Personal Finance
| Use attributes for filter ! | |
| Google books | books.google.com |
|---|---|
| Originally published | February 3, 2012 |
| Authors | Kristy Walker |
| Robert B Walker | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2027432 |
About Personal Finance
Personal Finance, 2e by Walker/Walker offers students an engaging treatment of personal finance, while incorporating unique themes, an application-driven pedagogy, and a definitive action plan. . . .
Interest rates: Why there is more pain still to come
... While mortgage rates might be on the way down again, analysts say savings rates may also have peaked - including at Treasury-owned National Savings and Investments (NS& I)," Savers should brace themselves for rate cuts on NS& I accounts and for the Premium Bond prize fund to fall, as the government-backed provider has already exceeded its fundraising target for the tax year, " says Laura Suter, head of Personal Finance at investment platform AJ Bell...
The hidden tax rise in the Autumn Statement
... Sarah Coles, head of Personal Finance at Hargreaves Lansdown, said that while the 2% cut in NI " isn t to be sniffed at" by keeping NI and income tax bands frozen, " the Treasury has done nothing to protect us from the misery of fiscal drag, and means the lion s share of the damage done to our finances from these tax hikes will still continue to be felt years down the line"...
Minister's £11,000 iPad bill is legitimate expense - Humza Yousaf
... It has always been more expensive the moment you leave Europe, with some providers charging £7 a megabyte for data and nearly £4 a minute to make or receive a phone call, according to Personal Finance site...
Big banks accused of doing little for savers
... Alice Haine, Personal Finance analyst at investment platform Bestinvest, said: " The era of cheap money is well and truly over, so households should prioritise clearing expensive unsecured debt and building up a rainy day pot to withstand any unexpected expenses...
House price falls expected into new year, Halifax says
... Alice Haine, Personal Finance analyst from investment platform Bestinvest, said: " The housing market is expected to remain subdued into the next year as the drag effect from the Bank of England s 14 interest rate hikes delivers a heavy blow to affordability levels...
Freshers' week: Tips for surviving uni first year
... " Final-year student Pria, 21, agrees Personal Finance is an important aspect of uni life...
Premium Bonds: Chances rise of winning leading prizes
... " It was inevitable that NS& I would increase rates as rising competition in the savings market means it has fallen out of favour with savers who would prefer guaranteed rates elsewhere, " said Laura Suter, head of Personal Finance at investment platform AJ Bell...
New rules aim to end rip-off finance fees
... Eric Leenders, managing director of Personal Finance at UK Finance, the trade body for the banking sector, said he believed the changes would be more " evolution, not revolution" and that " most customers will probably not feel too much of a difference"...
New rules aim to end rip-off finance fees
By Kevin PeacheyCost of living correspondent
New consumer protection rules have come into force in what has been billed as the biggest shake-up in regulation for the finance industry in decades.
The new Consumer Duty is supposed to ensure people are served by financial products they can understand.
It aims to end hidden charges, and ensure providers of products such as savings accounts and mortgages inform people of any better deals available.
But commentators say some businesses are ill-prepared for The Changes .
The reform is being overseen by the UK's financial watchdog, the Financial Conduct Authority (FCA), which says it will raise The Bar on help for vulnerable people and offer fair value to savers.
The Shift comes after a complex rewriting of some of the FCA's rules for the 60,000 financial firms it regulates, for which companies have had a year to prepare.
At their heart is a requirement that firms provide products that meet their customers' needs, and ensure adequate support is provided as and when people need it.
That should be seen in shorter waits and suitable responses when customers call a company on The Phone , and The End of rip-off fees.
Nisha Arora, from the FCA, said: " The duty raises The Bar across all corners of finance and will ensure firms equip their customers with information they can understand, services they need and The Right support when they need it. "
She Said it should mean " the customer always comes first" with regulators already having highlighted the impact it could have in ensuring.
The FCA said it should also help people like Samantha, who was a victim of financial Domestic Abuse . Her ex-husband had opened two overdrafts worth £1,000 in her name.
" I was asked multiple times on different calls to give my bank card number, balance and details of recent transactions, but I had no access to these accounts. There was no understanding or empathy at all, " She Said .
" I'm very lucky that I have a strong network of support around me. I can't imagine how hard it is for people who don't have any support because even with it I was pushed To My limits. "
The FCA said that there should be understanding and flexibility from staff in such circumstances, and products should be designed with such needs in mind. It said its research suggested 7. 4 million people unsuccessfully attempted to contact one or more of their Financial Services providers over a 12-month period, with The Most vulnerable In Society most likely to struggle.
However, there have been questions raised about whether firms are suitably prepared for The Changes .
Andrew Stevens , from services company Quadient, said that many banks were still failing to effectively communicate with customers. For example, its research suggested that only 8% of consumers could fully understand updated overdraft charges.
Rachel Winter , from Killik & Co, told The Bbc 's Today programme the new rules would affect firms in different ways.
" For some financial firms they will have already been putting the customer first, for others perhaps they won't have been so for some firms it will be a bigger change than others, " She Said .
" But for the consumer in general I think it will certainly be a very positive change, " she added.
Eric Leenders, Managing Director of Personal Finance at Uk Finance , the trade body for the banking sector, said he believed The Changes would be more " evolution, not revolution" and that " most customers will probably not feel too much of a difference".
" Some changes will already be evident, others I'm sure consumers will see in the months and years ahead, " he told The Bbc .
Related TopicsSource of news: bbc.com