Personal Finance NewsCustomers looking to switch their current account to Clydesdale and Yorkshire Banks have until 30th November 2015 to benefit from a £150 switching offer. Following the success of the initiative, the Banks have announced that customers have until the end of November to benefit from the offer when they complete a full current account switch […]
Regular household bills are rising relentlessly despite inflation remaining flat, according to figures from Bacs Payment Schemes , the people behind Direct Debit in the UK. A “basket” of the most common household bills paid by Direct Debit – including energy, water, mortgages and rent, council tax, broadband and phone, TV licensing, and household insurances […]
As competition within the retail banking sector increases with the growth of challenger banks, Equifax research reveals that receiving the best rates is by far the biggest incentive for consumers looking to switch banks. In an online survey conducted by YouGov, 42% of people cited better deals and rates as a reason they would switch […]
A new report from The Co-operative Insurance claims that around one hundred thousand parents are currently ‘fronting’ motor insurance for their children One in ten of parents of young drivers in the UK currently aged 17-25 have admitted to fronting their son’s and daughter’s motor insurance policy at some point, for an average time of two years. […]
There have been increasing rumblings that we may see interest rates rise before the year is out whilst others are pointing to early 2016, either way it’ll be the first upward move in interest rates since July 2007. The increases are likely to be in small steps of 0.25% every few months but whether you […]
Reviewing and planning your financial future with a financial adviser is time well spent if you’re looking to get the most out of your money and to be able to look forward to a comfortable retirement. For many people the biggest obstacle is a lack of time during the working day, so heading into town […]
It’s been well documented that households with a poor credit rating can pay hundreds of pounds more per year for finance and utilities payments than consumers with healthy credit scores. Specialist credit card provider Aqua showed last year that families with a lower credit score typically can only access a month by month broadband contract […]
More than eight in ten people (83 per cent) are unaware that the protection provided for savings by the Financial Services Compensation Scheme (FSCS) will fall by £10,000 to £75,000 on 1 January 2016, according to research from peer-to-peer lender RateSetter. The FSCS, launched in 2011, guarantees the safety of savings kept in banks and […]
Pensioners in the UK pay a total of more than £17.5 billion in income tax every year, according to new analysis by Prudential. The insurer’s analysis of the most recently available ONS data on income and tax shows that in the 2012-13 tax year, over-65s paid an average of £3,258 each in tax. Collectively this […]