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Pension contributions not top priority until savers reach 50s, study finds
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Three in five UK adults concerned over finances, report finds
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News in brief - 20 January 2025
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Over six million savings accounts could be over tax thresholds for interest
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News in brief - 17 January 2025
BANKING
There are 1076 articles for the BANKING category
Three in five UK adults (62%) are concerned or “very concerned” about their finances, a new report from Schroders Personal Wealth (SPW) has indicated
Posted: 20/01/2025
More than six million accounts could be at risk of breaching the personal savings allowance (PSA) and facing a tax bill, Shawbrook Bank has warned
Posted: 20/01/2025
The UK’s rate of inflation slowed to 2.5% in the year to December, according to the latest figures published by the Office for National Statistics (ONS)
Posted: 15/01/2025
Half of UK adults would admit that they only have £250 or less in savings dedicated to emergencies, Starling Bank has found
Posted: 15/01/2025
Nationwide has urged individuals who are struggling financially to seek help as a “perfect storm of record New Year debt” is set to make January a difficult month for UK households
Posted: 03/01/2025
Homeowners and savers feel more pessimistic about the future of the economy and their own financial wellbeing, a survey by the Family Building Society has indicated
Posted: 20/12/2024
The Bank of England has confirmed it is holding its base rate at 4.75% in its final decision on interest rates in 2024
Posted: 19/12/2024
Two in five (40%) UK adults have no savings in the bank, a new study by Darlington Building Society has indicated
Posted: 18/12/2024
Half of British adults have stated that they will not change their approach to saving, despite the likelihood of receiving less from their savings as interest rates come down, Atom bank has found
Posted: 17/12/2024
Product choice in the savings market has increased to a record 2,117 deals in December, new figures published by Moneyfacts have shown
Posted: 16/12/2024
Cash ISA balances surged to a total £359.2bn in the third quarter, new analysis from Paragon Bank has highlighted
Posted: 11/12/2024
The financial advice industry should collaborate to help younger generations seek the financial advice and guidance support they need, St. James’s Place (SJP) has argued
Posted: 09/12/2024
The volume of new business agreed in the consumer finance sector increased by 2% year-on-year in October, new data from the Finance & Leasing Association (FLA) has shown
Posted: 09/12/2024
Over three in five (63%) of financial services firms believe that more encouragement is needed to attract younger people to the industry, new research from Davies has indicated
Posted: 06/12/2024
AJ Bell has announced a record revenue of £269.4m in its latest annual results, a figure up 23% on last year
Posted: 05/12/2024
The majority of independent financial advisers (IFA) in the UK are dissatisfied by Rachel Reeves’ first Budget as Labour Chancellor, a new study has indicated
Posted: 05/12/2024
The amount paid into lifetime ISAs (LISAs) in the 2022/23 financial year increased by 10% annually, despite HM Revenue and Customs (HMRC) revising the data
Posted: 04/12/2024
UK savers are missing out on £12.5bn in interest by keeping cash in current accounts that pay little or no interest, Atom bank has found
Posted: 29/11/2024
Over one million people over the age of 45 are heading towards retirement with zero cash savings, new research by Fair4All Finance has warned
Posted: 28/11/2024
The number of UK adults who own cryptocurrency has risen to 12%, new research published by the Financial Conduct Authority (FCA) has shown, up from 10% in previous findings
Posted: 27/11/2024
Average individual debt has increased to over £5,300, an increase of £1,000 from the £4,300 owed in 2023, Tesco Bank found
Posted: 27/11/2024
The number of available savings products on the market has reached 2,076 deals, new figures from Moneyfacts have shown
Posted: 26/11/2024
Close to half (47%) of all savers are dipping into their accounts to help meet regular bills as the cost of living crisis continues to bite, new research from Investec Bank has warned
Posted: 26/11/2024
Carers are losing an average £6,400 a year in annual salary by cutting work to support elderly loved ones, research by Just Group has revealed.
