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July 30, 2014 - Latest:

Millions of flood-risk properties to be left without home insurance

25 July 2014

Millions of homeowners whose properties are at risk of flooding could find themselves without any cover after being excluded from a new affordable flood insurance scheme.   The government and [...]

500,000 could miss out on compensation over mis-sold card and ID insurance

25 July 2014

Half a million consumers who were duped into buying card or identity protection insurance by Card Protection Plan (CPP) have less than five weeks to make a claim for compensation. [...]

Challenging the dominance of the Big Four banks: expert reaction

18 July 2014

Consumer champions, challenger banks and comparison sites have implored the competition watchdog to bring an end to the monopoly within the current account market tin order to encourage product innovation [...]

Competition watchdog barks at Big Four banks over control of current account market

18 July 2014

The competition watchdog is planning an investigation into UK that should see it challenge the ‘Big Four’ high-street banks which control the majority of the current account market. Initial findings [...]

592,695 current account switches in 2014

16 July 2014

There were 592,695 current account switches in 2014 in the year to the 30th June – a 16% year-on-year increase on the year before says the Payments Council. In addition, [...]

Costly homes and income falls: how the burden of homeownership is growing

11 July 2014

Britain’s fiscal watchdog has warned the gap between house price growth and wage inflation will continue to rise, as fears emerge that the average wage could have fallen 20% more [...]

Are you loyal to your bank? Consumer trust rises but we’re more likely to switch

6 July 2014

Trust in banks may be increasing but customer loyalty to a banking brand is starting to wane. A survey by comparison site uSwitch shows that despite numerous scandals including payment [...]

MPs plan to reduce fraudulent claims could push up cost of car insurance

4 July 2014

Insurers have warned the government’s proposal to ban the settlement of whiplash claims without proper medical examination would drive up the cost of car insurance for motorists. MPs on the [...]

Energy scandal: British Gas to pay out £1 million to compensate for mis-selling

4 July 2014

British Gas has been forced to compensate thousands of customers after mis-selling them energy deals by exaggerating how much they could save if they switched to the country’s largest energy [...]

Londoners savviest with money but less than half of UK review their finances each year

4 July 2014

As home of the nation’s financial centre, and the most expensive place to live in the country, it may come as no surprise that Londoners are the savviest with their [...]

Inflation hitting under 30s hardest due to university tuition fees

17 June 2014

Inflation has fallen for all age groups in the United Kingdom according to Alliance Trust’s monthly study into how price rises affecting different age groups. The survey has found that all [...]

UK disposable income on the rise at around 8% of take home pay

17 June 2014

Britons have seen a three percentage point rise in their disposable income over the last three months. On average, people in the UK now have eight per cent of their [...]

Call for a National Wealth Service and ‘fundamental’ shake-up of pensions

16 June 2014

A nationwide organisation of pension advice outposts and lifetime pensions should be the future of retirement in the UK, according to expert Ros Altmann. Working with insurer MetLife, Altmann has [...]

Co-op Bank asks customers to shape its ethics policy after disastrous year

13 June 2014

Customers of disgraced bank The Co-operative will have a chance to shape the future of the organisation as it rewrites its ethical policies following a near collapse. The Co-operative Bank [...]

Bank warns of ‘sooner than expected’ interest rate rise that will hit ‘vulnerable’ homeowners

13 June 2014

Bank of England governor Mark Carney has warned interest rates could rise ‘sooner than expected’, and the fall out for over-indebted households could be very serious. Speaking at the annual [...]

Britain wakes up to saving! Over half of people now saving enough for old age

11 June 2014

The introduction of pensions auto-enrolment and a tentative pick-up in the economy has pushed UK retirement savings rates to their highest levels in five years. How to build an efficient [...]

Guest blog – John Baird – if finances are tight, here are twenty ways to save money

5 June 2014

Whether you have specific financial goals in mind or you are aiming to reduce your personal debts, there is almost always a good reason to rein in your spending and [...]

