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Three-quarters of parents still feel responsible for adult child’s financial security

Andrew Hagger | February 8, 2018

08 Feb 2018 More than three quarters of parents with children aged 18-40 said they still felt responsible for their child’s financial security some or all of the time, according to new research from Legal & General. The insurer surveyed over 1000 parents with children aged between 18-40, with the findings showing that the majority […]

Green Flag warns more than 114,000 breakdowns (11 every minute) are expected this week

Andrew Hagger | February 6, 2018

06 Feb 2018 As forecasters warn that Britain is set to have the coldest week of the year as temperatures continue to plummet. Leading breakdown provider Green Flag predicts more than 114,000 breakdowns will occur on Britain’s roads this week, as the difficult weather conditions take hold. An abundance of ice and snow showers are […]

UK banks made nearly £10 billion from current account charges in 2017

Andrew Hagger | February 2, 2018

02 Feb 2018 Analysis of over 11,000 UK personal current accounts (PCA) has revealed that the average holder was charged £152 in bank fees last year which, if incurred by every one of the 65 million active current accounts in the UK, suggests banks made £9.9 billion from charges in 2017. The data, collated by Plum, the […]

Coconut launches smart business current account for freelancers and self-employed people

Andrew Hagger | January 31, 2018

31 Jan 2018 Coconut has today launched a new smart current account combining banking and accounting services, designed specifically for the UK’s ever-growing freelance and self-employed workforce. The app-based business current account will prepare customers for HMRC’s ‘Making Tax Digital’ which starts rolling out from April 2019. Coconut features automated tax management and expense tools, […]

We pay so you don’t have to: Co-op disrupts Travel Insurance market

Andrew Hagger | January 27, 2018

27 Jan 2018 Co-op Insurance has today entered the Travel Insurance market, seeking to disrupt the sector by offering a new product shaped by its members. The new travel insurance product offers cashless medical expenses, for all ages and medical conditions, meaning customers will not have to pay out themselves for any medical treatment – a first […]

Average car insurance bills soared 9.6% in the past year

Andrew Hagger | January 26, 2018

26 Jan 2018 Car insurance bills have increased by 9.6% in the past year, but the relentless rise has gone into reverse following a Government U-turn, new analysis from insurance research experts Consumer Intelligence shows. Its data reveals the average most competitive premiums rose by three times inflation – 3% ­to – £837 but overall prices […]

Less than one in five SMEs say their High Street bank understands their business challenges

Andrew Hagger | January 25, 2018

25 Jan 2018 Just 17% of UK SMEs feel their high street bank fully understands the specific challenges of their business, according to Close Brothers Group’s quarterly business barometer of 900 UK SMEs. Close Brothers research revealed that UK SMEs were concerned that their high street bank was not well enough equipped to offer bespoke […]

UK adults would rather save for a holiday than their future

Andrew Hagger | January 22, 2018

22 Jan 2018 Short term saving is dominating Brit’s savings habits, with two in five (35%) prioritising saving for a rainy day fund over any other financial milestone, according to the latest sentiment research from Foresters Friendly Society. The findings reveal that less than a third of consumers (29%) view saving to provide a retirement […]

Brits spend almost £900 to escape on holiday this winter

Andrew Hagger | January 16, 2018

16 Jan 2018 More than a third (37%) of Brits will go abroad to seek out the sun this winter, according to new research from Halifax, spending an average of £840 per person. 38% of Brits surveyed admit that the cold weather brings out a bad mood, with this figure rising to 42% for women, […]

26 million may be at risk from not checking their credit rating

Andrew Hagger | January 15, 2018

15 Jan 2018 Millions of people are risking their financial future by not checking their credit score, according to Amigo Loans. New research from the UK’s largest guarantor lender has revealed over half of Brits have never checked their credit file, meaning millions could be jeopardising their financial freedom. There are approximately 51.7 million adults […]