Mastercard bans conversion con on its prepaid cards

Mastercard bans a conversion con on its prepaid cards which strips millions of pounds a year from British travellers Tourists are routinely offered a chance to pay in their ‘home’ currency  This process is called ‘dynamic currency conversion’  Such conversion rates are expensive, as the Mail on Sunday warned last week  By Laura Shannon, Financial … Read more

MPs plan a revolt against rules that hit the pensions of older British citizens living abroad

MPs plan a revolt against rules that hit the pensions of older British citizens living abroad The Government groups certain policies within a single legal bundle  It means pensions are stuck at rates that applied when people left the UK Anne Puckridge moved to Canada in 2001 to be near her daughter and her pension … Read more

Insurers are told to ban the practice of ‘dual pricing’

Consumer experts are calling for a ban on ‘dual pricing’ in the insurance market to end widespread discrimination against loyal customers. They call recent initiatives by a handful of insurance giants aimed at improving the lot of long-standing customers as ‘gimmicks’ that do not go far enough. Andrew Hagger, of financial consultancy MoneyComms, says: ‘Recent … Read more

JEFF PRESTRIDGE: End this attack on the finances of the nation’s middle classes

Although I normally have little time for the pontifications of the Organisation for Economic Co-operation and Development, its latest report on the financial health of this country’s middle class is required reading. It’s pretty grim stuff, certainly not a Lynda La Plante page turner.  But at the very least it should provide a wake-up call … Read more

Cashless society? Fine… until you lose your wallet as our Personal Finance editor found out

All too easy: The banks are relentlessly pursuing an agenda to take us away from using cash but it doesn’t work for everyone Slowly but surely, like a Number 9 bus, we are moving towards a cashless society where plastic and payment apps rule. Move over bank and building society branches run by tellers with friendly … Read more

Stagecoach mulls a takeover of the UK’s largest bus operator Arriva after it goes up for sale

Stagecoach mulls a takeover of the UK’s largest bus operator Arriva after it goes up for sale City sources said Stagecoach is interested in buying Arriva’s bus business   Arriva has been put up for sale by German Transport giant Deutsche Bahn  It operates more than 5,000 buses in Britain and has divisions across Europe By … Read more

Ford told to ‘come clean’ over factory closures and the future of its British operations

Ford told to ‘come clean’ over factory closures and the future of its British operations as it faces pressure to cut costs in Europe By William Turvill, Financial Mail On Sunday Published: 21:49 BST, 13 April 2019 | Updated: 11:06 BST, 14 April 2019 Unions are calling on Ford to ‘come clean’ over the future … Read more