Personal Finance News

22 Apr

Easy access account balances continue to surge while fixed rates dip

According to new research from Paragon Bank, using CACI data, the average easy access balance has continued to surge during lockdown and exceeded a record £11,000. CACI’s database, which analyses savings data from more than 30 providers, shows that easy access average balances continue to climb, growing from £10,132 last January to £11,0921. At 9.5%, […]

21 Apr

Two thirds of 2021 retirees at risk of running pension pots dry

Two thirds (66%) of 2021 retirees risk not having the pension savings to sustain their planned retirement income, according to a new report launched today from Standard Life Aberdeen. In its inaugural Class of report, surveying UK adults planning to retire this year, Standard Life Aberdeen revealed how ready the Class of 2021 is to retire, identifying […]

12 Apr

Brits determined to keep savings on lockdown

As savings in Britain reached a record high, new research has uncovered that the nation is determined to keep those savings on lockdown even as Covid restrictions ease leading up to 21st June. More than three quarters of Brits (77%) say they want to continue to save the same amount even when restrictions lift and they’re able to socialise regularly again.   The new research […]

12 Apr

Foreign exchange rates – is a more settled UK economy a positive sign?

The UK has gone through some of the most unsettling and uncertain times in history during the last couple of years, with many experts unsure what the future would hold for interest rates or foreign exchange rates. Firstly, the seemingly never-ending Brexit negotiations stumbled from one mini crisis to another throughout 2020 and it wasn’t […]

8 Apr

Oxbury Bank Launches UK’s First Ever Carbon-Mitigation Savings Account

Oxbury Bank, the first 100% dedicated agriculture bank for over 100 years, has announced the launch of a ground-breaking new carbon-mitigation and biodiversity-promoting savings account. Oxbury Forest Saver enables consumers to save securely and direct their savings interest to fund dedicated woodland creation projects on farms across Britain, while also helping to maintain a thriving farming […]

7 Apr

SME customers are key to UK recovery but need state of the art banking support

The gradual easing of lockdown commences on 12th April and is a much-anticipated restart date for many businesses, whether a sole trader or a larger operation employing many workers. History shows that for the UK to be able to fight back after a serious economic downturn like the one we’re facing right now; businesses will […]

6 Apr

GoCompare launches MOT for £10 offer

GoCompare customers who purchase car insurance between April and 15th June 2021 will be eligible to receive a voucher which will allow them to book a MOT test for just a tenner. The voucher can then be used with one of the garages throughout the UK who are participating in the ‘Who Can Fix My […]

30 Mar

People still confused by government financial support for small businesses

Over the last few months, the Chancellor announced a range of support packages to help small businesses struggling in the crisis. However, research revealed that nearly three quarters (73%) of people find the support from government ‘confusing’ and 85% say that the financial packages are still not enough. On one Business Support Group for the […]

29 Mar

Don’t underestimate the importance of company culture for businesses in the post covid era

Companies today need high-quality administration and a strong sense of culture to keep up with the developments and changes taking place in the business world due to the interruption of Covid-19. Company culture is at the forefront of a happy business, but what does it mean? What is company culture? Simply put, company culture is […]