View more on these topics

Nationwide first to drop rates

The Nationwide raised its mortgage rate on Friday, becoming the first to do so after Thursday&#39s rate rise.

The society will raise its standard variable mortgage rate by 0.25 per cent to 6.95 per cent from 1 February.

The move by Nationwide is expected to be followed by most of the other lenders after the Bank of England&#39s decision to raise its base lending rate by 0.25 per cent to 5.75 per cent.


Rates boost increases savings

Last week&#39s rate rise of 0.25 per cent is set to encourage more customers to save instead of spend, according to National Savings.According to National Savings survey of a representative sample of 2,000, 55 per cent of consumers now think it&#39s a good time to save compared with just 45 per cent 6 months ago.National […]

Rooker championing IFA claim

IFAs will have a key role to play in the stakeholder according to pensions minister Jeff Rooker.Rooker told Money Marketing he believed IFAs will be essential to provide advice to small companies and scheme members on a group basis.But Rooker says he will be disappointing many IFAs by ruling out the cost of advice being […]

Bank dials up mobile phone option

Ulster Bank is launching a new banking service via web-enabled mobile phones. The NatWest subsidiary is hoping to be the first to offer the service using Wireless Application Protocol which allows internet access via mobile phones allowing customers to check their balances and conduct a transaction search at any time.The move follows the Woolwich who […]

Blunkett calls banks to help poor financial planning

The Government is stepping up pressure on banks to help poor families manage their money.In a speech to the Chartered Institute of Bankers, education and employment secretary David Blunkett is set to ask banks to support initiatives to combat poor financial planning.Blunkett is also expected to call for more support for the Money Advice Trust, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment