Personal Finance News08 Feb 2018 Although the Bank of England kept the base rate at 0.50% at it’s monthly meeting today, it intimated that rates may rise again soon and more quickly than previously predicted. Some analysts are suggesting that the base rate will increase from today’s level of 0.50% to as much as 1.75% by 2020. […]
08 Feb 2018 More than three quarters of parents with children aged 18-40 said they still felt responsible for their child’s financial security some or all of the time, according to new research from Legal & General. The insurer surveyed over 1000 parents with children aged between 18-40, with the findings showing that the majority […]
06 Feb 2018 As forecasters warn that Britain is set to have the coldest week of the year as temperatures continue to plummet. Leading breakdown provider Green Flag predicts more than 114,000 breakdowns will occur on Britain’s roads this week, as the difficult weather conditions take hold. An abundance of ice and snow showers are […]
02 Feb 2018 Analysis of over 11,000 UK personal current accounts (PCA) has revealed that the average holder was charged £152 in bank fees last year which, if incurred by every one of the 65 million active current accounts in the UK, suggests banks made £9.9 billion from charges in 2017. The data, collated by Plum, the […]
31 Jan 2018 Coconut has today launched a new smart current account combining banking and accounting services, designed specifically for the UK’s ever-growing freelance and self-employed workforce. The app-based business current account will prepare customers for HMRC’s ‘Making Tax Digital’ which starts rolling out from April 2019. Coconut features automated tax management and expense tools, […]
27 Jan 2018 Co-op Insurance has today entered the Travel Insurance market, seeking to disrupt the sector by offering a new product shaped by its members. The new travel insurance product offers cashless medical expenses, for all ages and medical conditions, meaning customers will not have to pay out themselves for any medical treatment – a first […]
26 Jan 2018 Car insurance bills have increased by 9.6% in the past year, but the relentless rise has gone into reverse following a Government U-turn, new analysis from insurance research experts Consumer Intelligence shows. Its data reveals the average most competitive premiums rose by three times inflation – 3% to – £837 but overall prices […]
25 Jan 2018 Just 17% of UK SMEs feel their high street bank fully understands the specific challenges of their business, according to Close Brothers Group’s quarterly business barometer of 900 UK SMEs. Close Brothers research revealed that UK SMEs were concerned that their high street bank was not well enough equipped to offer bespoke […]
22 Jan 2018 Short term saving is dominating Brit’s savings habits, with two in five (35%) prioritising saving for a rainy day fund over any other financial milestone, according to the latest sentiment research from Foresters Friendly Society. The findings reveal that less than a third of consumers (29%) view saving to provide a retirement […]