News.

Strike forces tax deadline change
HM Revenue and Customs (HMRC) has extended the upcoming tax self-assessment deadline due to a strike by its staff.

UK economy suffers 0.2% contraction
Figures have revealed that the UK economy shrank by 0.2% in the last three months of 2011 which was a worse blow than predicted and has sparked fears of another recession.

Over-60s 'face tighter budgets'
Over half of older people now find it more of a challenge to manage their regular spending each month, new research suggests.

Weak disposable incomes 'to continue'
A return to the disposable income levels enjoyed by low to middle income earners before the recession may be eight years away.

More pensions 'shared after divorce'
Divorce settlements are increasingly involving the pension savings of partners, the Daily Telegraph has reported.

Food spending 'cut to pay for rent'
In a bid to cover their housing costs, over one third of UK consumers have been forced to reduce their food spending.

MPs will not discuss pension e-petition
The Commons will not discuss a 100,000-strong pensions e-petition as no MP has adopted the cause.

Price wars lead to inflation fall
Price wars on the high street in the lead-up to Christmas have fuelled the biggest drop in inflation in nearly three years.

IFAs 'must publish prices online'
Consumer watchdog Which? has called on independent financial advisers (IFAs) to provide clearer information on their prices.

Private sector staff raise pension concerns
A tenth of people working in the private sector have concerns about money that are getting in the way of their work, a study has found.

Bank avoids emergency measures
Emergency measures were not implemented by the Bank of England on Thursday although concerns continued to grow about the economy.

Final salary deficit soars, says PPF
The black hole in private sector final salary pension schemes is estimated to have risen to £255.2 billion at the end of December.

IMA sees drop in fund retail sales
UK domiciled investment funds saw net retail sales reach £267 million during November 2011, according to the latest statistics.

Divorces 'on hold' over pension plans
The Government's reform plans for the public sector pension system could see thousands of couples delay their divorce proceedings.

PM defiant over economic programme
David Cameron has said that he will continue with the Government's current programme of cuts.

Expert opposes European pension proposal
An expert has issued a warning about proposed European pension rules.

Families 'face £1,250 annual hit'
Figures claiming that families are in for a rough ride financially over the next few years have underpinned the importance of saving.

Consumers offered faster payment rights
Consumers are now able to pay their tax and credit card bills on a 'same day' basis via internet and phone banking methods.

Fifth 'know savings compensation cap'
Just over a fifth of consumers know what the compensation limit is for deposits and savings, new research has shown.

One million more households in danger of debt
Our latest MoneyMood Survey shows a million households are worse off now than they were just 1 year ago.