Broadband Speeds Struggling to Cope With Peak Demand

Latest research from comparison site Uswitch.com shows that broadband speeds across the UK are at their fastest at 5am, but slow by more than a fifth by the time the majority of people are using their PC, laptop or tablet at 9pm. The range between best and worst speed varies in different parts of the […]

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One in Three People Dip Into Savings Every Month To Make Ends Meet

Dwindling levels of disposable income has led to almost a third of people in the UK having to raid their savings each month to help pay for household essential, according to the Scottish Friendly ‘Disposable Income Index’. It claims that more than nine million people regularly dip into their savings each month to the tune […]

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Mortgage Customers Urged to Review Finances Now Before Rates Increase

A Building Societies Association survey revealed that one in four mortgage customers claim they will struggle to cope financially if rates increase. The research in conjunction with Money Advice Trust said that 40% will have to cut back on holidays and meals out to cope with the additional monthly cost. More worrying was the claim […]

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Are You Paying Too Much For Your Car Insurance?

Premiums for car insurance are too high, the competition watchdog has said. The competition commission’s investigation of the £11bn motor insurance market found it was not working well for motorists . Too many drivers were footing the bill for unnecessary costs that were needed during the claims process for accidents and that this is adding […]

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Your Finger Could Soon Be All The Identity You Need to Access Your Bank Account

Barclays has just announced that its business customers will be able to access their accounts via high-tech finger-recognition technology from 2015. By scanning their finger with a VeinID device, customers will be able to log on to their accounts instead of having to rely on PINs, passwords or secret log ins. It is hoped the […]

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Only One in Three Will Give Up Work When They Reach 65

Two-thirds of workers approaching retirement intend to continue doing some form of paid or voluntary work once they are in ‘retirement’. Two-thirds of workers aged 50+ plan to do some form of paid work during retirement, with nearly a third doing so because they enjoy working, rather than for financial reasons. A quarter of workers […]

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Half of Consumers Don’t Know Their Mortgage Rate

As the Bank of England becomes increasingly likely to increase interest rates, almost half of UK mortgage holders are unaware of their current interest rate, according to new reports. More than a third were stunned to learn that if the base rate rises by just 1%, it could add £91 to the average UK variable […]

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Customers Skimping on Life Cover when Changing Mortgage

Six out of ten people who have moved up the property ladder in the past five years and taken out a bigger mortgage did not increase their life insurance cover. A survey of 2039 adults by Sainsbury’s Bank Life Insurance revealed that four in ten did not think it was necessary to review their cover […]

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Better Savings Rates and Low Cost Loans with Peer to Peer Providers

Many cynics said peer to peer lending would never work in the UK; but with savings rates from banks and building societies stuck firmly in the doldrums for the foreseeable future there’s growing evidence that this new sector is starting to become very attractive to consumers. With traditional savings rates having fallen by more than […]

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30% of People Admit to Payday Spending Blitzes

One in three people in the UK admits to living it up in the first few days after payday, blowing an average of £250 in just 24 hours. Clothing, food and alcohol are the most popular payday treats, with 55 per cent of women and 45 per cent of men going on to regret their […]

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