Co-op Insurance has rewarded young drivers £11.8m since it launched in 2011

Since it launched in 2011, Co-op Insurance has given back over £11.8m to its Young Driver policyholders for driving well over the average policy lifetime** Young driver policyholders, aged 17-25, have clocked up over 820 million miles driving since the insurer launched the first mainstream telematics policy back in March 2011 – amounting to 48,000,000 […]

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Brits sitting on £420m worth of soon-to-be useless money

As the new 12-sided £1 coins come into circulation next week, Gocompare.com Money has found that Britain has a collective £420m worth of soon-to-be useless currency in coin jars and glove boxes. New research commissioned by the comparison site reveals that nearly half (49%) of Brits say they have £1 coins lying around in the […]

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24% of singles believe they will never be financially secure enough to retire

With the constantly rising costs of living, it is clear that many Brits are concerned about how they will ever be financially secure enough to retire. Peer-to-peer lending platform Lending Works surveyed over 1,500 non-retired adults in the UK , whose results you can see on their infographic, and made some concerning discoveries.  There is clearly more of […]

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Millions of UK adults have no savings

New analysis from Santander UK reveals that 10.3 million Brits (20 per cent) have no savings, leaving them exposed to unexpected expenditure. Although the average Brit saves £150 per month, a collective £81.8 billion a year, almost a fifth (18 per cent) save £50 or less. The study, which investigates the savings habits of the nation, reveals […]

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40% of pet owners rely on credit to cover unexpected vet bills

Research shows that 5.2 million UK pet owners did no research before buying their pet, leading many to underestimate the true cost of ownership. Satsuma’s survey, which covered 2000 respondents, found 40% were relying on borrowing or credit to cover unexpected expenses such as Vet bills. Keeping an animal can be an expensive exercise, with […]

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Nearly half a million Brits had a mobile phone stolen in the last year

Official crime data reveals that, on average, 1,220 mobile phones are stolen every day in the UK, but better security systems are having a huge impact on mobile phone theft with the numbers stolen at their lowest level for 10 years. Analysis of the latest crime data, commissioned by mobile insurer Protect Your Bubble, shows […]

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Families could see energy bills rise by as much as £269

There are 30 fixed dual fuel tariffs ending on March 31. Households could see their energy bills rise by more than a quarter (27%). Two of the ‘big six’ suppliers have deals ending that will result in price increases: EDF Energy and Npower. Families could be set for a shock a 30 fixed dual fuel […]

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Charity Bank launches campaign to get people to transfer their Cash ISA to an ethical provider

The British public wants banks to lend to organisations and projects that benefit society, but most people do not know what happens to their savings while they are deposited with their bank. This is one of the findings of a new piece of research conducted by Charity Bank, the ethical bank with a mission to […]

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Four in ten over 40s have no idea of the cost of retirement

Despite the Government’s pension freedoms giving us more control over our money in retirement, new research shows that 40% of people over 40 have no idea of the cost of even a basic lifestyle in retirement, suggesting that more needs to be done to show people how much they need to save in order to […]

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Changes to compensation payments could add £75 car insurance premiums

The Ministry of Justice has decided to reduce the discount rate used in calculations for compensation payments for those who suffer long-term injuries, and the net result could well be higher insurance premiums for drivers. Matt Oliver from Gocompare.com Car Insurance, commented:  “First IPT increases and now this!  Drivers are being hit with news about […]

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