TweetShareThe Treasury Select Committee has been called upon by the managing director of a price comparison site to work at increasing transparency in the credit search market, following research by the company revealing consumer ignorance of industry operations. Toby Van Der Meer of Moneysupermarket.com addressed the group of cross-party MPs, asking them “to press for [...]
Archive for October, 2009
Moneysupermarket: Greater transparency needed in credit search market
by News Team on October 28th, 2009
Middle Britain may be disadvantaged by RDR, expert says
by News Team on October 28th, 2009
TweetShareSome debtors in the UK may find themselves at a disadvantage if the Financial Services Authority’s Retail Distribution Review (RDR)’s proposals are implemented in 2012, it has been suggested. While insurance group Aviva believes that rules such as the separation of costs relating to advice and to products will be beneficial in the long term, [...]
Increased pension credit levels ‘may help’ debtors
by News Team on October 27th, 2009
TweetShareThe proposed changes to the pension credit system, due to come in on November 2nd, may be of some assistance to those aged 60 and over who are eligible for pension credit, according to equity release specialist Key Retirement Solutions. In response to the alterations announced by chancellor Alistair Darling who stated that the time [...]
Government ‘cracks down’ on lenders
by News Team on October 27th, 2009
TweetShareNew proposals have been set out by the government to help regulate the credit industry so as to ensure that consumers are better protected and treated fairly. A consultation document to that effect has been published today (October 27th), detailing possible alterations to the repayment processes enforced by credit and store card providers. Among other [...]
Debtors ‘should consider’ in-tertaining
by News Team on October 27th, 2009
TweetShareIn-tertaining, or consuming paid-for entertainment activities within the home, may be of benefit to debtors trying to save, as new research has revealed that such pursuits can significantly reduce expenditure. According to the study by Abbey, £3.9 billion – or £89 per capita – is saved each month through in-tertaining, with 57 per cent of [...]
Halloween ‘a scary time’ for debtors
by News Team on October 26th, 2009
TweetShareParents in the UK are finding Halloween to be an expensive time, with a total amount of £200 million being spent on entertainment for their children, new research has revealed. According to a study conducted by Egg, 77 per cent of people with younger offspring admit to spending more than is affordable on holiday amusements [...]
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