Money home
Money News
Money news archive – May 2010
Browse our archive of news articles
Banks signal end to small cash withdrawals (27-5-10)
High street banks are taking measures to cut queues at branches and tackle fraudulent activity on accounts...
Read more
Pensioners should shop around for better retirement deal (27-5-10)
People heading for retirement could be almost £3,000 better off if they shop around for a decent annuity...
Read more
Brits focus on repaying debts, not saving (26-5-10)
People are busy repaying their debts rather than increasing their savings or borrowing more money, new figures show...
Read more
Rents set to rocket as housing market picks up (26-5-10)
People who rent property should expect to see an increase in their rent payments over the coming months...
Read more
Northern Rock ditches 100% protection of saver’s cash (25-5-10)
Savers in the nationalised Northern Rock no longer have 100% of their money protected by the government’s guarantee scheme...
Read more
Child Trust Funds axed by new government (24-5-10)
Parents need to find new ways to save for their children’s future as Child Trust Funds (CTFs) are scrapped...
Read more
Public warned over ‘violent loan sharks’ (24-5-10)
The Office of Fair Trading (OFT) and trading standards have launched a new campaign to alert people to the dangers of loan sharks...
Read more
Brits are ‘mis-sold’ travel insurance (24-5-10)
Holidaymakers should be wary of taking out travel insurance via a travel agent as they could be getting ripped off...
Read more
First-time buyers struggle as mortgage lending falls (21-5-10)
If you’re a first-time buyer without a large deposit, you may struggle to find a mortgage lender...
Read more
Ash travellers offered a lifeline from Aviva (21-5-10)
UK customers whose holiday plans are being disrupted by volcano ash are being offered extra cover by insurer Aviva...
Read more
Home movers to save time and money as HIPs are scrapped (20-5-10)
The new coalition government has suspended the use of Home Information Packs (HIPs) by home sellers, it was announced today (20 May)...
Read more
Ombudsman handles record number of PPI complaints (20-5-10)
Payment protection insurance (PPI) accounted for 3 out of every 10 cases referred to the Financial Ombudsman Service (FOS) in 2009...
Read more
Savers dealt further blow as inflation hits 3.7% (19-5-10)
Savers need to open a current account to get their hands on a decent savings rate...
Read more
First-time buyers on the rebound (17-5-10)
Mortgage lending rose once again in March, with first-time buyers emerging as the clear winners....
Read more
Brits’ wealth has rocketed in last 50 years (17-5-10)
Home ownership and holding financial products has made us five times better off than 50 years ago...
Read more
Payment protection ban set to go ahead (14-5-10)
Plans to restrict the sale of controversial Payment Protection Insurance (PPI) look set to go ahead following a decision from the Competition Commission today...
Read more
'ISA transfers are not complicated': Fair Investment (13-5-10)
As many as 83% of cash ISAs from 2009 or earlier could be earning interest of 0.1% or less, according to new research...
Read more
‘Switch bank accounts and save hundreds of pounds’ (12-5-10)
You’ve probably not realised it, but your overdraft is costing you more than at any time in the last 10 years...
Read more
Rates held at 0.5% - is it time to fix your mortgage? (10-5-10)
The Bank of England has kept rates at 0.5%. Together with the European debt problems, that means that fixed rate mortgages are looking attractive...
Read more
Savings from offset mortgages beat cash ISAs (6-5-10)
Savers putting their money into a cash ISA over the last 10 years would have been better off putting their savings into a mortgage offset account, according to First Direct...
Read more
Average credit card debt passes £1,000 for the first time (5-5-10)
The average borrowing per credit card has increased by 5%, with average debts passing £1,000 for the first time, according to the latest statistics from debt charity Credit Action...
Read more
Consumers missing out on switching savings (4-5-10)
Fears that direct debits will be ‘messed up’ are preventing consumers from switching current account and saving money...
Read more