Inflation increased across all age groups throughout November, according to Alliance Trust, even though the official headline rate remained unchanged at 2.1%.
Those aged over 75 and under 30 years old were hit the hardest by inflation last month, the financial services group found. Both age groups have seen their inflation rate increase to 2.6%, […]

Parents are being urged to reassess their Child Trust Funds as the gap between the best and worst accounts widens.
MoneyExpert.com research shows that average standard interest rates on cash Child Trust Funds have increased by some 1.19% in the past year from 5.15% in October 2006 to 6.34% now.
But the independent financial comparison website says […]

Consumers could see the average household energy bill pass the £1,000 mark in 2008, Tim Wolfenden, head of home services at uSwtich.com, has predicted.
According to uSwitch, a comparison and switching service, there is mounting speculation that household energy prices will go back up again next year. Business energy broker, Catalyst, has already predicted a […]

The Department for Work and Pensions (DWP) has announced an assistance package for up to 140,000 people who lost out when their employer-sponsored pension schemes collapsed.
Those affected will be able to secure 90% of their accrued pension at the date their scheme began wind-up. This will be subject to a cap of £26,000, the […]

Savings accounts for big balances rarely remain best-buys in the long term, according to Investec Private Bank.
Research from Investec showed only 3 savings accounts for balances of £25,000 or more that were top 10 best buy deals during the 3 months to 27 January 2007, still held best buy positions during the three months […]

UK consumers intend to spend £11.85bn this week, research from Sainsbury’s Bank has found, £2.7bn more than was spent in the week before Christmas last year.
The research also revealed that 18% of this last minute spending, or £2.1bn, will be put on credit cards. Approximately 8.6 million people intend to put half or more […]

UK consumers amassed over £11.7 bn in debt in the third quarter of this year, research from website Unbiased.co.uk has shown.
According to Unbiased.co.uk, high interest rates combined with ongoing consumer uncertainty over the impact of the credit crunch have led to consumers using savings to pay for their expenditure. The research also revealed UK savings […]

Seasonal increases offered by some contents insurance policies don’t cover new possessions into the New Year, according to Halifax Home Insurance.
The lender has warned consumers who have increased their household contents cover for the Christmas period, to bear in mind that they may be underinsured once the seasonal period is over. David Rochester, senior underwriter […]