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September 2, 2014 - Latest:

Payday loan problems soar by 42%

Payday loan problems soar by 42%

The number of people struggling with payday loan debts has soared by 42 per cent this year, debt charity StepChange has warned. In the first six months of 2014 the [...]

Women are less likely to take advice at retirement

Women are less likely to take advice at retirement

Only 40 per cent of women say they are likely to take financial advice at retirement, compared to half of men, a new study reveals. Two in five working women [...]

More than 48,000 use Help to Buy

More than 48,000 use Help to Buy

More than 48,000 people have bought homes through the Government’s Help to Buy scheme since it launched last year. Official figures reveal that 82 per cent of those who have [...]

Lloyds is most complained about bank

Lloyds is most complained about bank

Lloyds Banking Group was the most complained about financial services company in the first half of this year, new data reveals. The state-backed bank, which also owns the Halifax and [...]

UK equity funds prove popular with investors

UK equity funds prove popular with investors

UK equity funds have proved the most popular with clients since the launch of New Isas (NISAs) in July, according to Tilney Bestinvest. Since the new Isa limit of £15,000 [...]

Half of homeowners would struggle with 1% rate rise

Half of homeowners would struggle with 1% rate rise

More than half of homeowners would struggle if interest rates rose by just 1 per cent, new figures reveal. While it is impossible to predict exactly when the Bank of [...]

Consumers miss out on huge savings by sticking with same providers

Consumers miss out on huge savings by sticking with same providers

More than half of consumers have not switched any of their financial products in the past year, meaning they could be missing out on huge savings. Sixty per cent of [...]

Surgeons are the most accident-prone drivers

Surgeons are the most accident-prone drivers

Surgeons may be best placed to save your life on the operating table, but they are the most accident-prone professionals you are likely to encounter on the road, according to [...]

A quarter of Brits have turned down wedding invite due to costs

A quarter of Brits have had to turn down an invitation to a wedding because of the cost of attending. The cost of stag and hen parties, travel to the [...]

Woodford sells out of HSBC due to “fine risk”

Influential fund manager Neil Woodford has revealed he is selling out of HSBC because of the “unquantifiable” risk of regulatory fines. He believes regulators are setting fines according to banks’ [...]

Deutsche Bank hit with £4.7m fine for failing to properly report transactions

The City regulator, the Financial Conduct Authority (FCA), has hit the London arm of Deutsche Bank with a £4.7m fine for incorrectly reporting transactions between November 2007 and April 2013. [...]

Housing costs on a “cliff edge” with three in five anxious over household bills

Charity group Citizens Advice has warned that the pressure of hefty bills such as childcare and energy costs will mean that half of households will have to slash spending this [...]

Pound shop retailers not offering value to potential shareholders

Pound shops may not offer value or at least not to equity investors with fierce competition environment and a struggle to increase margins due to their cost cutting measures argues [...]

UK equity income sees £1bn net sales in July

UK Equity Income was the best-selling mutual fund sector in July with net retail sales of £1.0 billion out of total sales of £1.9bn. Tracker funds net retail sales highest [...]

Mortgage borrowers expecting to pay £590 more a year if rates rise 0.5%

Mortgage borrowers expect to pay £590 more a year on average if interest rates rise by 0.5% according to research by Comparethemarket.com. The firm says that for the 11.2 million [...]

Millions of motorists ignoring the risks of driving the morning after the night before

A new report suggests that millions of UK motorists are putting the lives of other road users at risk and could face losing their driving license because they are driving [...]

Know what ISA, AER and FSCS mean? Then you’re in the minority

Consumers are being bamboozled by jargon and technical language from banks and building societies, with only half of people knowing what an ISA is. Research from National Savings & Investments [...]

Funny money: More than £1bn of loose change resting in coin jars countrywide

An estimated £1.3bn of loose change is sitting in coin jars across the country with the typical pot containing £40.80. The study from comparison site Gocompare found that 31.3m UK [...]

Brokers back UK house-builder Taylor Wimpey

Confidence is growing in Taylor Wimpey as analysts at The Share Centre upgrade their recommendation on the house-builder’s shares to a ‘buy’. While its stock is off by 10% over [...]

Does a ten year bund yield of 1% mean deflation?

Michael Krautzberger, Head of European Fixed Income at BlackRock, comments on German 10-year Bund yields crossing below 1% and provides some graphs for his analysis too.  German short-dated yields have been low for several [...]

UK households still pessimistic about their finances

The UK’s Markit Household Finance Index rose fractionally to 42.2 in August, up from 42.0 in July but still well below the neutral 50.0 value says Markit, indicating pessimism. Negative [...]

BHP Billiton – shares not capital on offer from demerger – but The Share Centre still says ‘Buy’

Mining giant BHP Billiton plans to spin-off some of its assets into a new (£8.4bn) metals and mining company specialising in aluminium, coal, manganese, nickel, and silver. BHP Billiton will [...]

Hargreaves Lansdown offers low cost income drawdown ‘retirement bridge’ to investors who have delayed annuity decision

Hargreaves Lansdown is offering a low cost drawdown plan which it terms a ‘retirement bridge’ with a minimum fee of £75+VAT. It says this will allow investors to draw their [...]

European real estate could return 7% a year but deflation remains a threat

Aviva Investors is forecasting that the European ex-UK real estate market could return up to 8.2% a year over the 2014-2016 period and 7% per annum over the longer term [...]

Guest blog – why the financial watchdog should not have banned Cocos from the retail market

Cormac Hollingsworth, research associate at thinktank the Social Market Foundation makes the case for why the financial watchdog should not have banned bank bonds known as Cocos from the the [...]

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