Claims that 100,000 parents currently ‘fronting’ their children’s motor insurance

A new report from The Co-operative Insurance claims that around one hundred thousand parents are currently ‘fronting’ motor insurance for their children One in ten of parents of young drivers in the UK currently aged 17-25 have admitted to fronting their son’s and daughter’s motor insurance policy at some point, for an average time of two years. […]

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What would a 1% interest rate hike mean for your wallet?

There have been increasing rumblings that we may see interest rates rise before the year is out whilst others are pointing to early 2016, either way it’ll be the first upward move in interest rates since July 2007. The increases are likely to be in small steps of 0.25% every few months but whether you […]

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Yorkshire Building Society offers financial planning via video link

Reviewing and planning your financial future with a financial adviser is time well spent if you’re looking to get the most out of your money and to be able to look forward to a comfortable retirement. For many people the biggest obstacle is a lack of time during the working day, so heading into town […]

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How to get details of your credit score for free

It’s been well documented that households with a poor credit rating can pay hundreds of pounds more per year for finance and utilities payments than consumers with healthy credit scores. Specialist credit card provider Aqua showed last year that families with a lower credit score typically can only access a month by month broadband contract […]

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Investors unaware of savings protection changes as 100 day countdown begins

More than eight in ten people (83 per cent) are unaware that the protection provided for savings by the Financial Services Compensation Scheme (FSCS) will fall by £10,000 to £75,000 on 1 January 2016, according to research from peer-to-peer lender RateSetter. The FSCS, launched in 2011, guarantees the safety of savings kept in banks and […]

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Pensioners pay more than £17.5 billion a year in income tax

Pensioners in the UK pay a total of more than £17.5 billion in income tax every year, according to new analysis by Prudential. The insurer’s analysis of the most recently available ONS data on income and tax shows that in the 2012-13 tax year, over-65s paid an average of £3,258 each in tax. Collectively this […]

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Blow for Santander 123 customers as current account and credit card fees set to rise

Santander, the stand out performer when it comes to current account switching this week announced an increase in the 123 current account monthly fee from £2 to £5 with effect from January 2016. The cashback returns on utilities payments and in credit interest rates have not been changed, however the increased fee takes some of […]

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Impressive new offers from Virgin Money and MBNA as credit card borrowing soars

This week saw further evidence that credit card companies are battling harder than ever to take advantage of what is currently a buoyant credit card market. The surge in competition has ratcheted up a level in recent weeks, further evidenced by two new stand-out credit card offers. Virgin Money launched a table topping limited offer […]

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Plan ahead to avoid mortgage rate rise misery

With many experts predicting an interest rate rise in early to mid-2016 there has been increased focus on consumers currently on a variable rate mortgage and the potential cost implications they face. The last time there was an increase in base rate was back in July 2007 so there are thousands of borrowers out there […]

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Children carry an average of £234 of valuables in schoolbags each day

Research from Policy Expert reveals that almost half (47%) of parents are happy for their child to regularly take valuable items such as mobile phones, iPads and computer consoles  to school with them.  One in five (21%) trusting parents allow them to take more than £250 worth of gadgets, jewellery and other costly goods with […]

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