Personal Finance NewsAs the summer holiday season heats up, new research from Sainsbury’s Bank Travel Money (www.sainsburysbank.co.uk/travel/money) reveals people plan to take around £836 million more in spending money – or £34 per holidaymaker – than this time last year. The reason for this is to offset the fall in Sterling’s value against popular holiday currencies. The pound is […]
M&S Bank is urging holidaymakers to check their car insurance policy before hitting the roads this summer as research reveals that nearly a quarter (23 per cent) of those planning to drive their car in mainland Europe believe they either aren’t, or don’t know if they are, insured to drive in the EU. When it […]
The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit and Bacs Direct Credit in the UK. That’s in spite of a dramatic drop in the overall late payment debt, with new figures showing that UK small […]
As Brits count down the days until their summer holiday begins, a new study by American Express has revealed that holidaymakers are likely to spend an average of £273 before they have even left their front door, stocking up on holiday items ranging from goggles and gadgets to games. As a nation, Britons take an average […]
Lloyds Banking Group has announced that it is revamping the overdraft charges for customers of Halifax, Bank of Scotland and Lloyds Bank with effect from November this year. The banking giant has decided to ditch the £6 monthly overdraft charge for Lloyds Bank and Bank of Scotland customers and will no longer charge unauthorised overdraft […]
Four out of 10 UK holidaymakers have lost, or had stolen, an item of value while on holiday, a study from Aviva insurance reveals. A survey of 2,000 UK adults who have taken a break in the last two years found that 18% had lost an important personal possession while on holiday, while 17% had […]
Nearly one in six adults rely on their plastic for financial survival as debt worries grow, new research from financial services insight specialist Consumer Intelligence shows. Its study found that 80% of the population has a credit card. Of those, 19% of credit card customers admit they cannot get through a month without their cards with […]
Seven in ten energy customers in Britain (17 million) are languishing on expensive deals known as standard variable tariffs (SVTs), potentially throwing away nearly £300 each but half of all customers don’t think they’re on one. The new research from uSwitch.com, the price comparison and switching service, demonstrates a distinct lack of awareness amongst consumers, with over […]
British motorists who drive their cars abroad are being urged take care, as Admiral reveals the number of overseas insurance claims it has dealt with has risen 160% in the last five years. With millions of Brits taking their car abroad each year, the car insurance specialist has identified the most common destinations for accidents as part […]