Posted: 25/11/2024
Specialist lender Vida Homeloans has received authorisation from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to become a fully licensed bank
Posted: 20/11/2024
More than one in seven (15%) people said they have tried to switch to a best-buy savings account in the last two years but found that it had closed to new customers or that the interest rate was no longer available, Investec Bank has revealed
Posted: 20/11/2024
There is a “significant misunderstanding” among UK adults surrounding the necessity of appointing a Power of Attorney (PoA), research by Paragon Bank has shown
Posted: 19/11/2024
NatWest has bought back another £1bn worth of shares from the Treasury as the Government continues to lower its stake in the bank
Posted: 11/11/2024
Over three quarters (77%) of the £831.6bn currently held within non-ISA adult savings accounts is earning enough interest to potentially incur a tax payment
Posted: 11/11/2024
The Bank of England has confirmed a 0.25% cut to interest rates with the new base rate now set at 4.75%
Posted: 07/11/2024
Volumes of new business across the consumer finance market climbed by 9% in September compared to the same month last year, new figures from the Finance & Leasing Association (FLA) have shown
Posted: 07/11/2024
Fears that the Chancellor would target pension tax reliefs in her Budget last week fuelled an eightfold increase in SIPP contributions in October, according to analysis by Bestinvest
Posted: 06/11/2024
The top 20% of savers could miss out on £1,222 in interest by not switching their savings account from a high street bank to the best on the market, Hargreaves Lansdown (HL) has revealed
Posted: 05/11/2024
Hargreaves Lansdown has reported a rise in the number of people opening new ISA, SIPP and active savings accounts
Posted: 29/10/2024
NatWest has beaten expectations across a range of financial results, with its profit before tax reaching £1.7bn in Q3, £200m above previous estimates
Posted: 25/10/2024
The majority of individuals that receive financial advice across the UK have remained with the same adviser throughout, new research by St. James’s Place (SJP) has shown
Posted: 25/10/2024
Over two in five (41%) people have increased their unsecured borrowing in the last 12 months, Pepper Money has revealed
Posted: 24/10/2024
A new bank created to support people from Africa living and working in the UK has been granted its banking licence
Posted: 22/10/2024
A majority of clients working with independent financial advisers (IFAs) are anxious about the upcoming Budget, a new survey from Opinium has suggested
Posted: 22/10/2024
Credit unions have achieved the highest overall satisfaction rating from customers, ahead of mainstream banks and building societies, Smart Money People has found
Posted: 17/10/2024
Outstanding balances on credit card accounts increased by 7.6% over the year to July, new figures published by UK Finance have shown
Posted: 16/10/2024
The UK population missed out on an additional £20bn in 2023 by keeping their savings with a high street bank rather than a building society, Yorkshire Building Society has found
Posted: 15/10/2024
A fear of running out of money is preventing over-55s from buying things they need, new research from Oxford Risk has indicated
Posted: 14/10/2024
Inflation in the UK is forecast to end the year closer to 3%, according to a figure from the Bank of England (BoE), who also confirmed an interest rate cut is expected in November
Posted: 11/10/2024
Over seven in 10 (71%) UK adults have said that they do not know how a savings account works, Pay.UK has revealed
Posted: 09/10/2024
More than two in five (43%) savers have not moved any of their cash to accounts paying higher rates during the past two and a half years, despite changes in the Bank of England (BoE) base rate, Investec Bank has revealed
Posted: 08/10/2024
Over a quarter of a million adult cash savings accounts containing balances of £10,000 or over are earning 1% or less, despite the growth in savings rates over the past two years
Posted: 03/10/2024
Almost one in five (17%) savers are still not beating inflation with the rate paid on their main account below the current 2.2% level of consumer price inflation, Investec Bank has found
Posted: 01/10/2024
Twenty-nine per cent of people have experienced adverse credit at some point in their lives, according to Pepper Money’s latest Specialist Lending Study
Posted: 30/09/2024
CredAbility App has warned that people’s lack of financial knowledge is not only damaging their access to credit but also impacting the financial choices open to them, after it found that more than a quarter (26%) of the UK had never checked their credit score
