Friday, March 2, 2012

Personal finance: Loose change

THE FINANCIAL Services Consumer Panel, an independent watchdog,says the banking industry is still not doing enough for the poor, whowill be paid state benefits through banks in a year. Mystery shoppersfor the FSCP were not offered a basic bank account, credit was toofreely available, one in five was rejected because of county courtjudgments or identification demands.

MANY BRITISH holidaymakers taking short breaks to the continentare booking on the internet but forgetting to buy travel insurance ordismissing it as unaffordable. So says insurer Primary Direct, whichlaunched Primary Essentials for holidaymakers on tight budgets. Itoffers up to pounds 5m medical and emergency services expenses coverper person, pounds 2m personal liability, pounds 10,000 personalaccident, pounds 1,000 for cancellation or curtailment and pounds 750for personal effects. Prices start from pounds 10 for 5 days' coverto Europe for an adult, and pounds 21.50 for a family. Call 0870 4443434.

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