Money Saving News for October 2008
- Bright Grey extends critical illness cover - 28th October, 2008
For cheap life insurance and car insurance quotes choose Prudent Minds
The critical illness policies offered by Bright Grey have been extended to cover a number of new conditions and improved to give clearer definitions of illnesses and injuries.
New conditions include primary pulmonary hypertension and systemic lupus erythematosus, while new definitions have been introduced for aorta graft surgery, coma and third degree burns... - Non-payment of rent causes 'horrific problems' for landlords - 28th October, 2008
Prudent Minds – number 1 for buy to let mortgages
Landlords can face "horrific problems" if tenants fail to pay their rent on time, according to the chairman of the Residential Landlords Association.
Lee Dribben warned that landlords could end up losing their property due to non-payment of rent because this could hamper their ability to meet repayments on their buy to let mortgages... - Seek pensions advice before cutting back on contributions, says expert - 28th October, 2008
Prudent Minds – number 1 for pensions advice
People thinking of cutting back on their pension contributions during the current economic climate should seek pensions advice before doing so, it has been claimed.
According to Bestinvest, savers should speak to a professional about why they are taking such action and discuss their motivations - for example they may be looking to reduce their exposure to volatile markets or they may simply be struggling financially... - Women to receive state pensions boost - 27th October, 2008
Prudent Minds – number 1 for pensions advice
Women will receive a substantial boost to their state pensions under new rules announced by the government.
According to pensions secretary James Purnell, around 75 per cent of women will be entitled to a full basic state pension by 2010, compared to just 35 per cent today... - Non-Muslims offered halal car insurance - 27th October, 2008
Prudent Minds – number 1 for cheap car insurance quotes
A sharia-compliant motor insurance product is being offered to non-Muslim drivers looking for cheap car insurance deals.
The halal policy is available from Principle Insurance under the brand Salaam Insurance and works in exactly the same way as conventional cover... - Young people 'not saving enough' - 27th October, 2008
Prudent Minds – number 1 for savings accounts
Young people are not saving enough to see them through potential financial difficulties, according to an insurance expert from Bright Grey.
Roger Edwards said many of those entering their working lives are too busy paying off student debts to think about putting money aside into savings accounts... - Consumers urged to save for Christmas - 24th October, 2008
Prudent Minds – number 1 for savings accounts
Consumers are being urged to start putting cash aside for next Christmas as soon as this year's festive season is over.
According to a survey by Norwich and Peterborough Building Society, those who put money into savings accounts ahead of this Christmas are unlikely to have to cut back on their spending... - United States 'a great place to buy property' - 24th October, 2008
Prudent Minds – number 1 for property investments
For those planning to hold onto a property or "simply use it for the next five years", the United States is a "great place" to buy for investors who have the necessary funds, it has been claimed.
According to the chief executive of Homesgofast, there has been an increase in the number of buyers making enquiries about American property investments... - The Nottingham launches Sleep Easy savings account - 24th October, 2008
Prudent Minds – number 1 for savings accounts
Regional building society The Nottingham has launched a new savings account designed to give customers peace of mind over the security of their savings.
The Sleep Easy Saver is an instant access account which currently offers a basic five per cent rate of interest. Depositors who do not make a withdrawal within the first two years will also benefit from an additional one per cent interest a year... - Over-50s embracing internet banking - 23rd October, 2008
Prudent Minds – number 1 for internet banking
Far from shunning technology, Britain's over-50s are embracing the internet and many are using internet banking, a new study shows.
According to a survey by Alliance & Leicester, 58 per cent of consumers over the age of 50 use the web to manage their finances...