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December 20, 2014 - Latest:

Pensioners to spend £4.2bn on Christmas celebrations

19 December 2014

Generous pensioners will be spending £4.2 billion on Christmas this year. British pensioners will spend an average of £400 each this Christmas on gifts and entertaining, with 53% – 5.8 [...]

Energy bills fall back to 2012′s rates as 10 best buys all come in at under £1,000

18 December 2014

Energy prices are on the way down again, as for the first time in more than two and half years, the 10 best dual fuel – electricity and gas – [...]

UK homes most at risk from flooding will have access to affordable insurance following landmark deal

18 December 2014

The UK homes most at risk from flooding will be able to get more affordable insurance as a result of a landmark deal between the UK insurance industry and the [...]

Gross mortgage lending growth comes to a standstill

18 December 2014

Gross mortgage lending fell a steep 9% month-on-month during November, flattening the annual growth rate as activity dropped back. According to figures from trade body, the Council of Council of [...]

The savings rate battle – Secure Trust tops Shawbrook Bank again

18 December 2014

Perhaps the biggest savings account news this week, apart from the rates being announced for the forthcoming Pensioner Bonds, has been the continuation of the tussle at the top of [...]

House price premium in National Parks now at a hefty 21%

18 December 2014

The premium home buyers face for purchasing a property within a National Park has jumped from 18% to 21% new research from Nationwide has claimed. At present there are around [...]

UK starting salaries among the lowest of major European economies

17 December 2014

The starting salaries of  UK professionals are among the lowest of Europe’s top economies at an average of £27,199 per year – less than half that of Switzerland where the [...]

Wage rises beat inflation as cost of living crisis begins to ease

17 December 2014

Wages are finally starting to increase at a faster rate than prices, giving consumers more spending power in the run-up to Christmas, official figures reveal. From August to October, average [...]

A third of credit reports contain errors

17 December 2014

More than a third of people who checked their credit report uncovered errors, a study has revealed. The figure equates to nearly five million consumers, according to the study by [...]

BT in exclusive talks to buy EE for £12.5bn

16 December 2014

BT is in exclusive talks to buy EE – Britain’s largest mobile network group – for £12.5bn. The exclusivity agreement it has entered into with Germany’s Deutsche Telekom and France’s Orange [...]

Reforms to financial advice have been “positive”, but 35% of firms still failing to disclose cost of ongoing advice

16 December 2014

Reforms to the financial advice market have had a positive impact, but 35% of firms are still failing to disclose ongoing costs, a review has found. A report by Europe [...]

Car insurance premiums surge to a two year high

15 December 2014

The typical car insurance premium price has rocketed over the past three months, beating the record increases seen in 2011 when the average cost hit a record high of £554, [...]

Treasury deal will see the launch of basic fee-free bank accounts

15 December 2014

The UK’s major banks are set to offer basic fee-free accounts following an agreement with the Treasury. In a statement, the Treasury said these simplified accounts will offer consumers fundamental [...]

Pensioner bond savings rates – what are the best alternatives?

15 December 2014

The wait is nearly up. In a matter of weeks the new Bonds for investors aged 65 or over, dubbed Pensioner Bonds, will hit the market and demand is expected [...]

Millions planning to take on a second job to cover seasonal costs

15 December 2014

Millions of Britons are looking to take on a second job in a bid to cover the costs of Christmas a report has claimed. The study from ISA provider Scottish [...]

Home buyer confidence steps up as the outlook for house prices cools down

15 December 2014

The typical Briton’s confidence towards the outlook for house prices has plummeted even further from its July 2014 peak new research from Halifax has claimed. According to the lender’s latest [...]

Mortgage advances on the rise again despite ‘property market slowdown’

11 December 2014

In contrast to much of the latest news on the UK’s property market, new statistics from the Council of Mortgage Lenders’ (CML) show that home loan advances have picked-up. The [...]

British consumers are spending beyond their means, warns OBR

10 December 2014

British consumers are spending beyond their means, the boss of the Government’s economic watchdog has warned. Robert Chote, the chairman of the Office for Budget Responsibility told MPs on the [...]

A third of employees dislike getting paid early at Christmas

10 December 2014

A third of employees would prefer not to receive an early pay check in December as the long wait until January’s wage packet places an extra strain on their finances [...]

A third of Brits live beyond their means on credit cards

9 December 2014

More than a third of Britons believe that owning a credit card has allowed them to live beyond their means, new research suggests. The survey, by Topcashback.co.uk, found that more [...]

Five ways to be financially savvy this Christmas

8 December 2014

Christmas is a time of good cheer and festivities, but for some the sheer cost of this time of year can be a stark reminder of the need to keep [...]

Millions of ‘frustrated middle movers’ unable to move up the property ladder

8 December 2014

More than four million young homeowners are stuck in properties with little hope of moving in the coming two years, claims new research from Santander. The lender found that the [...]

Higher rate tax threshold to rise to £42,385 next year

3 December 2014

The 40 per cent income tax threshold will increase to £42,385 next year the first increase in five years. The higher rate threshold is currently set at £41,865. Chancellor George [...]

Energy companies sitting on £1.5bn in overpaid bills

2 December 2014

Energy companies are sitting on £1.5bn from  customers who have overpaid on their bills, calculations by Gocompare.com have found. A survey by the price comparison website found that millions of [...]

Unemployed have more disposable income than zero hours workers

1 December 2014

Unemployed people in the UK have more monthly disposable income than zero-hour workers according to a new report out today. Scottish Friendly’s ‘Disposable Income Index’, which tracks the amount of [...]

