UK Money

Confidence 'low' in pensions sector

Nearly three in five people worry about the value of their pension, according to new research

Consumer confidence in the pensions industry remains low as the Government prepares to shake up the sector, research by consumer group Which? has found.

'Optimism' among mortgage holders

New research suggests that most mortgage holders are optimistic about their future financial situation

Most mortgage holders are optimistic that their financial situation will remain the same or even improve in three years' time as they prepare for rising interest rates, research suggests.

'Short term' pension refunds to go

Pensions minister Steve Webb says the typical worker now has 11 different jobs during their lifetime

Workers who leave their employer after less than two years' service will no longer be pushed into withdrawing their pension contributions, Pensions Minister Steve Webb has said.

'No benefits' from free nursery

Tony Blair's Labour administration began offering free part-time pre-school education in England in 1998

The policy of providing free nursery places for three-year-olds has delivered no long-term educational benefits and helped only a small number of women into work, according to two studies.

Energy complaints 'could be higher'

Unresolved complaints about energy suppliers could be five times higher than official figures suggest says Labour

Unresolved complaints about energy suppliers could be five times higher than official figures suggest - leaving up to half a million households and small businesses a year missing out on compensation or facing long delays, Labour said.

Rising cost of motor insurance

Quotes for annual car insurance generally have increased sharply by 4.2% to reach £891 on average, according to figures

Motorists are seeing the cost of taking out car insurance increase for the first time in more than two years as efforts to clamp down on fraudulent claims have not delivered the savings that insurers had anticipated, according to a report.

Concerns over loan shark customers

A report says someone who is turned away by a payday lender is twice as likely to go a loan shark as they are to seek help from a credit union

One in three people whose payday loan application has been rejected since the sector was forced to adopt stricter lending rules has considered using an illegal loan shark instead, research suggests.

Full nest 'costs parents £1,200'

Parents with a "full nest" of adult children report that their household spending is around £460 per month, according to the Centre for the Modern Family

Parents with adult children still living at home are spending £1,200 a year more to keep their household running typically than those whose offspring have flown the nest, a report suggests.

Nationwide apologises over glitch

Nationwide suffered a technical problem to its online and mobile banking service

Britain's biggest building society has apologised to customers after it suffered a technical problem to its online and mobile banking service today.

Mothers 'switching supermarkets'

Many mothers switch between three supermarkets for their grocery shopping, a report shows

Mothers now have an average of three supermarkets at which they do their main shop, and almost a quarter visit more than one during a single expedition, a survey has found.

Ad campaign targets benefit cheats

The campaign appeals to the public to call the benefit fraud hotline if they suspect someone is claiming benefits illegally

The Government is launching an advertising campaign targeted at nearly 50 towns and cities to urge claimants to report changes in their circumstances or risk a jail sentence.

Bank glitch delays house moves

A 'technical issue' at the Bank of England has hit payment transfers

Thousands of property purchases were thrown into turmoil today as the Bank of England system used to transfer hundreds of billions of payments between lenders was hit by a technical glitch.

Mortgage market 'on a plateau'

Mortgage lending is "sitting on a plateau", analysts said

The housing market may be "sitting on a plateau" after lenders reported a slight fall in the amount handed out to borrowers last month.

Comparison sites 'hide best deals'

The cheapest energy deals may not show up on price comparison websites, it has been claimed

Consumers are missing out on the best energy deals because comparison sites filter out the tariffs which do not pay commission, it was claimed today.

'Heating myths' add to energy bills

People are needlessly turning up their central heating themostat in winter.

Householders are needlessly adding to their energy bills because of widespread myths about the most effective way to heat homes, a campaign group has warned.

Parental pay deal for Civil Service

Nick Clegg will announce male and female Civil Service employees are to be offered equal parental pay and support from 2015

All Civil Service employees - both male and female - will be offered equal parental pay and support from next year, Nick Clegg will announce this week.