Posted: 26/09/2024
Seventy-two per cent of active savers over the age of 65 do not have Power of Attorney (PoA) arrangements in place in the event they cannot handle their own financial affairs, research from Paragon Bank has revealed
Posted: 26/09/2024
Forty-six per cent of women are opting to hold their long-term savings in a savings account rather than more tax-friendly options such as a pension or ISA wrappers, Scottish Friendly has revealed
Posted: 25/09/2024
The number of providers within the credit card market fell to a record low 34 during Q3, new data from Moneyfacts has revealed
Posted: 23/09/2024
Twenty-nine per cent of Brits have reported that their financial health has deteriorated over the past six months, as rising bills and costs take a toll on their financial wellbeing, Moneyhub has reported
Posted: 23/09/2024
A total £72.2bn was paid into 12.5 million adult ISAs in the 2022/23 financial year, new figures published by HMRC have revealed
Posted: 19/09/2024
The Bank of England has confirmed that interest rates are to be held at 5%
Posted: 19/09/2024
Savers moved an additional £42bn into cash ISAs during the first six months of 2024 as they looked to shield their money from tax, analysis by Paragon Bank has shown
Posted: 17/09/2024
Savings rates fell across both variable and fixed sectors in August, the first time all rates have dropped since January 2024, according to new data published by Moneyfacts
Posted: 16/09/2024
Commercial finance brokers are reporting a significant rise in client requests to support more complex projects, according to new findings published by Asset Advantage
Posted: 11/09/2024
Awareness surrounding Islamic finance has increased among Muslim consumers in the UK, new research by Gatehouse Bank has indicated
Posted: 02/09/2024
Over two million fixed rate savings accounts containing balances of over £20,000 could generate higher returns by switching a portion of the deposit into ISAs on maturity, analysis by Paragon Bank has indicated
Posted: 27/08/2024
Bridging loan books continued to grow to record levels in the second quarter reaching just under £8.4bn, according to new data from the Bridging & Development Lenders Association (BDLA)
Posted: 21/08/2024
Over two in five (43%) UK adults believe that their financial situation will improve in the next 12 months, SmartSave has revealed
Posted: 20/08/2024
Cash ISA returns are showing signs of resilience despite recent falls in fixed bond rates, new analysis by Moneyfacts has shown
Posted: 20/08/2024
British consumers could save up to £24.5bn collectively if they adopted digital financial management tools, research by Tink has found
Posted: 20/08/2024
Gifts and loans from the Bank of Mum & Dad (BOMAD) totalled £9.4bn in 2023, analysis by property firm Savills has shown
Posted: 19/08/2024
Demand for bridging finance increased in the second quarter as gross lending hit £201.8m, according to the latest Bridging Trends data
Posted: 13/08/2024
Seven in 10 savers (68%) in the UK feel more confident about their personal finances today than six months ago as disposable incomes have increased, according to new Paragon Bank research
Posted: 09/08/2024
The British Business Bank recorded a loss of £122m in the 2023/24 financial year, new figures have shown
Posted: 08/08/2024
New business volumes in the consumer finance market were down 8% in June compared to last year, new figures released by the Finance & Leasing Association (FLA) have shown
Posted: 07/08/2024
National Savings & Investments (NS&I) has released new two and five-year issues of British savings bonds and increased the interest rate on the existing three-year fixed term offering
Posted: 06/08/2024
Average rates on longer-term fixed bond rates are indicating that a downward trend is on the horizon, Moneyfacts has suggested
Posted: 06/08/2024
The UK’s major banks could be wound down in a crisis without destabilising the financial system, the Bank of England (BoE) has hinted
Posted: 06/08/2024
The Bank of England (BoE) has announced a cut to its base rate to 5%, the first drop in interest rates since the onset of the COVID pandemic in March 2020
Posted: 01/08/2024
Over-55s homeowners are becoming increasingly worried about their retirement income, new research from Key Later Life Finance has warned
Posted: 31/07/2024
A cut to the Bank of England’s (BoE) base rate is set to wait another month, after inflation remained at 2% for a second consecutive month, Quilter has stated
Posted: 18/7/2024
Nearly three in five (57%) UK consumers admit to keeping the majority of their money in current accounts rather than savings accounts, with some stating concerns about not being able to access money, Chase has found
