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Charitable minnows muscle in on foundations
Wealthy investors are increasingly setting up their own philanthropic foundations with relatively small amounts of cash, as private banks and advisers cotton on to the growing demand for charitable giving
Deal of the Week - Online cashback guarantee
A shopping website that guarantees to pay cash rebates on purchases from up to 1,000 online retailers
Fixed-rate bonds stop rewarding savers
Savers chasing the best deal for their cash can now earn almost as much interest on instant access as from locking into a one-year fixed rate
Santander launches fee free bank account
Santander, owner of Abbey, has launched a bank account that does not impose any fees – even if the holder exceeds their overdraft limit – in advance of a major court decision into the fairness of penalty charges.
Savers urged to snap up high-rate offers
Savers are being urged to take advantage of high-interest offers on cash accounts as the base rate looks set to remain at 0.5 per cent until well into next year
Growing number of Britons lie about their debt
Trust and honesty may form the foundation of a strong relationship, but not when it comes to debt. In a study by AXA, 40 per cent of Britons will lie to their partner, friends or family to cover the true state of their personal finances.
FSA urged to drop complaints plans
Loan insurance providers are urging the Financial Services Authority to drop plans to force them to reopen some 185,000 previously rejected customer complaints.
Children’s savings accounts pay low rates
The average rate for a children’s instant access savings account is less than 1 per cent on a £1,000 balance
British parents struggle with no savings
Over a quarter of parents have no savings and investments, raising concerns over whether British families are able to afford the costs of raising their children.
Succession planning: Tricky business of giving it away
It is not easy to hand your money on, explains Lucy Warwick-Ching
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