CHARLOTTE, N.C. — said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to The government-approved deal, AIG’s second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government. The [ Read More → ]

Figures published by the Pension Protection Fund (PPF) have revealed a sharp fall in the deficit of the UK’s defined benefit pension schemes. According to the PPF, the deficit was trimmed to £15.1 billion at the end of February from £51.9 billion at the end of January. It is also a significant [ Read More → ]

Bank of America Corp. plans to announce Wednesday that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations. The move means that any customer who attempts a purchase with insufficient funds will be denied at the point of [ Read More → ]

NEW YORK - A year after the stock market began its comeback from 12-year lows, investors are looking for the next big thing. Stocks have lost some of the momentum that propelled the Dow Jones industrial average up 4,017 points, or 61.4 percent, from its close of 6,547 on March 9, [ Read More → ]

A year after the stock market bottomed out, workers are still a bit pessimistic about having enough money for retirement. The Employee Benefit Research Institute’s annual retirement confidence survey shows increasing numbers of workers saving less. Here’s a look at some of the findings of the 20th annual survey: Percentage of workers who: , [ Read More → ]

AA Insurance said around 1,900 pothole claims were made by motorists during February after roads were damaged by one of the most severe winters on record. The group said pothole claims had soared by around 600 per cent during the past three years, as councils struggle to [ Read More → ]

One website, bumblebeeauctions.co.uk, sells unclaimed stolen property from the police Photo: PA By showing a little nous and surfing the web you can save a bundle. To help you on your way here are our top 25 money-saving websites. 1. Groupola is based on a concept known as collective buying power. To get the [ Read More → ]

Sir Stirling Moss: ‘Do I bank online? Good lord no’ How do you invest? I endeavour to use money to my advantage by investing it in property. My father used to say there is no better hedge against inflation than bricks and mortar and I believe he was right. At [ Read More → ]

New research by Saga Personal Finance has revealed that almost half (41%) of over fifties with ISAs are planning to make the most of the recently increased ISA limits in the forthcoming tax year by using their maximum allowance, with four fifths (81%) of over 50s now … Read the original [ Read More → ]

According to figures released by debt charity Consumer Credit Counselling Service, men are more likely to become insolvent than women. Last year, of those the charity recommended an Individual … Read the original article at Totallymoney