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 […]

Posted in: News Read More →

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 […]

Posted in: News Read More →

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 […]

Posted in: News Read More →

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 […]

Posted in: News Read More →

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 […]

Posted in: News Read More →

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 […]

Posted in: News Read More →

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 […]

Posted in: News Read More →

Probate fee rise ‘a new tax on bereaved families’

STEP has condemned the sharp increase in probate fees due to come in this May as a new tax on bereaved families. The new fees will now be pro-rata, and apply to all estates worth GBP50,000 and over. An estate of GBP300,000-GBP500,000 will now pay GBP1000, and estates of GBP2m or more will pay as […]

Posted in: News Read More →

Brits to Spend £108 Billion on Cars in 2017

With excitement revving up for the release of ‘17’ number plates on 1 March, buying a car is a significant purchase. A new study from American Express® has found that 19% of adults will spend an average of £11,094 buying a brand new or second hand car this year, equating to a bumper £108 billion across […]

Posted in: News Read More →

AA Home Cover offers radical new boiler cover which pays for itself

The biggest home running cost for most people is gas and electricity, just as the biggest car running cost can be fuel, according to AA Home Services. Today the AA launches a radical new boiler cover and energy switching service, which guarantees to save members £200 on their gas and electricity costs and non-members £150. […]

Posted in: News Read More →