The new banking and business banking code contains an enhanced promise by banks and building societies to treat customers fairly and reasonably.
That promise is supported by eight key commitments and the standards of the revised code. The new codes take effect on 31 March following an independent review. Changes to the codes were made after […]

One in six adults are planning to cut spending this year as worries about the credit crunch hit home in the real economy, research from MoneyExpert.com shows.
Around 57% of adults will cut back over the next 12 months with many planning to reduce spending on basics such as the weekly food shopping bill, the independent […]

UK adults let billions of pounds worth of stocks and shares ISA allowance go to waste, according to Lincoln Unit Trust Managers.
Research from the unit trust managers found that £6.864bn was invested in both mini and maxi stocks and shares ISAs between April 2007 and January 2008, collectively representing less than 5% of the […]

For those of you who are yet to use up your self-select ISA allowance, the deadline of 6 April is fast approaching. Kate O’Raghallaigh asks some industry pundits about opportunities in mutual funds and equities
Equities
Graham Spooner, adviser at online brokerage The Share Centre, says: “Cautious investors looking at equities may want to consider a […]

The rise in day-to-day living costs is leaving people with no spare cash to put away in savings, according to a study by the Post Office.
Those that are able to save are withdrawing their money shortly after depositing it.
Increases in Council Tax and energy bills have hit the UK’s wallets hard with 4.8 million people […]

TD Waterhouse customers have turned their attention to HBOS after rumours about its mortgage-related debt, which later proved to be false.
The owner of Halifax and Bank of Scotland saw its share price plunge by 17% last Wednesday (19 March), only to make a spectacular comeback and register a 15% gain yesterday (27 March).
Angus Rigby, chief […]

The NatWest International Personal Banking Wealth Ranking Survey has found that professionals looking to move to sunnier pastures can expect to be financially better off.
Of those surveyed, British ex-pats could see a 43% increase on their current salary if they relocated abroad. The average wage for ex-pats working abroad is currently £67,000 compared to the […]

While savers have managed to get a good deal out of Base Rate rises, personal loan customers are paying the price for banks’ lending mistakes, according to price comparison site Moneysupermarket.
Tim Moss, head of loans at the website, said that lenders have significantly hiked their rates in order to compensate for losses during the […]