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Updated: 12:18 EDT
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Virgin Money launches one-year fixed savings account

Virgin Money has today launched a savings account which offers its interest in air miles with the Virgin Atlantic airline. The bank hopes to lure savers into the one-year fix with 1,400 Flying Club miles for each £1,000 saved, instead of traditional interest.

A massive 129 modern cars reviewed by Which? exceed the standard limit of a parking bay. It suggests the UK parking space is no longer sufficient for today's cars.

Can my wife claim some of her late ex-husband's pension?

During the divorce the assets except his pension were amicably split 50/50. As this was his only income my wife agreed that he could keep the pension. But this was a private agreement and was made without any expectation that he would be diagnosed with cancer and die only a few years later. Does my wife have a legal claim on the pension?

The SMMT said manufacturer investments in the UK fell to £347.3m between January and June this year, down from £647.4m in the first half of 2017.

The Financial Conduct Authority has outlined plans to introduce a new signposting system designed to push people with long-term health conditions away from mainstream insurers.

UK Asset Resolution, which is winding down the mortgage books of failed lenders Northern Rock and Bradford & Bingley, said it was 'probable' it could complete the sell-down by 2021.

Eye-opening statements culled from focus groups reveal that understanding of how pensions work is poor, levels of mistrust are high, and many people plan to rely on their homes to fund retirement.

EDITOR'S DEALS OF THE WEEK
* Sharia-compliant account pays 'expected profit rate', £50 bonus to fund account ** covered by the French deposit guarantee scheme not FSCS. For current account rewards and interest conditions may apply eg. using provider's full switching service, min deposits and direct debits. For savings, access maybe limited, min/max deposits may apply. See T&Cs.; Representative example: If you spend £1,200 at a purchase interest rate of 18.95% p.a. (variable) your representative rate will be 18.9% APR (variable).

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FTSE LIVE: Carpetright swings to a full-year loss; London stock recovers some lost ground

The FTSE 100 closed up 28.08 points at 7537.92, after clawing back into the black following its dramatic plunge yesterday. Struggling floorings retailer Carpetright reported a full-year loss spearheaded by dwindling consumer confidence in the UK and increased competition. 'No one is showing any signs of backing down in the escalating and dangerous trade war that was started by the US,' said a City pundit, regarding today's market moves.

Carpetright made a loss amid 'tough trading conditions'. It has been granted permission to close 81 shops after claiming the portfolio was unsustainable.

There will always be some role for conventional selling and letting agents, people who know a local market and know how to sell it. But it will be a smaller pool, and a tougher one.

Moves to beef up sanctions follow the BhS and Carillion scandals, where savers ended up in the official pension lifeboat scheme with reduced payouts in retirement.

Those with short positions include Old Mutual Global Investors and Marshall Wace, which between them have 1.6 per cent of shares, figures show.

Old Etonian Octavius Black and his wife, Joanne Cash, are set to make a combined £24m when Mind Gym makes its debut on the London Stock Exchange this week.

10 cars most likely to be listed for sale under £1k

Everyone remembers their first motor - they're usually old, well used and flirting with the big scrapyard in the sky. These are the 10 models you're most likely to find if you are searching for a car for less than £1k. From top, left to right: Ford Fiesta, Renault Clio, Nissan Micra, Vauxhall Corsa, Renault Megane, Ford Ka.

James Hawken, 49, wants to rally support among pension savers left out of pocket, pile pressure on politicians to investigate and potentially launch legal action against providers.

Kibo Mining aims to be a leading regional player in addressing that need, a strategy that is just emerging after a rethink about the company's mining assets.

Single first-time buyers need over a decade to raise a deposit - and Londoners could take

A single first-time buyer who started saving up for a deposit earlier this year will not be able to buy a home until 2028 in certain parts of England and Wales. To raise enough money for a 15 per cent deposit on a first home, a single first-time buyer will need to save for just over 10 and a half years, new figures by Hamptons International show. With pay packets gradually creeping up and house prices cooling off in areas like London, the amount of time it takes for a single first-time buyer saving up for a deposit to get on the housing ladder has dipped slightly from the 11 year mark seen a year ago.

