Personal Finance News

7 Jul

Stand-in driving instructors risk breaking the law trying to help lockdown learners

As lockdown measures continue to ease, new drivers in England can now start taking driving lessons and theory tests again (from 4th July) and practical tests from 22 July. However, with only key workers able to take driving lessons and tests since 17 March and the DVLA only starting to take applications for provisional licences […]

1 Jul

MOT extension warning: Drivers warned to ensure their car is safe to drive as research reveals 9.3m cars need repair

As lockdown restrictions continue to be relaxed and people can use their cars more freely, GoCompare Car Insurance is warning drivers to make sure their vehicles are safe to drive and in a roadworthy condition. The warning comes as research, commissioned after MOT certificates were automatically extended due to the coronavirus pandemic, reveals that 9.3million cars require […]

26 Jun

Caxton launches ‘Travel Tracker’ for Brits interested in holidaying abroad later this year

Following the latest easing of the lock down by the government, Caxton has started to see an uptick in new card applications and customer queries re foreign travel options, as more people start thinking about the possibility of a summer holiday abroad later this year. On the back of increased customer questions regarding the best […]

23 Jun

Guide to navigating car tax rules during the Covid-19 outbreak

The DVLA recently announced an exemption for all vehicles whose MOT ran out after 30th March 2020 for a 6 month period to help the spread of Covid-19. This has led to much conversation surrounding what exactly you should be paying for while lockdown is still enforced, with people questioning whether they still would need to […]

22 Jun

Motor insurance claims surge by a third following relaxation of lockdown rules

Motor incidents have increased by over a third (35%) in the last few weeks, according to Co-op Insurance’s claims data released today. With non-essential shops recently re-opening and as the Government advises people to walk, cycle or drive where possible, Co-op Insurance is anticipating a further surge in road traffic incidents. Whilst research from the insurer shows almost a fifth […]

17 Jun

Top Scams Revealed

NatWest reveals the top scams fraudsters are committing in the wake of the coronavirus pandemic. Purchase scams in which goods are offered for sale but then never actually delivered are on the rise. The number one purchase scam reported in May was for Nintendo Switches, closely followed by pet related scams and hot tub purchases. […]

15 Jun

Biometrics set to replace bank passwords

NatWest is developing behavioural biometrics technology which could replace banking passwords. Next year, an additional form of authentication will be required for some transactions when Strong Customer Authentication comes into force. However, the technology, which has been customised in partnership with Visa for the purpose of increased transaction security, could replace passwords and helps to […]

9 Jun

Covid nightmare for retailers as consumer spending drops 26.7 per cent year-on-year

Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, reveals that spending on essential items grew slightly by 0.9 per cent. This was bolstered by a 24.5 per cent rise in supermarket spend – which increased to 27.0 per cent in the week preceding the VE Day weekend as […]

2 Jun

Co-op launches free service to help families deal with a late loved one’s affairs

Co-op Legal Services has today launched a Bereavement Notification and Advice Service to help people deal with a late loved one’s affairs. Recognising the demand and unexpected loss people are facing due to the Coronavirus outbreak, the unique service will mean bereaved people can access help informing financial institutions, stopping junk mail and logging off social […]