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Insurers set annuity trap

Insurers set annuity trap City watchdog the Financial Services Authority has slammed insurance firms who keep savers in the dark about their right to buy decent pensions. In its strongest attack on the industry yet, it has given them until December to clean up their act.

Pension savings are used at retirement to buy an annuity which pays an income for life. But...

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My dream holiday ruined by dodgy dollars

A dream holiday to Peru ended with a woman facing jail after she was given counterfeit currency she believes may have been supplied by Barclays...

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Sale and rent back to be probed by OFT

Controversial sale and rent back firms are to be investigated by the OFT amid fears of a growing consumer scandal. The Office of Fair Trading...

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House sales lowest since the 1970s

House sales lowest since the 1970s

Estate agents are selling fewer homes than at any time since records began in 1978. One told a survey he had 'no credit, no confidence, no...

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£6bn shortfall in care home funding, warn MPs

£6bn shortfall in care home funding, warn MPs

The country will face a £6bn a year shortfall in funding for elderly and disabled people unless radical action is taken, ministers are warning....

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Third of new homes built on gardens

Third of new homes built on gardens

An explosion of 'garden grabbing' in London is revealed with a third of new homes are being built on land that used to be someone's garden. The...

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Mortgage costs rise despite rate freeze

Mortgage costs will continue to climb today even though the Bank of England held interest rates steady at 5% yesterday. One of the biggest...

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High Street banks hike account charges

High Street banks hike account charges

Millions of bank customers are being hit with higher current account fees ahead of a possible cap on overdraft charges. An estimated 7m people...

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Websites ripping off air passengers

One third of customers buying plane tickets online are being ripped off or misled, the European Commission warned today. A report revealed...

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£1m homes are biggest bargains

The biggest casualties of the slump in the housing market are sellers of £1m homes, estate agents said yesterday. Since last September their...

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The motorist feels somewhat battered from all sides, seeing the oil companies going off with cash in their pockets and the Treasury filling its coffers

Edmund King ,
President of the AA

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