Posted: 17/7/2024
The number of savings products available on the market has breached the 2,000 mark for the first time in 12 years, new analysis from Moneyfacts has indicated
Posted: 16/07/2024
The average closed easy access account rate has been lower than the live equivalent over the past two years, according to analysis by Moneyfacts
Posted: 15/07/2024
Card spending dropped by 0.6% year-on-year in June, which is the first decline in this figure since February 2021, Barclays has revealed
Posted: 10/07/2024
New business volumes across consumer finance fell year-on-year by 2% in May, new figures published by the Finance & Leasing Association (FLA) have indicated
Posted: 09/07/2024
The British Business Bank has launched a new scheme to help smaller businesses access the finance they need to invest and grow
Posted: 08/07/2024
Keir Starmer will become the next Prime Minister after the Labour Party swept aside the Conservatives in a landslide General Election victory overnight
Posted: 05/07/2024
An estimated £858.5bn of cash held in adult savings accounts is now growing in real terms after the rate of inflation fell in June, according to research from Paragon Bank
Posted: 03/07/2024
The Bank of England (BoE) has opted to keep its base rate at 5.25%, the seventh time in a row the central bank has held interest rates
Posted: 20/06/2024
There are now over 150 million contactless cards in issue across the UK, accounting for 93% of all cards being used, new figures published by UK Finance have shown
Posted: 19/06/2024
Hargreaves Lansdown (HL) has seen deposits into its cash ISA products increase by over 500% in June year-on-year
Posted: 18/6/2024
More than 185,000 lifetime ISA (LISA) savers have been fined a collective £127m for making “unauthorised withdrawals” of their own money, according to a Freedom of Information request obtained by MPowered Mortgages
Posted: 13/06/2024
The UK’s big banks are continuing to offer easy access savings rates well below the average, according to new Moneyfacts data, despite their continued obligation via the Financial Conduct Authority (FCA) to offer fair value to customers
Posted: 06/06/2024
Consumer card spending growth has increased to 1% in May, the smallest rise since February 2021, Barclays has found
Posted: 06/06/2024
Paragon Bank has reported a 13.5% jump in underlying profit to £146.3m in its latest half-year results
Posted: 06/06/2024
Monzo has recorded its first year of annual profitability since the group’s launch in 2015
Posted: 03/06/2024
Bridging loan transactions totalled £196.2m in the first quarter of 2024, according to the latest Bridging Trends data
Posted: 29/05/2024
The Labour Party has an opportunity to “drastically improve” the plans for a British ISA should it be in power following the General Election, according to Quilter
Posted: 28/05/2024
Following Rishi Sunak’s announcement yesterday evening that the country will head to polling stations on Thursday 4 July for the next General Election, MoneyAge has rounded up some reaction from the industry about what the result and a new Government could mean for the consumer finance sector
Posted: 23/05/2024
An estimated £1.17bn was stolen through fraud in the UK last year, a new report published by UK Finance has shown
Posted: 22/05/2024
Interest rates for savers and borrowers have shown mixed signs with rises and falls over the past six months, Moneyfacts has found
Posted: 10/05/2024
Just over one in 10 (11%) people say they have tried to open a best-buy savings account in the past two years, only to find that it had closed and was no longer open to new customers, Investec Bank has revealed
Posted: 08/05/2024
Forty-six per cent of active cash ISA savers are seeking to invest early in the new tax year to take advantage of the tax-free wrapper, according to new research from Paragon Bank
Posted: 02/05/2024
The total amount of housing equity available to homeowners over the age of 55 now stands at an estimated £622bn, according to estimates published by Canada Life
Posted: 01/05/2024
The number of new ISA accounts opened at Skipton Building Society in the first two weeks of April increased by 203% compared to last year
Posted: 01/05/2024
Allica Bank has reached the milestone of lending over £500m in asset finance
Posted: 25/04/2024
Barclays has reported a fall in profits for the first quarter of 2024, as the bank’s pre-tax profits slipped to £2.3bn compared to £2.6bn in Q1 last year
Posted: 25/04/2024
Inflation in March fell to 3.2% following the drop to 3.4% in February, the lowest it has been since 2021, the Office for National Statistics (ONS) has revealed.
