Personal Finance

Personal Finance

Banks feel heat over fraud protection

Customers are paying price for big-money scams, says Jeff Salway

Kirkwall, Orkney, where islanders are experiencing the largest rise in disposable income in Scotland. PIC

Orkney enjoys highest rise in disposable income in Scotland

Residents in Orkney have enjoyed a greater increase in disposable income than anywhere else in Scotland.

Personal Finance 5
The FCA said CFO Lending has addressed its 'previous mistakes'. Picture: Contributed

Payday lender to stump up £34m of customer redress

Payday lender CFO Lending is to pay out more than £34 million of redress to more than 97,000 customers for unfair practices.

Financial 1
The cost of laying a loved one to rest is increasing. Picture: Getty

Jeff Salway: Buried in debt by the bill for a funeral

The price for saying goodbye is rising, says Jeff Salway

Personal Finance
Richard Woolnough, manager of the UK's largest bond fund, the M&G Optimal Income. Picture: Contributed

Bill Jamieson: Even nearer to the crunch point for pensions

Of growing concern in recent weeks has been the further upward twist in pension fund deficits. Last week accountants PwC unveiled figures showing that defined benefit scheme deficits had now shot to £710 billion, up by £100bn in August alone.

Personal Finance 1
Your savings could take a real hammering if they are subjected to the early withdrawal charges associated with the new Lifetime Isa, which launches next April. Picture: contributed

Jeff Salway: Make sure you’ve got a Lisa exit strategy

THE new lifetime Isa comes with strings attached, says Jeff Salway

Respondents in Scotland were also more likely to believe that Brexit would have a detrimental impact on their ability to prepare adequately for retirement. Picture: PA

Jeff Salway: Scots worried about long-term finances after Brexit

PEOPLE in Scotland have been left feeling more downbeat about their long-term finances in the wake of the vote to leave the EU.

People aged in their 40s often find themselves juggling several big financial outgoings. Picture: Getty Images/iStockphoto

Number of forty-somethings saving enough for old age in decline

The number of 40-somethings who are saving enough for their old age has shown a “worrying” decline over the past year, a report has found.

Personal Finance
Fee structures for financial advice are complicated

Jeff Salway: Let’s see if cost is main obstacle to advice

The American writer Dorothea Brande once said: “The only difference between a problem and a solution is that people understand the solution.”

Opinion 2
Using a funeral director can be optional. Picture: Flickr

Hilary Peppiette: How to die without leaving financial chaos behind you

DEATH can be expensive. There are many myths surrounding what must be done, as opposed to what social convention, or the funeral industry, dictates.

Personal Finance
The spotlight has returned to defined benefit scheme funding in recent months following the crises at BHS and Tata Steel. Picture: TSPL

Jeff Salway: Shareholders set to count pensions cost

DIVIDENDS could be halted hitting small investors hardest, says Jeff Salway

Personal Finance
Passive investments allow you to take part in the equity ride but without all the slog. Picture: PA

Bill Jamieson: Injecting activism into passive investments

For many investors the prospect of hours of work researching which shares, bonds and funds to select – and with a bewildering range from which to choose – can be a turn-off.

First-time buyers have been betrayed. Photograph: John Devlin

Jeff Salway: Hoo-ha over help-to-buy distracts from real issue

Whether it’s a full-blown scandal or a fuss about nothing depends on your perspective.

Personal Finance 1
Removing cash from your pension fund can hit you hard in the pocket. Picture: Getty Images/iStockphoto

Jeff Salway: Raiding pension pots a risky business

Freedoms come at a price, and it can be steep, says Jeff Salway

Personal Finance
Picture: Stephen Mansfield

Scots the best restaurant tippers in UK - survey

Scots have been revealed as the most generous diners in the UK, according to a new survey.

News 3
Santander will halve the interest paid to 123 account customers. Photograph: Ian Rutherford

Jeff Salway: Santander’s cut is cash savings wake-up call

The news that Santander was halving the interest paid on its popular 123 account sparked a flurry of articles asking whether or not customers should ditch the product.

Opinion 4
Many parents are unable to obtain childcare, limiting their chances of obtaining work. Picture: Getty Images/iStockphoto

Jeff Salway: Childcare crisis builds a barrier to work

System is failing those it is intended to help finds Jeff Salway

Personal Finance
The targeted absolute returns sector has faced criticism of poor performance, high charges and a lack of transparency. Picture: PA

Beware funds that promise both protection and growth

Investors anxious about the economic outlook are turning in growing numbers to funds that promise both protection and growth – but which also have a habit of failing to deliver.

Personal Finance
Lloyds led criticism of the deadline. Photograph: Carl Court/Getty

Jeff Salway: Watchdog rolls over for banks shamed by PPI

Wasn’t it nice of the City watchdog to give the banks something to look forward to.

The governor of the Bank of England unveiled new record-low interest rates on Thursday in bid to halt economic slowdown. Picture: PA

Jeff Salway: Few winners as Bank cuts interest rate

Some mortgage borrowers benefit but more will lose out, says Jeff Salway

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