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Latest financial news and articles

You don't have to be a money expert to stay in the know with what's happening in the world of finance. Our constantly updated news section provides bite-sized details of key facts, figures and changes.

Wonga chief executive Tim Weller has resigned – Uphill battle for ailing payday lender continues

Wonga’s woes continue to pile up as it transpires that Tim Weller, interim chief executive, has resigned his position only 6 months after his promotion from finance director of the much maligned payday lender.

21 Nov 2014 Read More

RBS hit with £56m fine for IT system failure in June 2012

The Royal Bank of Scotland group (RBS) has apologised for the debacle of June 2012 which saw consumers unable to access their bank accounts for up to 3 weeks due to an unforeseen blow-up of its IT system, in view of the £56m fine it has been slapped with.

21 Nov 2014 Read More

Which? leads clamour for Shady Broadband Advertising Techniques to be addressed

A consumer group has slammed the way in which broadband providers advertise their products claiming that they deploy ambiguous promotional techniques regarding their broadband speed giving consumers a distorted picture of what service they are receiving.

20 Nov 2014 Read More

Thousands of Customers Forced to Wait for Compensation from Wonga

MP’s are continuing to hear that Payday lender Wonga have kept thousands of entitled customers waiting for their compensation.

20 Nov 2014 Read More

Exploding House Prices Are Set to Cost Buyers 13% More to Get on the Property Ladder

The value of property is now 12.1 per cent higher as compared to similar periods in the previous year, putting a stamp on the fastest rise in a single year since 2007, as shown in the latest index from the Office for National Statistics.

20 Nov 2014 Read More

Inflation Continue to Inflate in October While Food Prices Drop

Consumer price inflation ratcheted up to 1.3 per cent during October, while the price of food, petrol, and plane tickets fell less than they did in October of last year – according to official figures.

20 Nov 2014 Read More

Ofgem makes it easier to compare supplier performance on resolving complaints

From today Ofgem will be publishing quarterly figures provided by energy suppliers showing how the six largest companies compare on resolving complaints. This will increase visibility of company performance.

19 Nov 2014 Read More

Love and money: do couples see it differently?

Weddings are expensive, there's no getting away from it. While "the happiest day of your life" can be memorable, it can also put a strain on the wallet. Before and after marriage, there are often a few disagreements on personal finance, but what are they and why do they happen?

18 Nov 2014 Read More

Ofgem proposes to remove restrictions on Economy Energy

Ofgem has today issued a notice proposing to remove the operating restrictions it had placed on energy supplier, Economy Energy.

12 Nov 2014 Read More

Energy Minister outlines plans for reform to Renewable Heat Incentive to benefit Social Landlords & Poorer Households

Social Landlords can welcome the news that implementing energy efficiency measures will be made far simpler under proposed changes to the Renewable Heat Incentive (RHI).

12 Nov 2014 Read More

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