Topic filter : Penalty

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....The commission’s chief executive, Sarah Harrison, said: “Safeguarding consumers is not optional. This penalty package of just under £8m reflects the seriousness of 888’s failings to protect vulnerable customers. ... [Read full article on Guardian ]
Thursday 31st of August 2017 07:37:18 AM
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....When Henderson finally resigned at the weekend, any sense of honour evaporated when it became clear that his position was about to become impossible. As we now know, the review by law firm Herbert Smith Freehills was damning and the trade body, the Public Relations and Communications Association, concluded that Bell Pottinger’s behaviour was so bad that expulsion was the only suitable penalty. ... [Read full article on Guardian ]
Monday 4th of September 2017 03:34:39 PM
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.... They have fully defended the claims brought by Holyoake and expect to be successful in their defence. They say their remaining assets would, after the disposals, be sufficient to cover any penalty were Holyoake’s case to succeed. ... [Read full article on Guardian ]
Saturday 16th of September 2017 07:00:05 AM
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.... They arrested six Pakistani nationals, five of whom were detained ahead of removal from the UK, while a sixth was required to report regularly to immigration authorities. The notice was served, the Home Office says, because of outstanding civil penalty fines amounting to £95,000, the high proportion of offenders found, and previous offences. ... [Read full article on Guardian ]
Saturday 9th of September 2017 11:05:21 PM
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.... 888 copped a £7. 8m penalty from the Gambling Commission last month after 7,000 people who had voluntarily banned themselves from gambling were still able to access their accounts. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 06:27:29 PM
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.... He claimed that charging overstayers at night was a violation of consumer protection law. But ParkingEye pressed ahead with its plans to sue Bowen through the county court to recover its claim for the unpaid ticket, a further penalty for non-payment and costs. ... [Read full article on Guardian ]
Friday 15th of September 2017 01:55:25 PM
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Latest Finance News related to Penalty

Christian Candy reshuffles assets worth more than £300m in a year image
Source : Guardian [Read Article] Saturday 16th of September 2017 07:00:05 AM
.... They have fully defended the claims brought by Holyoake and expect to be successful in their defence. They say their remaining assets would, after the disposals, be sufficient to cover any penalty were Holyoake’s case to succeed. ...
Driver's legal victory is one in the ParkingEye for rogue private firms image
Source : Guardian [Read Article] Friday 15th of September 2017 01:55:25 PM
.... He claimed that charging overstayers at night was a violation of consumer protection law. But ParkingEye pressed ahead with its plans to sue Bowen through the county court to recover its claim for the unpaid ticket, a further penalty for non-payment and costs. ...
Might, not right: betting firms get their due on fixed-odds machines image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:27:29 PM
.... 888 copped a £7. 8m penalty from the Gambling Commission last month after 7,000 people who had voluntarily banned themselves from gambling were still able to access their accounts. ...
Curry house immigration raids ‘unfair’, say restaurant owners image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:05:21 PM
.... They arrested six Pakistani nationals, five of whom were detained ahead of removal from the UK, while a sixth was required to report regularly to immigration authorities. The notice was served, the Home Office says, because of outstanding civil penalty fines amounting to £95,000, the high proportion of offenders found, and previous offences. ...
Bell Pottinger is a textbook example of how not to manage a crisis | Nils Pratley image
....When Henderson finally resigned at the weekend, any sense of honour evaporated when it became clear that his position was about to become impossible. As we now know, the review by law firm Herbert Smith Freehills was damning and the trade body, the Public Relations and Communications Association, concluded that Bell Pottinger’s behaviour was so bad that expulsion was the only suitable penalty. ...
Gambling firm 888 fined record £7.8m for failing vulnerable customers image
Source : Guardian [Read Article] Thursday 31st of August 2017 07:37:18 AM
....The commission’s chief executive, Sarah Harrison, said: “Safeguarding consumers is not optional. This penalty package of just under £8m reflects the seriousness of 888’s failings to protect vulnerable customers. ...
ParkingEye meets its match as it takes on a top barrister over an £85 fine image
.... That triggered a parking ticket for £85. He wrote to ParkingEye to explain what had happened – but, after taking the trouble to go through its appeals system, the operator refused to waive the penalty. ...