On a monthly basis, consumer prices index (CPI) inflation increased by 0.6% in March, compared to a rise of 0.8% a year previously
Posted: 17/04/2024
Over a third (39%) of people made use of their tax-free ISA allowance in the last tax year, easyMoney has revealed
Posted: 15/04/2024
The cost of three months’ worth of essentials has increased by £1,028 in the past two years, meaning that more is needed in savings, Hargreaves Lansdown has revealed
Posted: 15/04/2024
Almost one in five (18.8%) people in the UK, equating to around 10 million people, are £697 overdrawn each day, TotallyMoney has found
Posted: 11/04/2024
Millions of Brits are potentially missing out on hundreds of pounds extra income a year because their cash ISA savings are in accounts paying 1.50% or less, new analysis by Yorkshire Building Society and CACI has indicated
Posted: 08/04/2024
Forty-five per cent of UK homebuyers would consider using an ethical home finance provider that aligns with Islamic principles, a new study by Gatehouse Bank
Posted: 28/03/2024
The Government’s stake in NatWest has dropped to below 30% for the first time since the bank was bailed out during the 2008 financial crisis
Posted: 25/03/2024
Forty-seven per cent of parents have given their adult children a financial lump sum, new research from Paragon Bank has indicated
Posted: 22/03/2024
Almost two thirds (62%) of commercial brokers with SME clients have seen appetite for external financial grow, Atom bank has reported
Posted: 21/03/2024
The Bank of England (BoE) has opted to keep its base rate at 5.25%, the fifth time in a row the central bank has held interest rates
Posted: 21/03/2024
The UK’s rate of inflation has fallen to 3.4% for the year to February, a figure down from 4.0% in January
Posted: 20/03/2024
Two thirds (65%) of people in the UK aged between 25 and 34 years old are currently in debt, with almost half (48%) of people aged between 18 and 24 years old also in the same financial situation, Tesco Bank has found
Posted: 18/3/2024
UK adults are almost "10 years behind" when it comes to money planning, Octopus Money has found
Posted: 15/3/2024
The amount of debt repaid by individuals increased from £900m in December 2023 to £1.1bn in January 2024, the Bank of England (BoE) has found
Posted: 29/02/2024
Targeted support could be a “turning point” for the financial advice industry in the UK, Aviva head of savings and retirement, Alistair McQueen, has said
Posted: 29/02/2024
There is a PR job to do on financial advice and guidance to help tackle the challenge of the rise of financial influencers, known as ‘finfluencers’, M&G Wealth Advice CEO, Ross Linton has said
Posted: 28/02/2024
Last year saw a £100bn fall in balances saved in easy access accounts, the largest withdrawal recorded since the 2008 financial crisis, new analysis by Coventry Building Society has highlighted
Posted: 28/02/2024
The Financial Conduct Authority (FCA) has launched a new campaign which encourages consumers to shop around for a better savings rate
Posted: 27/02/2024
Simplifying the tax rules around gifting in the upcoming Budget would help to boost the housing market as well as ease the first-time buyer crisis, Key Later Life Finance has argued
Posted: 27/02/2024
An estimated £243.9m was lost in Government bonuses from Lifetime ISAs (LISAs) last year, new research from Moneybox has indicated
Posted: 26/02/2024
Almost half (48%) of 18-34-year-olds admit they have put off life goals, such as having children, due to affordability, Moneyhub has found
Posted: 26/02/2024
Financial worries and stresses are impacting 45% of people in the UK, research from Yorkshire Building Society and food redistribution charity, FareShare, has indicated
Posted: 23/02/2024
Almost two thirds (64%) of UK adults, equating to 35 million people, believe they have missed out on financial opportunities in life, research by Moneybox has suggested
Posted: 22/02/2024
Selina Finance has agreed two new lines of funding with Vanquis Bank and Waterfall Asset Management
Posted: 21/02/2024
More than two in five (44%) savers don’t understand their personal savings allowance (PSA), new research from Shawbrook has highlighted, meaning many could be losing thousands of pounds every year
Posted: 20/02/2024
One in five (20%) credit card borrowers only made the minimum repayment on their most recent credit card bill, Compare the Market has found
Posted: 19/02/2024
The value of reported UK fraud hit £2.3bn in 2023, more than double the £1.1bn recorded in 2022, according to accountancy firm, BDO
Posted: 19/02/2024
Outstanding balances on credit card accounts have grown annually by 9.8%, new figures published by UK Finance have shown
Posted: 16/02/2024
More than seven in 10 (71%) of Gen Z (18-24 years old) men believe that males should be the primary breadwinner in a relationship, Starling Bank has found
Posted: 14/02/2024
New business volumes in the consumer finance sector were down by 2% over the course of last year when compared to 2022
Posted: 14/02/2024
The UK’s headline rate of inflation remained at 4% in the year to January, a level unchanged from the rate in the 12 months to December 2023
Posted: 14/02/2024
One in five (20%) individuals have said they are not using ISAs as they do not want to lock away their money, CMC Invest has found
Posted: 13/02/2024
A record £831m of bridging loans was transacted by lenders in 2023, according to the latest Bridging Trends figures
Posted: 13/02/2024
There has been a significant rise in the number of people not feeling confident about their finances for the future, research by the Equity Release Council has highlighted
Posted: 09/02/2024
Over three quarters (78%) of UK adults are still unaware of new ISA rule changes that are set to come into effect in April, new research by Wesleyan Financial Services has indicated
Posted: 09/02/2024
Concern among small and medium-sized enterprises (SMEs) around a potential recession have eased by a third (32%), new research by iwoca has suggested
Posted: 07/02/2024
The sale of shares in NatWest to the public could happen as early as June, the UK Government Investments (UKGI) has stated.
