Personal Finance News

23 Dec

23 million people still shopping on Christmas Eve

Around 23 million people have left some of their festive shopping until the last minute and will be hitting the shops on Christmas Eve, according to latest research from Sainsbury’s Bank Credit Cards. Based on interviews with people regarding their Christmas week spending habits, the Bank estimates that a staggering £832 million could be spent […]

23 Dec

£223m worth of Christmas gifts will be returned this year

According to the latest research, £223m worth of unwanted Christmas gifts are set to be returned this year . As a result comparison site is urging people to check retailer’s returns policies before heading to the shops, as 45% of Brits who have tried to return gifts in the past said they had been unsuccessful. […]

22 Dec

Card transactions growing at the fastest rate in a decade

Debit and credit card spending reached £47.8 billion in October but the annual growth rate is slowing, according to the latest figures from The UK Cards Association. Card spending grew by 6.5 per cent in the year to October, down from a peak of 7.4 per cent in May this year. Figures show that debit […]

22 Dec

Cash is the safe Christmas gift option

New research from Friends Life suggests that one in three Brits will choose to give money rather than presents this Christmas. The average cash sum will be around £110, although a generous one in twenty will give between £200 and £500, according to the findings from the UK pensions and insurance giant. Over thirty per […]

17 Dec

Concern at credit report inaccuracies

A new report has found that one in three consumers who checked their credit report in the last two years have found errors on their file. The most common mistakes according to the findings from uSwitch included the wrong personal finance products, such as credit cards, listed, the wrong address and even the wrong name […]

16 Dec

Big rise in energy bills on the way as cheap tariffs expire

A leading price comparison website has warned that consumers could see their energy bills jump by up to £145 in the January if they fail to switch to a new tariff. Gocompare research has highlighted that more than a dozen fixed-term energy tariffs – including 10 from some of the UK’s Big Six suppliers expire on 31st December. […]

16 Dec

Lower oil prices push Inflation to lowest level for 12 years

The Office for National Statistics (ONS) reported some good news for consumers today when it revealed that UK inflation figures were stronger than expected for November as the index reached its lowest level since 2002. The ONS said today that CPI inflation dropped back from 1.3 per cent in October to a better than predicted […]

14 Dec

Pension providers criticised by the Financial Conduct Authority

The Financial Conduct Authority (FCA) has hit out at the pensions industry, claiming that some providers have questionable sales practices whilst others failing to tell customers about the better value deals. The regulator says that as a result, less than half of people end up with the deal that’s best for them, and points to evidence of […]

14 Dec

New pensioner savings bonds paying up to 4% to launch in January

People aged 65 and over will be able to save up to £20,000 at market-beating interest rates from January 2015 under plans for pensioner bonds confirmed by George Osborne. National Savings and Investments (NS&I) will issue the one-year bonds paying annual interest of 2.8 per cent and three-year bonds which will be paying four per […]