Diesel scandal is a risk to German economy, says ministry image
Source : Guardian [Read Article] Monday 21st of August 2017 03:37:43 AM
....In April, Volkswagen was ordered to pay a $2. 8bn criminal penalty in the United States for cheating on emissions tests. ...
How to reform student finance? Let’s start with interest rates image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
....Now let’s look at the administration of these loans. As the Money pages have chronicled in recent weeks, students allege that the system has collapsed into a “bureaucratic nightmare”, wrongly imposing penalty charges, losing paperwork, charging students who shouldn’t be charged, and failing to pay refunds. ...
Here’s help to decide which of two Isas is the best to buy into image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
.... Accounts can be held in cash, or stocks and shares. However, there is a massive penalty if you wish to make an early withdrawal. ...
Broadband deals: Stop overpaying for internet contracts image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 09:20:00 AM
....You also need to know your rights. "If your provider announces a price increase to your line rental or broadband package you have the right to cancel without penalty, provided you let it know within 30 days. ...
Fitness First is last when it comes to cancelling gym membership image
Source : Guardian [Read Article] Tuesday 15th of August 2017 06:00:07 AM
.... RG, London. It sounds like you took a gamble that did not pay off but you are, indeed, protected by the 14-day cooling-off period, which allows you to change your mind without financial penalty. ...
World's biggest banks face £264bn bill for poor conduct image
Source : Guardian [Read Article] Monday 14th of August 2017 05:28:32 PM
....Two UK high street banks – Royal Bank of Scotland and Lloyds Banking Group – are in the top five of banks with the biggest conduct costs. RBS set aside extra provisions for fines and legal costs largely related to a forthcoming penalty from the US Department of Justice for mis-selling toxic bonds in the run-up to the financial crisis. ...
Uber to offer tipping for UK users – and introduce waiting charges image
Source : Guardian [Read Article] Monday 14th of August 2017 12:00:33 PM
....It also announced a new waiting charge of 20p per minute, which will be levied on dawdling passengers from 22 August. The penalty will be added to their bills once the driver has been waiting at the agreed pick-up point for two minutes. ...
Tax return fines: HMRC wrongly hunts ONE MILLION taxpayers for late filing penalties  image
.... . Anthony Thomas, chairman of the Low Incomes Tax Reform Group (LITRG), said in January: “We are anxious that people may feel somewhat panicked by penalty notices from HMRC and just pay financial sanctions for filing Self-Assessment forms late without considering that there may be a perfectly good reason for the delay in filing that may make them eligible for special treatment. ...
Mortgage rates will rise – so 
are you ready 
to take a hit? image
Source : Guardian [Read Article] Tuesday 8th of August 2017 04:52:17 PM
....Harris says overpaying now at a time of low rates could insulate against rises. “Most lenders will let you overpay by up to 10% of the mortgage amount a year without penalty,” he says. ...
Student debt: What is going on with the Student Loans Company? image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
.... They are also required to show how they are funding the trip. Failure to do so counts as non-compliance and the SLC will apply a penalty charge until the student provides the information. ...
Owners of ex-local authority homes face horror of bills running into thousands image
....Lambeth council has offered leaseholders repayment plans, but these could be unaffordable for someone on a modest salary. Leaseholders billed £13,000 were offered the chance to spread the cost over two years, paying £560 each month plus a £600 penalty fee for not paying the entire cost up front. ...
Unpaid internships damage long-term graduate pay prospects image
Source : Guardian [Read Article] Saturday 29th of July 2017 09:01:01 PM
....That is the shock finding of the first survey of its kind of the career trajectories of tens of thousands of students over a six-year period. The study, conducted by the Institute for Social and Economic Research at the University of Essex, reveals that, three-and-a-half years after graduating, former interns face a salary penalty of approximately £3,500, compared with those who went straight into paid work, and £1,500 compared with those who went into further study. ...
Interns beware: working for free could put a dent in your career image
Source : Guardian [Read Article] Saturday 29th of July 2017 09:01:01 PM
.... The study, Access to and Returns from Unpaid Graduate Internships, finds that most graduates would be substantially better off by not doing an internship. “Almost everyone taking an unpaid internship can expect to do worse three years later than had they not: former interns face a salary penalty of approximately £3,500 … compared with those who went straight into paid work, and £1,500 compared with those who went into further study,” it concludes. ...
