Author Archive: Andrew Hagger

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NatWest to pilot the UK’s first biometric payment fob

04 Dec 2019 The first biometric fingerprint payment fob issued by a UK bank begins a three-month national trial today (4 December 2019). NatWest is piloting the cutting-edge, biometric fingerprint technology with 250 customers. The bank has previously piloted biometric cards, but this will be the first-time payments have been made possible over £30 without […]

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Energy suppliers charging vulnerable customers up to £93 a year to pay by cash or cheque

03 Dec 2019 Research from auto-switching energy service, Migrate found that energy suppliers are charging customers an average of £87 a year to pay on receipt of a quarterly bill rather than pay monthly via direct debit. The largest difference between payment options comes from Utility Warehouse, who charge customers £93 a year to pay on receipt […]

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Paragon Bank launches Lifetime ISA

26 Nov 2018 Paragon Bank has introduced new competition to the Lifetime ISA market, launching a Cash Lifetime ISA (LISA). The Lifetime ISA currently pays 1.15% and can be opened between the ages of 18 and 39, allowing customers to save up to £4,000 a year tax-free and receive a 25% government bonus until they […]

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Best way to protect purchases ahead of expected £7 billion Spend on Black Friday and Cyber Monday

25 Nov 2019 Credit experts TotallyMoney reveal their top 10 tips for customers to keep their purchases protected under Section 75 of the Consumer Credit Act ahead of the season’s busiest shopping period. The experts say: Section 75 of the Consumer Credit Act protects credit card purchases from £100 to £30,000 Section 75 gives people extra protection […]

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27% drop in interest-free months for credit card spending leaves festive shoppers out in the cold

19 Nov 2019 In October 2018 there was a total of 17 credit cards offering interest-free periods lasting more than 20 months. The top 10 leading cards avoided adding interest for at least 26 months (Clydesdale Bank), while the best deal delivered 30 months (Santander). A year later only five credit card companies offer shoppers […]

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Why making a will may be the most important decision you ever make

18 Nov 2019 Money remains one of the UK’s least favourite topics of conversation, it’s unsurprising then that research has found that 54% of UK adults don’t have an appropriate will; either they’ve never had one or their current will is out of date.  For many people, thinking about what will happen once you’ve passed […]

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Sandwich Generation struggling the most to save money

13 Nov 2019 Individuals who look after both children and elderly parents, described as being part of the ‘sandwich generation’, are struggling the most to save money, according to Aldermore’s Annual Saving’s Tracker research. Almost a third (32%) of individuals who have adult children living at home and who care for elderly parents, are unable […]

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Gambling controls launched for Halifax card customers

12 Nov 2019 Halifax customers can now benefit from a service feature to protect themselves from gambling-related harm. The gambling card freeze, which is a feature of the banks’ mobile app[s], was developed in recognition of the ways in which the bank can support customers to manage their money and gamble responsibly. Halifax is the […]

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Five misconceptions about Wills

06 Nov 2019 Research by mutual insurer, Royal London, found nearly three in five (57%) of UK adults do not have a Will in place. November is Will Aid Month and Royal London tested the public’s knowledge of Wills – this revealed five misconceptions. 1. – My children will be cared for by my immediate family if I […]

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A fifth of borrowers overpay on their mortgage

04 Nov 2019 Homeowners could be mortgage free sooner than they initially planned thanks to flexible mortgages that allow borrowers to overpay each month.  Data from Yorkshire Building Society shows a fifth (23%) of borrowers are in credit on their mortgage after making overpayments on their account. For some, overpayments can be a way to […]

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