Personal Finance News

Half of staycation holidays this summer will be completely uninsured

Half of Brits opting to holiday in the UK this summer could be doing so uninsured, leaving thousands of pounds worth of valuables at risk of theft, loss and damage, according to new research from home insurance provider Policy Expert. The study of nearly 2,500 people found that half (50%) admitted they didn’t have away […]

Car premium misery piles up for drivers according to latest AA report

The average premium quoted for a comprehensive car insurance policy is at its highest ever level according to the AA’s benchmark British Insurance Premium Index. Confirming the chorus of concern expressed by many commentators and the financial pain felt by families, the average ‘Shoparound’ quote rose by 8.3% over the three months ending 30 June […]

Nottingham Building Society bucking the trend by opening new branches

Nottingham Building Society is adding seven new branches to its portfolio in 2017 (ex Norwich and Peterborough Building Society) a strategy that has seen the mutual double its branch network over the past five years. It is amongst only a small number of providers bucking the trend when it comes to assessing the value of […]

UK holidaymakers plan to take around £836 million more in spending money than this time last year

As the summer holiday season heats up, new research from Sainsbury’s Bank Travel Money (www.sainsburysbank.co.uk/travel/money)  reveals people plan to take around £836 million more in spending money – or £34 per holidaymaker – than this time last year. The reason for this is to offset the fall in Sterling’s value against popular holiday currencies. The pound is […]

Check your car insurance before driving abroad, urges M&S Bank

M&S Bank is urging holidaymakers to check their car insurance policy before hitting the roads this summer as research reveals that nearly a quarter (23 per cent) of those planning to drive their car in mainland Europe believe they either aren’t, or don’t know if they are, insured to drive in the EU. When it […]

Late payments costing smaller UK businesses more than £2bn a year

The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit and Bacs Direct Credit in the UK. That’s in spite of a dramatic drop in the overall late payment debt, with new figures showing that UK small […]