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Two thirds of young people now use a mobile wallet

Andrew Hagger | February 7, 2017

Two thirds (64%) of 18-25 year olds in the UK now use a mobile wallet, according to research released today by social money transfer app Moneymailme. The research reveals that 48% of 18-25 year olds believe that physical money will be obsolete within 20 years, while more than a third (38%) say that we will […]

Over 50s back pensions as top savings vehicle

Andrew Hagger | February 7, 2017

The over 50s believe that pensions are the best way to save for a comfortable income in retirement, and have more confidence in pensions to provide security and good returns over other products, according to research from Retirement Advantage and YouGov. Well over half (61%) of over 50s surveyed (who have a pension) say they […]

1 in 5 self-employed households struggling with stress and financial worries

Andrew Hagger | January 31, 2017

The financial stresses and pressures of self-employment are taking their toll on family life, according to the latest report from Scottish Widows’ think tank, the Centre for the Modern Family. Findings of ‘Self-employment and the Family’ show that one in five relatives of a self-employed worker (20%) report increased stress levels in their household due […]

Fear of broadband blackouts means internet-reliant Brits miss out on £327 million in savings a year

Andrew Hagger | January 31, 2017

More than a third (35%) of UK broadband users who’ve experienced a period of internet access when they tried moving providers in the past say the thought of being without internet has put them off doing it again, according to new research by uSwitch. Yet those consumers are missing out on collective savings of £327 […]

Coventry Building Society is first provider to compare savings accounts on its own website

Andrew Hagger | January 31, 2017

Coventry Building Society is giving customers the ability to compare its savings accounts with competitor products on its own website – the only major UK savings provider to do so. Customers can compare similar products across the whole of the market – on areas including the interest rate, the amount they can save and how […]

90% of UK consumers have not heard of Open Banking

Andrew Hagger | January 26, 2017

Research from Equifax, the consumer and business insights expert, reveals that 90% of Brits have not heard of the Open Banking initiative, with 45% of respondents then going on to say that they are not likely to use Open Banking when it becomes available. When asked about sharing personal data through Open Banking, 60% said […]

Over 3.5 million people have switched banks since launch of Current Account Switch Service

Andrew Hagger | January 26, 2017

The latest figures for the Current Account Switch Service published this week show that over 3.5m (3,520,190) successful switches have taken place since the service launched in 2013. During the last 12 months (1 January 2016 to 31 December 2016), a total of 1.01 million switches were completed, with 208,387 switches recorded in the last quarter […]

Brits have started the new year with an average debt of £636

Andrew Hagger | January 26, 2017

New research by Onbuy.com/gb has analysed data conducted by AXA Insurance to establish which cities are most at risk of debt in 2017 – with Brighton,Cardiff and Newcastle struggling the most. Onbuy.com/gb looked to assess and evaluate how long cities will take to repay their debts – with Belfast taking the longest at 6.5 weeks […]

Five tips to help combat the stress of finances

Andrew Hagger | January 16, 2017

By Emma Huntington, Managing Director of Zurich FutureYou Keep on track by getting organised With so many bills to pay each month, it can be stressful keeping up with how much is coming in and out of your account. You can keep up-to-date by creating a spreadsheet. Having a document that lists everything in one […]

One in four card payments now contactless

Andrew Hagger | January 16, 2017

A quarter of all card transactions are now made via contactless, new figures from The UK Cards Association show. 325 million purchases were made using contactless debit and credit cards in November 2016, accounting for 25 per cent of all card payments in the month. The rise in contactless payments led to a record £2.9 […]