Money


16% of homeowners 'risk default'

One in four people would struggle to keep up with mortgage repayments if their income fell by £300 a month

12:18am Friday 12th March 2010

One in four people say they would struggle to keep up with their mortgage repayments if their income fell by just £300 a month, a survey showed.

Pension schemes cost 'to triple'

The annual cost of unfunded public sector pension schemes looks set to triple, report says

12:18am Friday 12th March 2010

The annual cost of the UK's unfunded public sector pension schemes looks set to more than triple to nearly £80 billion during the coming 50 years, a report showed.

Consumer protection committee plans

The FSA plans to launch a new committee to spot problems in the financial services sector

5:35pm Thursday 11th March 2010

The City watchdog announced plans to launch a new committee to spot problems in the financial services sector before they affect large numbers of consumers.

Stolen data 'may expose tax dodges'

24,000 HSBC Swiss account holders face legal action following data theft

1:10pm Thursday 11th March 2010

A bank worker has stolen information on 24,000 HSBC Swiss account holders around the world, leaving some facing the threat of legal action by tax inspectors in their home countries.

Free money advice service unveiled

Government has rolled out free financial guidance service on a range of related issues

12:17pm Thursday 11th March 2010

The Government has accused some financial advisers of being "out to make a quick buck", as it announced the roll-out of its free money guidance service.

Scottish Power cuts gas prices

Energy provider Scottish Power is set to reduce its gas tariffs this year

11:29am Thursday 11th March 2010

Energy provider Scottish Power has said it would cut gas bills by an average of 8% from March 31.

Freezing spell costs insurers £650m

The heavy snow and freezing temperatures cost insurers 650 million pounds

10:57am Thursday 11th March 2010

Insurers paid out £650 million in weather-related claims as the UK suffered the coldest winter for 30 years, a trade body has said.

Huge bonuses for John Lewis staff

John Lewis has posted a 9.7 per cent rise in profits

10:27am Thursday 11th March 2010

John Lewis staff are to be rewarded with bonuses worth nearly eight weeks' wages after profits jumped at the department store group.

Bumper John Lewis bonuses expected

John Lewis has posted a 9.7 per cent rise in profits

8:32am Thursday 11th March 2010

Partners at department store John Lewis are expected to celebrate weightier bonuses following a profits bounce.

Care levy may hit estates by 10%

Andy Burnham said 10 per cent could be taken off people's estates for a national care service

7:06am Thursday 11th March 2010

A levy to pay for the Government's proposed National Care Service could take 10% off people's estates after they died, Health Secretary Andy Burnham has suggested.


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