Personal Finance News

26 May

UK rental costs hit new high

Private rents across England and Wales have reached a record high average of £774 a month with costs currently rising at between 5% to 8% per year. The cost of monthly rental payments were up 4.6% in April compared to the same time last year – the fastest annual increase since November 2010 – while they […]

26 May

Failure to leave a will can lead to family feuds

An estimated 1 million Brits have had a serious family argument after a loved-one has passed away with no will in place, according to new research by Macmillan Cancer Support. Of those that said that they’d had a family feud over a will, nearly a fifth said that it had gone on to break up […]

22 May

More than one in seven set to retire in 2015 with no pension

More than one in seven people planning to retire this year have no pension savings, and will either be totally or heavily dependent on the State Pension as their only source of regular retirement income, according to research by Prudential. In its study tracking the future plans of people who plan to retire this year, the insurer […]

14 May

Public backs lower drink drive limits for young drivers

New research from Direct Line Car Insurance reveals 50 per cent of UK adults are in favour of a ‘tiered’ drink driving system, which imposes lower limits for young and novice drivers. The UK’s ‘universal’ approach to drink driving limits contrasts markedly with many other leading European nations including Germany, Spain, Italy and the Netherlands, […]

14 May

Four out of ten people have extended their home in the last two years

Extending living space has become increasingly attractive to Britain’s homeowners over the past couple of years.  New findings from Sainsbury’s Home Insurance indicates extensions to the rear and side of properties have been the most popular kind of residential extension over the past 24 months, with almost a third (31%) people who have extended their […]

14 May

Brits oblivious to euro crisis

With over half of the UK population planning one or more European holidays this year, new research from pre-paid currency card company, Caxton FX, reveals that Brits are clueless when it comes to their knowledge of the current state of the Euro. Over half (52 per cent) did not feel that instability within Europe would […]

8 May

Pension reforms one month on – more online help for consumers

At the beginning of April the media went into overdrive speculating what would happen when people were given greater access to their pension cash, but it seems that the scare stories of people splurging their pension pot on fast cars and expensive holidays were well wide of the mark. Having spoken to some of the […]

6 May

Halifax launches new simple, low rate credit card

Halifax has just launched a new low rate credit card offering a single rate of 6.45% interest on purchases and balance transfers. According to personal finance experts this card just pips the long time best buy low rate card from MBNA at 6.6% APR. Other competitive cards in this space are Tesco Bank at 7.8% and Virgin […]

29 Apr

More than half of Brits aged 30 – 54 are yet to make a will

Latest research from online will creation provider, Affio reveals that many people are reluctant to write a will, unaware of the various ways to do so, and also unsure how much it will cost. As a result the company feels this is why more than 13 million 30-54 year olds in the UK currently do not have […]