Personal Finance News

Concern at credit report inaccuracies

A new report has found that one in three consumers who checked their credit report in the last two years have found errors on their file. The most common mistakes according to the findings from uSwitch included the wrong personal finance products, such as credit cards, listed, the wrong address and even the wrong name […]

Big rise in energy bills on the way as cheap tariffs expire

A leading price comparison website has warned that consumers could see their energy bills jump by up to £145 in the January if they fail to switch to a new tariff. Gocompare research has highlighted that more than a dozen fixed-term energy tariffs – including 10 from some of the UK’s Big Six suppliers expire on 31st December. […]

Lower oil prices push Inflation to lowest level for 12 years

The Office for National Statistics (ONS) reported some good news for consumers today when it revealed that UK inflation figures were stronger than expected for November as the index reached its lowest level since 2002. The ONS said today that CPI inflation dropped back from 1.3 per cent in October to a better than predicted […]

Pension providers criticised by the Financial Conduct Authority

The Financial Conduct Authority (FCA) has hit out at the pensions industry, claiming that some providers have questionable sales practices whilst others failing to tell customers about the better value deals. The regulator says that as a result, less than half of people end up with the deal that’s best for them, and points to evidence of […]

New pensioner savings bonds paying up to 4% to launch in January

People aged 65 and over will be able to save up to £20,000 at market-beating interest rates from January 2015 under plans for pensioner bonds confirmed by George Osborne. National Savings and Investments (NS&I) will issue the one-year bonds paying annual interest of 2.8 per cent and three-year bonds which will be paying four per […]

20% of credit card customers only paying the minimum each month

Latest research from The Debt Advisory Centre suggests that one in five credit card customers only paid the minimum payment from their monthly card statement in October and that one in twenty failed to pay anything. The Debt Advisory Centre said that the figures were worrying as its research was carried out before the costly […]