News - 2011

cheque more
21 Dec 11

Cheque Scheme closure has limited impact says research

Research done for the Payments Council to assess the impact of the closure of the Cheque Guarantee Card Scheme has shown that it has had a minimal impact on cheque usage.

cash withdrawal more
21 Dec 11

Barclays to change Basic Bank Account

Basic Bank Account customers at Barclays are to see changes to the features of their accounts. One of the changes will see the current maximum daily fine for not having enough money in an account to cover a direct debit or standing order increase from 8 to 24. Currently customers can only be...

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21 Dec 11

Better promotion of savers' compensation proposed

Banks could be made to display clearer and more prominent information about how much compensation customers would receive if an institution closed under new proposals from the Financial Services Authority.

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21 Dec 11

Money Matters survey sent to 120,000 housing associations

Turn2us in partnership with specialist money management magazine Quids In! have sent a survey out to 120,000 housing association properties across the country.

Pupil and teacher more
21 Dec 11

Government to consider compulsory financial education

The Government has said that it will consider making financial education a compulsory part of the national curriculum.

online credit card more
21 Dec 11

‘Free for life’ credit report service launches

Noddle, a free for life credit report service has been launched by the credit rating agency CallCredit. A trial of the service has been running since the summer with 20,000 people taking part.

Money in the hand more
07 Dec 11

3.5m likely to take out payday loans in next six months

According to areport published by R3, the trade body representing insolvency practioners, the number of individuals using payday loans in the UK is rising and up to seven per cent of adults in the UK think it likely they will access a payday loan in the next six months.

Computer with mouse more
05 Dec 11

London Hacks Financial Inclusion Winners 2011

A volunteer group of like-minded individuals gathered over this weekend to find innovative technological solutions to boost financial inclusion and financial literacy. As part of the global Random Hacks of Kindness weekend, the London competition organised by MyBnk attracted over 60 individuals...

advice session more
30 Nov 11

Early debt advice can prevent eviction

Early intervention debt advice for social housing tenants can prevent homelessness caused by debt related evictions says a new report.

mortarboard more
30 Nov 11

PHD funding available for personal finance education research

The School of Social Policy at the University of Birmingham is inviting applications for a funded PHD scholarship looking at the issues of Personal finance education: What is it for? And how best to do it?

xmas trolley more
30 Nov 11

Farepak fees exceed £8m whilst customers wait for compensation

Fees earned by the lawyers, administrators, insurers and media relations executives managing the wind-down of Farepak have now exceeded 8.2m. This is despite the fact that most Farepak customers are still waiting to receive compensation, which will total about 5.53m.

coins more
30 Nov 11

Debt management firm owes clients £600,000

Somerset-based debt management firm DebtDr owes clients 600,000 of money that was supposed to be protected. An investigation by the BBCs Inside Out West programme highlighted the loss by the company which ceased trading in April.