Men and women saving same percentage of their salaries

2 June 2014

Despite taking home seven per cent less salary than their male counterparts, women in the UK are putting the same percentage of their income away each year as men, says [...]

A plan for rekindling trust? George Kinder takes his life planning message to consumers. The Mindful Money interview

2 June 2014

George Kinder has been an advocate for a fundamental change in the relationship between financial firms and their customers and clients for many years. He says the financial crisis has [...]

Hargreaves says increase in premium bond limit to £40,000 will attract higher rate taxpayers

28 May 2014

The new higher premium bond investment limit is likely to appeal to better off investors who have already used their maximum Isa limit says Hargreaves Lansdown. From Sunday 1 June 2014 the [...]

Good news! You’ve almost finished paying your tax for the year

23 May 2014

UK taxpayers have nearly finished paying off the taxman this year and actually paid less than last year. Tax Freedom Day, as calculated by the Adam Smith Institute, falls on [...]

Energy switchers could save an average of 26% on bills – the biggest savings since 2010

21 May 2014

UK households could reduce their annual energy bills by an average of 26 per cent – the highest average saving since 2010, by simply switching for the first time says MoneySuperMarket. [...]

Two thirds of Britons now reviewing their electricity and gas bills regularly

20 May 2014

Two thirds of Britons have switched both gas and electricity suppliers according to research by TopCashback. Additionally, the firm says that more than three-quarters (75%) of Brits are considering switching [...]

Holidaymakers going to Kenya told to check travel insurance after terror attack

16 May 2014

Holidaymakers with planned trips to Kenya have been urged to check whether their travel insurance covers cancellation of their trip following terrorist attacks in the area. The Foreign Office has [...]

ONS figures reveal UK divided by pension haves and have-nots

16 May 2014

The latest figures on wealth distribution in the UK highlights the recovery in the economy is not closing the gap between rich and poor and a retirement gap is also [...]

Another energy scandal: E.ON fined £12m for mis-selling to ‘vulnerable’ customers

16 May 2014

Energy giant E.ON has been fined £12 million for mis-selling to hundreds of thousands of ‘vulnerable’ customer, including pensioners. Ofgem, the energy watchdog, has slapped E.ON with the fine after [...]

Three quarters of energy switchers opting for small suppliers as customers spurn Big Six

15 May 2014

Almost three quarters of energy switchers are opting for smaller providers according to comparison website Gocompare.com. Some 71% of people  who switched their energy tariffs over the last two months [...]

As many as two million drivers classing themselves as main driver for insurance purposes when they are not

15 May 2014

As many as two million UK motorists may have classed themselves as the main driver for insurance purposes when they are not, typically to secure lower premiums for their children, [...]

EDF Energy offers fifth best fixed deal on the market with no cancellation charges

25 April 2014

EDF Energy has responded to better deals from smaller rivals by finally offering what Gocompare.com calls a competitive fixed tariff. OVO Energy and First Utility continue to top the tables for [...]

Better off Britons increasingly believe their heirs will use an inheritance for living expenses not for saving

14 April 2014

Better off Britons believe their beneficiaries are increasingly likely to spend their inheritance on paying for the cost of living at the expense of saving a new survey by Close [...]

Millions anticipate their debts will spiral further into the red next year

3 April 2014

While last month’s Budget indicated that things were improving for many, the situation is likely to worsen for the nine million households who believe their debts are going drastically to [...]

As EU bans roaming mobile charges from end of 2015, uSwitch says foreign mobile networks may bring cheaper packages to UK

3 April 2014

The European Parliament has voted to scrap mobile roaming charges across the European Union from December 2015 Ernest Doku, telecoms expert at uSwitch.com, says: ”The death of roaming charges can’t come [...]

EU rule change could shatter debit and credit card system warns UK Cards Association

2 April 2014

The European Parliament is debating proposals that would undermine the structure of the card payments system used by 47 million British consumers, trade body the UK Cards Association has warned. [...]

The six point check list for the end of the tax year

1 April 2014

Hargreaves Lansdown has issued a six point check list for the end of the tax year which we have included below. 1. ISA You can invest up to £11,520 per [...]

