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One in five pensioners fear spending their savings too fast

Andrew Hagger | June 24, 2015

More than one in five pensioners are concerned they will run out of money in retirement as they spend their savings to maintain a comfortable lifestyle, according to new research from MetLife. The Cost of Retirement index, which looks at the finances of the UK’s 10 million-plus retired people, reveals the average pensioner household income […]

Three in five parents pay for children’s motoring

Andrew Hagger | June 19, 2015

Almost three in five British parents with children aged 17-25 contribute financially to their child’s motoring costs, according to research revealed today by automotive servicing company Kwik Fit.  The average contribution towards these motoring costs is £381 per year, resulting in a total annual cost to the nation’s parents of £2bn. One in five parents […]

Pensioner property worth a combined £874 billion

Andrew Hagger | June 17, 2015

Retired homeowners have seen their property wealth grow by more than £12.5 billion in the past three months as house prices continue to climb earning the average pensioner nearly £900 a month, a new report from  over-55s financial specialist Key Retirement shows. Pensioners who own their homes outright have gained an average of £2,680 each from […]

Tourists waste almost £300 million in hidden card charges abroad

Andrew Hagger | June 10, 2015

New research from Caxton FX, reveals that consumers are still getting caught out by Dynamic Currency Conversion (DCC), costing British holidaymakers up to an estimated £292 million in debit/credit card charges abroad. DCC occurs whenever someone who is travelling abroad opts to pay for goods, or withdraw cash from an ATM in pounds, rather than the […]

Don’t forget the cheaper payday loan alternatives

Andrew Hagger | June 10, 2015

Payday loan providers are finding life tough amid tighter regulation and a cap on charges with major player Wonga recently reporting a £37.3 million loss and warning of an even bleaker picture for the year ahead. Consumers shouldn’t fear the demise of the payday loans industry as there are far cheaper ways to borrow money, […]

Bad credit freezes millions of Brits from everyday life

Andrew Hagger | June 10, 2015

About six million Britons are being excluded from everyday life because of their credit histories, according to research* conducted on behalf of the Debt Advisory Centre. People with poor credit scores are struggling to secure a home, open a bank account, get car insurance or a mobile phone contract, the research revealed. Some 2.7 million people […]

Travel currency promise from Sainsbury’s Bank

Andrew Hagger | June 4, 2015

Research out this week reveals that UK citizens took almost 39 million holiday trips abroad in 2014 and spent £24.4 billion whilst there.  Sainsbury’ Bank Travel Money predicts another busy June, as last June was the fourth busiest month for the supermarket bank’s travel money sales. The amount of travel money bought from Sainsbury’s in June 2014 […]

Boots launches new travel insurance products

Andrew Hagger | June 3, 2015

High street retail giant Boots has launched its new travel insurance range, designed to make sure that all members of the family can enjoy the health benefits of a holiday. The new product range is now wider and more comprehensive with five levels of coverage, which means customers have a greater choice of insurance options […]

Motorists warned about uninsured vehicle modifications

Andrew Hagger | June 2, 2015

GoCompare is warning drivers not to inadvertently invalidate their car insurance by not advising their insurer of any modifications they make to their vehicle.  Modifications include performance or aesthetic changes to the bodywork, engine, wheels – even fitting a roof rack or tow bar. The warning comes after an insurance company threatened to void a […]

Premium Bonds maximum investment increased to £50,000

Andrew Hagger | May 29, 2015

Customers will be able to invest a further £10,000 in Premium Bonds from Monday 1 June 2015 after the maximum holding limit was increased from £40,000 to £50,000. The change follows the Chancellor’s announcement in the 2014 Budget that NS&I would help support savers by increasing the Premium Bonds investment limit. It comes 12 months […]