Money Saving News for October 2008
- Women 'need to think about life insurance' - 17th October, 2008
Prudent Minds – number 1 for cheap life insurance
Women need to take life insurance more seriously and take steps to protect themselves and their families, it has been claimed.
According to Axa Life, many women are failing to consider what would happen if they died or were unable to work due to illness or injury... - Pension savings gap narrows - 16th October, 2008
Prudent Minds – number 1 for pensions advice
The gap between the number of women saving for retirement and the number of men doing the same has narrowed, according to new research from Scottish Widows.
However, the pension provider found that there is still a difference of nine per cent, with just 46 per cent of women contributing to a pension compared to 55 per cent of men... - Lloyds TSB adds account transfer feature to mobile banking - 16th October, 2008
Prudent Minds – number 1 for internet bankingInternet banking customers signed up to the mobile banking services offered by Lloyds TSB will now be able to transfer money between their accounts.
The bank has become the first to officially launch a mobile account transfer facility. It claims growing consumer demand encouraged it to make the move... - Brits 'ditching life insurance' to save money - 16th October, 2008
Prudent Minds – number 1 for cheap life insurance
British consumers are cancelling their life insurance policies in a desperate bid to save more money during the credit crunch, it has been revealed.
According to uSwitch.com, 13 per cent of Brits have ditched life insurance cover in order to claw back cash that can be used elsewhere... - Landlords seeing growth in tenant demand - 15th October, 2008
Prudent Minds – number 1 for buy to let mortgages
Over half of landlords are seeing a growth in demand from potential rental tenants as the credit crunch puts property purchases further out of reach.
According to research from Paragon Mortgages, 51 per cent of landlords believe tenant demand was growing or booming during the third quarter of this year... - Savings interest 'wiped out' by inflation - 15th October, 2008
The interest made by consumers on balances held within savings accounts is being wiped out by inflation, financial experts have claimed.
Official figures released this week show that consumer price inflation is running at 5.2 per cent, well above the Bank of England's two per cent target... - New fixed rate mortgage deal unveiled by RBS and Natwest - 15th October, 2008
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The Royal Bank of Scotland (RBS) and Natwest have launched a new two-year fixed rate mortgage deal with a reduced fee.
With a rate of 5.74 per cent and a loan to value of up to 75 per cent, the new deal is available for a fee of £499, down from £999 for previous offerings... - House prices dropped 1.1% in September - 14th October, 2008
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House prices fell by 1.1 per cent last month, with values down across all ten regions in England and Wales, new figures show.
According to the FT House Price Index, the annual rate of decline now stands at 4.3 per cent, with the average house price coming in at £219,307... - Pension savers 'unaware of stock market risks' - 14th October, 2008
Prudent Minds – number 1 for pensions advice
Millions of retirement savers are unaware of the risks that volatile stock markets pose to their pension schemes, the Pensions Advisory Service has found.
According to the government-funded organisation, around five million UK employees are members of defined benefit pension schemes, payouts from which depend heavily on the performance of the shares in which they are invested... - Life insurance industry 'requires Hepatitis C guidelines' - 14th October, 2008
Prudent Minds – number 1 for cheap life insurance
New guidelines are required to standardise the way in which life insurance providers deal with people suffering from Hepatitis C, it has been claimed.
According to the managing director of the independent financial advisory group Compass, life insurance firms have differing views on how applicants with the disease should be treated, FT Adviser reports...