Personal Finance News

7.5 million homes have no contents insurance

23 Feb 2018 The ABI’s ‘Britain Uncovered’ study has revealed that over a quarter of households – 7.5 million – have no contents insurance, leaving possessions worth over £266 billion unprotected and at risk. Commenting on the findings, a spokesman for GoCompare said: “Unlike buildings insurance, which is compulsory with a mortgage, contents cover is […]

18-year-olds twice as likely to be on Instagram as they are to be on electoral roll

21 Feb 2018 The number of UK 18-year-olds who have a profile on Instagram is more than double those who are ready to vote for the first time, new statistics have revealed. The number of people turning 18 who are registered to vote has fallen by 6.09% year-on-year. Just 374,515 youngsters joined the list for […]

Half of Cash ISA savers aged over 55 have never transferred accounts

20 Feb 2018 New research from Charter Savings Bank shows Cash ISA savers are missing out on transferring their accounts to gain more competitive rates and increased flexibility because they value convenience over better returns and fear the transfer will be too complicated. The research indicates that half of Cash ISA savers aged 55-plus have never […]

Kids ‘Use Mum and Dad’s Card and Know Their Pin’

16 Feb 2018 Nearly one in four primary school children have used their parents’ card to make purchases and one in five know their parents’ credit or debit card PINs, research from Prudential shows. The study coincides with the introduction of a new free online educational resource, Cha-Ching (www.cha-chingeducation.co.uk), which is designed to improve the financial […]

Single young adults invest in shared ownership to afford a property

14 Feb 2018 One in seven young Britons (14 per cent) say they would buy a home with a stranger in a bid to get on the property ladder, according to nationwide research. A new study of 2,000 Brits (aged 18 – 40) by HSBC has revealed the true extent to which buying a property […]

Retired homeowners gain £7,900 in property wealth in a year

13 Feb 2018 Retired homeowners have gained more than £7,900 each in property wealth in the past year despite uncertainty in the housing market, analysis* from leading over-55s financial specialist Key Retirement shows. Total property wealth owned by over-65s who have paid off their mortgages is near a record high of more than £1.101 trillion […]