Daily Telegraph Personal Finance
Personal finance news, how to make money, how to save money
Personal finance news including expert tips on how to make money, save money and look after your personal finances from telegraph.co.uk
Jessica retrieves £600 for reader after transfer muddle
I first applied for the transfer of a cash Isa from a building society to
Halifax more than a year and three months ago. I was then told that the
original signed transfer request had been lost.
"What have I bought and sold recently? It is embarrassing"
The confessions of a private investor, who is regretting recent leaps of faith.
How to avoid internet phishing scams
Cyber crime is on the rise with iTunes customers' the latest to have been
targeted by fraudsters.
Britons to lose equivalent of average salary off home
Britons will lose the equivalent of a typical annual salary off the value of
their home by the end of next year, new figures reveal.
Happiness begins at 55
The saying goes that life begins at 40 - but it would appear that this
generation are too bogged down by money worries to enjoy themselves and that
true happiness does not begin until you hit 55.
Four energy companies investigated for misselling
Energy companies are being investigated after suspicions they have been
mis-selling contracts to customers.
Apathy could cost you 20pc extra income in retirement
Annuity rates have slumped alarmingly since the financial crisis and they have
just keep falling.
Smokers barred from renting a home
More than 90 per cent of smokers are barred from renting a property, new
figures have suggested.
Mortgage lending down amid warnings of second house price crash
The housing market is set for a "double dip" fall after official data
suggested mortgage lending had slumped to a record low.
House market to fall again after mortgage slump
The housing market is set for a "double dip" fall after official
data suggested mortgage lending had slumped to a record low.
Home owners face four years of negative equity
Home owners who bought at the height of the property boom face another four
years of negative equity before they recover what they paid, new figures
reveal today.
Pension agreements to be 'watered down'
Millions of workers are expected to see their pension agreements torn up.
Where will interest rates be in 2012?
Eight per cent, says one economist. Is he right?
Staff will foot bill for pension pot deficit
Many of Britain's largest employers will have to scale back the generosity of
their pension schemes, actuaries warn.
Gold: is it really a safe haven?
The price of gold has soared, but it's not a straightforward investment.
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No bank account? Get your tax refund on plastic
(AP)
AP - A new Treasury Department program to give people without bank accounts faster access to their tax refunds will help some avoid costly short-term loans. But careless consumers could end up racking up fees and padding bank profits.
Why It's Harder to Be a Clueless Consumer
(U.S. News & World Report)
U.S. News & World Report - American consumers hate being told what to do, and to prove it, we routinely make choices that are irrational and counterproductive. We make impulse purchases we can't afford. We build bigger houses than we need, chaining ourselves to an onerous mortgage for years. We drive rugged, four-wheel-drive vehicles even though we never leave the pavement. We buy Snuggies.
5 Ways to Simplify Your Personal Finances
(U.S. News & World Report)
U.S. News & World Report - If you're combining your life with a new spouse, moving from one house to another, or just frustrated with the amount of documentation you have filed (or unfiled) in your basement, it's a good time to simplify your finances. Simplification is not only practical, it is beautiful. This is the concept of kanso, a Japanese aesthetic usually applied to gardens. Through a stretch of the mind, we can apply this beauty to our lives and our finances.
Mortgage applications rise 2.7 pct on low rates
(AP)
AP - Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.
The Great Value Investors Are Heading West
(The Motley Fool)
The Motley Fool - When Berkshire Hathaway (NYSE: BRK-A - News) was buying railroad company Burlington Northern last December, Warren Buffett told Matt Rose: "I've seen what's been done here [in the U.S.]. I think I know how the country is going to develop. I think the West is going to do well. I'd rather be in the West than the East. So I really don't have much of a worry about that."
The True Risk of Bond ETFs
(The Motley Fool)
The Motley Fool - In coming up with ways to protect their portfolios, many investors draw on lessons learned from their most recent mistakes. Unfortunately, most people right now are taking the lessons they learned from the 2008 bear market and buying bonds, which could easily prove to be far riskier than they thought.
Downsize for a More Affordable Retirement
(U.S. News & World Report)
U.S. News & World Report - Most people think retirement planning is about saving, investments, and the timing of retirement account withdrawals and Social Security benefits. Ensuring you have sufficient income is definitely one of the most important aspects of retirement planning. But so is controlling your expenses. One way you can do that is by downsizing your current lifestyle. Here is how controlling costs can help you prepare for retirement and still enjoy a nice standard of living.
Ron Paul: Financial Reform Solved Nothing
(The Motley Fool)
The Motley Fool - "The American people will never again be asked to foot the bill for Wall Street's mistakes. There will be no more taxpayer-funded bailouts. Period."-- President Barack Obama, after passage of financial reform legislation
Summary Box: AIG's sale of Taiwan unit on rocks
(AP)
AP - NO WAY: Taiwanese regulators have rejected Primus Financial Holdings' planned purchase of AIG's Taiwan life insurance unit.
Taiwan rejects Primus purchase of AIG unit
(AP)
AP - Taiwanese regulators on Tuesday rejected Primus Financial Holdings' planned purchase of AIG's Taiwan life insurance unit amid concerns that the Cayman Island-based firm may be backed by funds from rival China.
Dead soldiers' parents sue insurer over benefits
(AP)
AP - The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself.
Forget Treasuries. Buy Convertibles Instead.
(The Motley Fool)
The Motley Fool - The recent pullback in the stock market has many investors running for cover. Meanwhile, fear of an imminent double-dip recession and concerns about renewed pressure in the housing market has pushed bond prices to historic highs, reducing bond yields and creating an income crunch for savers. Throughout 2010, billions of dollars have gone into bond mutual funds, and the trend shows no sign of reversing anytime soon.
Cheaper Reverse Mortgages May Be Coming
(U.S. News & World Report)
U.S. News & World Report - The Federal Housing Administration (FHA) is developing a new reverse mortgage product that sharply cuts up-front payments by home owners but also significantly reduces the percentage of a home's equity that can be paid to owners under the program. Reverse mortgages insured by the government are available on homes where the youngest owner is at least 62 years old. The program is called a Home Equity Conversion Mortgage (HECM).
Business events scheduled for the coming week
(AP)
AP - WASHINGTON — Commerce Department releases personal income and spending for July, 8:30 a.m.
Business events scheduled for the coming month
(AP)
AP - WASHINGTON — Commerce Department releases personal income and spending for July, 8:30 a.m.
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