Personal Finance NewsNew research from Caxton, the travel money specialists, reveals how the coronavirus pandemic has changed the way people are managing their finances. In a survey response from almost 16,000 cardholders, the key findings were as follows: 39% of people say they are deliberately saving more. 59% of those aged 18-25 say they are deliberately saving […]
Finance experts TotallyMoney are advising people that if they need to make large purchases, they should do so with their credit card, to protect their finances during the coronavirus crisis. Section 75 of the Consumer Credit Act makes both credit card lenders and retailers responsible for when a service or product between £100 and £30,000 isn’t delivered Retailers […]
Brits are planning to spend an average £195 each on the high street on life-after-lockdown treats – equating to £9.3 billion1 across the UK – according to new research from American Express. Shoppers are hitting their local high street to treat themselves to meals and drinks out, along with some new items for their wardrobe. The […]
Almost a fifth (18%) of people aged 50 and over say that the COVID-19 pandemic has already or may impact their retirement plans, according to a new study from Co-op Insurance. Of these, a quarter (25%) said they’ve not been able to retire due to their finances, a fifth have had to use some of their […]
Paragon Bank has urged savers to ensure they are making the most of tax-free savings as figures show that the number of ISA openings has halved this year. According to data analysed by Paragon, British savers opened a total of 932,000 new ISAs between February and May 2019. During the same period in 2020, only […]
Fewer than two fiths (39%) of adults living in rental accommodation have home contents cover compared to four out of five (83%) homeowners. Renters value their home contents at around £30,000 on average. Only one in five (20%) people aged under 25 have cover in place, whereas the vast majority of those aged 55+ have […]
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 […]
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 […]
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 […]
