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Financial education charity, the ifs School of Finance, is continuing to lobby the government over its hopes to introduce exam-grade education on personal finance to the national curriculum.
“There are lots of other different financial education programmes being offered in schools, workplaces and online but, as FSA research highlighted last month, there is little or no […]

New figures out from the leading high street banks show a gloomy picture of low profits and high numbers of bad debts.
Uswitch.com, the price comparison website, claims that close analysis of figures released by banking giant, Barclays, shows a shocking £2.795 billion in write-offs from bad debt from unpaid overdrafts, personal loans and credit cards.
“With […]

Merrill Lynch has called on central banks on both sides of the Atlantic to drop interest rates in order to prevent the onset of a global recession brought on by rising oil and food prices.
According to the investment bank US interest rates would have to come down by 2% in the next two years in […]

Many store card providers have put up the cost of borrowing on their cards, despite the fact that watchdogs are criticising them over high charges and that they are already charging some of the highest rates in the industry.
Many consumer lobby groups are now taking the opportunity in the midst of the credit crunch to […]

Is the humble credit card finally falling from favour amongst shoppers and retailers?  It would seem so, according to news out by the British Retail Consortium (BRC) and the European Retail Round Table (ERRT), a body which represents large retailers.
Since the Office of Fair Trading (OFT) brought in its ruling on ‘unfair charges’ for default […]

Research recently released shows that women are failing to take appropriate steps towards preparing for their retirement.
It has been found that only 41% of women who earn more than £10,000 a year are saving some of their income into a pension. This is in contrast with the 54% of men who earn more than £10,000 […]

Barclays have come under criticism from debt charity Credit Action for planning to release a new trial version of a credit card which would allow borrowers to have a credit limit of £25,000.
The card is called the ‘Freedom’ credit card and is promoted with the catch phrase: ‘If is see something I want, I need […]

It has been reported that consumers as well as small businesses are being made to suffer for weeks from a critical shortage of cash before their banks are agreeing to reimburse them for fraud.
Banks have been accused of dragging their heels when it comes to refunding customers who have had their money fraudulently taken from […]

More and more of us are borrowing an increasing amount of money against the value of our homes, according to research from the Bank of England. In official language this is known as mortgage equity withdrawal.
The amount of mortgage equity withdrawal amounted to £49.7bn for 2007 and that was up from £36.6bn in the previous […]

It has never been easy getting onto the first rung of the property ladder but there has never been a more difficult time than now. According to recent research it would appear that for nearly two-thirds of first time buyers, getting on the property ladder is a well out of reach.
Scraping together a deposit, paying […]