With Brexit looming, the capital's prowess as a hub for finance and culture shows no signs of slowing down, the Boston Consulting Group's survey suggests.

I've been running a graphic design business as a sole trader long before meeting my partner and she has not contributed a single penny to it, could she still get some of the assets?

How to escape the higher household bill trap - and save £2,000 a year

Millions of households are routinely overpaying or losing out by hundreds of pounds a year by falling victim to the 'default penalty' sting - one that shunts people into poor financial deals and costs £8 billion a year. Households are being caught in four key areas - energy, mortgages, savings and home communications. Here we show how you can escape these traps - and boost your annual household budget by £2,000 by switching deals.

High street beauty chain, Superdrug, has stepped up to take on the likes of EE and Vodafone with its first Sim-only rolling contract. The £10 deal earns you loyalty points. Is it any good though?

Shares in Britain’s biggest estate agent Countrywide crash to all-time low

On a brutal day for investors, Countrywide stock fell 30 per cent, meaning it has lost 54 per cent of its value so far this year and more than 90 per cent since its peak in 2014. The group, which owns brands including Hamptons, Bairstow Eves, Beresford Adams and Gascoigne-Pees, was worth £1.6 billion four years ago but is now valued at £131m.

Tencent is hunting for takeover targets in Britain because of the country's talented entrepreneurs and impressive investment record, according to senior figures.

There is a conviction among EU officials that in much the same way as the euro and Greek debt crisis was 'fixed' after 2010, so with right minded policies the migration problems can be resolved now.

High street stalwart Marks and Spencer has joined forces with technology giant Microsoft as it bids to revive its fortunes using technology, including Artificial Intelligence.

The British chain will open its first US outlet in Washington DC in August in a bid to encourage fast-food fans to swap Big Macs and hot dogs for healthier alternatives.

Britons warned of dangers of driving dehydrated in heatwave

Scorching temperatures of up to 90F have been predicted this week, which will see Britons bathed in hotter conditions than Tahiti. And this poses a risk to motorists who don't consume enough water, studies have shown. A Loughborough University study showed a similar decline in reactions to being over the drink drive limit.

Garden waste being processed near Stirling

Increasing numbers of local authorities are making money from the service, which used to be included in council tax, according to BBC consumer series Rip Off Britain: Live.

Lloyds Bank is slashing the interest it pays Club Lloyds current account customers from 2 per cent on the first £5,000 to 1.5 per cent, at the start of next month. So should you switch to a better deal?

TONY HETHERINGTON: Time is money... the £9,000 Rolex I purchased online is a counterfeit

I purchased a Rolex online for £9,000. The seller had arranged payment through PayPal so we were both protected, he said. I called PayPal and it confirmed I would be fully protected if anything went wrong. The watch turned out to be counterfeit and the seller immediately went to ground. PayPal said it had frozen the payment, but demanded proof from Trading Standards or Rolex that the watch was fake. I supplied both, but got no refund.

How keying in the number '0' instead of letter 'O' can cost hundreds in parking penalties

Getting the letter 'O' mixed up with number '0' is an easy mistake to make. But get it wrong when using a car parking machine and it can end up costing you hundreds of pounds in fines. Personal trainer Danni Crawford faces such a demand from debt collectors after failing to key in correctly her car registration number on four separate occasions - tapping in a zero rather than the letter O. She says the first she learned about the errors was when details of the fines arrived in the post.

Would you pay more tax to save the NHS? Listen to the This is Money podcast

The National Health Service is 70 years old this year and most of us are proud of the British institution, leaning on it in our times of need. However, we're living longer with more complex problems and the service keeps crying out that it needs more money. Should we pay more tax for it?

The UK's biggest supermarket argued that less than one in eight transactions receives a refund under the scheme and said the 'majority' of customers would prefer lower everyday prices.

How to keep your pet premiums on a tight leash

Thousands of pet owners are being forced to ditch insurance for their dogs and cats because of rocketing premiums. Around 12 million households have a pet but as many as eight million are uninsured, leaving them at risk of hefty bills should they have to visit a vet. Here we look at the options available, how to keep costs down and the key facts pet owners need to know about their insurance cover.

