View more on these topics

Nationwide to sue Barclays over use of cash machines

The Nationwide is threatening to sue Barclays Bank over charges for using its cash machines according to a report by the BBC.

The building society says it will take the action unless Barclays drop the charges for Nationwide customers using its ATMs.

Barclays has angered rivals by introducing the charges of £1 each time their customers use a Barclay&#39s machine.

Nationwide claims the charges which take effect on September 23, contravenes a reciprocal agreement for the use of the Link network of bank and building society cash machines.

Nationwide claims the move is against customer interest, but Barclays says the decision was taken so it could focus on its own customers.

It has dropped charges its customers making withdrawals from non-Barclays cash machines.

Most other banks still charge their customers around £1 to £1.50 for using many other banks&#39 machines.


Tories to outline long term care proposals

The Conservative Party is set to revive its pre-election plan for an optional insurance scheme to cover long term care according to the Financial Times.The scheme proposes the elderly are offered insurance on assets usually their home which insures them against having to sell up to meet their care costs.The FT says the proposals will […]

Pink Home Loans says property boom not at an end

Pink Home Loans managing director Peter Presland has said he believes the property boom will continue for some time, despite interest rate changes.He says: “Based on all the evidence, I can confidently predict continued bouyancy in the housing market with regional and local variations.”

Mutuals steal the march over plc rivals

Mutuals are stealing a march over their plc rivals by refusing to pass to borrowers the Bank of England 0.25 per cent base rate increase.The Bank of England surprised lenders this week by increasing the base rate to 5.25 per cent from 5 per cent but so far only plc&#39s have followed suit and hiked […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm