Author Archive: Andrew Hagger

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Grandparents save parents £9,568 a year in free childcare costs

24 Jun 2019 New research from later life lending specialist, Hodge highlights the crucial role that the nation’s grandparents play in enabling parents to work. For many, retirement is an opportunity to enjoy the luxury of free time, however new research from Hodge revealed that grandparents are giving up an average of 11.5 hours a […]

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Life insurance cover gap revealed for UK renters

19 Jun 2019 A new study from Sainsbury’s Bank reveals that renters are significantly less likely to have life insurance or critical illness cover, with just 26% of renters taking out a policy in comparison to 41% of homeowners. In the past 10 years, the number of households renting privately with children has risen by almost 800,000 to […]

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Poor exchange rates and high fees cost Britons £640m on holidays in Europe last year

19 Jun 2019 New research by credit experts TotallyMoney reveals Brits lost £640m on their holidays in Europe last year due to high transaction fees and poor exchange rates. The annual Financial Awareness Survey 2019 commissioned by TotallyMoney and carried out by OnePoll asked 2,000 UK adults about their spending habits before and during a holiday abroad. £437m was lost […]

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Council tax lottery for over-65s

18 Jun 2019 Depending on where they live in the country, retired households can pay as much as 51% more for their annual council tax bill, new analysis* from UK’s leading independent equity release adviser Key shows. Council Tax Eats Up a Fifth of State Pension Income: The average council tax bill currently stands at £1,705 a year […]

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Over 5 million Brits have fallen victim to a financial scam

14 Jun 2019 More than 5 million Brits (10%) have fallen victim to a financial scam at some point in their lives, according to new research by Lloyds Bank and YouGov. A quarter (25%) of the 2,018 UK adults surveyed also reported knowing someone else who has been duped by a fraudster. Despite this, four […]

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£15 billion lies in unclaimed financial assets

11 Jun 2019 How rich are your parents? Do you know how much they REALLY own and what have they earned and saved throughout their working life? It’s a topic of contention that’s rarely discussed between families, but now may be the time to get the conversation going, as over 30 million Brits do not […]

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Cremation fees rise by up to 56% over four years

05 Jun 2019 Cremation fees across the UK have risen by an average of 21% over a four year period compared with general inflation over the same period of just 6.3% according to Royal London. Analysis of data, gathered from 267 locations in the UK over a four year period, shows cremation fees in Inverness, […]

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Ten Credit Card Myths That Could Be Leaving You Out of Pocket

03 Jun 2019 What’s the cheapest way to borrow? What do lenders think about me? How many cards should I have? Just some of the questions that people have when thinking about credit cards. And, as recent findings suggest, questions that not many people know the correct answer to. A 2019 OnePoll survey of 2,000 […]

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15% of Brits have never switched their energy supplier

30 May 2019 Energy comparison website, Simply Switch, commissioned a survey of nearly 1,500 British dual fuel customers to find out how satisfied they were with the service, and to compare energy rates across the six biggest suppliers in the UK. And the outcome seems to be a triumph for smaller, more independent service providers. Out of ten […]

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AIG Life research claims Brits happy to work until they are 68

28 May 2019 New research from AIG reveals workers expect to be physically capable of doing their jobs until past their 68th birthday, beyond the age they can start claiming the State Pension even when it is extended to 67 by 2028.  Almost a third believe they could work into their 70s and beyond with one in […]

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