Student Loans Company criticised over 'penalty interest' on funds image
Source : Guardian [Read Article] Saturday 29th of July 2017 07:40:24 AM
. The Student Loans Company has been criticised for adding more than £8m to student debt through “penalty interest” on tens of thousands of loans in the last financial year. ...
Goodbye 25-year mortgages, but are we walking into a borrowing trap? image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
.... Alternatively, a borrower in this situation could consider making overpayments to reduce what they owe. Most deals will allow some form of penalty-free overpayment. ...
Graduate anger mounts over ‘nightmare’ Student Loans Company image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
.... Despite updating the company with his earnings, as requested, last year he discovered that £930 was being demanded by a firm of debt collectors. The reason for this harsh penalty? He apparently failed to put his date of birth on one of the numerous forms sent by the loan company. ...
How a father's tragedy moved the Teamsters to fight an opioid distributor image
....In 2006, the DEA filed lawsuits against all three distributors. McKesson paid a $15m penalty in 2008 and promised to do things differently. ...
Race for political centre is futile, Labor needs to be more progressive | Greg Jericho image
....But crucially what those 71% consider as the middle is greatly different – and what they want movement on is crucial. One voter might be in favour of parties meeting in the middle on the issue of negative gearing; but that is wildly different to a voter wishing they did it on individual workplace contracts or penalty rates. ...
Student Loans Company quadrupled my interest rate – just for taking a short trip image
....”. A spokesman for the SLC told Money that Richards’ penalty charge had been applied as a result of an administration error, which was reversed a few weeks later. ...
Exxon fined $2m for violating Russia sanctions while Rex Tillerson was CEO image
.... It also determined that Exxon had not voluntarily disclosed the violations, which it said was “an egregious case”. It leveled the statutory maximum civil penalty of $2m for the breaches. ...
HS2 supporters boast of benefits – but costs keep going off the rails | Nils Pratley image
.... If she wanted another big job, this was the moment to make her way to the departure gate. But there was, perhaps, another factor to make her decision easier: there is no financial penalty whatsoever for McCall in quitting easyJet early. ...
Provident Personal Credit fined for sending 1m spam texts image
Source : Guardian [Read Article] Monday 17th of July 2017 06:11:34 PM
....”. The ICO has the power to impose a financial penalty of up to £500,000 for breaches of data protection law. ...
Pensioner left shocked after price of monthly phone contract nearly doubled image
Source : Daily Express [Read Article] Monday 17th of July 2017 11:18:00 AM
....”. Sheila says she called many times without success but “In February I finally managed to get through and was told I wouldn’t face any penalty now and could claim a refund. ...
How credit score agencies have the power to make or break lives image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
.... “Nationwide charged me £15 for defaulting, which took me into an unauthorised overdraft,” says John, who was suffering from mental illness at the time. “Within two months I accrued £283 in penalty fees and the debt was recorded on my credit file. ...
Can’t pay or display as parking meters don’t take new £1 coin image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
....The AA is worried that some councils have taken the opportunity to introduce new-style ticket machines that require drivers to enter their vehicle’s registration number, saying: “These are the bane of the elderly, people in a hurry or people who may have left their reading glasses in the car, and others. All unfairly run the risk of a penalty charge notice for making a mistake rather than trying to dodge payment. ...
Uber’s practices are morally unacceptable – but a boycott won’t help | Hannah Lownsbrough image
.... In return, they are promised “flexibility”, or the freedom to work whatever hours suit them. In practice, many Uber drivers are working long, long shifts for poor pay in order to try to make ends meet as Uber “scales” upwards without facing any financial penalty to itself for growing too fast. ...
RBS to pay $5.5bn penalty over US loan misselling scandal image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:55:36 PM
....2bn) to US regulators for misselling toxic mortgage bonds in a “stark reminder” of its behaviour in the run-up to the financial crisis. The penalty from the Federal Housing Finance Agency is one element of a multibillion-pound bill that the 71% taxpayer-owned bank faces to resolve long-running disputes with authorities in the US over the sale of mortgages packaged into bonds more than a decade ago. ...
