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17 May 13

Post Office warned about bank account charges

Consumer group Which? has warned that a monthly charge may discourage people from opening bank accounts with the Post Office.

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17 May 13

Survey identifies large proportion of mobile money transactions in Pakistan

87% of mobile money transactions in Pakistan are carried out over the counter rather than through an account according to research conducted by the Financial Inclusion Tracker Survey.

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09 May 13

Rise in number of over 60s with debt concerns

StepChange Debt Charity has revealed that last year, 13,148 people aged 60 and over contacted the charity for help. This was a 36 per cent increase since 2009.

European Commission more
08 May 13

European Commission proposes Directive on payment accounts

The European Commission has published a proposal for a Directive which will address access to basic payment accounts offered by institutions across the EU, the transparency and comparability of those accounts fees and the ease with which consumers can switch between payment accounts.

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08 May 13

People Seeking Help for Payday Loan Debts Doubles in One Year, as ASA Bans Payday Advert

StepChange Debt Charity has today released figures which show that people turning to them for help with payday loan debts has jumped by over 109 per cent in just one year. They helped 36,413 people with payday loan debts in 2012, almost 20,000 more than in 2011. The average debt of those seeking...

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07 May 13

65% of Payday Borrowers Given No Affordability Check, as Payday Lenders Disregard Their Own Rules

Citizens Advice has released the first set of findings from their project to monitor the conduct of the payday lending sector. Since November 2012 they have been monitoring how well payday lenders have adhered to the Customer Charter set up last year, questioning people that took out 1,270 loans...

Brick Lane more
06 May 13

New research is published on the polarisation of wage inequality and employment in British cities

The Joseph Rowntree Foundation (JRF) today published a report on wage inequality and employment polarisation in British cities.

Older female more
04 May 13

Pensioners are becoming landlords to boost their retirement income, finds research

Research Commissioned by Simply Business finds that the number of older landlords has increased dramatically in recent years to help fund their retirement.

Semi-detatched house more
03 May 13

Shortfall concerns for holders of interest-only mortgages

Concerns grow after Financial Conduct Authority (FCA) estimate that more than a million people with interest-only mortgages pay not be able to repay them.

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02 May 13

Energy regulator to investigate six firms for missing home efficiency targets

Ofcom says it will open investigation into British Gas, Drax, GDF Suez/IPM, Intergen, Scottish Power and SSE for missing targets to provide energy saving measures to households.

Older female 2 more
02 May 13

At least one in ten over 55s have no retirement savings, finds survey

A survey released by the Money Advice Service (MAS) today reveals that four out of every ten people aged over55, have not yet thought about how their retirement will be funded. The organisation claims that the figures point to the fact that the majority of UK adults in the UK suffer from a...

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02 May 13

Community Development Finance Institutions are growing rapidly, research finds

A new study by the Community Development Finance Association (CDFA) reveals that while bank lending may be falling in the UK, loans from Community Development Finance Institutions (CDFIs) have doubled in two years to almost 1 billion. Last year, CDFIs, which provide an ethical alternative to...