Personal Finance News07 Mar 2019 NS&I research has shown the enduring influence of our parents on building long term savings habits and the financial as well as emotional bonds between the generations. 50% of Britons had a savings account opened for them by their parent or guardian when they were a child, with just over half of […]
06 Mar 2019 With new number plates arriving on garage forecourts at the beginning of March, more than a quarter (27%) of motorists will be considering changing their car, despite current economic uncertainty, according to a new study from Sainsbury’s Bank. The research conducted by Sainsbury’s Bank found car buyers are planning to spend an […]
05 Mar 2019 The FCA today announced a number of measures to stop vulnerable people paying way over the odds for rent to own purchases. In future retailers won’t be able to charge more than 100% of the price of goods – a big improvement as in some cases people are paying up to 4 […]
28 Feb 2019 Ahead of Free Wills Month in March, research from Royal London reveals a quarter (26%) of people with a will do not discuss it as they do not want to think about dying. The research also found that one in four (27%) do not want to upset beneficiaries by discussing the contents of their […]
26 Feb 2019 An increasing number of people are choosing to borrow more money through their mortgage to improve their home rather than move home, according to new data released by Yorkshire Building Society. Figures from the Yorkshire show there was a 12% increase in the number of homeowners choosing additional borrowing last year compared to […]
21 Feb 2019 With the number of adult children sharing the family home with parents at an all-time high, new research from Charter Savings Bank1 shows they are not always quite so good about sharing details on their finances. The nationwide study found nearly 69% of parents are open about their finances with their adult children […]
17 Feb 2019 Alastair Douglas, CEO of credit experts TotallyMoney, comments on the high cost of solely making minimum credit card repayments, urging borrowers to adopt a simple fixed-payment strategy that could save them thousands. “Paying a bit less each month on your card balance may seem like a great gesture from your credit card company […]
12 Feb 2019 Peer-to-peer lending platform RateSetter’s ISA has exceeded expectations in its first year, having attracted £175m of subscriptions, and currently accounts for one-fifth of the platform’s £830m funds under management. Almost one-quarter of RateSetter investors have opened an ISA with 16,500 people currently enjoying their returns tax-free within the ISA wrapper. In contrast […]
11 Feb 2019 British holidaymakers are routinely turning up at airports without their passports causing holiday headaches before they have even seen an inflight menu. A new study from Sainsbury’s Bank Travel Insurance reveals that 1.4 million holidaymakers have forgotten their crucial travel documents before leaving the UK. In fact Britons admit they are more […]