Personal Finance News

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 […]

1 Jun

Contactless payments have become the “new normal” across the UK

As Mastercard reveal that 66 per cent of all transactions across the UK are now contactless, new research released identifies consumer habits and viewpoints that mean this is a consumer change that will stand the test of time. In the UK contactless adoption was already high and Mastercard has recently worked with the industry to […]

26 May

1.5 million people plan to delay retirement because of Covid-19

1.5 million workers aged over 50 will delay their retirement as a direct result of the Covid-19 pandemic, according to new research from Legal & General Retail Retirement.* However, the retirement provider has suggested that worried households could benefit from a review of their savings before assuming they will need to delay. According to the […]

26 May

5.2 million UK adults either a victim or know someone who has fallen victim to a scam since the outbreak of Covid-19

One in ten (10%) UK adults (5.2 million people) have either fallen victim to a financial scam since the Covid-19 pandemic, or knows someone who has, according to new insight from financial services firm Canada Life. The company is warning that people need to be constantly vigilant as fraudsters are preying on the nation’s current […]

19 May

Easyjet data breach – tips from credit report experts

Commenting on the easyJet data breach, Alastair Douglas, CEO of finance experts TotallyMoney, said “This data breach could be a serious problem for the 9 million easyJet customers concerned — especially since the credit card details of 2,208 customers have been stolen. “The first point of action for anyone concerned about fraud is to check your […]

18 May

Yorkshire Building Society launches fixed rate bond in support of the End Youth Homelessness Covid-19 appeal

Yorkshire Building Society has just launched a fixed rate bond in support of the End Youth Homelessness (EYH) Covid-19 appeal, enabling savers to help homeless young people through the coronavirus outbreak. The one-year End Youth Homelessness Fixed Rate Bond will see savers receive a 0.70% gross p.a/AER* interest rate, fixed until 30 June 2021. The […]

13 May

Over 7.5 million holidaymakers in limbo over summer travel plans

Over 7.5 million holidaymakers have a summer holiday or other trip booked for later this year and, with Covid-19 travel restrictions still in place, many are worried about their holidays and their money. Yesterday, Health Secretary Matt Hancock suggested that 2020 was unlikely to have a normal summer holiday season and the Foreign and Commonwealth Office […]

12 May

Tesco Bank offers free cash-delivery service to vulnerable customers

Tesco Bank has launched a new service to support vulnerable customers who have no access to cash as a result of Covid-19.  Customers who are self-isolating or shielding can get cash delivered to their home free of charge. The service is available to Tesco Bank’s savings and personal current account customers and utilises the Tesco […]

10 May

Over 70% of UK self-employed think they will still struggle despite the Government’s Covid-19 support

Coconut, the smart bookkeeping app for self-employed people, with more than 23,000 customers, is rallying the entrepreneurial community to urge the Government to address major grant issues for millions of self-employed people in the UK (https://selfemployedincomesupport.co.uk/). Firstly, to urgently reconsider including 2019/20 tax returns and secondly, to issue much faster payments for those that are […]