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January 28, 2015 - Latest:

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. [...]

EDF cuts prices by a “paltry” 1.3%

27 January 2015

EDF Energy has become the last of the big six suppliers to announce a cut to gas prices, but the drop has been described as ” absolutely paltry” at just [...]

Millions to be compensated for worthless card protection insurance

27 January 2015

Millions of customers could be in line for compensation after being sold insurance for their bank cards which was worthless. The products were sold to customers on the promise that [...]

The poorest have lost most from tax and benefits changes, finds report

27 January 2015

Young families and poor households have borne the brunt of the Government’s tax and benefits changes, a new report suggests. The research from the London School of Economics, Manchester and [...]

Energy supplier SSE cutting gas bills by a ‘meagre 4.1%’

26 January 2015

Energy supplier, SSE has today announced it is cutting its standard gas prices, reducing its tariff by 4.1% from 30 April. The cost-cutting exercise however, only adds up to an [...]

Tax changes and benefit cuts mean UK’s poorest families have lost most under coalition

23 January 2015

The UK’s poorest families with children have lost the most from changes to tax and benefits made by the coalition.   According to figures from the Institute for Fiscal Studies [...]

Npower cuts gas bills by 5.1% but experts argue it’s not enough

23 January 2015

Falls in oil prices are finally being passed on to consumers as Npower offers the largest cut in gas costs yet.   The energy supplier has announced a 5.1% reduction [...]

‘Big Six’ still failing energy customers claims consumer watchdog

22 January 2015

Customers are still getting a raw deal and being let down by the UK’s main energy suppliers claims the latest Which? energy company satisfaction survey. The study found suppliers are still [...]

More than a million Britons switched their current account provider in 2014

22 January 2015

More than a million UK bank customers changed their current account provider last year according to the latest data from the Payments Council. The organisation oversees the Current Account Switch [...]

Total cost for raising a child rockets to almost £230,000

22 January 2015

The cost of raising a child in the UK from birth until the age of 21 has accelerated at a speed almost double that of inflation over the last 12 [...]

Comparison sites must end partial listings of energy suppliers that pay commission

21 January 2015

Comparison websites must make it easier for customers to see the full range of energy tariffs on the market and clearly disclose which suppliers pay them commission, the watchdog has [...]

Parents and grandparents provided £35bn in support to grown-up kids last year

21 January 2015

Parents and grandparents helped their grown-up children with £35.2 billion of support last year, a study has found. UK parents provided £29.6bn, while grandparents provided a further £5.6bn, the Lloyds [...]

Scottish Power cuts gas prices by 4.8%, but wholesale costs have fallen 20%, say critics

20 January 2015

  Scottish Power has become the latest supplier to cut gas prices, but critics argue that its reduction of 4.8% is “half-hearted” in comparison to the 20% drop in wholesale [...]

Car insurance premiums could rise by 10% this year, says AA

20 January 2015

Average car insurance premiums rose by just £1 in the last quarter of 2014, but they could be poised for a 10% increase this year, the AA has warned. Average [...]

Too many savers are getting a poor deal from banks, watchdog finds

20 January 2015

Millions of savers are getting a poor deal from their bank, a study by the City watchdog has found. The Financial Conduct Authority (FCA) said that competition in the £700bn [...]

Switch now to a duel fuel fixed price deal and beat British Gas’s new offer urges GoCompare

19 January 2015

Comparison site Gocompare.com is saying that shrewd consumers should spurn the British Gas price cut arguing that standard tariff customers will be better off switching to new duel fuel fixed [...]

British Gas set to cut prices by 5% in February

19 January 2015

British Gas has announced it is cut its prices by an average of 5% at the end of next month but bill-payers are still likely to find cheaper deals elsewhere. [...]

2014 witnesses surge in Britons moving home as prices rise 8% claims research from Lloyds

19 January 2015

The number of homeowners moving property jumped by 8% in 2014 according to research from Lloyds. The lender’s latest Homemovers Review found that an estimated 365,400 people moved home last [...]

NS&I underestimate popularity of pensioner bonds as eager savers struggle to open accounts

15 January 2015

The launch of NS&I’s pensioner bonds has created panic amongst savers by underestimating the demand for the new products. Independent savings site, SavingsChampion.co.uk asserted that experts have been warning NS&I [...]

One in six suffer their financial woes in silence

15 January 2015

One in six people have kept secrets from their loved ones by hiding or lying about rent or mortgage troubles. Struggling individuals will go to great lengths to hide their [...]

New pensioner bonds from NS&I paying up to 4% interest now on sale

15 January 2015

National Savings & Investment (NS&I) has today launched a range of savings products aimed at those aged 65 and over – and given that they pay up to 4% in [...]

E.ON cuts gas prices by 3.5% as pressure builds on energy firms to follow

13 January 2015

E.ON has cut  gas prices by 3.5% and launched the cheapest fixed deal on the market. Matthew Hancock, the business, energy and enterprise Minister, wrote to the six biggest energy [...]

Who are the best and worst performers when it comes to filing tax returns on time?

13 January 2015

Women are more likely than men to send in their tax return on time,  HM Revenue & Customs (HMRC), has revealed. For every 10,000 tax returns received last year by HMRC from [...]

