Archive for July, 2010
Compulsory retirement to be phased out
Plan to end the so called default retirement age is outlined in a consultation document to be published today People will be encouraged to work longer under government plans to phase out the so-called default retirement age of 65 by October 2011. Currently employers can make staff retire at 65 regardless of their circumstances, but [...]
Yorkshire and Clydesdale customers face mortgage rise
A miscaculation by the Yorkshire and Clydesdale banks means some mortgage holders could be asked to repay up to £300 more each month Thousands of Clydesdale and Yorkshire Bank mortgage customers are facing higher monthly payments after the providers, owned by National Australia Bank, said they had miscalculated repayments on some of their variable and [...]
Compulsory pension annuities could be scrapped
Announcement this morning expected to say that pension investors will no longer be forced to buy an annuity The government will announce a long awaited consultation on the scrapping of compulsory annuitisation later this morning. The Financial Secretary to the Treasury Mark Hoban will announce proposals outlining how the government intends to implement the “simplification” [...]
Consolidation loans
Consolidation loans Paying off a number of debts can be made easier by consolidating them into easy, single monthly payments. There are different ways to consolidate loans and debts with varying terms and conditions, but for many people they can be a more affordable and less stressful way of coping with debt. Having a number [...]
Volcano fears spark travel insurance inquiries
Experts says further eruptions are possible as insurers unveil a raft of add-ons to cover flight disruption Holidaymakers hoping for a trouble-free trip may yet find their travels disrupted by further Icelandic volcano activity this summer, according to volcanologists. Magnús Tumi Gudmundsson, professor of geophysics at the University of Iceland, said: “The previous activity lasted [...]
Budget cuts hit women harder
Detailed audit shows women to shoulder three-quarters of cuts The coalition’s financial plans are the “worst for women since the creation of the welfare state” according to an analysis of last month’s emergency budget. As the government warned some departments to prepare for cuts of up to 40%, a study by the House of Commons [...]
BT launches cheap package to view Sky Sports
BT undercuts Sky and Virgin to offer Sky Sports 1 for £6.99 a month to customers signing up for other services BT today launched a package allowing its customer to view Sky Sports from as little as £6.99 a month on top of the basic monthly subscription. The telecoms provider is offering Sky Sports 1 [...]
