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Brits oblivious to euro crisis

| May 14, 2015

With over half of the UK population planning one or more European holidays this year, new research from pre-paid currency card company, Caxton FX, reveals that Brits are clueless when it comes to their knowledge of the current state of the Euro. Over half (52 per cent) did not feel that instability within Europe would […]

Pension reforms one month on – more online help for consumers

| May 8, 2015

At the beginning of April the media went into overdrive speculating what would happen when people were given greater access to their pension cash, but it seems that the scare stories of people splurging their pension pot on fast cars and expensive holidays were well wide of the mark. Having spoken to some of the […]

Halifax launches new simple, low rate credit card

| May 6, 2015

Halifax has just launched a new low rate credit card offering a single rate of 6.45% interest on purchases and balance transfers. According to personal finance experts this card just pips the long time best buy low rate card from MBNA at 6.6% APR. Other competitive cards in this space are Tesco Bank at 7.8% and Virgin […]

More than half of Brits aged 30 – 54 are yet to make a will

| April 29, 2015

Latest research from online will creation provider, Affio reveals that many people are reluctant to write a will, unaware of the various ways to do so, and also unsure how much it will cost. As a result the company feels this is why more than 13 million 30-54 year olds in the UK currently do not have […]

UK Parents labelled “Piggy Bank Raiders”

| April 28, 2015

A third of parents in Britain (32 per cent) are secret piggy bank raiders, taking money from their children’s savings accounts to pay for something for themselves, according to new research from Santander. An unexpected bill was the most common reason (44 per cent) for raiding their children’s savings, but many also took cash to […]

17% of existing annuity holders would consider ‘cashing in’

| April 24, 2015

With the recent Budget having announced plans to consult on allowing UK retirees who have already purchased an annuity to cash-in their policy, new research has revealed that a large proportion of existing annuity holders will consider selling their guaranteed incomes for a cash lump sum. The Tilney Bestinvest survey, carried out by YouGov amongst […]

Santander proves the most popular for bank switchers

| April 23, 2015

The number of current account customers who switched banks in the last 12 months has jumped by 7%,with Barclays experiencing the biggest net loss of customers. The latest figures from the Payments Council reveal that 1.14 million customers switched bank up to 31 March, compared to 1.06 million the previous year, taking advantage of new, faster switching rules. Between […]

Higher overdraft charges for some RBS and NatWest customers

| April 17, 2015

Many RBS and NatWest customers face paying higher agreed overdraft charges after being automatically switched to current accounts with higher overdraft interest rates. Approximately 140,000 customers with money in seven old accounts that the bank no longer offers will be moved to its standard Select account, which has an overdraft rate of 19.89% EAR. NatWest charges a £6 monthly fee […]

Barclays customers could earn £144 per year with new Blue Rewards

| April 16, 2015

Barclays is to launch a paid-for new rewards scheme on Monday 20 April, called Barclays Blue Rewards. For a fee of £3 a month, customers who sign up will get monthly fixed cash rewards up to £15 depending on which Barclays products they hold. Blue Rewards members will also be eligible for cashback of up to 6% […]

Savers expect £13,100 income from their pension pot

| April 14, 2015

Retirement savers are targeting an average annual income of £13,100 from their private pension funds despite currently having just £59,000 in their fund, research from specialist over-55s provider Key Retirement shows. Its study shows the average over-45 retirement saver could be left disappointed – someone expecting a £13,100 income from their private pension savings would […]