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  Consumer groups warn payday loan practices unlikely to improve under new regulations

  Recent rule changes to the lending practices of payday loan companies are unlikely to give better protection to borrowers. The Finance and Leasing Association (FLA), announced it had updated the code of practise for payday loan firms.  Following pressure from consumer groups and the Government the FLA have introduced a new rule that states that [...]

  Proposed public sector pension changes will save taxpayers little

  A report from the economic think tank, the Institute for Fiscal Studies (IFS), states that the proposed Government changes for public sector pensions will make ‘little or no difference’ to the long-term cost. The IFS’ report refers to the latest round of pension negotiations, but does say that the previous decision to change the inflation [...]

  NS&I cuts rate on Direct Saver account

  The Direct Saver accounts from the Government run National Savings and Investments (NS&I), has cut its interest rates. On January 25th the annual interest rate was reduced from 1.75% to 1.5%   The NS&I admitted that the decision had been taken to make the popular savings account less desirable. The Government had set a target [...]