Gocompare warns duel fuel tariff customers not to fall back on to higher standard rates as deals come to an end this month

25 March 2014

Comparison site Gocompare has warned most energy duel fuel tariff deals are coming to an end and that customers could see bills rocket if they don’t shop around and fall [...]

SSE finally passes on government levy reduction to customers (with latest best buy tables)

19 March 2014

SSE customers will finally feel the benefit of the government’s levy reductions that were announced almost four months ago. The price cut on the 24th March – the last to [...]

Npower customers will see around £33 cut from bills on 28th February though it’s still £79 higher than last year

26 February 2014

npower customers are finally about to benefit from a 2.5% cut to their bills, following the Government’s levy reductions announced early December last year. The price cut due on the [...]

Flood victims need to check repayment and extra interest cost before taking on extra debt or mortgage holidays says Gocompare

24 February 2014

Comparison site Gocompare has urged flood victims to consider the repayment implications of any overdraft extensions or mortgage holidays they take out to tide them over. Several UK banks and [...]

Soaring costs of private school fees sees almost two fifths of parents considering withdrawing children

19 February 2014

Some 37 per cent of parents with children at fee-paying schools are considering taking them out of private education over rising fees according to Lloyds Bank Private Banking. An even [...]

Soaring private school fees sees almost two fifths of parents considering withdrawing children from private education

19 February 2014

Some 37 per cent of parents with children at fee-paying schools are considering taking them out of private education over rising fees according to Lloyds Bank Private Banking. An even [...]

More than half of affluent Britons unaware of inheritance tax threshold

17 February 2014

Affluent Britons could face unexpected tax bills on their estate because they have no awareness of the inheritance tax threshold. The latest Trends in Wealth Report: Heir today, gone tomorrow by Close Brothers [...]

Rural Aberdeenshire tops the 4×4 ownership charts followed by Kensington, Holland Park, Knightsbridge and Chelsea

13 February 2014

The number of 4×4 cars on Britain’s roads has increased by around a fifth in the last five years according to research by insurer Admiral. It also shows that Banchory [...]

Are joint bank accounts going out of fashion among younger couples?

12 February 2014

A third of couples in the UK do not share a joint current account – and a further third of couples who do share a joint account revealed that at [...]

Cost of raising a child hits £227,266 with families feeling the impact of benefit cuts

23 January 2014

The cost of bringing up a child has reached £227,266, up from £222,458 last year, with the first year of a child’s life seeing the largest increase. According to the [...]

Equitable Life payments have gone to 717,600 policyholders totalling £816m.

22 January 2014

The Equitable Life Payment Scheme has now made payments to 717,600 policyholders totalling £816 million. The scheme was set up by the government in 2011 to make payments to Equitable [...]

Cost of a funeral jumps 7.1% to £7,622

21 January 2014

The cost of a funeral has rocketed by 7.1% in the last year a University of Bath study has found. The cost for a funeral, burial of cremation now stands at [...]

Londoners most likely to forget their PIN number

21 January 2014

Two fifths of adults have had to order a new PIN because they’ve forgotten their existing one, a new study has found. According to research by budgeting account provider thinkmoney, many people [...]

E.ON price rise comes into effect this weekend with hopes it is the last rise of the winter from the ‘Big Six’

16 January 2014

The last of the big six energy suppliers’ winter hikes comes into effect this Saturday 18th January. E.ON will be increasing its prices by £45 or 4% for standard direct debit [...]

Npower still top of Consumer Futures’ Big Six complaints league

15 January 2014

Energy complaints information compiled by Consumer Futures shows that npower continues to receive the highest number of complaints (253.1)*, around eight times more than the best performing company, placing it bottom [...]

Five tips to help your money beat inflation

14 January 2014

Online investment management service Nutmeg has suggested five ways for consumers to beat inflation. Nick Hungerford, CEO and founder of online investment management service Nutmeg, says that while this week’s figures indicate [...]

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