Currently, 39% of the bank is owned by the Treasury, after it was bailed out during the 2008 financial crisis for around £46bn
Posted: 07/02/2024
Business development managers (BDMs) at InterBay and Landbay have been rated with the highest satisfaction with brokers, with 94% reporting positive feedback, Smart Money People has said
Posted: 01/02/2024
The Bank of England (BoE) has opted to keep its base rate at 5.25%, the fourth time in a row the central bank has held interest rates.
At its latest meeting, the Bank’s Monetary Policy Committee (MPC) voted by a majority of six to three in favour of maintaining interest rates at 5.25%
Posted: 01/02/2024
The number of UK adults who chose to invest in financial markets fell last year as economic uncertainty and the high cost of living suppressed the market
Posted: 29/01/2024
UK dividends ended strongly in 2023 according to financial services company Computershare, with banks making the most significant contribution to growth during the year
Posted: 25/01/2024
More than a quarter of people (27%) are still visiting their bank branch at least once per month, according to new research published by Yorkshire Building Society
Posted: 23/01/2024
Over two in five (43%) of people with adverse credit have said their level of debt has increased in the last 12 months, according to Pepper Money
Posted: 22/01/2024
Almost a quarter (23%) of UK adults have said they would not seek financial advice, even if it was free, Canada Life has found
Posted: 19/01/2024
Over two in five (43%) UK adults, which equates to around 22 million people, say their financial situation will get worse over the next 12 months, StepChange Debt Charity has found
Posted: 16/01/2024
Business volumes in the consumer finance space were 2% higher in the 11 months to November 2023 compared to a year earlier, the latest figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 16/01/2024
UK adults missed out on an estimated minimum of £6.9bn in savings returns in 2023 by leaving their money in current accounts that do not pay any interest
Posted: 15/01/2024
Nearly three in five (58%) customers with adverse credit would seek the advice of a mortgage broker, Pepper Money has revealed
Posted: 15/01/2024
Half of Gen Z (49%) have been excluded from social plans because of their financial situation, Wealthify has found
Posted: 12/01/2024
Millions of people in the UK are potentially missing out on nearly £1,000 extra income a year because their savings are in low or no-interest paying current accounts, Yorkshire Building Society has suggested
Posted: 11/01/2024
The death of the family breadwinner could set a family back by over £190,000 over the course of 10 years, Beagle Street has found
Posted: 10/01/2024
An overwhelming majority of UK workers will always seek financial advice before taking out any form of insurance, research published by The Exeter has indicated
Posted: 09/01/2024
Business leaders in the financial services sector are “optimistic” going into 2024, according to new research published by KPMG UK
Posted: 05/01/2024
Changes to the UK mortgage market and improving household balance sheets, including “forced saving” during the pandemic, have helped to deliver a £16bn household income boost from higher interest rates
Posted: 05/01/2024
Earnings made by the CEOs of the FTSE 100 companies will have surpassed the median UK worker’s full-time annual salary by just before 1pm today, estimates from the High Pay Centre (HPC) have indicated
Posted: 04/01/2024
Cash usage has increased for the second consecutive year as households respond to the cost of living crisis by budgeting with physical money, Nationwide has found
Posted: 03/01/2024
The cost of living crisis has disproportionately impacted women’s finances and their ability to withstand the potential impacts of a recession, new research from Quilter has indicated
Posted: 03/01/2024
A third (34%) of Brits have said they will be more in control of their short and long-term finances as they set out their financial objectives for 2024, Tesco Bank has found
Posted: 02/01/2024
The Payment Systems Regulator (PSR) has introduced a new reimbursement requirement which will see the majority of money lost to authorised push payment (APP) fraud reimbursed to victims
Posted: 20/12/2023
Inflation has increased by 3.9% in November, dropping further than expected from 4.9% in October, the Office for National Statistics has found
Posted: 20/12/2023
A third (32%) of UK workers aged 40 and over have expressed concerns about the adequacy of their retirement savings for enjoying future Christmases, My Pension Expert has revealed
Posted: 14/12/2023
The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme
Posted: 14/12/2023
The Bank of England (BoE) has confirmed it is keeping its base rate at 5.25%, the third time in a row the central bank has opted to hold interest rates
Posted: 14/12/2023
Nearly three-quarters (73%) of over-50s said that the cost-of-living crisis is their biggest money worry, SunLife has found
