Archive for December, 2006

TweetShareEven though divorce rates are falling, Norwich Union states in its report on the cost of splitting that the average couple has to fork out £28,000 when their marriage ends, twice the amount spent in 2003. Simon Quick of the insurer said: “Divorce is always a difficult time for families and can often be a [...]

TweetShareBoth uSwitch and the Motley Fool called for lower charges and for disgruntled customers to reclaim unlawful charges from their banks. However, David Kuo, head of personal finance at the Motley Fool, said that customers should still be financially educated, which typically leads to a debt management plan. Nick White, director of personal finance at [...]

TweetShareOver the penultimate quarter of 2006, almost a third of under-thirties were forced to use their savings in order to meet the payments of unexpected bills, Birmingham Midshares claims. “Our latest findings make for worrying reading as we move into the coldest season of the year,” said Jason Robinson, director of savings and investments for [...]

TweetShareFollowing proposals by the Treasury’s cash machine taskforce, the government will include a “financial inclusion premium” into the rules for Britain’s network of ATMs. This should lead to 600 new free-of-charge cashpoints appearing in some of Britain’s poorest areas, hopefully encouraging more people to use banks and the debt management options this gives. Teresa Perchard, [...]