LATEST POSTS Since when has it been acceptable practice to run away from your debts? Well right now the idea seems to be all the rage. Eminent economists from around the world have come together to agree that that the only way out for the eurozone's beleaguered peripheral economies is to "restructure" their debts – a polite… Read more Some of Britain’s biggest insurers – including Pearl, Scottish Mutual, and Legal & General – are dragging their feet on rule changes announced by the Chancellor in June, intended to give older savers more choice about how to enjoy their pensions. George Osborne promised to scrap rules which forced savers to transfer at least three… Read more Millions of savers with defined contribution or money purchase pensions are to be given more freedom to choose how they spend the money, rather than being forced to buy an annuity or guaranteed income for life. The government is expected to announce later today further relaxation in the rules which currently require at least three… Read more Eric Cantona, the French footballer-turned-actor, turned to another new career on Tuesday: political activist. But his attempt to orchestrate a run on French banks as a protest against the financial crisis turned out to be, in the words of Martine Aubry, the head of the Socialist Party, an own goal. Instead of a bank run, it was business as… Read more Nearly 3.5m members of company pensions could suffer reduced protection against inflation, despite today’s statement by Steve Webb, Pensions Minister, described by experts as a “surprise about-turn”. The government announced plans to switch inflation-proofing for public sector pensions from the Retail Prices Index (RPI) to the Consumer Prices index (CPI) in June. The following month, it… Read more Steve Webb, Pensions Minister, was at it again yesterday – trying to play down the damage that will be done by his plan to reduce the protection from inflation that millions of people’s pensions currently enjoy. But there is nothing technical or trivial about the cash impact of switching indexation from the Retail Prices Index… Read more It may all be too good to be true, but on the face of it, there's an economic miracle going on in Germany, against which the crisis in the peripheral economies of the eurozone, all absorbing spectacle though it is, seems something of a sideshow. Rewind seven years to 2003, and Germany was widely regarded… Read more Supermarket Tesco has reported yet another solid set of financial figures. Sales at its 5,000 stores around the world rose by 8.8pc over recent months. It is a typically solid performance from a chain whose reach now encompasses everything from banking and telecoms to clothing, household electricals and pet insurance. But not everything that Tesco touches… Read more Should we be feeling sorry for the poor downtrodden Irish? The republic's umpteenth austerity budget is due to be announced this afternoon – it's hard to keep count of precisely how many we have had to date – and it won't be the last. This one aims for €6bn in tax rises and spending cuts, but… Read more Bankers smugly say that people are more likely to get divorced than change their current account. Perhaps that explains why so many treat their customers badly, charging more than quadruple the rate of inflation for the average authorised overdraft, according to new figures from the Bank of England. That means interest bills of 19.3 per cent… Read moreFinance Blog
Someone forgot the poor lender in all this talk of debt forgiveness
How Britain's biggest insurers are hanging onto pensioners' cash
New freedom for pension savers – and a chilling warning
Eric Cantona's bank protest is more 'urgh' than 'ooh-ah'
Inflation risk to 3.5m people's pensions
How the RPI rip off will hit more pensioners than Maxwell or Brown
Germany's economic miracle in pictures
Tesco is not good at everything – just ask Nadine Coyle
Don't feel too sorry for the Irish
Divorce your bank for a zero per cent overdraft this Christmas
Sunday, 12 December 2010
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