Author Archive: Andrew Hagger

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7.5 million homes have no contents insurance

23 Feb 2018 The ABI’s ‘Britain Uncovered’ study has revealed that over a quarter of households – 7.5 million – have no contents insurance, leaving possessions worth over £266 billion unprotected and at risk. Commenting on the findings, a spokesman for GoCompare said: “Unlike buildings insurance, which is compulsory with a mortgage, contents cover is […]

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18-year-olds twice as likely to be on Instagram as they are to be on electoral roll

21 Feb 2018 The number of UK 18-year-olds who have a profile on Instagram is more than double those who are ready to vote for the first time, new statistics have revealed. The number of people turning 18 who are registered to vote has fallen by 6.09% year-on-year. Just 374,515 youngsters joined the list for […]

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Half of Cash ISA savers aged over 55 have never transferred accounts

20 Feb 2018 New research from Charter Savings Bank shows Cash ISA savers are missing out on transferring their accounts to gain more competitive rates and increased flexibility because they value convenience over better returns and fear the transfer will be too complicated. The research indicates that half of Cash ISA savers aged 55-plus have never […]

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Kids ‘Use Mum and Dad’s Card and Know Their Pin’

16 Feb 2018 Nearly one in four primary school children have used their parents’ card to make purchases and one in five know their parents’ credit or debit card PINs, research from Prudential shows. The study coincides with the introduction of a new free online educational resource, Cha-Ching (www.cha-chingeducation.co.uk), which is designed to improve the financial […]

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Single young adults invest in shared ownership to afford a property

14 Feb 2018 One in seven young Britons (14 per cent) say they would buy a home with a stranger in a bid to get on the property ladder, according to nationwide research. A new study of 2,000 Brits (aged 18 – 40) by HSBC has revealed the true extent to which buying a property […]

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Retired homeowners gain £7,900 in property wealth in a year

13 Feb 2018 Retired homeowners have gained more than £7,900 each in property wealth in the past year despite uncertainty in the housing market, analysis* from leading over-55s financial specialist Key Retirement shows. Total property wealth owned by over-65s who have paid off their mortgages is near a record high of more than £1.101 trillion […]

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Base rate rises on the horizon – experts say grab the best borrowing deals while you can

08 Feb 2018  Although the Bank of England kept the base rate at 0.50% at it’s monthly meeting today, it intimated that rates may rise again soon and more quickly than previously predicted. Some analysts are suggesting that the base rate will increase from today’s level of 0.50% to as much as 1.75% by 2020. […]

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Three-quarters of parents still feel responsible for adult child’s financial security

08 Feb 2018 More than three quarters of parents with children aged 18-40 said they still felt responsible for their child’s financial security some or all of the time, according to new research from Legal & General. The insurer surveyed over 1000 parents with children aged between 18-40, with the findings showing that the majority […]

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Green Flag warns more than 114,000 breakdowns (11 every minute) are expected this week

06 Feb 2018 As forecasters warn that Britain is set to have the coldest week of the year as temperatures continue to plummet. Leading breakdown provider Green Flag predicts more than 114,000 breakdowns will occur on Britain’s roads this week, as the difficult weather conditions take hold. An abundance of ice and snow showers are […]

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UK banks made nearly £10 billion from current account charges in 2017

02 Feb 2018 Analysis of over 11,000 UK personal current accounts (PCA) has revealed that the average holder was charged £152 in bank fees last year which, if incurred by every one of the 65 million active current accounts in the UK, suggests banks made £9.9 billion from charges in 2017. The data, collated by Plum, the […]

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