Big Six energy companies switch: Leave pricey legacy tariffs behind image
Source : Daily Express [Read Article] Wednesday 12th of July 2017 10:31:00 AM
....PAYMENT PENALTIES . Millions of utility customers are also unwittingly paying penalty charges at rates of up to 8 per cent a year as punishment for failing to pay their bills on time. ...
Energy companies are fining 2.7 million late bill-payers steep penalty fees image
Source : Independent [Read Article] Wednesday 12th of July 2017 09:07:00 AM
...
Related to :
Private parking firm and debt collectors hound DISABLED Blue Badge patient image
Source : Daily Express [Read Article] Monday 10th of July 2017 10:01:00 AM
....The way Roy was treated was disgraceful and wasteful. The public also sees through the way the private parking industry calls its fines ‘penalty notices’. ...
‘Gig workers’ already have rights – all we have to do is enforce them | Jason Moyer-Lee image
....Metcalf, in a letter sent to stakeholders last week, says one aspect of improving enforcement is building on the deterrence effect: “The threat of investigation and enforcement must act as a deterrent to employers to proactively spur change in compliance more widely than only those directly inspected. This relies on both the perceived probability of investigation and the expected level of penalty. ...
Older homeowners forced to sell properties to clear debt on mortgages image
Source : Daily Express [Read Article] Wednesday 28th of June 2017 08:25:00 AM
....Another is to make regular overpayments to shrink the debt. “Most mortgages now allow penalty-free overpayments of up to 10 per cent a year,” he added. ...
Endowment plan: Need-to-know advice on interest-only mortgage repayment problems image
.... . “Most mortgages now allow penalty-free overpayments of up to 10 per cent a year,” he added. ...
UK workers are cheated out of at least £1.5bn a year in holiday pay image
Source : Guardian [Read Article] Monday 19th of June 2017 03:07:12 PM
....07% of their average pay, but workers are often not made aware they are entitled to it or are only paid it if they challenge employers. There is no penalty on employers for failing to pay. ...
Life and death in Apple’s forbidden city image
Source : Guardian [Read Article] Sunday 18th of June 2017 08:30:02 AM
.... But Foxconn would shirk social insurance and be late or fail to pay bonuses. And many workers sign contracts that subtract a hefty penalty from their pay if they quit before a three-month introductory period. ...
Google 'faces €1bn-plus fine' from EU over market dominance image
Source : Guardian [Read Article] Friday 16th of June 2017 10:14:33 AM
.... A spokesman for Google was not immediately able to comment. The Financial Times said the commission was looking at topping the penalty of €1bn handed out to chipmaker Intel in 2009, over its anticompetitive behaviour. ...
Ofcom fines Three £1.9m for failing to maintain 999 access image
Source : Guardian [Read Article] Friday 16th of June 2017 10:12:50 AM
.... It said the network had not acted deliberately or recklessly, but the fine reflected the seriousness of the breach, given the potential impact on public health and safety. The investigation has now been settled and the penalty includes a 30% reduction to reflect the cooperation offered by Three during the investigation, including admitting the breaches identified by Ofcom. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
....The splendid rewards, whatever they are, might arouse less suspicion if Thames did a better job for its customers. But here comes another financial penalty. ...
Thames Water given maximum £8.5m fine for missing leak target image
Source : Guardian [Read Article] Wednesday 14th of June 2017 10:38:37 AM
....Thames Water will pay a £8. 5m penalty after failing to meet its target to cut water leakage from its pipes. ...
PENSION CHAOS: Election leaves retirees in the dark over pension tax rules image
Source : Daily Express [Read Article] Monday 12th of June 2017 04:00:00 PM
....“More than two months after a cut in the Money Purchase Annual Allowance from £10,000 to £4,000 was supposed to have been introduced, we still don’t have the accompanying legislation. "It would seem grossly unfair for HMRC to hit people who have accessed their pension flexibly from age 55 and subsequently paid in less than £10,000 with a tax penalty given the lack of clarity surrounding the policy. ...
