What the (midweek) papers say
This week’s mid-week money sections continued to be savings-heavy, following the coverage trend of last few weeks. This week, Tricia Phillips in the Daily Mirror pointed out that those of us who haven’t embraced online banking are often missing out.
In the Daily Mail, James Coney suggested finding a bank account to suit your lifestyle. Conversely, while a third of people are unhappy with their bank, only 7% of bank customers have switched their account in the past two years.
Moreover, with university tuition fees set to soar, there is concern over saving for further education. The practical advice from The Telegraph is to be realistic, to save little and often and to make the most of tax-free savings accounts and ISAs.
Insurance pieces accounted for a fifth of the money stories this week – a rise from the one or two articles that have appeared over the last fortnight. In the Daily Express, Esther Shaw urged those who have been mis-sold loan insurance to act fast to claim compensation. Apparently banks are aiming to block insurance refunds, so it’s act now or regret it later. The Daily Mail also commented on confusion over insurance claims this week. Despite the FSA’s proposed rules which could lead to compensation for customers whose PPI complaints have been rejected, the BBA believes these demands are illegal and wants them investigated…watch this space!
For the first time in four weeks, mortgages only made it into one piece as opposed to their average weighting of 15%.
A complete round up for this week’s topics is as follows:
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