Posted: 13/12/2023
Under a third (31%) of brokers have said they are confidently looking ahead to 2024, Crystal Specialist Finance has found
Posted: 11/12/2023
Volumes of business carried out in the consumer finance sector for the 10 months of 2023 to the end of October were 3% down compared to last year, new figures from the Finance & Leasing Association (FLA) have indicated
Posted: 08/12/2023
The Financial Conduct Authority (FCA) has warned that UK households feeling financial strain in the lead up to Christmas could be more vulnerable to loan fee fraud
Posted: 06/12/2023
Household confidence in the housing market recovered throughout Q3 but remains downbeat overall, UK Finance has reported
Posted: 06/12/2023
Three in 10 (29%) UK consumers have missed bill payments or have gone into their overdraft in the past year, despite having funds in other accounts, Moneyhub has found
Posted: 06/12/2023
Three in five people under the age of 50 (61%) are meeting the cost of living through relatives releasing funds from their own property, according to new research from Hodge
Posted: 05/12/2023
Two thirds (65%) of Brits believe that high street banks prioritise making profits over passing higher interest rates on to savers, research from SmartSave has found
Posted: 04/12/2023
More than four in every five financial advisers (84%) believe that a coordinated effort by trade bodies and financial services providers is needed to attract more advisers into the industry, new research has suggested
Posted: 30/11/2023
The bank of mum and dad has gifted more than £35bn to help their children and grandchildren get on the housing ladder, SunLife has found
Posted: 30/11/2023
The number of net mortgage approvals for house purchases increased from 43,700 in September to 47,400 in October, the Bank of England (BoE) has found
Posted: 29/11/2023
An estimated 1.9 million parents over the age of 50 either have or would consider taking out equity release to help their children get on the property ladder, according to research from financial services mutual, OneFamily
Posted: 28/11/2023
The Chancellor has announced a cut to the main rate of employee national insurance, which is to fall from 12% to 10%
Posted: 22/11/2023
Aviva's GI gross written premiums (GWP) rose 13% in the first nine months of the year, ignoring the effect of exchange rates, to £8.0bn
Posted: 17/11/2023
Advised platforms suffered £13.91bn of outflows in the three months to the end of September, an increase of 12.37% compared to the previous quarter, in what is a record high, the lang cat has reported
Posted: 16/11/2023
Inflation has fallen to 4.6% for the year to October, a sharp fall from 6.7% in September, new figures published by the Office for National Statistics (ONS) have revealed
Posted: 15/11/2023
The consumer finance sector saw business volumes fall by 3% in September compared to the same month last year, the latest figures from the Finance & Leasing Association (FLA) have revealed
Posted: 14/11/2023
One in 10 adults (11%) in the UK have said they don’t trust financial advisers, with one in five (21%) stating that they would not seek financial advice, even if it was free, Canada Life has found
Posted: 13/11/2023
Bridging loan books hit a record high in the third quarter, according to the latest data from the Association of Short-Term Lenders (ASTL), with applications and completions also showing strong growth during the period
Posted: 09/11/2023
Almost a third (30%) of parents with children under the age of 18 have said that the cost of living crisis is making their financial situation “difficult”, compared to 22% of people without children, Standard Life has found
Posted: 09/11/2023
Almost two thirds (65%) of parents with children over the age of 18 have not spoken to them about the cost of living crisis, TopCashback has found
Posted: 08/11/2023
More than half of brokers (54%) are now seeing a rise in appetite from SMEs for external funding, new research published by Atom bank has indicated
Posted: 07/11/2023
Almost a third (30%) of people, equating to 16 million, have missed payments on key households in 2023, the Money and Pensions Service (MaPS) has found
Posted: 06/11/2023
Millions of people in the UK could be heading for difficulties later in life, as research has suggested that poor understanding and low take-up of long-term investing could risk their financial security
Posted: 06/11/2023
Nearly half (48%) of SME business owners have stated that cash flow is currently the biggest challenge that their company is facing, Millbrook Business Finance has found
Posted: 03/11/2023
The Bank of England (BoE) has voted to hold interest rates at their current level for the second meeting in a row, keeping the central bank’s base rate at 5.25%
Posted: 02/11/2023
Atom bank has raised over £100m in new equity capital from long-term shareholders, BBVA, Toscafund and Infinity Investment Partners