Right now it is cheaper to fly to Spain than take the Heathrow Express

27 November 2014

It is currently cheaper to fly to Madrid than take the Heathrow Express new research has claimed. According to an analysis from flightright.co.uk, a consumer portal for air passenger compensation, [...]

Britain’s annual household bills down by an average of £70 since last election

27 November 2014

Britons are typically paying less on their bills than they did at the time of the General Election in May 2010, new research claims. The analysis from Comparethemarket.com found that [...]

Named and shamed: The UK’s worst postcodes for drink and drug-driving offences

27 November 2014

The Welsh town of Llandrindod Wells has been named and shamed as the area with the UK’s highest rate of drivers with drink or drug-driving convictions on their car insurance [...]

Millions overcharged by faulty pre-pay gas meters

26 November 2014

Millions of customers have been overcharged by energy companies because of faulty gas meters, an industry body has admitted. Energy UK said that up to 1.5 million gas pre-payment meters [...]

The new pension reforms are only months away – is your financial adviser looking after your needs?

24 November 2014

With the pension reforms coming into effect in April next year, now is a good time to consider and review your investments. As the IFP’s Financial Planning Week begins, the [...]

Financial Planning Week: Five tips to get your finances back on track…

24 November 2014

The 23-29 November marks the Institute of Financial Planning’s seventh Financial Planning Week – the purpose of which is to help consumers take action to improve their financial health. Adrian Lowcock, [...]

Value of UK private housing breaks through the £5 trillion barrier

24 November 2014

The value of the UK’s private housing stock has soared by 57% over the past decade to break through the £5trn barrier claims research from Halifax. According to the lender, [...]

Capricorns are most likely to buy a new car

20 November 2014

Dealers looking to increase their new car sales in next year may well want to open their sales pitch by checking when customers celebrate their birthday. A recent survey by [...]

Energy bills continue to baffle millions of consumers

20 November 2014

Despite the spring ushering in new rules from energy regulator Ofgem requiring energy companies to simplify bills, research shows that millions of customers are still struggling to understand their electricity [...]

Landline rental costs rocket by 29% in just three years

20 November 2014

Just as Virgin Media confirmed it is hiking the price of monthly home phone rental by an inflation busting 6.25%, new research claims the cost of a landline has increased [...]

Gross mortgage lending jumps 8% year-on-year in October

20 November 2014

Gross mortgage lending jumped 8% on an annual basis to reach £19bn in October according to the latest estimates from the Council of Mortgage Lenders (CML). The trade body’s latest [...]

More than £41m of premium bond prizes remain unclaimed

20 November 2014

Across Britain more than 928,000 Premium Bonds prizes worth over £41m have yet to be claimed. As a result NS&I are calling for Premium Bonds holders to come forward to [...]

The Royal Bank of Scotland hit with £56m fine for 2012 IT failures

20 November 2014

The Royal Bank of Scotland (RBS) has been hit with a £56m fine by UK regulators as a result of IT failures in 2012. The 80% government owned bank has [...]

Savvy second time buyers biding their time to jump straight into a family home

19 November 2014

Homeowners living in their first home are increasingly looking to move into bigger four bedroom detached houses, reducing the number of steps they are taking on the property ladder to [...]

Britons set to splash more than £17bn on Christmas cheer

18 November 2014

British festive expenditure is set to top £17bn this year with Britons expected to splash out an average of £383 per person claims new research from MoneySuperMarket. The comparison site [...]

A third of young drivers happy to lie if it means a cheaper deal on car insurance

18 November 2014

A third of young drivers are happy to lie if it means getting a cheaper deal on their car insurance. Research from switching site, Gocompare.com found that 33% of UK [...]

Britons dramatically underestimating costs of annual household bills

17 November 2014

British households are increasingly underestimating their main bills by an average of £770 according to research from Santander. When it comes to predicting what council tax, gas, water and electricity [...]

End of ‘a job for life’: younger generations face nine jobs and longer working lives

14 November 2014

Older relatives may have enjoyed a job for life but now the average person has nine jobs and will earn less and retire seven years later than their grandparents. Figures [...]

A third of tenants paying for their own home repairs

13 November 2014

While one of the perks of renting – as opposed to owning your property – is not having to pay for household repairs but new research shows that many tenants [...]

Financial mutuals launch campaign to get a better deal for consumers

13 November 2014

The Building Societies Association (BSA) and the Association of Financial Mutuals (AFM) have launched a campaign in a bid to ensure consumers get a better deal. The two trade organisations, [...]

Mortgage arrears and repossessions continue to drop latest figures show

13 November 2014

New figures from trade body the Council of Mortgage Lenders (CML) show a continuing reduction in the number of both repossessions and mortgages in arrears. The statistics for the three [...]

The Money Taboo: Millions are stressed but talking about finances remains off limits

13 November 2014

A massive 41% of Britons admit that money problems remain one of their biggest stresses yet nearly half, at 46%, refuse to talk about their woes according to new research [...]

Motorists remain unsure about whether to trust driverless cars

12 November 2014

Half of UK motorists say they would trust a driverless car to park for them, but only a third would put their faith in the vehicles to spot hazards on [...]

New collective switching energy deal jumps to the top of best buys

12 November 2014

Extra Energy’s Saverplus Collective Jan 2016 tariff has topped the tables of the cheapest short-term fixed deals for dual fuel customers. The new tariff, launched today, will cost the average [...]

Poor overdraft deals could cost customers up to £180 per month

11 November 2014

Customers are being urged to shop around for the best overdraft deals as opting for the wrong account could cost up to £180 per month. Using unathorised overdrafts, where a [...]

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