Personal Finance News

Four in ten parents of under-18s have no life insurance

Research  from Sainsbury’s Bank Life Insurance reveals that four in ten parents with children under the age of 18 do not have any life insurance in place. Around two thirds of these parents do not have any critical illness protection. The findings highlight the life insurance gap for families who may be unable to cope […]

What would a 1% interest rate hike mean for your wallet?

There have been increasing rumblings that we may see interest rates rise before the year is out whilst others are pointing to early 2016, either way it’ll be the first upward move in interest rates since July 2007. The increases are likely to be in small steps of 0.25% every few months but whether you […]

Nearly one in three will be in the red in retirement

Nearly a third of over-55s expect to be in debt in retirement or are unsure whether they will have paid off all their financial commitments, new research by equity release lender more 2 life shows. Around 60% of those surveyed had applied for some form of credit within the last two years, including 58% of […]

Unique ‘Cash Kitty’ App launched by Santander

The days of the best man chasing the groom’s mates to get their contribution to a weekend of revelry, a tatty envelope going round the office collecting cash for a colleague’s birthday gift, or a jam jar stuffed with cash in a shared house could well be a thing of the past with the launch […]

Time to give your bank the elbow?

The latest current account switching numbers from Bacs reveal that 1.10 million people moved banks in the last 12 months, up by 4 per cent on the corresponding figures a year ago, but nonetheless disappointing with most customers choosing to stick with their existing provider. Santander, Halifax, Nationwide Building Society and Tesco Bank are winning […]

Jury service leaves workers out of pocket

New research from Churchill Home Insurance reveals thousands of British workers would be forced to survive on the Governments’ statutory payments, for loss of earnings and expenses, when completing jury service. One in twenty (five per cent) employers will not pay any wages for an employee attending jury service, leaving those completing their civic duty to […]