Personal Finance NewsNew research from Churchill Car Insurance exposes the ‘Jekyll and Hyde’ personality of UK motorists. More than 57 per cent of drivers admit they behave differently when behind the wheel, acting more aggressively than they would normally. Churchill compared displays of aggression on the road with those in person and found that while 31 per […]
Research carried out by Skipton Building Society has revealed that many savers are missing out due to not understanding the rules and financial jargon that are associated with the new PSA and existing types of savings accounts. Of the 2,000 people surveyed, almost half (47%) said they are confused by the rules associated with ISA […]
Research released today by HSBC indicates the UK public may be missing out on financial reward by not seeking professional advice. Of the investments made to-date in 2016, two thirds were arranged without any financial consultation (68%). Over half of respondents planning to make an investment during the remainder of the year are unlikely to […]
The Personal Savings Allowance (PSA) comes into force from the start of the 2016/17 tax year and will reduce the amount of tax paid on savings interest for most people. It is a radical new government scheme designed to encourage people to save more, it is conscious that it needs to incentivise savers at a […]
Saving for retirement to ensure a decent standard of living in later life should be one of the most important financial decisions we adopt from a relatively early age, but people are being put off because pensions have become too confusing. While rock bottom interest rates hasn’t helped our attitude towards savings, the constant meddling […]
Thousands of low-income households across England and Wales are being urged by the Consumer Council for Water (CCWater) not to miss out on a raft of schemes which could stop water bills from draining their finances. Eighteen out of 21 water companies will have social tariffs in place from April 1, with the potential over […]
Figures from Bacs reveal that more than a quarter of a million people moved banks in the last 3 months of 2015. This means that 2.5 million customers have now used the official Current Account Switching Service to transfer to a new provider. Santander, Halifax and Nationwide Building Society are still winning the biggest share […]
New research reveals that 9 out of 10 people don’t know their own credit score and of those that do, the average score is “poor” sitting at 567. The study by Amigo loans, which surveyed 2,000 UK adults, paints a gloomy picture of the UK’s credit landscape and shows those aged under 24 are the […]
Banking jargon continues to confuse savers and many are failing to understand common phrases, according to new research released by Aldermore today. Aldermore asked savers to correctly identify the meaning of everyday savings acronyms. Almost six in ten (59%) failed to identify AER as Annual Equivalent Rate, while only half (54%) correctly identified the ISA […]