BBC NewsMortgages: Nearly one million 'face difficulties'BBC NewsThe new figure is much higher than previous estimates from lenders and from the City watchdog, the Financial Conduct Authority (FCA). Citizens Advice said 934,000 owners did not have a plan for how to pay back the money at the end of the mortgage term.Nearly one million households with interest-only mortgages can't pay off debtsDaily Mailall 2 news articles »
Retirement: what are the extra costs of drawdown?Hargreaves LansdownIt allows most people to take up to 25% of their pension fund tax-free when they retire, and then draw what they need from the rest, which stays invested and is subject to the ups and downs of the stock market. ... With drawdown, the income you take is ...
Pension freedom fails to result in best deal for saversFT AdviserThe Association of British Insurers' statistical release revealed yesterday (2 September) almost £2.5bn worth of payments have been made to customers in the first three months since the new pension freedoms came in, £1.3bn of which in cash lump sums ...
FundwebNetwork ramps up fees as 'flawed' FSCS levy bitesCitywire.co.ukIn a letter to firms, Personal Touch marketing director David Carrington (pictured) said the rise was due to the £20 million interim FSCS levy imposed on life and pension advisers in March and a rise in Financial Conduct Authority (FCA) fees. The ...Personal Touch to hike fees from OctoberFundweball 4 news articles »
expressandstar.comTesco to slash Clubcard rewards for 2.8 million credit card customersexpressandstar.comFrom December, Clubcard Credit Card shoppers will see rewards on purchases in non-Tesco stores halved from one point for every £4 spent to one for every £8. Tesco World Mastercard customers will fare even worse as the rate jumps from one point for ...Tesco is slashing Clubcard points for 2.8million customers - who is affectedMirror.co.ukall 37 news articles »