Personal Finance News

Grandparents save parents £9,568 a year in free childcare costs

24 Jun 2019 New research from later life lending specialist, Hodge highlights the crucial role that the nation’s grandparents play in enabling parents to work. For many, retirement is an opportunity to enjoy the luxury of free time, however new research from Hodge revealed that grandparents are giving up an average of 11.5 hours a […]

Life insurance cover gap revealed for UK renters

19 Jun 2019 A new study from Sainsbury’s Bank reveals that renters are significantly less likely to have life insurance or critical illness cover, with just 26% of renters taking out a policy in comparison to 41% of homeowners. In the past 10 years, the number of households renting privately with children has risen by almost 800,000 to […]

Poor exchange rates and high fees cost Britons £640m on holidays in Europe last year

19 Jun 2019 New research by credit experts TotallyMoney reveals Brits lost £640m on their holidays in Europe last year due to high transaction fees and poor exchange rates. The annual Financial Awareness Survey 2019 commissioned by TotallyMoney and carried out by OnePoll asked 2,000 UK adults about their spending habits before and during a holiday abroad. £437m was lost […]

Council tax lottery for over-65s

18 Jun 2019 Depending on where they live in the country, retired households can pay as much as 51% more for their annual council tax bill, new analysis* from UK’s leading independent equity release adviser Key shows. Council Tax Eats Up a Fifth of State Pension Income: The average council tax bill currently stands at £1,705 a year […]

Over 5 million Brits have fallen victim to a financial scam

14 Jun 2019 More than 5 million Brits (10%) have fallen victim to a financial scam at some point in their lives, according to new research by Lloyds Bank and YouGov. A quarter (25%) of the 2,018 UK adults surveyed also reported knowing someone else who has been duped by a fraudster. Despite this, four […]

£15 billion lies in unclaimed financial assets

11 Jun 2019 How rich are your parents? Do you know how much they REALLY own and what have they earned and saved throughout their working life? It’s a topic of contention that’s rarely discussed between families, but now may be the time to get the conversation going, as over 30 million Brits do not […]