Personal Finance News

22 Apr

More than 90 per cent of drivers believe the Chancellor’s fuel duty cut has had no impact on their fuel bill

New research published by used car buying service, ChooseMyCar.com, has revealed that over 90 per cent of drivers believe the Chancellor’s reduction on fuel duty has had zero impact on their fuel bill. Spiralling fuel costs led Chancellor Rishi Sunak to cut the fuel duty by 5p a litre in a move that was widely […]

12 Apr

1 in 10 Brits deterred from applying for a mortgage due to a poor credit score

Poor credit scores have deterred one in 10 Britons from applying for a mortgage, according to new research by The Mortgage Lender (TML). The research also suggested evidence of a limited understanding of credit scores among the population. Nearly two-thirds (62%) of the 2,000 UK adults surveyed for the research said they did not know […]

11 Apr

6 out of 10 British people do not take financial advice before retiring

According to new researchfrom wealth manager, Brewin Dolphin, 60% of British retirees have started accessing their pension pot without taking any advice from a financial adviser prior to retiring. Additionally, 78% of British people who have retired do not receive ongoing advice on how they can fully use their pension pot as they spend or […]

4 Apr

Free and cut-price things to do over the Easter holidays

Which? is advising families facing cost of living pressures on how they can save money over the Easter holidays with these handy hacks for free, or cut-price, activities.   Enjoy a meal out with ‘kids eat free’ offers When dining out as a family, it is worth checking if nearby restaurants offer discounts for children. […]

23 Mar

10 million UK adults struggle to make ends meet

Brits are battling rising household bills, food costs and energy prices as the economy grapples with extensive inflation. Chancellor Rishi Sunak is set to take centre stage, delivering his Spring Statement this afternoon, as the public seeks more immediate solutions to the cost-of-living crisis at hand. While we anticipate what’s to come, research commissioned by […]

16 Mar

Common hire car pitfalls and how to avoid them

iCarhireinsurance.com, a leading supplier of car hire excess insurance, has compiled an essential checklist to ensure holidaymakers get the best deal on their hire car in 2022 and avoid car hire pitfalls. Shop around and consider booking early – There is a global hire car shortage this year, and increased demand as people return to travel, so […]

10 Mar

Brits are missing out on £2 billion pounds of interest ahead of the new tax year

It’s one month to go before the end of financial year, the traditional time for savers to make the most of their current tax-free allowance and start thinking about their ISA (Individual Savings Account) plans for the year ahead. Brits have continued to build on their savings pots with the nation stashing away £7.7billion in […]

2 Mar

TotallyMoney launches new Cashplus credit card for UK’s 3.2 million sole-traders

TotallyMoney and Cashplus today announced the launch of a new credit card to market, in a bid to help close the £6bn SME lending gap where 65% of new businesses are refused credit. Enabled by an API integration between the two parties, the product features guaranteed rates, guaranteed limits, and eligibility checking. This means applicants […]

28 Feb

Cost of living squeeze hitting savings goals

The increased cost of living is the main barrier for adults maintaining a savings goal, with those in the ‘squeezed middle’ age bracket hit the hardest, Paragon Bank research has found. Paragon’s survey of 2,000 adults revealed three in five (62%) admit to struggling to maintain savings commitments, with 33% highlighting the increased cost of […]