Peer to Peer lending offers an alternative way to invest, particularly in the property space, as a viable, high return option that offers a good level of security for their funds.

Liane Katz, 40 and a mother of two, runs MAMA.codes, a business that teaches school children aged between three and eight in London the basic principles of computer coding.

Is Nationwide Building Society boss REALLY worth £2.3m a year? Customers cast their vote

Customers of Nationwide are being urged to vote against the fat-cat pay being enjoyed by the board's 'gang of four' executives at next month's annual general meeting. The call to action has been made by the Building Societies Members Association, a longstanding organisation that passionately believes mutuals such as Nationwide should be run primarily for the benefit of those who own them - savers and borrowers - and not for the personal gain of top executives.

Although mutuality is a force for good in financial services, it is not a given. Member-owned businesses are not guaranteed to succeed.

Nationwide's Joe Garner is not the highest paid executive of a mutually owned financial services business. That accolade goes to Phil Loney.

SUNDAY NEWSPAPER SHARE TIPS: PTSG, Sirius Minerals, Bank of Georgia and Serco

We round up the Sunday newspaper share tips. Joanne Hart and her Midas column in the Financial Mail on Sunday takes a look at PTSG, a company that provides specialist services for buildings across the UK and updates on mineral firm Sirius. Meanwhile, the Sunday Telegraph runs the rule over the Bank of Georgia while the Sunday Times delves into outsourcing giant Serco.

Location, Location, Location's Kirstie and Phil's tips for buyers and sellers

There's nobody better to ask for advice if you want to sell your home - now or in the future - and would like to get the best possible price than Kirstie Allsopp and Phil Spencer (inset). Allsopp and her co-host on Location, Location, Location have been helping people move since 2000. They give us their tips and Kirstie casts her eye over a selection of houses pictured.

High property prices are putting home owning out of reach for many. According to a recent study by HSBC, only 31 per cent of young people said they were able to buy a home.

Following 13 years on BBC1's Homes Under The Hammer, Lucy Alexander is showing viewers how to achieve luxury interiors for less in her new show, Bang On Budget (Sundays at 5.35pm on Channel 4).

Invest your money in a second holiday home

There are so many ways to make it work to your advantage through buying property, whether it be a holiday home for you and your family, a house or flat you can rent out, or somewhere for one of your children to live, possibly when they are a student. A holiday home in the sun is possibly the most immediately appealing option, with many places in the Mediterranean still surprisingly inexpensive. Pictured left: This three bedroom semi-deteached villa in Davutlar, Turkey, is £99,950. Bottom right: Various flats are for sale at Bath's Riverside development. Top right: A three-bedroom apartment in this block in Ibiza is selling for £481,000.

Retirement shouldn't mean retiring from the finer things in life - it should mean having a chance to enjoy them. Now, thanks to the very latest in retirement developments, this possible.

At some point, most of us reach a stage when we want to put our feet up. Maybe the way to do that is to buy a smaller home, so we don't have to look after all those empty rooms.

Which car brands are most - and least - likely to knock money off a new motor?

The average discount on the list price of vehicles between March and May was £2,581. However, of the 7,500 purchases reviewed, 218 customers couldn't get a single penny off the retail price of a new car. These are the brands providing the most wiggle room and the ones who don't want to haggle on price at all.

A Money Mail investigation has found drivers who take out cover on the day it is due can be charged £200 more than they would have been 24 hours earlier - even those who shop around for better prices.

The elegant U.S. port city of Charleston, South Carolina is where Sweden-based, but Chinese owned, Volvo, founded in 1927, has built its first U.S. factory.

Halifax reveals best places to live by the seaside in the UK

Sandbanks in Poole has been named as the most expensive seaside town in the country, with an average house price of £626,553. The top 10 most expensive seaside towns also include Salcombe in Devon and Aldeburgh in Suffolk.

We must fight speculators who hijack the market, says Neil Woodford

Woodford, founder and head of investment at Woodford Investment Management, has suffered a rocky 18 months as the value of his flagship fund has plummeted. But in an interview with leading City research firm Square Mile, he told how speculators were causing wild swings in stock prices that were destroying faith in the stock market.

Ultra-rich investors are piling cash into fine art and wine as returns soar. A boom in demand for modern art and classy bottles of vino is pushing up prices - and making profits for investors.