Two pharmacy chains announce they will not pass on penalty rate cuts image
Source : Guardian [Read Article] Wednesday 7th of June 2017 09:32:24 AM
. Two major Australian chemist chains have chosen not to cut Sunday penalty rates for employees when a national wage drop comes into effect on 1 July. ...
Lifetime ISA providers: First cash LISA launched by Skipton Building Society  image
.... Otherwise, the bonuses can be used for retirement income but savings can't be accessed before the age of 60. If money is taken for another other reason a 25 per cent charge is applied, though this penalty doesn't take effect until April 2018. ...
Rangers fraud trial: Craig Whyte found not guilty image
Source : BBC [Read Article] Tuesday 6th of June 2017 12:26:41 PM
....Following the verdict, the SFA said it would consider pursuing Mr Whyte over a £200,000 fine for bringing the game into disrepute. The penalty was imposed by the governing body in 2012, but the money was never paid. ...
Sandbanks is priciest seaside town in UK, plus the worst mobile providers image
....PayPal refused to listen when eBay buyer returned item in pieces. Virgin’s £241 penalty because we have to move home. ...
Virgin’s £241 penalty because we have to move home image
Source : Guardian [Read Article] Tuesday 30th of May 2017 06:00:00 AM
....It feels like I’m effectively being penalised for Virgin’s inability to provide me with any services. Even if you accept some kind of penalty, £241 seems draconian. ...
Back to work image
Source : BBC [Read Article] Sunday 28th of May 2017 11:09:28 PM
....". She points out that the "career break penalty" means it's not just the economy that is getting a raw deal. ...
Thousands of drivers caught despite mobile crackdown image
Source : BBC [Read Article] Sunday 28th of May 2017 11:04:33 PM
....The numbers were obtained by the Press Association under the Freedom of Information (FOI) Act. In March, the penalty for using a phone while driving doubled to £200 and six penalty points. ...
Petrofac's move to appease SFO offers fuel for thought | Nils Pratley image
....3bn. Shareholders will also have reflected that SFO investigations tend to take ages and, even when the company admits criminal activity (which Petrofac doesn’t), the process can conclude these days with a deferred prosecution agreement, or DPA, and the payment of a financial penalty that can be chunky but not life-threatening. ...
The great London property squeeze image
Source : Guardian [Read Article] Thursday 25th of May 2017 04:30:19 AM
....The bedroom tax, introduced in 2013 for occupants of housing association or council property, presents a mirror image of Airbnb. In a society where the idea of public housing has collapsed, a financial penalty is imposed on people in social housing with a spare room, while those who are lucky enough to own a house with extra space find themselves with an additional source of revenue. ...
Australians aren't being paid for their productivity. Get set for an industrial relations war | Greg Jericho image
....But the long run of awful wages growth may be enough to shake up the debate. We have already seen the ALP proposing to have penalty rates protected by legislation, and Katharine Murphy reported on Friday that Bill Shorten and the ALP’s workplace relations spokesperson, Brendan O’Connor, have recently met with the ACTU executive to discuss IR policy. ...
RBS court battle with investors adjourned image
Source : BBC [Read Article] Monday 22nd of May 2017 12:12:00 AM
....". Although Mr Allen felt the directors should face some sort of financial penalty, he added: "I know it's not going to happen. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
.... It will, as the current RBS chief executive Ross McEwan put it, “take the organisation back to 2008”. As it is, McEwan is still grappling with problems that date back a decade: the multibillion-pound penalty from the US authorities over the mis-selling of mortgage bonds, and disposal of 300 branches demanded by the EU as punishment for its bailout. ...
VW emissions: bosses face investigation over claims they misled investors image
.... It has agreed to at least $16bn (£12bn) in civil settlements with environmental authorities and car owners in the US, and to a $4. 3bn criminal penalty. ...
Chinese hackers must pay $9m over insider trading scam image
Source : BBC [Read Article] Thursday 11th of May 2017 12:04:50 PM
.... . It said each should pay a the maximum penalty available, as well as returning their ill-gotten gains. ...
New rules spark sharp rise in health and safety fines image
Source : BBC [Read Article] Monday 8th of May 2017 03:43:11 PM
.... . They also judge a penalty using metrics such as the seriousness of an offence and likelihood of harm in cases of "near misses". ...
