Cover Not Used By Around One In Four
Data provided by Sainsburys Bank shows that around 25 percent of holidaymakers from the UK are not buying travel insurance this summer.
Published: 13/08/08 - Read Full Article >>
Over Half A Billion Pound Loss For Bank
The first six months of the year has seen Northern Rock record a loss of GBP585 million, primarily through their customers being unable to meet the payments on their mortgage.
Published: 12/08/08 - Read Full Article >>
Close To Six Percent Increase In Motor Cover Costs
A study carried out by Sainsburys Bank looking at data for the last 12 months has shown an increase in car insurance cover of 5.
Published: 12/08/08 - Read Full Article >>
Variety Of New Bonds Launched
The Nationwide Building Society has introduced half a dozen new investment bonds, with interest rates ranging from 6.
Published: 12/08/08 - Read Full Article >>
Postcodes Lottery For Pensions
Starting from Monday 11 August the Prudential is going to decide annuity rates based on where people live, using their postcode as a guide.
Published: 11/08/08 - Read Full Article >>
British Bank Purchase Agreement
British bank Alliance and Leicester is to be bought by Santander according to an announcement stating an agreement had been reached between the two parties.
Published: 11/08/08 - Read Full Article >>
33 Percent Slump In Profits
Barclays saw a drop in profits of a third for the first half of the year, with write downs impacting seriously on the bottom line.
Published: 10/08/08 - Read Full Article >>
July Housing Prices Slide
The latest Halifax house price report showed a slide of 1.
Published: 10/08/08 - Read Full Article >>
Settlement Reached With Sec
Citibank has come to an agreement with the US Securities and Exchange Commission (SEC) to buy back several billion dollars worth of auction rate securities, the risks of which had been misrepresented.
Published: 10/08/08 - Read Full Article >>
Students Need Cover Too
Esure are reminding the new students headed for university this year that home insurance cover is something that should not be overlooked.
Published: 09/08/08 - Read Full Article >>
Fsa Issue Fine Of Gbp735,000
Hastings Direct has been fined GBP735,000 by the FSA (Financial Services Authority) for treating its customers unfairly.
Published: 09/08/08 - Read Full Article >>
Holiday Homes Cover Important
AA Insurance are asking all owners of holiday homes to make sure their insurance polices cover items that are left there while the property is empty.
Published: 09/08/08 - Read Full Article >>
Discounted Cover For Travellers
Marks and Spencer are very generously offering a discount of 20 percent on travel insurance, on top of any other discounts currently applicable.
Published: 08/08/08 - Read Full Article >>
Undergraduates Working Part Time
The annual survey carried out by the Natwest Bank claims that over 40 percent of the 750,000 undergraduates will be working part time during the forthcoming academic year.
Published: 08/08/08 - Read Full Article >>
Lightning Cover Important In Summer
The Halifax is reminding all homeowners that they should ensure lightning cover is part of their home insurance especially as summer sees more claims.
Published: 08/08/08 - Read Full Article >>
Double Money On Offer For Savers
The Bank of Scotland has a fantastic opportunity for first time buyers saving a deposit for their first home – doubled up savings.
Published: 07/08/08 - Read Full Article >>
State Pension Alone Not Enough To Cover Basic Living Costs
The Prudential is warning people that the current state pension cannot be relied upon to provide a decent standard of living.
Published: 07/08/08 - Read Full Article >>
One Bank Equals Simplicity
Research carried out by the Abbey National has shown that around 20 percent of UK consumers have all their finances dealt with by just one provider.
Published: 07/08/08 - Read Full Article >>
Over 50 Year Olds Savings Options
The Alliance and Leicester has just made available two new savings options for those aged 50 and over.
Published: 06/08/08 - Read Full Article >>
Savings Being Dipped Into To Cover Living Costs
According to a study carried out by the Abbey National recently a number of UK people are dipping into their savings in order to pay their ongoing bills.
Published: 06/08/08 - Read Full Article >>
Fixed And Tracker Home Loans See Rate Cuts
The Natwest Bank has announced a reduction to its tracker and fixed rate mortgage rates with cuts of up to 0.
Published: 06/08/08 - Read Full Article >>
Confidence Low Regarding Job Security
According to the latest survey by Lloyds TSB confidence in job prospects and safety of employment are way down compared with just a year ago.
Published: 05/08/08 - Read Full Article >>
Student Accounts Ready For The New Term
Abbey National has announced the introduction of 2 new student bank accounts, one aimed specifically at those from other countries coming to the UK to study.
Published: 05/08/08 - Read Full Article >>
New Retirement Product For Fund Diversity
Legal and General has today launched a new pension product, called the Portfolio Plus Pension it is designed for customers who want to spread their investment in a large number of funds.
Published: 05/08/08 - Read Full Article >>
Emerging Markets Partnership Expansion
The Prudential is said to be expanding the partnership it has with Standard Chartered a bank that works in the emerging markets sector.
Published: 04/08/08 - Read Full Article >>
Profits Drop For High Street Bank
The first half of 2008 has seen Lloyds TSB profits fall 70 percent compared with the same period last year, at GBP599 million.
Published: 04/08/08 - Read Full Article >>
Policy Holders To Receive Payouts
Two Norwich Union with profit funds are set to pay their policyholders an average of GBP1,000 each should they accept the offer.
Published: 04/08/08 - Read Full Article >>
Us Securities Probe Expected
Citibank parent Citigroup is understood to be under investigation by the financial regulator of the United States with regard to some potential breaches of securities law.
Published: 03/08/08 - Read Full Article >>
Eco Friendly Motoring Approved By Younger Drivers
A study carried out by esure car insurance has found that younger drivers are more likely to buy an environmentally friendly car than older drivers.
Published: 03/08/08 - Read Full Article >>
Tyre Checks Recommended
The RAC is advising UK drivers to make sure they check their tyres regularly to avoid problems.
Published: 03/08/08 - Read Full Article >>
Big Fine For Ppi Provider
Liverpool Victoria has received a fine of GBP840,000 because of serious issues with the way it sells PPI or Payment Protection Insurance.
Published: 02/08/08 - Read Full Article >>
Housing Market Sees Biggest Fall Since Survey Began In 1991
The Nationwide Building Society house price survey recorded the biggest year on year fall since they began collating data in 1991.
Published: 02/08/08 - Read Full Article >>
Profit Slump For Big Home Loan Provider
Half year results from the Alliance and Leicester have shown profits at just GBP2 million, down from GBP290 million for the same time last year.
Published: 02/08/08 - Read Full Article >>
Tracker Home Loan Launched
Legal and General has brought a new tracker mortgage to the market, with a maximum loan to value of 75 percent.
Published: 01/08/08 - Read Full Article >>
New Bond For August
The Abbey National is making a one year fixed rate bond available for a limited period, with an interest rate of 6.
Published: 01/08/08 - Read Full Article >>
Premiums Could Be Five Percent Higher By End Of Year
Admiral car insurance has warned car drivers that they could see their premiums 5 percent higher by the end of this year.
Published: 01/08/08 - Read Full Article >>