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March 2, 2015 - Latest:

Weekly savings update: HSBC launches new ISA as Charter Savings Bank enters market

2 March 2015

Savingschampion.co.uk founder and Mindful Money columnist Anna Bowes looks at what deals are hitting the marketplace and whether they are worth your attention… Charter Savings Bank has entered the savings [...]

Shortage of adequate savings is keeping Britons up at night

2 March 2015

Nearly one in seven Britons are kept awake at night over money worries, which is ultimately impacting their day-to-day lives claims new research from TopCashback.co.uk. The analysis revealed that it’s [...]

Britons saving at an ever increasing rate as the population becomes more concerned over its future wealth

2 March 2015

Britons are becoming much more concerned about their financial future as new research from Scottish Widows has revealed that three quarters of people are now saving. The UK is becoming [...]

City watchdog puts extra consumer protection in place ahead of pension freedom

27 February 2015

The City watchdog has announced new consumer protection ahead of the pension freedoms to warn retirees about the risks of accessing their pensions.   The new flexibility that allows access [...]

The practice of penalty point swapping is thriving across the UK

26 February 2015

It has been nearly two years since former cabinet minister Chris Huhne and his ex-wife Vicky Pryce were sentenced to prison terms for perverting the course of justice after they [...]

Car insurance auto-renewal costs motorists £1.3bn per year

24 February 2015

UK motorists are wasting £1.3 billion each year by allowing their car insurance to automatically renew, at the price set by their insurer. Failing to shop around for a better [...]

PPI complaints ease, but still top 100,000 in six months

24 February 2015

The Financial Ombudsman Service received a total of 161,649 new complaints against companies in the second half of 2014, down 15% from 191,129 in the first half of the year [...]

Payday lenders must show costs on price comparison websites

24 February 2015

Payday lenders will be required to publish details of their products on at least one price comparison website, the Competition and Markets Authority (CMA) has said. Separately,  Wonga revealed today that [...]

Almost 40% of Britons intend to use their ISA to fund retirement‏

23 February 2015

The retirement ISA’, or ‘RISA’ is emerging as the preferred retirement savings vehicle of many Britons claims new research from fund manager BlackRock. The group’s latest Investor Pulse survey has [...]

Married couples can register for tax break from today

20 February 2015

Married couples can register for a new tax break from today, that is expected to make over four million couples better off.   Couples who are married or in a [...]

Almost half of Britons now bank via their smartphone

19 February 2015

Almost half (46%) of UK’s adult population now bank online via either their mobile phone or an app a new survey has found. The study from budgeting account provider thinkmoney.co.uk [...]

Majority of tenants have paid for improvements on the property they rent

19 February 2015

Almost two thirds, at 63% of people renting a home in the UK have splashed out on improving where they live, despite the fact that they do not own it [...]

RBS and Natwest customers can log in to online banking with a fingerprint

18 February 2015

Royal Bank of Scotland and NatWest will be offering customers the ability to log in to mobile banking using just a fingerprint from tomorrow. The two brands (part of the same [...]

Energy minister ‘would not flinch’ from breaking up big six if necessary to improve competition

18 February 2015

The energy minister has said he would “not flinch” from breaking up the big six energy firms if an investigation into lack competition in the sector concludes it is necessary. [...]

£1 of every £10.60 earned is lost to faulty goods or bad service, says Citizens Advice

17 February 2015

Consumers lose £1 from every £10.60 of their monthly income due to faulty goods, bad business practice and poor service, research by Citizens Advice has revealed. The Consumer Challenges 2015 [...]

Rail passengers paying the price for delays claims new survey from Which?

16 February 2015

The latest train satisfaction survey from consumer watchdog group Which? has revealed once again that commuters are bearing the brunt of poor service. The group worryingly concluded that rail operators [...]

Up to £2.7bn up for grabs by switching energy supplier

16 February 2015

Some 13.5m households across the UK are collectively missing out on their share of £2.7bn by not looking for a better energy deal. By shopping around and taking advantage of [...]

Men most likely to splash the cash on a first date finds survey

12 February 2015

The majority of men on the dating scene are happy to pick up the bill on a first date but women are still taking a more traditional approach according to [...]

Pushy parents on the rise across the UK

12 February 2015

British parents are coercing their children into taking part in certain extracurricular activities in a bid to improve their education and career prospects. New research from comparison site, Confused.com reveals [...]

Households face £435m bill shock

11 February 2015

Over five million UK households are shocked by their bills, paying on average £84.50 per household more than they expected on their most recent demands from suppliers. Consumers are most [...]

Thousands “ripped off” by high-interest deals to buy TVs and washing machines

10 February 2015

Many thousands of customers who have bought household goods via rent-to-own schemes are being “ripped off”, a group of MPs have found. An investigation by The All Party Parliamentary Group [...]

Ex-financial adviser jailed after stealing nearly £1m

10 February 2015

A former financial adviser from Eastbourne has been jailed for four years and eight months after admitting stealing almost £1 million from clients. John Edward Field, 77, of Cooden Drive, [...]

A dozen dual fuel deals set to close – households should act now or risk a near 7% hike in their energy bills

9 February 2015

Customers on 11 of the 12 fixed dual fuel tariffs due to end soon could see their average bills rise by as much as £117.34, comparison site Gocompare.com has warned. [...]

Government extends new ‘pensioner bond’ scheme but what about Britain’s younger generations?

9 February 2015

The Chancellor’s announcement that he was extending the new ‘pensioner bond’ scheme has been welcomed by many but others believe more needs to be done to incentivise younger generations to [...]

Confused dogs, angry birds and moody bearded dragons: The craziest insurance claims of 2014

9 February 2015

Even the most careful homeowners cannot predict some of the more bizarre accidents in life according to the latest data from insurer RIAS. The provider has poured through thousands of [...]

