Rise in the number of Grandparents providing free childcare

The number of grandparents providing childcare has soared by nearly 50 per cent since 2009. The figures are included in a report from RIAS which claims that more than 9 million regularly look after their grandchildren in some capacity. Two thirds of grandparents now take care of their grandchildren for an average of 9 hours a […]

Posted in: News Read More →

One in four over-55s expect to never fully retire

According to new research from Key Retirement Solutions, over a quarter of UK workers aged 55 or over feel they will never be in a position to give up working completely for fear of not having sufficient money to live on. In a survey of more than 3,000 UK adults, one in four of those […]

Posted in: News Read More →

Government increases personal allowance for tax free earnings

The Chancellor announced in his Autumn Statement that the amount of money you are allowed to earn without paying tax is to be increased to £10,600 in April, £600 more than the current level. George Osborne said that he hoped to be in a position to increase the limit further, aiming for a figure of […]

Posted in: News Read More →

Chancellor reveals new Stamp Duty charging structure

The government has announced that it is to do away with the much criticized ‘single slab’ approach to stamp duty on residential property purchases. In his Autumn Statement message George Osborne announced that he would be introducing a new tiered charge from 4th December and claimed that “As a result stamp duty will be cut […]

Posted in: News Read More →

51% of people unaware of partner’s debts

A new survey claims that over half of people in a relationship don’t know about their partner’s loans, overdrafts or credit card borrowing. In the worst cases, Experian says that some 6% admit to splitting up because of arguments about finances. The findings also reveal that relationship breakdowns caused by financial worries are most common […]

Posted in: News Read More →

Regulator concerned that credit card deals are too complex

The Financial Conduct Authority (FCA) is to take a closer look at the credit card market as it feels that it isn’t working in the best interests of all customers. More than 30 million people in the UK have a credit card but the regulator is worried that products are too complicated and that there’s […]

Posted in: News Read More →

Cyber-attacks becoming a growing problem for smartphone users

According to a new report from Experian Cyber phishing emails and other forms of cyber-attack are becoming more prevalent as people rely more on the latest smartphones. The real worry is that many consumers are vulnerable to internet criminals with 60% of smartphone users and almost half of tablet users admit to not having any […]

Posted in: News Read More →

More customers turning to online banking

A new report shows that an extra four million adults are interested in carrying out their banking online for the first time Statistics released this week by the Payments Council found 70% of people who could use online banking to run their main account already do so, while a further one in ten would be […]

Posted in: News Read More →

New charges cap on payday loans

A limit has been introduced; restricting the amount payday lenders can charge borrowers from January. The Financial Conduct Authority (FCA) has stated that Interest rates will be capped at 0.8% of the amount borrowed per day and that no customers will have to pay back more than double the sum they borrowed. In addition to […]

Posted in: News Read More →

New low rate Credit Cards from Lloyds Bank and the Co-operative Bank

Two new long term low rate cards were launched this week from Lloyds Bank (Platinum) at 6.4% APR variable and The Co-operative Bank with 6.9% APR fixed for three years. Andrew Hagger, personal finance analyst said: “If you’ve got a card in your wallet that charges a low standard interest rate, there’s less financial impact […]

Posted in: News Read More →