Did customers of Lloyds Banking Group wake up one morning, decide to walk down to their High Street bank branch in search of a nice investment fund but instead found themselves walking home again insured against a range of illnesses? … Read More
There is evidence of poor disclosure and big price variations from online annuity services – but don’t let that stop you shopping around
The cost of buying an annuity from an online annuity broker varies wildly across the market. As trade website Money Marketing reports, the panel investigated 15 online services using the example of a £49,950 pension pot – minus a 25% lump sum … Read More
The rising retirement age makes one thing very clear. The Money Advice Service needs fixed not abolished.
The biggest financial news, certainly for the younger half of the UK’s working population, is that the state retirement age is to increase dramatically to 68 then 69. It is very likely to reach 70 and beyond. At just about … Read More
Employers and employees may stand on separate sides of pension charge cap row (though it is actually a bit more complicated than that).
Two big providers of workplace pensions had a very public disagreement over charges last week. Legal & General wants the Government to cap workplace pensions at 0.5% annual management charge. Hargreaves Lansdown wants a delay in any charge cap until … Read More
The Bank of England is removing its support for funding for lending – mortgage version – but does that mean your mortgage rate is going to rise? Well it may be the beginning of the end. The Bank of England … Read More
With a price cap looming, employers must be careful their pension provider still wants their business
Is there a risk employers could find out that their pension provider doesn’t want them anymore? One of the big global pension consultancies has warned that the Government’s price capping ambitions for the pension market could lead to this unintended … Read More
When we bailed out the banks in the developed world, the reason was that these institutions provided the financial underpinning and even the bedrock of the economy. They may have been gambling with other people’s money in global investment markets … Read More
With a reputation built on putting the customer first, comparison sites have a lot to lose if the financial watchdog finds wrongdoing
It is almost impossible to imagine UK financial services without the comparison sites. Along with their omni-present advertising, they are used by a huge number of consumers to select insurance such as car, travel, but also loans, credit cards and, … Read More
There is a huge debate going on about pensions currently. Much of it concerns pension charges with a proposal to cap these at 0.75% annual management charges. But the Department for Work and Pensions is also worried about the structure … Read More
Wanted: Bank chiefs not embroiled in the blunders of the banking crisis, nor the culture of habitual misselling – but with banking experience and without certain unfortunate character flaws. To put it another way, it is best that banks are … Read More
John Lappin, the editor of Mindful Money, has been a financial journalist for more than 15 years. He was a long standing editor of financial newspaper and website Money Marketing and was Headline Money journalist of the year 2009. He believes it is essential that trust is rebuilt between consumers and the financial services industry though most of the onus is on the industry to demonstrate this trust. Without this, consumers and investors will remain undersaved, underinvested and underinsured with huge implications for themselves, their families and for the country too.
- Lloyds Bank - the customer was always ripe (for misselling) by John Lappin
- What happened to all those Swiss Franc mortgages in Hungary,Cyprus,Croatia and Poland? by Shaun Richards
- Chinese monetary trends still soft by Simon Ward
- Cyprus and its economy show the consequences of a banking bail in by Shaun Richards
- Broad monetarism still dominant but narrow money signals more reliable by Simon Ward