Around 50% of UK workers are playing with fire when it comes to insurance

9 February 2015

Around half of the UK’s workforce is playing with fire when it comes to being adequately insured new research claims. The analysis, by independent adviser Drewberry Insurance, found that financial [...]

Home makeovers cost neighbours £1.5bn

6 February 2015

Property renovations don’t just cost homeowners, 3.7 million neighbours have been out of pocket too in the past five years.   Research by insurer Direct Line shows 3.7 million people [...]

Government moves to shield tenants from revenge evictions

5 February 2015

The government has announced measures to give tenants greater protection against rogue landlords. Liberal Democrat communities minister Stephen Williams is targeting landlords who shirk their legal responsibilities and use the [...]

Missed the tax return deadline? A ‘reasonable excuse’ could help you avoid a penalty

5 February 2015

Taxpayers who failed to file their Self-Assessment by the 31 January deadline as a result of extenuating circumstances may be able to avoid having to pay a penalty. Those who [...]

The BT / EE mega-deal: Will it mean better service and more attractive costs for consumers?

5 February 2015

BT has agreed to buy EE for £12.5bn, creating a telecommunications giant that will cover mobile, fixed line, broadband and television services. Presently, only Virgin Media and TalkTalk offer all [...]

Almost half of payday loans taken out just to cover the bare essentials

5 February 2015

Nearly half of borrowers, at 44%, who took out a payday loan in the past year have used the cash to cover everyday essentials such as food and travel costs [...]

UK house prices rebound unexpectedly in January pushing the annual growth rate back up to 8.5%

5 February 2015

UK house prices bounced back robustly in January taking the annual rise back up to 8.5% according to new numbers from Halifax. The lender’s figures show that prices unexpectedly rose [...]

Customers give up on the ‘big weekly shop’

4 February 2015

Customers are increasingly giving up the habit of a big weekly shop, new figures have revealed. A study by Thinkmoney.co.uk, a current account provider,  found that just 18% of people [...]

Broadband prices plunge, but line rental costs wipe out the savings

4 February 2015

The average cost of a broadband package has fallen by 58% over five years, but typical line rental has risen by 49% over the same period. The new price research [...]

Disputes about power of attorney are rising

4 February 2015

Complaints about power of attorney are on the rise, the Financial Ombudsman Service,  revealed. The ombudsman, a body set up to resolve disputes between financial services companies and their customers, [...]

Comparison sites make £30 every time customers switch energy supplier

3 February 2015

Five of the biggest energy comparison websites admit that they earn up to £30 commission every time a customer uses their service to switch provider. When customers change both electricity [...]

Which holiday destinations have the highest number of car insurance claims?

3 February 2015

Italy has topped the list of destinations where British motorists are most at risk of needing to claim on their insurance. The research by insurance4carhire.com, found that the most frequent [...]

Energy suppliers are ‘not passing on savings to customers’

3 February 2015

Energy  suppliers are not doing enough to pass on cuts in wholesale prices to households, the consumer group Which? has claimed. It said that recent reductions in energy bills could [...]

Water bills to fall by 2%

3 February 2015

Water and sewage bills are set to fall by an average of 2% or £9 over the next year,  suppliers have revealed. It comes after the regulator, Ofwat ruled that [...]

Top 10 tax saving tips, which won’t get you on the wrong side of HMRC

2 February 2015

Recent years have witnessed a number of celebrities, including Take That’s Gary Barlow and comedian Jimmy Carr incur the wrath of  HMRC for investing in complex and somewhat morally dubious [...]

Almost a fifth of women are now the main earner in their relationship

2 February 2015

Nearly one in five, or 17% of British women claim to be the main breadwinner in their relationship, claims new research from Scottish Widows. The insurer’s analysis of 2,000 women [...]

What would it take to get house prices to rise further?

2 February 2015

We recently highlighted the unfortunate knack some investors have of misjudging when they move into illiquid assets writes Ian Kelly. That article, Best laid plans, had been published on The [...]

Savings fall as Christmas spending hits home and the financial hangover kicks in

2 February 2015

Britons did their savings accounts no favours in the run up to Christmas as a third admitted to not adding anything to their nest egg, claims new research from Halifax. [...]

Sick of the Big Four banks? Try a credit union like 1.5m others

30 January 2015

If you’re sick of the big four banks that dominate the high street it may be time to join the other 1.5 million people who have signed up to a [...]

Wage falls hit middle classes hardest but pay expected to rise this year

30 January 2015

Wages are set to rise this year providing respite to the middle classes who have seen the largest fall in earnings since the recession.   Analysis by the Institute of [...]

City watchdog may impose time limit on PPI complaints

30 January 2015

The City watchdog is to review whether its clampdown on payment protection insurance (PPI) compensation plan have been a success and possibly look at a time restriction on complaints.   [...]

12% of UK adults spending at least 50% of take home pay on housing costs

29 January 2015

Some one in eight or 12% of UK adults who pay rent or a mortgage are spending at least 50% of their take-home income on their housing costs claims new [...]

House price growth cools in January as momentum eases across the UK market

29 January 2015

Property prices rose by just 0.3% in January taking the annual gains to a 14 month low of 6.8% according to new numbers from Nationwide. The lender’s data highlights  that [...]

Drivers stand to save £146 per year due to lower prices at the pump

28 January 2015

Motorists stand to save an average of £146 per year as a result of lower petrol prices, new calculations reveal. The analysis, from  Hargreaves Lansdown, suggests that consumers will save [...]

A quarter of parents of young drivers are fraudulently “fronting” car insurance policies

28 January 2015

A quarter of parents of young drivers are fraudulently ‘fronting’ car insurance, by putting the policy in their own names in order for their for their children to save money. [...]

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