Personal Finance News

Men twice as likely to have mobiles stolen at music festivals

Almost 5 million 18-35 year olds are planning to book tickets to music festivals this summer, carting with them £1.8 billion worth of gadgets[1], according to gadget insurer Protect Your Bubble. And it seems that few of them take throwaway phones. The average festival-goer carries £368 of gadgets, with almost a third (30%) packing tech […]

Consumers fail to understand benefits of annuities

Retirement Advantage is warning that despite the renewed popularity of annuities following the introduction of pension freedoms, out-of-date myths about the product continue to abound.  The company is urging people to get professional financial advice before making any decisions about their pensions. Andrew Tully, pensions technical director at Retirement Advantage, commented: ‘The pension changes have […]

New generation of travellers demand digital insurance services

International travel insurance provider, Allianz Global Assistance UK, is changing traditional insurance practices to ensure a simple ‘right first time’ claim submission and speedy payment.  The company has enhanced its digital system to improve how travel insurance claims are made, after it found that 1 in 3 claims did not include the right documentation when […]

Poor password security leaves people open to cyber crime

A third (30%) of UK adults have admitted to using something personal, such as their date of birth, maiden name or home address to create their password, much of which is easily accessible online. Almost half (44%) said they rarely or never change their online password – further increasing the risk. The findings also show […]

Holidaymakers missing out on valuable cover by arranging travel policies at last minute

As summer holiday season approaches, experts from travel insurance are warning holidaymakers not to leave arranging their travel insurance to the last minute or risk losing their holiday costs if they have to cancel their trip. According to research based on their own customer data, more than half (56%) of the holiday makers who […]

British travellers set to spend over £100 million on excess baggage charges this summer

research by Tesco Travel Insurance has found that British travellers are set to pay out £112m to airlines in excess baggage charges this summer. The research found that over packing is rife, with just over 3 million passengers expected to go over their baggage allowance and many checking in more than one bag for their […]