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Consumers&#39 blind eye to small-print

Consumers are turning a blind eye to the small print on financial documents to their cost, according to financial services company Saga.

One in three of the 1,000 respondents fail to understand the small print and loose money as a consequence while one in five admitted to never reading the small print and one in four found it too boring to read.

Some of the main reasons given was the ize of the writing and off-putting jargon.


Borrowers shun traditional mortgage – survey

Borrowers are shunning traditional style mortgages in favour of more flexible products, according to new research by Mori.The Alliance & Leicester-commissioned poll of 2,000 people showed one in three respondents found mortgages allowing quicker pay-off the most attractive.A&L mortgage manager Jill Butterwood highlighted borrowers were looking for mortgages with the flexibility to adapt to changes […]

C&G thumbs up for home trade plans

Cheltenham and Gloucester have given the thumbs up to Government&#39s plans to reform home buying and selling.The lender is using the Government&#39s new Seller&#39s Information Pack in a Bristol-based pilot test on 250 people selling their homes.The recently launched pack includes a “Property Inspection and Condition Report” a draft contract, plus searches, guarantees, lease and […]

Winterthur fights annuity limit

Winterthur Life is lobbying for a change to the rule on compulsory annuity purchase at 75.The news follows a Lords debate on raising the compulsory annuity age to 80 in which social security minister Lord Macintosh claimed the pensions industry had failed to provide alternatives to holding the age at 75.Winterthur Life director of sales […]

Early rates Xmas present for homeowners

Homeowners have been assured a happy Christmas by The Bank of England as base interest rate unchanged at 5.5 per cent yesterday.But the Monetary Policy Committee has decided not to explain the freeze.Commentators believe there is mixed motive as a stronger pound and signs of slowing demand may have persuaded the majority a rate hike […]

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Considerations for overseas workers in Germany

With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.


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