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FCA cracks down on rent to own sector

| March 5, 2019

05 Mar 2019 The FCA today announced a number of measures to stop vulnerable people paying way over the odds for rent to own purchases. In future retailers won’t be able to charge more than 100% of the price of goods – a big improvement as in some cases people are paying up to 4 […]

More than six million adults refuse to discuss their will with loved ones

| February 28, 2019

28 Feb 2019 Ahead of Free Wills Month in March, research from Royal London reveals a quarter (26%) of people with a will do not discuss it as they do not want to think about dying. The research also found that one in four (27%) do not want to upset beneficiaries by discussing the contents of their […]

More homeowners choosing to improve rather than move

| February 26, 2019

26 Feb 2019 An increasing number of people are choosing to borrow more money through their mortgage to improve their home rather than move home, according to new data released by Yorkshire Building Society. Figures from the Yorkshire show there was a 12% increase in the number of homeowners choosing additional borrowing last year compared to […]

Nearly half of young adults living at home keep quiet about their savings and debts

| February 26, 2019

21 Feb 2019 With the number of adult children sharing the family home with parents at an all-time high, new research from Charter Savings Bank1 shows they are not always quite so good about sharing details on their finances. The nationwide study found nearly 69% of parents are open about their finances with their adult children […]

Minimum credit card repayments costs borrowers thousands in interest and takes nearly 20 years to clear

| February 17, 2019

17 Feb 2019 Alastair Douglas, CEO of credit experts TotallyMoney, comments on the high cost of solely making minimum credit card repayments, urging borrowers to adopt a simple fixed-payment strategy that could save them thousands. “Paying a bit less each month on your card balance may seem like a great gesture from your credit card company […]

RateSetter ISA enjoys fantastic first year

| February 13, 2019

12 Feb 2019 Peer-to-peer lending platform RateSetter’s ISA has exceeded expectations in its first year, having attracted £175m of subscriptions, and currently accounts for one-fifth of the platform’s £830m funds under management. Almost one-quarter of RateSetter investors have opened an ISA with 16,500 people currently enjoying their returns tax-free within the ISA wrapper. In contrast […]

1.4 million holidaymakers forget passports

| February 12, 2019

11 Feb 2019 British holidaymakers are routinely turning up at airports without their passports causing holiday headaches before they have even seen an inflight menu. A new study from Sainsbury’s Bank Travel Insurance reveals that 1.4 million holidaymakers have forgotten their crucial travel documents before leaving the UK. In fact Britons admit they are more […]

5 ways to keep on budget this Valentine’s Day

| February 8, 2019

08 Feb 2019 While Valentine’s Day is a day full of romance and encourages us to do something special with our loved ones, it’s important we don’t blow our budgets on one day and remember the real reason for the celebration.  It’s very easy to overspend, but  being smart about the impact this has on […]

One in four are borrowing cash from their family

| February 7, 2019

07 Feb 2019 As everyone feels the January pinch on finances, new research from Charter Savings Bank1 reveals many will be relying on family and friends to tide them over. Its nationwide study found that one in four (25%) adults have borrowed from their loved ones in the past year. The handouts from family and friends […]

Consumers paying out £3.7bn for life insurance before policies are cancelled by providers

| February 5, 2019

04 Feb 2019 The ‘squeezed middle’ are spending £3.7bn on life insurance before having their policies cancelled by providers because they have fallen into financial difficulties, according to research by Co-op Insurance. According to the findings, the average 30-60 year old in the UK had paid out £2,050 before their insurance was cancelled after holding […]