Author Archive: Andrew Hagger

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3 million Brits still paying off Christmas 2017

23 Jan 2019 UK adults are starting 2019 with outstanding borrowing from 2017, with 3.1 million  people still paying for Christmas 2017. The new study from Sainsbury’s Bank Credit Cards found more than a quarter (27%) of people have debt remaining from two years ago. This New Year, UK adults still owe money from 2017 shopping […]

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UK adults risk it as relatives manage their money for them

21 Jan 2019 UK adults are putting their finances at risk by shortcutting powers of attorney and relying on good will from their relatives to manage their finances, according to Co-op, the UK’s leading probate provider. A quarter (25%) of over 45 year olds have access to a relative’s bank account who isn’t their spouse. […]

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A quarter of people don’t save for the cost of Christmas

17 Jan 2019 Christmas may be an expensive time of year but new research by Leeds Building Society found nearly a quarter of people in the UK who celebrate the festive season (24%) don’t save ahead for it at all. Conversely, 15% of those surveyed start saving in January although 39% tend to leave it […]

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Grandparents support family to a tune of £21 billion every year

19 Oct 2018 New research from Charter Savings Bank reveals that 40% (over 5.8 million) of grandparents give their families cash handouts every year worth an average of £1,475 each, as well as the equivalent of one month’s free childcare. Children and stepchildren are the main beneficiaries, receiving £743 a year, while grandchildren collect around £450. […]

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Pensioners set to receive above-inflation pension increase

17 Oct 2018 Today’s publication of the inflation rate for September means that the government now has all the information that it needs to set pension and benefit rates for April 2019.  Under the terms of the pensions ‘triple lock’ policy, the pension has to be increased by the highest of: –          The growth in earnings, […]

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1 in 3 Britons are unaware of how to trace a lost financial product

16 Oct 2018 While losing money is common, with those prone to misplacing things often finding spare change in pockets (66%), bags (37%) and drawers/cupboards (34%), new research from NS&I reveals that 14% of Britons (7 million people) think they may have lost track of a financial product, highlighting the staggering amount of money left […]

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Customers lose up to 13% exchanging unused holiday cash

16 Oct 2018 Holidaymakers are losing up to 13% exchanging unused foreign currency after trips abroad due to the rates on offer from foreign exchange providers, financial data analytics experts Consumer Intelligence warn. One of the biggest gaps between buying and selling rates is offered by the Post Office – customers buying £100.99 of US dollars […]

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Android users claimed to be clumsiest smartphone owners

11 Oct 2018 Android owners are more likely to clumsily crack, crush and smash their devices than iPhone users are, according to new data which has been revealed by gadget insurance provider Protect Your Bubble. More than three quarters of Android and non-IOS users who submitted a claim to the insurance provider cited ‘accidental damage’ […]

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Tandem Bank launches new credit card to help borrowers build their credit record

11 Oct 2018 Tandem Bank, the UK’s leading digital bank, announce the launch of a second credit product, the Journey Card, available through application via the Tandem website. Tandem Bank obtained its banking licence in January 2018 and launched shortly after with their Cashback Credit Card and three market-leading Fixed Saver accounts, along with an advanced […]

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NatWest Launches new £125 current account switcher offer

03 Oct 2018 NatWest is offering a new offer, £125 to new and existing customers switching their main bank account. The limited time offer runs from 3 October 2018 until 3 December 2018. Customers switching to a NatWest Reward current account will also benefit from 2% Rewards on their household bills with an average of […]

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