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April 25, 2015 - Latest:

The number of people switching bank account rises 7% with Halifax and Santander the main beneficiaries

23 April 2015

The number of people switching bank account in a bid to find a better deal jumped by 7% over the past year according to figures published by The Payments Council [...]

Record numbers seek help from foodbanks

22 April 2015

More than a million people received three days’ food from Trussell Trust foodbanks over the past year – a 19% increase compared to 900,000 in 2013/14. However, the total number [...]

Drivers are still wary of “Big Brother” insurance policies

21 April 2015

Only 3% of British motorists have a telematics car insurance policy, which uses an in-car computer to monitor their driving and potentially offer discounts on the cost of cover. The [...]

Wonga posts £37.3m loss as payday loan regulation tightens

21 April 2015

Payday lender Wonga  has posted a pre-tax loss of £37.3m for 2014 as the company tries to overhaul its business model to fit with new regulation. Wonga made a pre-tax [...]

Which? calls for action against unfair supermarket pricing tactics

21 April 2015

The consumer group Which? has launched a super-complaint to demand action against supermarkets for misleading pricing practices. Over the last seven years Which? has consistently identified a range of misleading [...]

Car and home insurance prices fall, but increases expected

21 April 2015

The cost of both motor and home insurance have dropped over the first three months of the year, but the AA warns that low premiums can’t last. The latest benchmark [...]

Forget period features and en-suite bathrooms. Homebuyers want fast broadband, a clear mobile signal and TV space

20 April 2015

Warmth and security top the list of essentials house-hunters are looking for in a property these days, according to a new survey from Gocompare.com. In contrast good schools, en-suite bathrooms [...]

Want to make quick cash renting a spare room? It could cost you more than you think

17 April 2015

Thousands of Britons are trying to make some quick cash from their homes by renting through sites such as Airbnb but they could be invalidating their home insurance.   Comparison [...]

Til debt do us part: families sitting on a funeral ‘time bomb’

17 April 2015

Thousands of families could be sitting on a funeral time bomb by failing to set aside money to cover the rising costs of funeral expenses.   A new report by [...]

44% more Britons to go into debt this year despite IMF warning about borrowing

17 April 2015

The International Monetary Fund (IMF) has warned Britain’s household debt is putting the economy in danger but 44% more people will still take on debt this year.   Research by [...]

Penury in the UK: A third of Britons used to being totally skint

16 April 2015

Budgeting account provider thinkmoney.co.uk has claimed that a third of Britons are used to being completely skint with no money in their bank account or wallet and no ability to [...]

The dash to secure a home leaves many a tenant nursing a load of regrets

16 April 2015

The ever-rising demand for rental properties is causing many to rush into tenancy agreements which they end up living to regret new research has revealed. The study from mortgage and [...]

Adult children living the ‘life of Riley’ by staying at home with their parents

16 April 2015

Despite the backdrop of a tricky jobs market and higher living costs much of the UK’s younger generations are living the ‘life of Riley’ by staying at home with their [...]

Parents willing to pay nearly £19,000 more on a property to get their children into a good school

16 April 2015

As parents across the nation wait to find out the fate of their child’s place in their chosen primary school, new research has highlighted the lengths people will go to [...]

Barclays current account scheme lets you earn up to £180 per year in rewards, but is it as good as it looks?

15 April 2015

Barclays has become the latest bank to offer a cashback rewards scheme to its current account customers. From Monday, Barclays Blue Rewards allows customers to earn up to £15 each [...]

Mobile customers are wasting £355m per year on handsets they have already paid off

15 April 2015

Mobile phone customers collectively waste £355 million a year on handsets they have already paid off, new research has shown. A campaign by Which? as found that nearly half of people [...]

Thousands of energy customers in line for £91-a-year price hike

14 April 2015

Households with fixed energy tariffs ending this month could see their energy bills increase by £91.05 a year unless they switch. Calculations by GoCompare.com, the price comparison website, reveal that  [...]

Cost of car insurance rises for the first time in four years

14 April 2015

Car insurance premiums rose in March for the first time in four years to an average of £423 per year, compared to £399 a year ago. The data, from MoneySuperMarket, [...]

Clydesdale Bank fined £21m for mishandling PPI complaints, including altering customer files

14 April 2015

Clydesdale Bank has been hit with a £20.6m fine for mishandling PPI complaints – the largest ever fine relating to the payment protection insurance scandal. As a result of Clydesdale’s [...]

Consumers warned to avoid dismissing legal expenses cover on home insurance

13 April 2015

Homeowners should not overlook optional legal expenses cover on their buildings or contents insurance, comparison site Gocompare has urged. New analysis of household-related legal expenses insurance by the group revealed [...]

How to cut your Inheritance Tax bill today

13 April 2015

The Tory proposed inheritance tax (IHT) breaks are at least two years away, and indeed may never see the light of day as it all depends on what happens in [...]

New research highlights “broken” energy market where consumer confusion is key reason for lack of switching

13 April 2015

A new report by CentreForum, has revealed the chief reason behind the falling levels of energy switching activity in the UK – namely consumer confusion. The independent think-tank’s analysis entited [...]

Tories pledge to overhaul inheritance tax and raise threshold to £1m

13 April 2015

The Conservatives have pledged to revamp the UK’s inheritance tax (IHT) regime by introducing a new allowance which would raise the threshold to £1m. Speaking over the weekend Prime Minister [...]

‘Free’ advice and fake funds: 5 pension scams to be aware of

10 April 2015

Fraudsters are already homing in on pension cash just five days into the new freedoms, and there are five main scams they are using to try and part you from [...]

Britons spend more time deciding on shopping than on savings

10 April 2015

Britons spend longer thinking about where to go on a date or whether to buy new clothes than they do about how much to save.   Research by Skipton Building [...]

