Personal Finance NewsAlmost two thirds (62%) of the over 50s say they would be unlikely to take advantage of the suggestion from a recent government proposal to allow people to use their pension savings to pay for advice, according to new research from Retirement Advantage1. The research also finds that people who are not planning to use […]
Brits’ budgets continue to feel the squeeze, with regular household bills having increased by 20 per cent since 2007, according to the Bacs Bill Tracker. The Tracker, created by Bacs Payment Schemes Limited (Bacs), the people behind Direct Debit in the UK, shows that by the end of Q1 2016 the average amount paid out […]
Half of the UK’s drivers believe that motor insurance is too confusing, with the overwhelming majority (86%)* believing that it needs to be easier to understand. Research from the Co-op Insurance has found that over half (51%) don’t understand how their premium is calculated, two fifths are unclear why their premium price may fluctuate year […]
iCarhireinsurance.com, the leading provider of standalone excess insurance, this week launched its ‘Car Hire Hit List’, featuring ten top tips to save drivers up to £760* on a week’s hire. The hit list is based on the hire of a compact family car for a week. Book early – iCarhireinsurance.com research found that in 2015 holidaymakers saved on average […]
Thousands of people in the UK are in the dark about when they’ll be credit checked for life events and financial products, according to a study from Amigo. The research revealed being credit checked for a job (80 per cent), monthly insurance instalments (63 per cent) and renting a flat are among the top things consumers […]
Aviva has revealed it paid out over £19.2 million last year to UK holidaymakers whose holidays had to be cancelled before they started. Despite the number of holiday cancellations, just a quarter of would-be holidaymakers take out insurance at the same time as booking their trip. A third (32%), buy it the month before their trip and […]
Credit card experts MBNA have announced that Android Pay, by Google, is now available to their customers as the app goes live in the UK today. Android Pay will enable Android™ mobile users to seamlessly tap and pay with their phones at almost 460,000 contactless payment points in the UK, with more locations being added […]
More than 5 million people in Britain have no idea how much their mortgage is costing them, according to research released today by habito, the world’s only digital mortgage broker. With 7.6 million active mortgages in Britain, the study found one-third (33%) of UK mortgage holders don’t know what interest rate they are paying – […]
While traditionally slower to adopt new technology than younger generations, when it comes to contactless, the UK’s over 60s are well and truly bucking the trend. Data released by Barclaycard today shows that the number of ‘silver spenders’ using ‘touch and go’ payments increased by 116 per cent in the last 12 months. The figures […]