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February 13, 2016 - Latest:

Green energy provider Ecotricity cuts gas bills 7%

12 February 2016

Green energy company Ecotricity has cut its gas bill 7%, which it claims is the biggest reduction in the energy industry so far.   Energy companies are finally passing on [...]

British Gas and EDF price cuts “not good enough”

11 February 2016

British Gas and EDF may have finally completed their round of gas price cuts but experts are urging households to vote with their feet and get a better deal. Switching [...]

Home Secretary Theresa May launches new taskforce to tackle financial fraud

11 February 2016

The Home Secretary Theresa May has launched a new taskforce in a bid to crack down on fraud across the UK. The Joint Fraud Taskforce, will be made up of [...]

Travel insurance claims surge as families hit the ski-slopes

11 February 2016

It appears February half term is the most dangerous time of the year for a trip to the slopes. Research from Aviva shows the average number of winter sports travel [...]

Lost passports abroad costing Britons a massive £3.5m

10 February 2016

The number of emergency travel documents issued has increased 22%, while the cost to UK travellers of replacing lost passports abroad has reached £3.5m per year. Gocompare.com is warning Brits [...]

British couples prepare to spend £431m this Valentine’s Day

10 February 2016

UK couples are set to spend £431 million this Valentine’s Day as 41% of UK adults plan on celebrating with their loved ones, new research shows. Contrary to popular belief, [...]

Bad news for half-term holidaymakers as pound falls to one-year low against the euro

9 February 2016

Sterling hit a new one-year low today at 1.27 pounds to the euro dealing a blow to the spending power of holidaymakers travelling to Europe this coming half term. The [...]

Five tips to ensure a successful home insurance claim

8 February 2016

According to statistics recently published by the ABI, only 79% of home insurance claims made during 2013 and 2014 were successful. The main reasons cited for insurers not paying out [...]

Npower announces 5.2% cut to standard annual gas bill

8 February 2016

Energy supplier Npower has become the latest of the ‘big six’ energy suppliers to throw its hat in the ring and announce that it is cutting its gas prices. From [...]

Expert comment: The first Super Thursday of 2016 – MPC votes unanimously to keep bank rate at 0.5%

4 February 2016

Maike Currie, investment director for personal investing at Fidelity International, looks at the Bank of England’s first Super-Thursday of 2016… Given Mark Carney’s cautious comments just a few weeks ago, [...]

Single Britons not in love with paying out £280 a year on unsuccessful dates

4 February 2016

Single Britons are feeling short-changed from their dating experiences with some now even asking their dates for money back, claims new research. A survey from TopCashback.co.uk found the majority of [...]

Savers count the £160bn cost of record low interest rates

3 February 2016

Cash savers have lost an estimated £160bn following seven years of low interest rates, new analysis suggests. The base rate has now been stuck at 0.5% since March 2009 and [...]

Scottish Power cuts bills by up to £32 per year, but experts say it is “too little, too late”

2 February 2016

Scottish Power  is the latest of the Big Six energy suppliers to cut standard tariffs, which will fall by 5.4%, or £32 per year, from March 15. Stephen Murray, energy [...]

Savers need “a miracle” as the market stagnates

1 February 2016

The savings landscape is going from bad to worse as new research highlights that since 2011, the average rate on a two-year fixed bond has almost halved from 3.2% to [...]

Thinking of snapping up a new car at a bargain price? Then beware private sale pitfalls

1 February 2016

February can be a good month to bag a bargain on a new car, as dealers are keen to get rid of excess stock ahead of the March registration plate [...]

Londoners way behind the rest of the UK when it comes to owning an ISA

1 February 2016

Londoners are way behind the rest of the UK when it comes to owning an ISA, according to new research. The analysis from digital wealth manager MoneyFarm, shows that just [...]

Peer-to-peer lending enjoyed record growth in 2015

1 February 2016

The peer-to-peer (P2P) lending industry lent more than £2.2bn in 2015 according to new figures released today from the Peer-to-Peer Finance Association (P2PFA). Numbers from the trade body show that [...]

Find out the cheapest place to ski this half-term

29 January 2016

Bulgaria remains the cheapest ski holiday destination for families this half-term despite the price of a break increasing.   Research from M&S Bank shows it will cost a family of [...]

40% of new homeowners suffer DIY disasters in their first year

28 January 2016

A substantial four in 10 homeowners have DIY disasters in their first year – and more than half call in the professionals to put right botched jobs according to a [...]

The heat is on – many households set to see their energy bills jump by more than £200

28 January 2016

Many households could see their bills soar by more than £206 if they do not act fast and switch tariffs by the end of the week, when no less than [...]

Co-habiting couples lose out on £82m per year as benefits system favours marriage

27 January 2016

Out-of-date benefit rules which treat cohabiting couples as second class citizens are costing them £82 million per year, an insurer has claimed. Under current rules for National Insurance benefits, where [...]

Personal loan rates fall as lenders vie for customers

26 January 2016

Personal loan rates have tumbled since the start of the year resulting in some of the cheapest deals ever seen,  Moneyfacts.co.uk data shows. Providers have been competing against each other [...]

Britons warned to check insurance before becoming peer-to-peer holiday home-hosts

25 January 2016

People are being urged to check with their home insurer, landlord or mortgage provider before signing-up as home-hosts. As one unlucky home-host recently found to his cost when his family [...]

Government warns the South West, the Midlands and the North of England over fresh risks of flooding

25 January 2016

High spring tides and strong winds could cause a flood risk along the South West and North West coasts the Environmental Agency has warned. It addition it said heavy rainfall [...]

UK households collectively underestimating annual bills by £39bn

25 January 2016

With many households across the country feeling the squeeze ahead of January pay day, new research from Santander shows that bill payers actually underestimated their main expenses by an average [...]

