Personal Finance NewsMore than a quarter (28%) of all British adults believe they may have lost track of one of their pensions or let it become dormant, according to a new study by Gretel, the free online service which helps people track down lost bank accounts, investments, life insurance and pensions. Changing jobs is a common way […]
Online car finance purchases are expected to rise by 33%, accounting for more than half (56%) of transactions for the first time ever. The move away from the traditional dealership model comes as Brits become more open to shopping around for their own finance deals, with 60% saying searching online for car finance is their […]
Aldermore bank has today increased the rates on a range of its fixed rate business savings products. The following business savings rates will be available immediately: 6 Month Fixed Rate – increase from 0.55% to 0.75% 1 Year Fixed Rate – increase from 0.75% to 1.00% Ewan Edwards, director of savings, Aldermore comments: “We’re committed to offering competitive […]
Finance experts TotallyMoney have warned that consumers could be unwittingly losing hundreds of pounds by using certain financial products against their advantage. Research reveals: A massive 20% drop in income and 10 million people on the furlough scheme during coronavirus has seen many turn to credit to get by.│ However, TotallyMoney has warned that with interest-free overdrafts […]
NS&I has this week announced that, starting from the December 2020 prize draw, it will start to move customers to having Premium Bonds prizes paid directly into their bank accounts – a quicker, easier and more secure way for customers to receive prizes. The issuing of paper warrants (like a cheque) for the payment of […]
Fears and concerns around financial scams has increased over the past three months as over a third (36%) of UK adults say they their worry levels have increased – this compares to 26% when Canada Life, the financial services firm, last ran the data in May. The data reveals the situation is getting worse as […]
The latest data from Admiral home insurance reveals the average value of a contents claim for university students is more than £700, with the most common items claimed for being laptops and phones, as well as personal valuables such as bikes, Jewellery and games consoles. With students heading off to university over the next few weeks, the insurer is […]
Research from Hodge has revealed that those under the age of 35 are the least likely to seek professional financial advice, with just 20% saying that they have previously sought advice from an IFA. According to the research – which asked over 3000 people about their attitudes to finances – family and friends are the biggest source […]
The economic impact of the coronavirus crisis has been far reaching with millions of people unable to work due to lockdown restrictions. New research shows that nearly a third (31%) of UK adults have seen their income cut as a direct result of the crisis. The research, commissioned by GoCompare Money, reveals that 8% of people […]
