Your Money

Personal Finance

Banking fraud rockets as losses total £755m last year

18 March 2016

Fraud Personal Finance Trending News

There has been a dramatic rise in the number of banking fraud losses as criminals target personal and business account customers.   Figures from the Financial Fraud Action UK reveal total losses for remote banking fraud leaped 72% last year to £168.6 million and internet banking fraud looses were up 64% to £133.5 million. Telephone […]

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Spring spruce up: Britons to spend £3,000 each on home renovations

18 March 2016

Personal Finance Property

Home refurbishments are top of the list as the seasons change with the average household set to spend £3,404 on sprucing up their home.   Research by American Express has found the advent of spring and the long Easter weekend have homeowners putting plans in place to renovate their homes.   Britons will spend on […]

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17,000 elderly motorists lost their licence last year

18 March 2016

Personal Finance Trending News

In the past year 17,000 over-70s have had their driving licences revoked and half of motorists think elderly people should be made to retake their test every three years.   A Freedom of Information request by Confused.com has revealed that in the past year alone, 17,000 people aged over-70 have had their licence revoked or […]

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Cases of malicious car damage spike by a sharp 15%

17 March 2016

News Personal Finance

Motor insurance claims for so-called malicious damage jumped 15% last year, according to data from the Co-operative Insurance. Since 2011 the firm had seen a 65% drop in the number of motor claims it received which were classed as being malicious damage, however between 2014 and 2015 this figure began to rise. An upward month […]

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Neil Woodford on Budget 2016: “Politically astute but that’s all”

17 March 2016

Economy Personal Finance Your Money

Star manager of the CF Woodford Equity Income fund, Neil Woodford, gives his view on George Osborne’s latest Budget… Budgets these days seem to be more about politics than economics and this one was no different. The outlook for the UK economy is neither better nor worse following yesterday’s Budget. What we did learn is that […]

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Budget 2016: Government to give eligible savers up to £1,000 per year in new Lifetime ISA

16 March 2016

Pensions And SIPPs Personal Finance Savings

The Chancellor has unveiled a new Lifetime Isa, which will allow under-40s to save up to £4,000 each year and receive a government bonus of 25% or £1,000 per annum. Rather than restricting the Isa to homebuyers, as George Osborne did with the launch of the Help to Save Isa, the latest incentive can be […]

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Call for Chancellor to tackle poor state of “financial wellness” among UK consumers

16 March 2016

Economy Personal Finance

A new report has exposed the poor state of financial wellness in the UK, leading to calls for the Chancellor to urgently tackle the issue in today’s Budget. The Momentum UK Household Financial Wellness Index has found that at least 10 million adults have not made adequate provision for retirement. It also revealed that more than 25 […]

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Skiers count the cost as Brexit fears send sterling down the slopes

15 March 2016

Investment Insight Personal Finance

Sterling has fallen by as much as 10% against nine currencies of popular ski destinations compared to a year ago, meaning holidaymakers heading to the slopes in 2016 could be in for an expensive trip. Uncertainty over whether or not Britain will vote to exit the EU in the referendum this June has caused volatility […]

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Chancellor George Osborne urged not to hike fuel duty in 2016 Budget

14 March 2016

Personal Finance

With the vast majority of motorists, at 84%, believing the tax burden on fuel is already too high the RAC is calling on the Chancellor to not introduce any further hikes in the Budget this week. A survey from the group found that 80% want to see George Osborne cut duty or at least continue […]

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City watchdog aims to get “financial advice and guidance to work better for consumers”

14 March 2016

Investing Strategy Personal Finance Retirement Planning

Millions of consumers could have better access to affordable financial advice and guidance that meets their needs at every stage of their lives as a result of recommendations from the Financial Advice Market Review (FAMR) published today. The review, a joint initiative between the Financial Conduct Authority (FCA) and HM Treasury has concluded there is […]

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