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Record growth for peer-to-peer lending in 2015

Andrew Hagger | February 1, 2016

The peer-to-peer lending industry lent more than £2.2 billion in 2015 according to new figures released today from the Peer-to-Peer Finance Association (P2PFA). The sector has now lent £4.4 billion in total, doubling in size since the end of 2014. In the final quarter of 2015, P2PFA members provided just under £650 million in new […]

The best payment cards to pack for your skiing holiday

Andrew Hagger | January 26, 2016

With thousands of winter holidaymakers heading off to ski slopes in the coming weeks here’s a timely reminder of the charges you could face when using your plastic abroad. Debit and credit cards offer a cheap and convenient way to pay in the UK, but the fees and charges can be expensive when used overseas, […]

Financial troubles cause stress for over 40% of the UK

Andrew Hagger | January 26, 2016

Research from Equifax reveals that 42% of people in the UK have experienced stress or anxiety due to financial difficulties and the majority of consumers (58%) are unaware that financial organisations and utility providers have a responsibility to help consumers if they encounter financial difficulty. The online survey, conducted by YouGov, highlights that when faced […]

Households underestimate annual bills by £39 billion

Andrew Hagger | January 26, 2016

As many British households feel the squeeze ahead of the January pay day and look to review their finances for the year ahead, new research from Santander Current Accounts1 reveals bill payers underestimated their main expenses – council tax, utilities and TV, phone and broadband – by an average of £1,459 last year. That’s equivalent […]

Cash incentives galore as banks fight for new current account customers

Andrew Hagger | January 19, 2016

We may only be a couple of weeks into the New Year, but it’s clear that the desire from the banks to win a bigger share of the current account market is stronger than ever. Whilst Santander increased the monthly fee on its 123 account from £2 to £5 last Monday, its rivals have been […]

Eight weeks remaining for card security product holders to claim compensation

Andrew Hagger | January 18, 2016

People who bought certain card security products have eight weeks left to make a claim under a compensation scheme set up with the agreement of the Financial Conduct Authority. Anyone who received an AI Scheme Limited compensation claim pack in the post in August or September last year and who wishes to claim compensation must return […]

More than four in five Brits planning winter getaway

Andrew Hagger | January 18, 2016

More than four in every five people in the UK are looking to get away this winter and leave behind the wettest December on record, according to a new study by credit card company MBNA. With December 2015 being hailed as Britain’s wettest month in more than a century 83 per cent of people surveyed by […]

Cash incentives galore as banks fight for our current account custom

Andrew Hagger | January 13, 2016

We may only be a couple of weeks into the New Year, but it’s clear that the desire from the banks to win a bigger share of the current account market is stronger than ever. Whilst Santander increased the monthly fee on its 123 account from £2 to £5 last Monday, its rivals have been […]

40% of car and home insurance customers have suffered claims issues

Andrew Hagger | January 13, 2016

More than two out of five motor and home insurance customers have suffered delays and problems when making claims, new research from insurance experts Consumer Intelligence shows. Its study found nearly one in five suffered delays in processing claims while one in seven had to go back with extra information after making a claim. However the […]

Expected retirement incomes rise for third year in a row

Andrew Hagger | January 13, 2016

People planning to retire in the coming 12 months expect to receive an annual income of £17,700 – the third annual increase in a row – according to the latest research by Prudential. Each year Prudential conducts unique research into the financial plans and aspirations of people planning to retire in the year ahead. This […]