Britons close to burn out in pursuit of a payrise

13 January 2015

Nearly a third of UK workers are pushing themselves to the brink of “burn out” in  pursuit of a payrise, a study by the Open University has found. It said [...]

Analysis reveals start of 2015 sees peak in travel bookings

12 January 2015

Consumer expenditure on travel is estimated to be up by a third in January, with the second weekend in the month likely to have seen a peak in holiday bookings, [...]

Booking your summer holiday now? Then arrange your insurance cover too warn experts

12 January 2015

Holidaymakers are being warned that if they delay arranging their travel insurance they risk losing out on valuable cancellation protection. Millions of Britons are set to book their summer holidays [...]

Tesco’s business plan is a big blow for the retirement prospects of its staff

12 January 2015

The members of Tesco’s generous defined benefit, AKA final salary pension scheme, have really paid the price for the mismanagement of the last few years writes Mindful Money editor John [...]

A third of 18-24 year olds have taken on a second job to make ends meet

12 January 2015

A third of 18 to 24-year-olds have been forced to take on a second job, in order to make ends meet claims new research from budgeting account provider thinkmoney.co.uk. But [...]

A third of skiers hitting the slopes in 2015 will fail to get adequate insurance

8 January 2015

A substantial one in three planning a winter sports break this year do not intend to take out appropriate insurance, claims new findings from Sainsbury’s Travel Insurance. A further one [...]

UK property prices rise by a better than expected 0.9% during December but the annual gain continues to decline

8 January 2015

UK properties enjoyed a stronger-than-expected month-on-month price rise during December but the annual growth rate continued to ease back as the market continues to come off the boil. According to [...]

A new bank is set for online launch

7 January 2015

A new bank is set to launch early this year after the Prudential Regulation Authority approved its licence today. Charter Court Financial Services Ltd (CCFS), will launch Charter Savings Bank [...]

New car sales at ten-year high

7 January 2015

New car sales hit a 10-year high in 2014, the Society of Motor Manufacturers and Traders (SMMT) has said. The trade body said that 2.5m new cars were registered in [...]

It will take ‘years’ before PPI scandal is over

6 January 2015

It will take years before the payment protection insurance (PPI) mis-selling scandal is over, the Financial Ombudsman Service (FOS) has warned. Unveiling the plan and budget for the year ahead, [...]

The top 15 money saving tips for 2015, according to the British public

5 January 2015

Money off apps, vouchers, shopping around, cutting back on takeaways, switching energy provider and down-shifting supermarkets – these are all just some of the ways UK consumers plan to save [...]

The top 10 worst excuses for missing the tax return deadline revealed

5 January 2015

Many have urged that it was someone else’s fault – girlfriends, pets, work colleagues and even the leader of the free world have been named and blamed for taxpayers’ tardiness. [...]

Five New Year’s resolutions for investors

5 January 2015

Much of investing is focused on short term noise and events which clutter investors’ minds and get in the way.  Adrian Lowcock, head of investing at AXA Wealth suggest five [...]

Financial stress for UK households eases back for the first time in three years

5 January 2015

Financial worries among UK adults have decreased for the first time in three years, claims new research from MoneySuperMarket. The comparison site’s analysis found that today some 15.6 million people, [...]

New online service offers full financial advice for £299

2 January 2015

A financial advice firm is offering a ‘simplified advice service’ and a full financial review for £299.   The service being offered by Chapters Financial in Guildford, Surrey will provide [...]

How to get rid of the festive hangover and put your finances on the right track in 2015

2 January 2015

If you’re suffering a financial hangover after the festive period, make sure you follow these steps in order to get back on track.   According to credit checkers Experian, 35% [...]

Payday loan charges capped from today

2 January 2015

The cap on payday loan penalties has come into effect from today, meaning no-one will be charged more than twice what they have borrowed.   The City regulator, the Financial [...]

Households could pay less than £900 per year with new energy deals

30 December 2014

Some households could pay less than £900 per year for their gas and electricity under newly-launched tariffs, calculations by GoCompare.com reveal. The comparison website said that Extra Energy has launched [...]

Claims companies could be fined millions for nuisance calls

30 December 2014

Claims firms companies that bombard households with nuisance calls could be liable for millions of pounds worth of fines. New powers brought in for the Claims Management Regulation  unit at [...]

The typical household will pay more than £700,000 on bills in a lifetime

30 December 2014

The typical UK household will spend a staggering £713,232 on bills and living expenses over a lifetime a new analysis by uSwitch.com has found. The price comparison site’s study claimed [...]

How to make your cash go further when hitting the ski-slopes in 2015

29 December 2014

As Brits begin to plan their 2015 February half-term ski holidays, experts are advising that travellers should look to Eastern Europe in order to get the best value for money. [...]

UK household incomes rising in tandem with debts

29 December 2014

UK families face a tricky conundrum going into 2015 as while households may have enjoyed a rise in income they have also taken on a heavier debt burden. According to [...]

Brits set to return £223m in unwanted gifts this Christmas

23 December 2014

Britain will return £223m worth of unwanted Christmas presents this year as friends and family miss the mark with gift-buying. Last year nearly one in ten people returned gifts, but [...]

The year of cheer – consumer confidence surges in 2014

22 December 2014

Consumer confidence has rocketed in the run up to the festive season according to the latest Lloyds Bank Spending Power Report. The bank claimed the survey’s score jumped to its [...]

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 – [...]

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