Personal Finance NewsWith the constantly rising costs of living, it is clear that many Brits are concerned about how they will ever be financially secure enough to retire. Peer-to-peer lending platform Lending Works surveyed over 1,500 non-retired adults in the UK , whose results you can see on their infographic, and made some concerning discoveries. There is clearly more of […]
New analysis from Santander UK reveals that 10.3 million Brits (20 per cent) have no savings, leaving them exposed to unexpected expenditure. Although the average Brit saves £150 per month, a collective £81.8 billion a year, almost a fifth (18 per cent) save £50 or less. The study, which investigates the savings habits of the nation, reveals […]
Research shows that 5.2 million UK pet owners did no research before buying their pet, leading many to underestimate the true cost of ownership. Satsuma’s survey, which covered 2000 respondents, found 40% were relying on borrowing or credit to cover unexpected expenses such as Vet bills. Keeping an animal can be an expensive exercise, with […]
Official crime data reveals that, on average, 1,220 mobile phones are stolen every day in the UK, but better security systems are having a huge impact on mobile phone theft with the numbers stolen at their lowest level for 10 years. Analysis of the latest crime data, commissioned by mobile insurer Protect Your Bubble, shows […]
There are 30 fixed dual fuel tariffs ending on March 31. Households could see their energy bills rise by more than a quarter (27%). Two of the ‘big six’ suppliers have deals ending that will result in price increases: EDF Energy and Npower. Families could be set for a shock a 30 fixed dual fuel […]
The British public wants banks to lend to organisations and projects that benefit society, but most people do not know what happens to their savings while they are deposited with their bank. This is one of the findings of a new piece of research conducted by Charity Bank, the ethical bank with a mission to […]
Despite the Government’s pension freedoms giving us more control over our money in retirement, new research shows that 40% of people over 40 have no idea of the cost of even a basic lifestyle in retirement, suggesting that more needs to be done to show people how much they need to save in order to […]
The Ministry of Justice has decided to reduce the discount rate used in calculations for compensation payments for those who suffer long-term injuries, and the net result could well be higher insurance premiums for drivers. Matt Oliver from Gocompare.com Car Insurance, commented: “First IPT increases and now this! Drivers are being hit with news about […]
STEP has condemned the sharp increase in probate fees due to come in this May as a new tax on bereaved families. The new fees will now be pro-rata, and apply to all estates worth GBP50,000 and over. An estate of GBP300,000-GBP500,000 will now pay GBP1000, and estates of GBP2m or more will pay as […]