Personal Finance News

29 Jul

Four in ten parents of under-18s have no life insurance

Research  from Sainsbury’s Bank Life Insurance reveals that four in ten parents with children under the age of 18 do not have any life insurance in place. Around two thirds of these parents do not have any critical illness protection. The findings highlight the life insurance gap for families who may be unable to cope […]

28 Jul

Nearly one in three will be in the red in retirement

Nearly a third of over-55s expect to be in debt in retirement or are unsure whether they will have paid off all their financial commitments, new research by equity release lender more 2 life shows. Around 60% of those surveyed had applied for some form of credit within the last two years, including 58% of […]

23 Jul

Unique ‘Cash Kitty’ App launched by Santander

The days of the best man chasing the groom’s mates to get their contribution to a weekend of revelry, a tatty envelope going round the office collecting cash for a colleague’s birthday gift, or a jam jar stuffed with cash in a shared house could well be a thing of the past with the launch […]

4 Jun

Travel currency promise from Sainsbury’s Bank

Research out this week reveals that UK citizens took almost 39 million holiday trips abroad in 2014 and spent £24.4 billion whilst there.  Sainsbury’ Bank Travel Money predicts another busy June, as last June was the fourth busiest month for the supermarket bank’s travel money sales. The amount of travel money bought from Sainsbury’s in June 2014 […]

3 Jun

Boots launches new travel insurance products

High street retail giant Boots has launched its new travel insurance range, designed to make sure that all members of the family can enjoy the health benefits of a holiday. The new product range is now wider and more comprehensive with five levels of coverage, which means customers have a greater choice of insurance options […]

2 Jun

Motorists warned about uninsured vehicle modifications

GoCompare is warning drivers not to inadvertently invalidate their car insurance by not advising their insurer of any modifications they make to their vehicle.  Modifications include performance or aesthetic changes to the bodywork, engine, wheels – even fitting a roof rack or tow bar. The warning comes after an insurance company threatened to void a […]

29 May

Premium Bonds maximum investment increased to £50,000

Customers will be able to invest a further £10,000 in Premium Bonds from Monday 1 June 2015 after the maximum holding limit was increased from £40,000 to £50,000. The change follows the Chancellor’s announcement in the 2014 Budget that NS&I would help support savers by increasing the Premium Bonds investment limit. It comes 12 months […]

28 May

Holidaymakers urged to check their car insurance before driving abroad this summer

M&S Bank is urging British motorists to check their car insurance policy before hitting the roads this summer after research revealed that nearly  one  in  ten (nine per cent) are planning to drive their car in the European Union (EU) over the next 12 months. The M&S Bank research  revealed that of those that are planning to drive their car […]

28 May

Fuel poverty leaves millions of homes cut-off from basic energy supply

Millions of people are regularly being cut-off from their basic gas and electricity supplies because they can’t afford to top-up pre-paid meters, according to research* from the debt advisory centre. A quarter of people questioned were reliant on pre-pay meters in their homes because they have experienced problems paying their bills or need help to manage […]