A novice trader made £9m after his practice account turned out to be real. Harouna Traore opened what he believed to be a dummy account with broker Valbury Capital.

Digital cameras are being taken off the shelves at Dixons Carphone and being replaced by flat-screen TVs in a bid to turn around the struggling business.

The car maker reportedly wants to include the discounted stock option in an initial public offering planned for the autumn. This would be alongside an employee share scheme.

What happens if pension sharing order is not passed on after divorce?

My ex-husband and I divorced in June 2006 and I was awarded a pension sharing order for one of his final salary pensions. I have recently discovered that the order was never passed to the pension company. The fund has since merged with that of the parent company and the administrator says the order would no longer apply as it is out of date and also for an invalid named scheme. My ex says he cannot be held liable for the failure to transfer as he fully complied with the court order. What can I do? Lawyer Jane Keir replies.

Nearly £25m-worth of attempted fraud prevented due to rapid response scheme which sees bank branch staff easily contact police if they suspect a customer is in the process of being scammed.

This Ferrari 250 is set to become the priciest car bought at auction - but is still a

The Ferrari 250 GTO is the third example built by the Italian factory in 1962 and is just one of 36 in existence. Take a guided tour around the $45m beauty in this selection of stunning images.

The Lifetime Isa is a duff idea but a great deal if saving for a home

The Lifetime Isa's 25% bonus is a level of a return you would need to wait 25 years to achieve on money paid into a standard savings account paying 1.5 per cent interest. So, while it is a bit of a duff product, it can also be a great deal. If you are saving for a first home then get one (or tell your children or grandchildren to open one if they are).

Why the super-rich are investing in wine... but that doesn't mean you should too 

Ultra-rich investors are piling cash into fine art and wine as returns soar. A boom in demand for modern art and classy bottles of vino is pushing up prices - and making profits for investors. It's a classic symptom of a bull - and, many believe, overinflated -market, where wealthier investors seek different assets to jump on.

Best towns and cities to invest in property revealed in buy-to-let map

Buy-to-let landlords squeezed by recent tax changes may find better returns by targeting towns with strong student populations, research suggests. University towns and cities where housing is cheap, such as Liverpool and Middlesbrough, provide rental yields up to seven times higher than in London, a study by credit specialists Totally Money found. Its report compared average rents to house prices to highlight the most profitable places for buy-to-let and named a pair of postcodes close to two of Liverpool's three universities as a hotspot for property investment - with rental yields of almost 12 per cent.

Can my son challenge my will because I disinherited him?

My youngest son has been abusive and, at times, even violent towards me. In view of his behaviour, I drafted a new will over 10 years ago leaving everything to my eldest son. I've seen various press articles suggesting that disaffected family members are achieving more success in challenging wills which do not make any provision for them. My youngest son has stated that 'when I'm dead he'll be back for his share' and I'm concerned that he may still inherit despite my wishes. Could he challenge my will? Lawyer Daniel Winter (pictured) replies.

When will UK interest rates rise?

The Bank of England's Monetary Policy Committee kept interest rates on hold at 0.5 per cent, in spite of forecasts of a 90 per cent chance of a rise just three weeks ago. Policymakers voted 7-2 for a hold, with the two members who called for a rise saying that they believed there were 'upside risks' for inflation.

We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?

Pick the best (and cheapest) investment Isa platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.

Rightly or wrongly, some people simply want a quick, straightforward route map to investing in an Isa. To that end, this is our distilled guide to getting started.

What next for mortgage rates?

Borrowers are being offered a raft of cheap fixed rate mortgages as lenders attempt to lure them into remortgaging or buying a home. But HSBC has decided to buck the trend and launch a new rate mortgage that is a tracker instead. We pick out the best fixed and tracker rate mortgages and look at what next for rates.

Ten tips for buy-to-let: Essential advice for property investment

Buy-to-let is much tougher than it once was. A tax crackdown on buying properties and a tax raid on the rental income from owning them has seen to that. But for many Britons the idea of investing in property still appeals, as they trust bricks and mortar and may feel that they can add value to a property. Read our top ten buy-to-let tips

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