Financial news

• Sky News says Islamic State plans attack on Jewish children in Turkey

  28-03-2016 23:10
  
  LONDON (Reuters) - Britain's Sky News quoted intelligence sources on Monday as saying that Islamic State had "advanced plans" to kill Jewish children in Turkey by attacking kindergartens, schools and youth centres.
  
  Read more

• New pension rules will see 6 million workers lose up to £37 a month

  28-03-2016 20:34
  
  From 6 April, national insurance costs for many will increase by 1.4%, which is set to save the Treasury £5.5bn a yearMore than 6 million workers will suffer an unexpected pay cut from next month due to a little-noticed change to state pension rules that will net the Treasury almost £5.5bn a year. Related: MPs criticise DWP for confusion over April state pension changesContinue reading...
  
  Read more

• Storm Katie dampens Easter shopping spree

  28-03-2016 19:33
  
  Visits to UK shopping centres and high streets slump 6% and 10.5% on Saturday and Monday compared with last EasterRetailers have been left counting the cost of Storm Katie after the wet and windy weather put a dampener on the traditional Easter spending spree.The long weekend usually heralds the first big trading days since Christmas for the country’s store chains. But retail specialist Springboard, which tracks shopper numbers, said that after a boost from the sunny conditions on Good Fri
  
  Read more

• Royal Mail raises first class stamp price to 64p

  28-03-2016 18:08
  
  First class stamp prices will rise by 1p this week, while second class stamps will rise by the same amount to 55pThe cost of a first class stamp will rise to 64p this week, taking the price increase to 100% over the past decade.First class stamps prices are rising by 1p, while a second class stamp will rise by the same amount to 55p. The price of stamps for large letters weighing up to 100g will also rise by 1p, to 96p for those opting for first class postage.Continue reading...
  
  Read more

• Advertisement

• Savers withdraw £6bn from retirement funds after pension reforms

  28-03-2016 17:00
  
  Total amount that British over-55s have taken out of pensions since shakeup is lower than some commentators predictedSavers have withdrawn almost £6bn from their retirement funds after the introduction of pension reforms last year.New industry figures show that just over 213,000 cash lump sum payments totalling £3bn were made to over-55s since the changes were implemented on 6 April. On top of that, pension firms paid out £2.9bn in the form of regular sums to provide an income,
  
  Read more

• Expedia took my payment three times – but will only give me one back

  28-03-2016 09:01
  
  I’m paying interest on my credit card and have spent 10 hours chasing the refundI booked a flight through Expedia to Washington DC on Icelandair (via Reykjavik) on 14 January 2016. Despite only receiving one confirmation email and one ticket, soon after booking I noticed my credit card had been charged for the same amount – £745 – three times. Expedia has refunded me for one of these, but despite three promises to refund the second, I am yet to be paid. I’ve been wa
  
  Read more

• Car insurance and the little-known world of credit hire companies

  28-03-2016 09:00
  
  A driver who did nothing wrong found herself drawn into a legal action over the £4,000 hire of a courtesy vehicleWhen another driver hit Jane Ashdown’s car she was given a temporary replacement vehicle with gratifying speed. The reason for this alacrity became clear when she discovered that the company which organised the three-and-a-half week rental was demanding £4,216 from the third-party insurer.Now Ashdown* has been drawn into a legal action involving the insurer of the ca
  
  Read more

• I want to leave the law behind and start afresh

  28-03-2016 08:00
  
  My friends and family think it’s too drastic a decision but I dread the idea of continuing in the legal profession. What’s your advice?
  Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights. Here is the latest dilemma – what are your thoughts?I am a lawyer in a specialist field
  
  Read more

• Advertisement

Follow @financialnwsUK on Twitter!