UK Finance News

KidStart.co.uk has launched an innovative way to help parents put away money for their child’s future.
Saving when bringing up children has always presented a challenge, so this scheme has linked 200 on-line retailers and allows parents and grandparents to contribute a percentage of their spend to a savings account.
Andrew Hagger of Moneyfacts.co.uk said, “The UK population needs [...]

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It would seem that at last younger savers are starting to take pension savings seriously. It may also mean that recent pension reforms are starting to hit home.
And so they should, with excellent tax breaks and more generous limits on contributions, the fruit is ripe for the picking.
Research by Fidelity FundsNetwork shows nearly a quarter of a [...]

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The big high street banks and one building society have lost their test case against the OFT over bank charges.
As noted on UK Finance News, the case has revolved around whether the OFT has the right to rule on overdraft charges - not necessarily whether the charges themselves are fair - although the implication is [...]

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Far from a U-turn, Alistair Darling’s manoeuvre on the 10p tax rate was more akin to reversing into a lamppost. Lampposts are big and bright and shouldn’t be difficult to miss; so whilst now doubt an illuminating experience for the Chancellor, he should have seen this object in the rear view mirror.
Ironically, it was Gordon’s [...]

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So noted Shakespeare when he wrote Hamlet back in 1603. So why then 405 years later all the fuss and why the second credit collapse in 25 years?
Much press has been given to irresponsible lending, lax regulation and the role of central banks at home and abroad, yet little comment has focused on the activity of [...]

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