Mixed age couples could lose £10,000 a year in pension credits

Mixed age couples could lose £10,000 a year in pension credits

A government change to the way pension credits are paid out could mean more than 60,000 mixed age couples could lose up to £10,000 a year. Research by the Pensions Policy Institute (PPI) has revealed that the income for mixed age couples on low incomes could be slashed by up to 45%. Pension credits Pension …

CMA to investigate leasehold mis-selling

CMA to investigate leasehold mis-selling

The Competition and Markets Authority (CMA) is to investigate the sale of leasehold properties amid growing fears that unsuspecting homeowners have been ‘locked in’ to agreements which expose them to demands for extortionate charges. It is to probe the circumstances surrounding the sale of new properties which included unfair terms, excessive fees and inadequate information …

Treasury sells £4.9 billion of ‘bad’ bank loans

The Treasury has announced the sale of another £4.9 billion of mortgages and unsecured loans from two of Britain’s ‘bad’ banks to the global investment bank Citi. But the move has been criticised as making ‘a mockery’ of attempts to help mortgage prisoners to switch from expensive standard variable rate (SVR) mortgage deals they are …