E.On challenges Big Six with gas price cut

22 January 2016

E.On has put pressure on the Big Six energy providers by cutting its standard gas price to lows not seen for five years.   It has become the first of [...]

Asda slashes cost of diesel to 97.7p; more cuts to come

22 January 2016

Asda has cut the price of a litre of diesel to just 97.7p in the latest round of cuts prompted by tumbling oil prices.   Chancellor George Osborne said the [...]

Current account switching plummets by 10% over the past year

21 January 2016

The amount of people switching current account plummeted by 10% over the past year according to new research. Data from the Current Account Switching Service (CASS) showed that in 2015 [...]

Nearly half of people failed to switch financial products last year, missing out on huge potential savings

20 January 2016

Nearly half of consumers failed to switch any of the most common financial products last year, meaning they may be stuck on uncompetitive deal. Failure to switch financial products means [...]

E.On cuts gas prices and launches new best buy deal

20 January 2016

Energy giant E.On has cut gas prices by £32 per year for existing customers, but for a much bigger saving of £310 from annual bills households will have to switch [...]

Employee benefits provider Neyber launches product range for UK employers

18 January 2016

Following a year-long partnership with the not-for-profit financial services provider to the police family, employee benefits group Neyber has launched a new product range for UK employers The loan specialist [...]

Greater number of current account providers offering cash sweeteners

18 January 2016

While current accounts are now well-known for their perks, which can include such items as insurance add-ons a greater number of providers are now raising the game by offering cash [...]

Wealthiest 62 people in the world own as much as the poorest half of the global population

18 January 2016

Runaway inequality has created a situation where today a mere 62 people own as much as the poorest half of the world’s population, claims a damning new report from Oxfam. [...]

Britons spend £1,700 a year treating themselves

15 January 2016

Bad weather, a horrible day in the office, or just because it’s payday are reasons that Britons use to treat themselves.   The average Briton spends £1,700 a year on [...]

2016 brings in new rate war between credit card providers

14 January 2016

The New Year has already ushered in a renewed rate war between credit card providers, all looking to attract new customers. Research from Moneyfacts.co.uk found that Bank of Scotland, Halifax, [...]

Will there be an interest rate rise in the UK at all in 2016?

14 January 2016

David Page, senior economist at AXA Investment Managers comments on the Bank of England’s (BoE) Monetary Policy Committee (MPC) meeting this week and concludes that November 2016 is now the [...]

“Make sure Blue Money is more financially vibrant next year”

14 January 2016

Ahead of Blue Monday, the day marked as the most depressing of the year, Tony Stenning, savings and investment expert at BlackRock, takes a look at how consumers can dodge [...]

Bank of England sits tight and holds interest rates at 0.5%

14 January 2016

The Bank of England’s Monetary Policy Committee (MPC) has voted eight to one in favour of keeping interest rates at their historic low of 0.5%. Once again Ian McCafferty, was [...]

Research shows drivers endured massive insurance price hikes in 2015

14 January 2016

Last year motorists endured ongoing hikes in their comprehensive car insurance premiums, however the final three months of 2015 delivered the steepest rise with prices rising by 7%, to stand [...]

Could the falling oil price push petrol and diesel prices as low as 86p a litre?

14 January 2016

With the price of oil still in free-fall the cost of petrol and diesel could drop to as low as 86p a litre at the cheapest fuel retail sites, the [...]

Customers could be hit with £250 energy bill rise as cheap deals end

13 January 2016

Households could be hit with an energy bill hike of more than £250 when a host of fixed rate deals expire at the end of this month with the UK [...]

One in five overspent at Christmas

12 January 2016

One in five admit to overspending at Christmas as Britain comes to terms with its January debt hangover. New research by Confused.com reveals that one in five (20%) Brits believe [...]

Clydesdale and Yorkshire Banks offer £150 if you switch to their current accounts

12 January 2016

Clydesdale and Yorkshire Banks have brought back their £150 current account switching offer. Customers who complete a full current account switch to Clydesdale and Yorkshire Banks using the Current Account [...]

MPs call on Government to offer better protection to those worst hit by benefit cuts

12 January 2016

MPs have called on the Government to offer better protection for people adversely affected by the benefits cap, bedroom tax and other welfare reforms. The Commons Work and Pensions Committee [...]

Santander customers urged to review their current account deal as bank hikes fees

11 January 2016

From Monday 11 January charges on the popular Santander 123 current account will more than double from £24 to £60 per year, affecting more than three million customers. Given the [...]

Average easy access ISA rates plummet to “lowest” ever levels

11 January 2016

While the arrival of 2016 has undoubtedly prompted many to review their financial situation and resolve to put more aside more money for a rainy day, would be savers are [...]

Millions gearing up to transfer their credit card balance to another provider

11 January 2016

Around seven million UK adults are considering transferring a credit card balance in 2016, according to research from Sainsbury’s Bank. The survey shows consumers presently have an average outstanding credit card [...]

Two thirds of UK drivers with convictions are guilty of speeding – and are now paying the price

11 January 2016

A massive two thirds of Britons with driving convictions are guilty of speeding – and are now living with the financial consequences, claims a new study. The research analysed car [...]

Emergency payments of nearly £24m already made to flooding victims with total bill set to hit £1.3bn

11 January 2016

In the wake of the devastating floods caused by storms Desmond, Eva and Frank during December and over the New Year more than 3,000 families are now in alternative accommodation [...]

Household debt reaches new high of £319bn

8 January 2016

Unsecured household debt has reached a new high, according to research by the TUC.   Excluding mortgages, collective household debt stood at £319 billion in the third quarter of 2015, [...]

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