Personal Finance News

Grandparents support family to a tune of £21 billion every year

19 Oct 2018 New research from Charter Savings Bank reveals that 40% (over 5.8 million) of grandparents give their families cash handouts every year worth an average of £1,475 each, as well as the equivalent of one month’s free childcare. Children and stepchildren are the main beneficiaries, receiving £743 a year, while grandchildren collect around £450. […]

Pensioners set to receive above-inflation pension increase

17 Oct 2018 Today’s publication of the inflation rate for September means that the government now has all the information that it needs to set pension and benefit rates for April 2019.  Under the terms of the pensions ‘triple lock’ policy, the pension has to be increased by the highest of: –          The growth in earnings, […]

1 in 3 Britons are unaware of how to trace a lost financial product

16 Oct 2018 While losing money is common, with those prone to misplacing things often finding spare change in pockets (66%), bags (37%) and drawers/cupboards (34%), new research from NS&I reveals that 14% of Britons (7 million people) think they may have lost track of a financial product, highlighting the staggering amount of money left […]

Customers lose up to 13% exchanging unused holiday cash

16 Oct 2018 Holidaymakers are losing up to 13% exchanging unused foreign currency after trips abroad due to the rates on offer from foreign exchange providers, financial data analytics experts Consumer Intelligence warn. One of the biggest gaps between buying and selling rates is offered by the Post Office – customers buying £100.99 of US dollars […]

Android users claimed to be clumsiest smartphone owners

11 Oct 2018 Android owners are more likely to clumsily crack, crush and smash their devices than iPhone users are, according to new data which has been revealed by gadget insurance provider Protect Your Bubble. More than three quarters of Android and non-IOS users who submitted a claim to the insurance provider cited ‘accidental damage’ […]

Tandem Bank launches new credit card to help borrowers build their credit record

11 Oct 2018 Tandem Bank, the UK’s leading digital bank, announce the launch of a second credit product, the Journey Card, available through application via the Tandem website. Tandem Bank obtained its banking licence in January 2018 and launched shortly after with their Cashback Credit Card and three market-leading Fixed Saver accounts, along with an advanced […]