Money Saving News for January 2010
- OFT offers loan information to investors and creditors - 29th January, 2010
The Office of Fair Trading (OFT) has issued loan information advice to lenders and borrowers regarding when debts might be enforced.
It was determined that fresh guidance was necessary because the OFT found that some debtors were being given a false impression regarding their chances of having debts written off... - Credit cards could be the best option for foreign travellers - 28th January, 2010
Cash might still be the most popular way of paying for purchases when abroad, but holidaymakers have been advised that credit cards could be a better option.
Research conducted by Santander shows 52 per cent of Britons took cash with them when they last went abroad, while 20 per cent primarily relied on credit cards, 15 per cent on debit cards and five per cent used traveller's cheques... - Asda backed to beat Tesco in online shopping battle - 27th January, 2010
A discount website has revealed that Asda.co.uk, the supermarket’s online shopping service, could soon usurp Tesco.com if customer trends continue.
Myvouchercodes.co.uk said that Tesco's website had the majority share of online grocery shoppers with 41 per cent, compared to just 27 per cent for Asda.co.uk... - Aviva unveils new SIPP product - 27th January, 2010
A leading insurance company has announced the re-launch of its self-invested personal pension (SIPP) product.
Aviva, the UK's largest insurer, claimed that SIPP's can help provide "financial solutions" for higher net worth customers... - Prudential tells Britons to open a personal plan - 27th January, 2010
Prudential has urged basic state pension holders to open a personal pension plan to ensure they are adequately prepared for retirement.
According to the financial services group, 18 per cent of people who are intending to retire this year will do so with only their state pension and savings as sources of support... - Balance transfer credit cards could 'help reduce debts' - 26th January, 2010
The Sun has advised consumers that a balance transfer credit card could help them to reduce their Christmas debts.
Shaf Rasul, writing in his newspaper column, has told shoppers that the rise of the average interest rate on credit card balances in December off-set price cuts on the high street... - Kent Trading Standards say loan sharks exploit dearth of cheap loans - 25th January, 2010
People who provide consumers with cheap loans are escaping punishment for unscrupulous business dealings because victims are afraid to step forward, reports Kent News.
Intimidation tactics have meant that, in the last year, Trading Standards has failed to successfully convict a single loan shark in the Kent area... - Department for Work and Pensions fulfils pension pledge - 22nd January, 2010
The government will pay out £3.5 billion to the thousands of people who lost their pensions when their employers went bust.
Those people who have lost their savings are being promised that they will receive at least 90 per cent of the money... - Bank Santander offers zero per cent balance transfer credit card - 22nd January, 2010
Santander has announced plans to reward existing customers with the launch of a new zero per cent balance transfer credit card.
The Spain-based retail and commercial bank has recently (19th January) made the zero current account available to its current account holders... - Sainsbury's Finance is offering cheap loans to shoppers - 21st January, 2010
Sainsbury's customers are being urged to take advantage of its cheap loan deal rate of 7.9 per cent APR typical.
MoneyExpert.com claims that the average rate on a non-secured personal loan between £7,500 and £15,000 is currently 10.4 per cent...