Posts Tagged ‘Compulsory Retirement Age’

Planning your retirement? Now choose your own retirement age

Thursday, July 29th, 2010

The Government has announced that the default retirement age of 65 will finally go forever in October 2011. The new proposal means that you cannot be dismissed by your employer simply on the grounds of having turned 65, and provides greater flexibility and scope, when planning your retirement.

Householders with credit cards forced to make mortgage repayments ‘on the plastic’

Tuesday, January 12th, 2010

More than 1m householders have had to use a credit card for rent payments or mortgage repayments in the last 12 months, according to the data published today by housing charity Shelter.

Govt to scrap compulsory retirement age as 30% of pensioners live in poverty

Tuesday, January 12th, 2010

Compulsory Retirement Age

The government is to scrap the compulsory retirement age of 65, allowing employees to seek the agreement of their employer to work into their 70s.

Loans and credit card debts can be voided by bad documentation

Friday, November 27th, 2009

Twelve legal test cases currently in progress at the High Court in Manchester may challenge the right of credit card companies, store card companies, and bank lenders to enforce their debt, if they cannot produce the original documentation relating to the loan agreement.  Under the Consumer Credit Act, credit card loan agreements must contain three key [...]

OFT must find new way to investigate bank charges

Wednesday, November 25th, 2009

An Office of Fair Trading investigation into charges levied by banks for unauthorised overdrafts has today been blocked by the Supreme Court.

Cost of credit cards to rise, availability to fall

Thursday, November 19th, 2009

Credit card companies are labouring under a deluge of bad debt, as cash-strapped consumers find themselves unable to make the repayments on their credit cards.  As a result, access to a credit card will be harder to get, borrowing rates will spiral, and monthly credit card fees could become standard, as credit card companies look [...]

Stategic rethink may mean increased bank charges

Tuesday, November 3rd, 2009

Banks are currently rethinking their strategy on current accounts, as part of a larger plan to seek new revenue streams in the current difficult climate.  This may mean an end to free banking services, and in particular free current accounts, as charges are stepped up to anticipate the possible loss of other revenue sources currently [...]

Credit card companies should end ‘unfair practices’

Thursday, October 29th, 2009

New government proposals will force credit card companies to end “unclear and unfair” practices which plunge their customers further into debt. Practices such as increasing customers’ borrowing limits without their permission, and taking interest-only repayments that do not reduce their real debt, will be challenged this month in proposals by consumer minister Kevin Brennan.  The [...]

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