Personal Finance News

15 Sep

Concerns over financial scams increase due to impact of pandemic

Fears and concerns around financial scams has increased over the past three months as over a third (36%) of UK adults say they their worry levels have increased – this compares to 26% when Canada Life, the financial services firm, last ran the data in May. The data reveals the situation is getting worse as […]

9 Sep

Average insurance claims by university students more than £700

The latest data from Admiral home insurance reveals the average value of a contents claim for university students is more than £700, with the most common items claimed for being laptops and phones, as well as personal valuables such as bikes, Jewellery and games consoles. With students heading off to university over the next few weeks, the insurer is […]

3 Sep

Under 35s least likely to seek financial advice from a professional

Research from Hodge has revealed that those under the age of 35 are the least likely to seek professional financial advice, with just 20% saying that they have previously sought advice from an IFA. According to the research – which asked over 3000 people about their attitudes to finances – family and friends are the biggest source […]

1 Sep

3.6 million Brits worry about paying bills

The economic impact of the coronavirus crisis has been far reaching with millions of people unable to work due to lockdown restrictions.  New research shows that nearly a third (31%) of UK adults have seen their income cut as a direct result of the crisis. The research, commissioned by GoCompare Money, reveals that 8% of people […]

25 Aug

Metro Bank customers can earn up to £250 with new Refer a Friend offer

Metro Bank has announced its first ever ‘Refer a Friend’ switching offer. Existing Metro Bank customers can receive up to £250 each by referring their friends to open a Metro Bank account using the Current Account Switch Service (CASS). The bank – which recently celebrated its 10th birthday after becoming the UK’s first new high street […]

9 Aug

Covid crisis sees younger consumers deliberately saving more

New 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 […]

4 Aug

Finance experts reveal how to get invaluable purchase protection amid coronavirus crisis

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 […]

28 Jul

High street shoppers budget £9.3 billion for post lockdown treats

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 […]

23 Jul

Fifth of over 50’s retirement plans impacted by COVID-19

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 […]