Personal Finance News

2 Jan

Two out of five pensioners are having the time of their lives

02 Jan 2019 New research from The Nottingham Building Society (The Nottingham) reveals that 39% of retired people in the UK claim that they are having the best time of their lives since they stopped working. Although YOLO (you only live once) is a phrase and attitude associated with Millennials, older generations are adopting some of the YOLO […]

24 Dec

Car Insurance prices drop 8.5% in a year

24 Dec 2018 Car insurance price cuts are slowing down but drivers are still benefiting from falls of 8.5% in the past year, new analysis from insurance data analytics expert Consumer Intelligence shows. Its data shows average car insurance bills dropped to £757 with black box technology – so-called telematics – which rewards customers who drive […]

21 Dec

10.7 million drivers to hit the road on Christmas Day

21 Dec 2018 Christmas morning is a time we associate with opening presents and getting started on the much-anticipated Christmas lunch, but for over 10 million UK adults it will mean strapping on seat belts for a car journey. New research from Sainsbury’s Bank Car Insurance reveals 10.7 million drivers will be setting off on a […]

19 Dec

6 million people in the UK raid their savings account every month

19 Dec 2018 New research from Charter Savings Bank reveals that one in eight (12%) regular savers usually take money out of their accounts every month – and the number of savings raiders is set to grow as festive spending puts finances under strain. Despite their best intentions, 12% of savers – the equivalent of six […]

18 Dec

81% of Brits believe mortgage lenders “quietly hope” they will slip onto their SVR

18 Dec 2018 A staggering 81% of Brits believe their mortgage providers “quietly hope” they will slip onto their Standard Variable Rate (SVR) at the end of their fixed rate period, a YouGov survey on behalf of ‘always-on’ mortgage switching platform, Dashly, revealed today. Worryingly, a significant percentage do precisely that: the survey found that nearly 4 in 10 (38%) British borrowers […]

18 Dec

1 in 10 scrap New Year savings resolutions within a month

18 Dec 2018 It seems keeping a New Year’s resolution to save money is as hard to maintain as going to the gym or giving up a guilty pleasure. Research from Leeds Building Society found 10% of people who didn’t reach their savings goals in 2018 had failed by the end of January. Two-fifths had […]

12 Dec

Brits Christmas presents at risk as 53% don’t have contents insurance

08 Dec 2018 New research from LV= General Insurance reveals that nearly two in five (37%) adults will hide gifts for loved ones in an outdoor space this Christmas. But more than half (53%)* of Brits risk a season of sad tidings by not having contents insurance ahead of the UK’s peak burglary season. On average, Brits […]

5 Dec

Experian reveals homeowners are overpaying up to £1,800 a year on their mortgage

04 Dec 2018 The majority of mortgage shoppers are looking at fixed-term deals following the rise in interest rates this summer, new analysis from Experian has revealed. At the beginning of August, the Bank of England increased the Base Rate from 0.5% to 0.75% – it’s highest level since March 2009. The increase in the […]

5 Dec

Perplexed by wills: more than 5 million adults do not know where to begin

03 Dec 2018  New research by Royal London reveals that 5.4 million adults without a will in the UK would not know where to begin if they were to write one. Worryingly, the data also shows that 59% of parents either do not have a will, or have one that is out of date. It […]