Archive for September, 2008

Parents feeling the pinch

British parents are going into debt and making significant personal sacrifices because they don’t want their children to miss out, according to National Savings and Investments (NS&I).

More than half of older people are cutting back on essentials such as heating and food, and one in 10 of the poorest pensioners have been forced into debt by the rising cost of living, according to Age Concern.

Nearly a quarter of UK travellers plan to go on holiday without any insurance this year, despite the collapse of several travel companies and airlines in recent weeks.

The Financial Services Authority (FSA) has imposed a new rule designed to have a “calming effect” on the market for shares in financial firms.

Turmoil in the equity markets this week has pushed the UK pension deficit up by £20 billion to £70 billion.

The UK pet insurance market is predicted to reach a value of almost £700 million by 2012.

National Savings & Investments (NS&I) is reducing the interest paid out on many of its fixed rate products by up to 0.75% as of today.

Lloyds/HBOS merger divides opinion

Lloyds’ agreed £12bn rescue plan for HBOS has attracted praise and criticism in equal share.

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