Personal Finance News

Car insurance bills are rising five times faster than inflation

21 Sept 2017 Car insurance bills are rising five times faster than inflation, taking average annual bills to £755, new research from insurance research experts Consumer Intelligence shows. Its data shows average premiums rose by 14.6% in the past year – five times inflation at 2.9% ­– but there is some relief with the pace of […]

Lack of savings makes goals out of reach for many

19 Sept 2017 The latest research from Aldermore’s 2017 Annual Savings Tracker reveals that over three fifths (61%) of the nation are saving, putting away an average of £2,748 a year. However, while it seems the savings message is recognised by the majority of people, the rate at which the nation is saving means that […]

Co-op Insurance research claims students risk safety on the road

19 Sept 2017 As half a million students are off to university this month, Co-op Insurance is warning of the dangers of over-packing cars ahead of these journeys. The study conducted among UK students revealed that three quarters travel by car when moving into or out of their student home. Of these, two fifths (41%) […]

2.5 million UK home buyers pay too much for their mortgage

13 Sept 2017 New analysis of the mortgage market by Tesco Bank reveals that up to 2.5 million UK home buyers may be over-paying on their mortgage as a result of slipping onto higher Standard Variable Rates (SVRs) at the end of their fixed rate period. With the typical SVR at 4.39% compared to the […]

Contents insurance not a priority for half of students

11 Sept 2017 As more than half a million students pack their bags for University this September, a new study by Co-op Insurance reveals almost half don’t have home contents insurance. The study, conducted among UK University students found that 46 per cent don’t have home contents insurance and a tenth simply don’t know if […]

Nearly half of over-55s plan to downsize

8 Sept 2017 More than 3.9 million over-55s plan to downsize to a cheaper property later in life – but it is convenience rather than the cash that is their biggest motivation, according to new research from Prudential. The nationwide study found nearly half of over-55 homeowners planning to sell and move to cheaper homes in later […]