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Improve Money Rules In 50 Words. Suggest easy changes for our politicians

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  • thedj
    thedj Posts: 7 Forumite
    The term 'annuity' in pension plans is confusing. It complicates the process and either people do not start saving or don't make best use of their pension or 'annuity' purchase options. Drop the term in favour of 'pension' so you buy your pension with your pension savings. Simples! People will understand this better and may save more and purchase a purchase a better pension?
  • adder1
    adder1 Posts: 6 Forumite
    Ban the imposition of management charges on pensions and other investment products based on the value of the fund if it dos not provide a positive return in the year. Fees should only be chargeable as a percentage of contributions or growth
  • Stop penalising those who choose not to pay by direct debit (ie £4.50 a quarter at BT is excessive)
  • Hi All, Hope you agree! Company pensions should have outright protection, they should not be used as an asset, but be seperate from the company and not be drawn against by creditors or anyone else, these should not be seen as a companys assets, but monies set aside for the employees.
  • Interest rates on cash ISAs should be clearly displayed on annual letters. Currently very few do this, some institutions send a booklet with multiple savings account details making it almost impossible to see what rate the account you have offers.
  • tonywp
    tonywp Posts: 5 Forumite
    In view of the fact that crude oil prices have hardly changed, why has the price of motor fuel risen so much.
    This profiteering must be stopped. The government must now impose controlled fuel prices as in many other countries...RIP OFF Britain. Time to take action.
  • dinnjo
    dinnjo Posts: 11 Forumite
    Part of the Furniture Combo Breaker
    "There should be a government regulator to oversee Cthe price of domestic LPG gas .
    Consumers are tied into 2 year contracts during which time the supplier can apply unlimited price rises.
    All suppliers should publish a standard price.
  • webwiz
    webwiz Posts: 215 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    All accounts paying interest should prominently display the interest rate being paid on statements and on-line enquiries etc
  • webwiz
    webwiz Posts: 215 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    People like me who stay in credit pay no charges even though the bank has incurred costs. Charges are levied only on those overdrawn. Banks should charge as closely as possible to the actual costs incurred per transaction, but should also pay interest on credit balances.
  • As a country we look greedy and mean, when we visit many EU countries we have free access to parking in Europe in towns and on the motorways - why not here?
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