Personal Finance NewsFailing to read the small print on travel insurance policies could leave holidaymakers out of pocket and at risk. A study of over 700 travel insurance products by Comparethemarket found that restrictions and exclusions on many policies can leave customers unprotected if something goes wrong. Nearly half (45%) of products only offer cover for cancellation of […]
New research released by Zopa shows Brits are renovating their properties to create their dream home for the long-term, with over two thirds (67 per cent) of people undertaking renovations saying they plan to stay in their property for five years or more. Far from viewing their homes as just a financial investment, Brits are […]
Nearly four million energy consumers were overcharged a total of £270 million or £72 each due to billing mistakes by suppliers in the last year, according to new research from uSwitch. Over a third (36%) of those whose supplier had made a mistake said the wrong tariff or product details had been applied. Other blunders […]
Almost 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 […]