Banking

Banks are making the current account switching process too difficult, according to the Office of Fair Trading (OFT).

The bank charges reclaiming campaign has saved consumers almost a billion pounds a year in lower fees, the Office of Fair Trading has said.

Nearly 100,000 savers will soon receive the unusually cheery news that their rate will rise.

Thousands of Lloyds TSB, Halifax and Bank of Scotland customers have been left frustrated after being unable to send or receive Faster Payments. In the worst cases, people have been left without their wages, but the banks say they will refund charges.

The workplace pension market is to be investigated amid concerns over high charges and poor competition.

Over a million taxpayers risk a £100 fine for filing their self assessment tax return late, so act soon.

NatWest and RBS have been warned not to unfairly use 'charging orders' on borrowers' homes when collecting debt by the Office of Fair Trading (OFT).

This year's retirees face living off the lowest average incomes in six years.

Halifax is to cut some of the benefits of its Reward current account — which pays customers £5 a month — from May, in a blow to users.

Halifax has launched the longest fee-free overdraft, but the deal is limited to those with good credit records, while there is a sting in the tail once the 12-month offer ends.