Personal Finance News

The way annuities are sold is costing half a million retirees each year as much as £1bn in future pension income, the National Association of Pension Funds says.

Just over one million taxpayers face a penalty of £100 for failing to submit their self-assessment tax returns on time, HM Revenue and Customs says.

Fewer people were declared insolvent in 2011 in England and Wales than in 2010, but the number of companies going bust increased.

The sale and rent back industry has been almost completely closed down, says the Financial Services Authority.

Action has been taken against mobility aids traders following a warning from the regulator over sales of the products.

Criminal hackers have found ways around new security devices used for online banking, the BBC has learned.

MPs overturn a series of defeats inflicted on the government's welfare reform bill by peers, voting to reinstate child benefit into the proposed £26,000 total cap on payments.

Some 300 travellers with insurance claims resulting from the ash cloud disruption in May 2010 will finally have their cases resolved.

UK house prices started the new year with a slight decline - falling by 0.2% in January compared with the previous month, the Nationwide says.

The argument for the chancellor to cut taxes to boost the economy is stronger than it was a year ago, the Institute for Fiscal Studies says.