Plan to give cashback without you having to buy

People could get cashback from local retailers without first having to buy something under new proposal An amendment to Financial Services Bill is to be debated in the House of Lords  If accepted, cashback without purchase could be available as early as May By Jeff Prestridge for The Mail on Sunday Published: 22:32 BST, 10 April … Read more

Let all banks share abandoned high street branches, says Ceeney

Natalie Ceeney, the country’s leading authority on the damage done to communities when banks and cash machines close, says the Government and regulator have just ‘months left’ to introduce rules that will safeguard nationwide access to cash. Failure to act swiftly, she says, will leave hundreds of communities up and down the country facing an … Read more

Tory and Labour peers put forward plan to fix Child Trust Fund lockout

An industry-devised workaround to allow the parents of disabled children access to otherwise-locked Child Trust Fund and Junior Isa savings without having to go to court could be given legal backing under proposals put forward by peers. Former Tory cabinet minister Lord Young and Labour’s Lord Blunkett have proposed an amendment to the Financial Services … Read more

Yorkshire BS boss Mike Regnier nets £226,000 bonus

The chairman of a parliamentary group that normally waves the flag for financial mutuals has criticised building societies for awarding chief executives five or six-figure bonuses last year while the country was in lockdown.  Exclusive research by The Mail on Sunday shows that 23 building society bosses received bonuses last year, ranging from £3,000 to … Read more

Would you spy on granny’s financial transactions? Debit card launched to prevent financial abuse

A new financial services company has launched a debit card that allows families, friends and carers to manage an elderly person’s financial affairs through a virtual or physical debit card. The co-founder of GuardianCard, Nick Thompson, says the business and card were created to prevent the elderly being subjected to theft and other types of … Read more