Money Saving News for June 2009
- Festivals a car insurance "minefield" - 12th June, 2009
While checking their car insurance policy may not be the first thing in many festival-goers' minds this summer, one expert is warning that it is an essential task.
According to research by uSwitch.com, people should check the small print on their insurance as many individuals rely on their policy to cover valuables left in their vehicle over the weekend, however the average insurer only offers £100 contents cover... - Increased confidence in housing market seen - 11th June, 2009
Professionals are optimistic about the future of the housing market, according to a new survey.
Over half of the financial advisors questioned by Legal and General predicted that business will improve over the coming three months as more people seek a home mortgage... - Rates boost for online savings accounts - 11th June, 2009
People with online savings accounts are being given a boost as three providers announce intentions to up their interest rates.
Barnsley Building Society is increasing the rate on its online saver account to 2.5 per cent, representing a 0.4 per cent hike, while Intelligent Finance will now offer a rate of 2.85 per cent on its iSaver... - Brits 'should double check car insurance before going abroad' - 11th June, 2009
With many Brits packing up their vehicles and heading to the continent this summer, one firm is advising them to check they have adequate car insurance in place.
According to Aviva, having an accident in Europe can prove very pricey for motorists, particularly in France and Germany - both popular holiday destinations... - Nationwide launches 95% mortgage - 10th June, 2009
Mortgage lender Nationwide has announced a new range of mortgage products which will be available from today.
The new deals require only a five per cent deposit and include two and three-year tracker and fixed-rate loans... - Quarter of Brits cutting back on home insurance - 10th June, 2009
Almost a quarter of homeowners are seeking to cut back on home insurance by either cancelling or not renewing their policies, it has been claimed.
Research by the Association of British Insurers (ABI) highlights that 22 per cent of those questioned have ditched their home contents insurance, while 17 per cent are cutting back on buildings cover... - HSBC warns of pension crisis - 10th June, 2009
Brits need to start thinking about their financial futures and plan their retirement pensions, it has been claimed.
According to a new report from HSBC Insurance titled It's Time to Prepare, only a quarter of those questioned in the UK said they feel prepared for their retirement... - New retirement pension announced by Aegon - 9th June, 2009
A new retirement pension scheme has been revealed by investments firm Aegon, providing a secure income for those requiring a variable annuity.
The Secure Lifetime Income plan guarantees a minimum regular earning which provides customers flexibility with investments and the ability to grow over time, offering higher returns at retirement age... - Brits raise utility bills with mobile phone charging - 9th June, 2009
Homeowners are needlessly spending more on their utility bills by overcharging their mobile phones, says moneysupermarket.com.
According to the website, young people are the biggest culprits of excess charging with 49 per cent admitting to leaving it plugged in an average of 7.3 hours too long adding up to £40 million more spent on utility bills every year... - Cheaper car insurance for youngsters, urges AA - 9th June, 2009
Car insurance providers should allow lower premiums for those young vehicle owners who prove they are a less risky driver, according to the AA.
Simon Douglas, director of the car insurance provider, said at a conference that making all younger drivers pay higher premiums is unfair, and they should be given the chance to show that they are safe...