Personal Finance News

15 Aug

97% of car insurance products charging at least one extra fee

Data from 321 insurance products shows that millions of people in the UK could be paying extra fees for their car insurance. NFU Mutual, which does not charge any extra fees, analysed data from Defaqto and found that only 9 of 321 products – just 3% – do not charge any extra fees to customers. […]

15 Aug

One in three students targeted by fraudsters

NatWest’s 2023 Student Living Index reveals fraud is a major issue for students. A third of students have been targeted by criminals in the last year. Delivery scams are the most common kind of fraud that students have encountered over the past year, with 14% having experienced this scam according to NatWest’s annual survey of […]

15 Aug

Almost 10 million adults lack confidence to make financial decisions

A new YouGov survey commissioned by TotallyMoney investigated consumer credit confidence and found: 9.8 million adults (19%) are not confident in making financial decisions Almost a third (29%) would find it difficult to cover an unexpected £100 expense Two in five (41%) don’t understand how credit companies make lending decisions Just one in five (19%) believe […]

7 Aug

How to Reduce the Risk of a Dispute in Property Investment

Property investments can incur a lot of disputes if you’re not careful. Here’s our top tips on how to avoid them. Investing in property can be a lucrative strategy. However, it can also involve a lot of risk-taking and parties can sometimes find themselves in conflict over property disputes as a result. Those involved with […]

2 Aug

Sterling Gains On Eight Top Currency Destinations Says M&S Travel Money

Insight from M&S Travel Money reveals that the value of the pound has increased against eight of the top ten currency destinations over the last 12 months, with sterling gaining as much as 66 per cent on the Turkish lira – M&S Travel Money’s third most popular currency destination of 2023. As holidaymakers continue to […]

1 Aug

August’s Premium Bonds millionaires come from Hereford & Worcester and Essex

This month’s Premium Bonds jackpot winners come from Hereford & Worcester and Essex. The August draw saw the prize fund rate increase to 4%, and the odds improve from 24,000 to 1 to 22,000 to 1, meaning that each £1 Bond now has its best chance of winning a prize in almost 15 years. This […]

27 Jul

Premium Bond savers 9% more likely to win a prize following August changes

A saver with £1,000 in Premium Bonds still likely to win nothing But someone with average luck and £50,000 in savings now stands to return 3.45% over a year in August compared to 3.2% in July This would work out as an extra £125 through the year in prize winnings Analysis by actuarial consultancy OAC […]

20 Jul

More than a quarter have not yet booked a summer holiday

More than a quarter (29%) of people have not yet booked a summer holiday, but more than three quarters of them are still planning to go away, according to a new survey* by travel insurance provider, Multitrip.com. Almost half (48%) are hoping to travel to Europe, more than a quarter (26%) worldwide, 7% UK, and […]

11 Jul

Hire car drivers warned to check they have enough credit on their credit card

Over half (55%) of hire car drivers pay for their holiday using a credit card, and a third (32%) use their usual credit card for purchasing things whilst abroad, according to a new survey of over 1,000 hire car drivers, carried out by Opinium on behalf of iCarhireinsurance.com, a leading supplier of car hire excess […]