In an attempt to prevent yet another mis-selling scandal the FSA are cracking down on package current accounts.
Specifically it's the insurance policies bundled in with these 'added benefit' accounts that are in the spotlight.
The FSA are concerned some people are inadvertently paying for policies they wouldn't be able to claim on. So, from next March all banks that offer packaged current accounts must:
check each customer's eligibility for any insurance policy in a bundle and let them know where they stand
If you're paying for a package account the FSA's intervention should be a wake-up call. Check that you're eligible for all the 'account perks' included and contact your bank ASAP if you find you wouldn't be able to claim.
If you feel you were incorrectly advised about an account's suitability you should complain to your bank.
Even if your account is a good fit it's still worth making sure you're not wasting money. Read this guide for help deciding.
Increased workplace mobility is resulting in more and more people losing track of their retirement savings. If you're one of them it's likely you're paying excess charges and losing out as a result. Finding old pensions is relatively easy - all you need to do is contact the company that managed your pension previously or get in touch with The Pension Tracing Service.
It's come to light that there's a severe shortage of ATMs in London's Olympic venues. With all non-Visa cash points closed before the games, and those that are working only giving cash to those with Visa cards you need to make sure you're prepared if you're off to watch the sporting extravaganza.
Customers affected by last week's problems at Natwest and Nationwide should now have their accounts back in order. Both have confirmed that all problems have been rectified - but if you're still having issues let them know.
The Serious Fraud Office is investigating a number of bankers' involvement in the debacle with the intention of bringing criminal charges against anyone found to have played a part.
They have forced the UK's largest heating oil supplier (GB Oils Ltd) to fix the price you pay at the time you order. This means you'll know the exact amount you'll be charged upfront; previously the price could vary considerably between the time you ordered and the time your oil arrived. Let's hope the other, smaller oil suppliers quickly follow suit!
That's compared to the same period of 2011 according to HMRC figures. 431,000 properties were sold in total between January and June but neither house price or mortgage lending figures for July look promising.
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