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Archive for August, 2010

Energy Efficiency Ratings To Be A Requirement For Home Sellers

Energy Efficiency Ratings To Be A Requirement For Home Sellers

Aug. 12 | EU legislation plan to make energy efficiency ratings compulsary for homes sellerse, so that buyers will have vital green information before purchasing a property.

Car And Home Insurance Premiums Set To Soar

Car And Home Insurance Premiums Set To Soar

Aug. 9 | Britain’s biggest insurer Aviva has imposed a double digit increase in motor and home insurance today. The industry warns of soaring rates that will bring insurance premiums to a “more normal” level.

Personal Insolvencies Fall By 3% In Second Quarter

Personal Insolvencies Fall By 3% In Second Quarter

Aug. 6 | The number of people being declared insolvent has fallen in England and Wales for the first time since 2007. The number of personal insolvencies in the second quarter of 2010 fell by 3% compared to the previous quarter. Overall, there were 34,743 insolvencies...

Royal Bank of Scotland Announce First Half Profit

Royal Bank of Scotland Announce First Half Profit

Aug. 6 | Royal Bank of Scotland moved announced that it was in profit today, taking the total profits of the banking sector to £15.5bn in the first half of the year.

Is Barclays Set To Team Up With US Companies To Develop Credit Card Replacement?

Is Barclays Set To Team Up With US Companies To Develop Credit Card Replacement?

Aug. 5 | A new service being trialed in the US could see credit cards become obsolete within a few years according to financial experts.

Property Prices Increased by 0.6% in July

Property Prices Increased by 0.6% in July

Aug. 5 | According to Halifax figures, property prices increased by 0.6% in July. The increase reversed the 0.6% fall from the previous month, according to the latest house price survey. Average UK property is now worth £167,425.

Lloyds Banking Group Profits Boost Banking Recovery

Lloyds Banking Group Profits Boost Banking Recovery

Aug. 4 | Lloyds Banking Group profit figures are higher than expected at £1.6 billion, giving signs of a revival in fortunes for UK banks.

Pension Funds Increase Longevity Assumptions For Pensioners By Seven Months

Pension Funds Increase Longevity Assumptions For Pensioners By Seven Months

Aug. 4 | Longevity assumptions for pensioners have been increased by seven months by Britain’s leading pension funds. According to research conducted by Mercer, this is an increase in life expectancy assumptions for the fourth year in a row. Future pensioners...

Association of British Insurers Warns Some Areas Of Britain Will Become Uninsurable Because Of Climate Change

Association of British Insurers Warns Some Areas Of Britain Will Become Uninsurable Because Of Climate Change

Aug. 3 | The Association of British Insurers has warned that climate change is likely to lead to huge increases in insurance premiums and could make some areas of the country uninsurable

New RFID Mobile Payment Technology Poses Threat To Credit Cards

New RFID Mobile Payment Technology Poses Threat To Credit Cards

Aug. 3 | New trials by Barclays and a number of US companies allow customers to use smartphones to buy products and services.