Archive for the 'Fortune' Category

16 Mar

Will I get anything if I’m made redundant?

It depends on whether you are regarded as an employee or as an agency worker. If it’s the latter you may end up with nothing.
If you’ve worked through an agency for the same employer for some time you may be classed as an employee, but you should take a close look at your contract.
If you […]

14 Mar

Five ways to beat the school fees trap

The squeeze has become so tight that some middle-class families are pawning diamonds and cars to pay school fees, it has been claimed.
But with some medium term financial planning, there should be no need to take the engagement ring or BMW down to the pawnbrokers.
So what are the best ways to save and pay […]

10 Mar

Banks inflict pain on savings and overdrafts

Savers are being hit hardest, with average branch rates for an instant access account plummeting to just 0.17% in February compared with 2.69% a year ago.
But customers who go overdrawn on their current accounts are being stung by average rates of 18.62%, according to the Bank of England, up from 17.58% this time last […]

09 Mar

How bank’s failures cost us our life savings

While banking chiefs have come under the spotlight for the huge sums they are paid, the plight of rank and file bank staff who have lost much if not all of their savings, thanks to the spectacular collapse of the industry, has largely been overlooked.
Many banks encouraged their employees to buy […]

09 Mar

Buyers on the up but home sales sink

Inquiries from new buyers increased for the fourth month in a row during February, rising at their fastest pace since August 2006.
But the up-surge in inquiries, failed to translate into transactions, with the average chartered surveyor estate agent agreeing just 9.5 sales during the three months to the end of February, down from 9.8 […]

06 Mar

Taxpayer set for majority stake in Lloyds

Lloyds Banking Group and the Treasury were thrashing out terms of a deal to insure more than £250bn of the bank’s toxic assets.
It would see the taxpayer increase its stake in Lloyds from 43% to as much as 70%. But Lloyds is reluctant to hand too much control to the Government and the bank and […]

03 Mar

Employer has broken payment promise

The manager at work said I would be reimbursed, but three months and three letters later I have had no acknowledgement. I have since left this employment. What can I do next? D. F-B., Nottingham
Simon Moon from This is Money replies: From what you tell me, your employers had a lackadaisical attitude […]

27 Feb

Currency trading: A high risk punt on money

But investors considering dipping their toes into the murky waters of the currency markets should beware – this is a high risk game where any number of factors can swiftly turn a fortune into a loss.
Investing correspondent Philip Scott, investigates the world of the currency trader and explains the risks.
The fate of the pound has […]

25 Feb

I want annuity payments as a lump sum

It transpires this was converted into an annuity in December 2005, and is worth £20.52 a year.
The Prudential paid me a lump sum of £53.01, covering payments owing from the end of 2005 to last June.
But it now says I must receive future payments at the rate of £1.71 a month, before tax. I would […]

23 Feb

Will my buy-to-let secret be revealed?

If I register at their address would this cause a massive problem and invalidate my mortgage? M.R., South Kensington, London
Louise Cuming, head of mortgage and protection services at Moneysupermarket.com, replies: I am sorry to be the bearer of bad news, but unfortunately, the terms of your mortgage contract have already been […]

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