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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Choose the wrong personal loan and you could be well out of pocket

Interest rates have never been cheaper if you want a five figure personal loan from your bank, but if you only need borrow a smaller sum it’s far more expensive. The battle for personal loan business has seen lenders cherry picking and concentrating on the higher value end of the market. Rates are at rock […]

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Insurers expose £ 3.6 million worth of insurance frauds every day

Figures released this week by the Association of British Insurers (ABI) reveal that in 2014: Insurance companies detected 130,000 fraudulent claims, equivalent to 350 every day. The value of these frauds was £1.32 billion, a 3% increase on 2013. Between 2009 and 2014 the overall value of frauds detected has risen by 57% Dishonest motor […]

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Pick the right card and save up to £68 on your holiday spending abroad

As we approach the main holiday season with millions of families set to travel overseas, new research shows that failing to pack the right plastic could see you pay over the odds for your holiday spending money to the tune of £68 or more. If you’re someone who takes a couple of holidays a year, […]

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No let-up in battle to provide cheap credit

In a week when the chancellor unveiled his latest austerity measures, the banks showed no signs of pulling their horns in as a raft of low cost personal finance deals hit the shelves. In the personal loans market Santander and Cahoot both cut interest rates for loans of £5,000 to 4.5% APR, and have closed […]

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500,000 people switch banking to Santander

More than 500,000 UK current account holders have switched to Santander since the Current Account Switching Service (CASS) was launched in September 2013, according to new figures from the bank this week. A spokesman for the bank said: “We know from talking to our customers that many are attracted by our award-winning 123 Current Account and our […]

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