Three fund tips for early bird ISA investors

10 April 2015

The new tax year is upon us and that means a brand new ISA allowance and there are plenty of reasons to become an early bird investor.   The ISA [...]

Six million Britons borrow money to pay for food

9 April 2015

Some 12% – a massive six million Britons borrowed money to cover their grocery bills last month, according to research from the Debt Advisory Centre. Notably, similar research carried out [...]

Bank of England holds interest rates at 0.5%

9 April 2015

The Bank of England’s Monetary Policy Committee (MPC) avoided any pre-election shock today and voted to keep the cost of borrowing at 0.5% for at least another month. March marked [...]

Savings roundup: Leeds Building Society upgrades its fixed rate ISA range

9 April 2015

Anna Bowes co-founder of Savings Champion and Mindful Money columnist looks at the best and newest savings deals hitting the market… Leeds Building Society has launched new versions of its [...]

Political apathy endangering young Briton’s future finances

9 April 2015

Political apathy amongst young Britons means that millions are missing out on a good credit rating. Research from comparison site found uSwitch, a quarter of 18 to 34 year olds, [...]

Savers stash away £12bn each month, but many are taking greater risks in the search for better returns

7 April 2015

British savers collectively set aside £12 billion per month, but are shunning the use of traditional savings accounts and in some cases, turning to riskier investment products as a result [...]

Can you still get a bargain in duty free?

7 April 2015

The boom of online and high street discounters has made it difficult for shoppers to calculate whether or not airport duty free still offers good value for money unless they [...]

Edinburgh provides the best standard of living for Briton’s over 50s claims new research

3 April 2015

Edinburgh has been named as the top city for the over 50s in terms of living standards according to a new report from insurance provider RIAS. The analysis from the [...]

Millions of Britons have been hit with a CCJ or Court Decree in the past five years

2 April 2015

Some four million people in the UK – or 8% of adults – have been slapped with a CCJ or Court Decree in the last five years according to the [...]

Consumers unaware of credit card protection risk could be missing out on some major refunds

2 April 2015

Thousands of shoppers could be losing out on refunds for faulty goods they have purchased using their credit cards as a result of being unaware they are protected, claims research [...]

Falling inflation has given over-55s an extra £1,032 a year in disposable income

2 April 2015

Falling inflation has boosted the coffers of Briton’s over-55s and helped them better their savings habits as essential spending has plummeted by 7% in a year, according to research from [...]

Customers with temporarily high bank balances to be protected

1 April 2015

People who have large sums temporarily deposited in their bank accounts following property sales or for other reasons, will soon be protected if their bank goes bust. The Bank of [...]

Car insurance costs up £22 this year and poised for bigger rise

1 April 2015

The average car insurance premium has risen by an average of £21.90 year-on-year to £561.10 in February and prices are likely to rise further still the latest data shows. The [...]

Nearly five million households are at risk of financial difficulty if fuel prices rise

31 March 2015

Nearly five million households are highly vulnerable to energy price rises because they spend more than 10% of their income on fuel, a new study has found. The research revealed [...]

Revealed: The top five credit cards to use while abroad

30 March 2015

With Easter and summer holidays fast approaching, David Mann, money expert at uSwitch.com shares his tips on the best five credit cards to make the most of your money when not only booking travel, but also [...]

Barclays and Lloyds top the City watchdog’s complaints list of shame for the second half of 2014

30 March 2015

Barclays and Lloyds Bank were the two most complained about financial services firms during the second half of last year according to the City watchdog. The latest complaints data published [...]

Don’t ignore the benefits of financial planning – at the start of the tax year…

30 March 2015

Too many people ignore the benefits of sensible financial planning at the start of each tax year writes Chase de Vere certified financial planner Patrick Connolly. Below he explains how [...]

British homeowners collectively estimated to have £433bn in savings despite the paltry rates on offer

30 March 2015

More than 2,000 homeowners are stashing away an average of £16,286, according to research commissioned by specialist buy-to-let peer-to-peer platform Landbay. The findings of the analysis which was carried out [...]

Gocompare launches current account switching service which pioneers the use of the government’s ‘midata’ initiative

26 March 2015

Price comparison website Gocompare.com has launched a current account switching service, which it claims will allow consumers for the very first time make a properly informed decision when it comes [...]

Rising motoring costs proving a major problem for young jobseekers

26 March 2015

The soaring cost of motoring is proving to be a major obstacle for young people’s job prospects, according to new research by uSwitch.com. The analysis from the price comparison site [...]

City watchdog the FCA looks to ban ‘opt-out’ sales tricks

25 March 2015

The City regulator, the Financial Conduct Authority (FCA) has announced plans to ban so-called opt-out selling in financial services markets. Opt-out selling is the practice of defaulting consumers into buying [...]

Making the most of low inflation – and where to find today’s best savings deals

25 March 2015

Lower inflation offers savers some respite in the current record low interest rate environment writes Savingschampion.co.uk founder and Mindful Money columnist Anna Bowes… There are many economic factors that affect [...]

UK high streets are a goldmine for burglars selling stolen goods

25 March 2015

New research has highlighted the ease with which burglars are able to dispose of stolen goods on the high street at pawn shops, second hand electronic stores and gold exchanges. [...]

Pension Wise – telephone service now open on 030 0330 1001

24 March 2015

A phone line to give guidance to people ahead of April’s pension reforms has opened, just two weeks before the changes take effect. Anyone over the age of 55 can [...]

Sainbury’s Bank extends 0% interest period on balance transfers

24 March 2015

Sainsbury’s Bank has extended the 0% interest period on new customer balance transfers on three credit card offers. The Sainsbury’s Nectar Balance Transfer Credit Card now offers 0% interest on [...]

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