MONEY MORSELS

Email axed

moRe than 5,000 people with Which? email accounts have been told that they will not be able to use them after may 24. The consumer group said its service, which was set up in 1997, is too basic for modern email users and that it will set up an alternative with providers such as Gmail or Hotmail.

Unfair fare ban

TWO Megabus advertisements promising fares ‘from £1’ have been banned. The Advertising Standards Authority watchdog received complaints from people taking journeys between Aberystwyth and Birmingham, and London and Bath. The budget travel firm admitted there might only be one seat available at £1 on some coaches.

Landline promise

BT CUsTomeRs with landlineonly deals have had monthly bills cut by £7. They will save £84 a year as telecoms watchdog ofcom ruled costs should fall from £18.99 to £11.99 a month. BT line rental and call charges will rise by no more than inflation for three years.

Retirement blow

SAVERS are not being given full details about the cost of cashing in their pensions, the City watchdog warns. A report by the Financial Conduct Authority said savers are not being given ‘comprehensive information about charges and investment returns’.

Pension gap wider

Women have pensions worth £85 a week less than men on average, new figures show. In 2007, a retired single woman typically had a gross income of £294 a week, while a man received £325, a £31 per week difference. Today, men have seen their pension income soar to £401 but women receive £316.

Flying miles

VIRGIN has launched a new Atlantic Reward credit card. It earns 0.75 flying club miles for every £1 spent, which can be exchanged for rewards including flights and upgrades. The Reward+ card offers double points with a £160 annual fee.

Leasehold help

ReTIRemenT flat owners will be able to turn to an independent watchdog if they are hit with rip-off fees. Property management companies can impose huge costs for repairs and maintenance on leasehold homes. The ministry of Housing, Communities and Local Government says it will create a new regulator able to fine firms found to be acting unfairly.

Cheap equity loan

THE COST of releasing equity from your home in retirement has fallen by a third in five years. Borrowers taking out a lifetime equity release mortgage now pay 3.7 pc a year on average, down from 5.7 pc in 2013, according to advisers Key Retirement.