Bristol housing charity tops list of UK’s most-prosecuted landlords image
.... Housing officers who inspected his homes reported that he had failed to install adequate heating in the houses in multiple occupation – with some tenants wearing coats indoors and others sleeping on the sofa rather than the bedroom because they could not afford to keep more than one room warm. Over 2015 and 2016 the biggest financial penalty imposed on a landlord was £162,000. ...
Diesel scrappage scheme being considered image
Source : BBC [Read Article] Friday 5th of May 2017 12:51:15 PM
....The move has been applauded by the Society of Motor Manufacturers and Traders. "SMMT welcomes the publication of the government's proposals for improving air quality across the UK, which clearly states that the new Euro 6 diesels which have been on sale for the past two years will not face any penalty charges anywhere in the UK," said Mike Hawes, SMMT Chief Executive. ...
No 'peace' for internet users accusing BT of empty promises over broadband speeds image
.... Customers are urged to use the Which? web tool to test broadband speeds, and to complain if they fall short. Under Ofcom guidelines, customers are entitled to exit a contract without penalty if they don’t receive the service for which they are paying. ...
Is Triodos the ethical bank that could replace the Co-op? image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... “There is no such thing as free banking because someone else always pays. ‘Free’ accounts are usually subsidised with high penalty charges and hidden fees, so the most vulnerable customers, or those making a rare miscalculation with the household finances, end up paying an exorbitant price. ...
Barclays chief admits he 'made a mistake' over whistleblowing case image
Source : Guardian [Read Article] Friday 28th of April 2017 08:27:59 AM
....The bank has previously disclosed that the City regulator wants to fine it £50m for reckless misconduct during the time of the cash calls which kept it out of the clutches of the government bailout programme of the time. Barclays is fighting this penalty which has been put on hold while the SFO investigation continues. ...
Brand Masha image
Source : BBC [Read Article] Saturday 22nd of April 2017 11:27:22 PM
.... . "But I am sure there will have been some sort of penalty clause in her sponsor contracts for incurring a suspension. ...
Volkswagen to pay $2.8bn for cheating on US diesel emissions tests image
Source : Guardian [Read Article] Friday 21st of April 2017 03:38:12 PM
....Volkswagen has been ordered to pay a $2. 8bn criminal penalty in the United States for cheating on diesel emissions tests. ...
Adidas apologises for 'you survived Boston Marathon' email image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:31:28 AM
....Security checks were carried out before this year's race with police sniffer dogs and armed officers stationed throughout the course. In 2015, Dzhokhar Tsarnaev was found guilty of being behind the attacks and was sentenced to the death penalty. ...
Should you resist Lisa … out to lure you into saving for a property or retirement? image
....The maximum you can pay in each year is £4,000, coming out of your £20,000 annual Isa allowance, compared to £40,000 for a pension. A pension can be drawn after the age of 55, but with a Lisa you have to wait until 60 if you want to keep the bonus and avoid the penalty – unless you’re using the cash to buy a first home. ...
NS&I launches new market-leading investment bond with rate of 2.2 per cent image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 12:01:00 AM
....com for the next 12 months. Savers wanting to withdraw their money before the end of the three-year term face a penalty equal to 90 days’ interest on the amount cashed in. ...
The early bird Isa investor catches the best returns image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 12:01:00 AM
....“The maximum you can pay in is £4,000 per tax year, which would give you a £1,000 bonus on top,” Onslow says. He adds you need to understand the small print: “A hefty withdrawal penalty of 25 per cent applies if you access these savings before 60 for anything other than contributing to buying your first home. ...
Government launches ‘market-leading’ savings account image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:25:30 PM
.... However, the interest is taxable, so it will count towards your personal savings allowance. You are allowed to cash in all or part of your bond before the three years are up, but if you do, NS&I will deduct a penalty equal to 90 days’ interest on the amount you cash in (you will need to keep a balance of at least £100 to keep your bond open). ...
Broadband prices penalise loyal customers - Citizens Advice image
Source : BBC [Read Article] Monday 10th of April 2017 11:07:59 PM
....The charity said more than a third of customers were unaware of the price increases. The rises amount to a "loyalty penalty" for customers who stay with the same provider, Citizens Advice said. ...

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