UK Finance News

In the UK, after 20 years of pension panic, an increasing chunk of the working population have made the journey from ‘Nanny State’ reliance mentality through the rough seas of the denial phase when ‘it will never happen to me’ and beached safely on the idea that their property will be their pension.
Well done. They [...]

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Research by Watson Wyatt indicates a 35% jump in Enhanced Annuity sales from 2006 to 2007.
Enhanced Annuities provide people with serious medical conditions the chance to obtain much improved annuity rates - and therefore a much better pension from their accumulated fund.
The bottomline is that if you’re likely to die earlier, the providers are happy [...]

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At last one of the leading UK mortgage lenders has shown some sense, by telling house-buyers in London that they must raise a deposit of at least 25% or be penalised with higher interest rates.
The minimum deposit required by Nationwide building society to secure their best rates has risen to a sensible 25% up from [...]

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Britains fourth largest energy supplier npower, have reported an increase in profits for this year of 41% on the previous years figures.
Coming just a day after British Gas posted a five fold increase in profits, the news is bound to anger homeowners, business and watchdog organisations. Indeed energy industry regulator Ofgem launched an investigation into [...]

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British Airways will pay £71 million in compensation to passengers affected by the carriers fixing of ticket prices, after settling a class-action lawsuit in the USA.
The lawsuit was brought by a US law firm on behalf of passengers who lost out as a result of BA and Virgin Atlantic conspiring to set the level of [...]

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