Personal Finance NewsThe 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 […]
Metro Bank has announced its first ever ‘Refer a Friend’ switching offer. Existing Metro Bank customers can receive up to £250 each by referring their friends to open a Metro Bank account using the Current Account Switch Service (CASS). The bank – which recently celebrated its 10th birthday after becoming the UK’s first new high street […]
New research from Caxton, the travel money specialists, reveals how the coronavirus pandemic has changed the way people are managing their finances. In a survey response from almost 16,000 cardholders, the key findings were as follows: 39% of people say they are deliberately saving more. 59% of those aged 18-25 say they are deliberately saving […]
Finance experts TotallyMoney are advising people that if they need to make large purchases, they should do so with their credit card, to protect their finances during the coronavirus crisis. Section 75 of the Consumer Credit Act makes both credit card lenders and retailers responsible for when a service or product between £100 and £30,000 isn’t delivered Retailers […]
Brits are planning to spend an average £195 each on the high street on life-after-lockdown treats – equating to £9.3 billion1 across the UK – according to new research from American Express. Shoppers are hitting their local high street to treat themselves to meals and drinks out, along with some new items for their wardrobe. The […]
Almost a fifth (18%) of people aged 50 and over say that the COVID-19 pandemic has already or may impact their retirement plans, according to a new study from Co-op Insurance. Of these, a quarter (25%) said they’ve not been able to retire due to their finances, a fifth have had to use some of their […]
Paragon Bank has urged savers to ensure they are making the most of tax-free savings as figures show that the number of ISA openings has halved this year. According to data analysed by Paragon, British savers opened a total of 932,000 new ISAs between February and May 2019. During the same period in 2020, only […]