Posted: 01/11/2023
Over four in five (84%) property professionals have said that they recognise the importance of the later life lending sector within the wider UK mortgage and residential property market, Countrywide Surveying Services (CSS) has found
Posted: 01/11/2023
Over half a billion pounds (£580m) has been stolen through authorised and unauthorised fraud in the first half of 2023, UK Finance has reported
Posted: 25/10/2023
Hargreaves Lansdown (HL) has reported a net client growth of 8,000 in the second quarter of the latest financial year, following on from 17,000 in Q1 2023
Posted: 20/10/2023
One in five adults in the UK claim to have been a victim of financial fraud, research from Paragon Bank has indicated
Posted: 18/10/2023
Inflation has remained unchanged at 6.7% in the year to September, according to new figures published by the Office for National Statistics (ONS)
Posted: 18/10/2023
Gen Z and millennial consumers are turning to brands for their banking needs, new research from Vodeno/Aion Bank has found
Posted: 16/10/2023
Metro Bank has reached a deal to raise extra funds from investors after last week announcing it was seeking new funding
Posted: 09/10/2023
Almost two million disabled people in the UK have contacted debt advice charities over the past 12 months for support as they continue to suffer as a result of the cost of living crisis, Creditspring has found
Posted: 28/09/2023
The amount of money held in fixed rate savings accounts has almost doubled over the past year, analysis by Paragon Bank has suggested, with savers responding to rising interest rates
Posted: 22/09/2023
The Bank of England has announced that its base rate is to stay at 5.25%, the first time that interest rates have remained unchanged since December 2021
Posted: 21/09/2023
Specialist lender Together has announced that its loan book has grown to £6.4bn in its results for the year to 30 June
Posted: 21/09/2023
Inflation has fallen to 6.7% for the 12 months to August, new figures published by the Office for National Statistics (ONS) have revealed.
This is down from price increases of 6.8% in the year to July, and the recent peak of 11.1% recorded in October last year
Posted: 20/09/2023
The parent company of SimplyBiz and Defaqto, Fintel, has reported a 2% fall in statutory revenue for the first six months of 2023
Posted: 19/09/2023
The vast majority of financial advisers (93%) believe that property wealth should now be a key consideration when giving financial planning advice, research from Nokkel has revealed
Posted: 18/09/2023
Three quarters (75%) of UK households have said they are prioritising contributions to savings, despite having less to spend during the cost of living crisis, Nottingham Building Society has found
Posted: 18/09/2023
Nearly half (45%) of UK adults are concerned about the financial decision making of their vulnerable relatives as they get older, a recent report by AKG has found
Posted: 14/09/2023
The majority of financial advisers would be in favour of simplifying the ISA market, new research from AJ Bell has indicated
Posted: 13/09/2023
One in three adults in the UK have stated that they are focusing more on saving, following a shift from a spending mindset, Gatehouse Bank has found
Posted: 13/09/2023
Members of the Finance & Leasing Association (FLA) across the asset finance, consumer finance and motor finance markets provided £76.3bn of new business in the first half of 2023, new figures from the association have revealed
Posted: 12/09/2023
Around half (49%) of people aged between 18 and 24 have been contacted by a scammer impersonating someone else, new research from UK Finance has indicated
Posted: 07/09/2023
Nearly three-quarters (73%) of adults in the UK, which equates to 38 million people, have said that they don’t have their spending fully under control, new research from TopCashback has found
Posted: 06/09/2023
An estimated 318,400 housing transactions will receive financial support from family members in 2023, according to new research from Legal & General (L&G) and the Centre for Economics and Business Research (Cebr)
Posted: 29/08/2023
The average annual UK salary would need to increase by £3,000 in order to keep pace with inflation in 2023, according to a new study
Posted: 22/08/2023
The British Business Bank has agreed a portfolio increase of £75m for specialist commercial lender, DF Capital, to its existing ENABLE Guarantee
Posted: 18/08/2023
The vast majority of people and businesses are set to be no further than three miles from withdrawing cash under a new framework set out by the Treasury
Posted: 18/08/2023
More than one in five (22%) UK adults, a figure potentially equivalent to almost 10 million people, would admit they are unable to save anything on a monthly basis, according to a report by Yorkshire Building Society
Posted: 16/08/2023
The consumer price index (CPI) measure of inflation has fallen from 7.9% in June to 6.8% in July, the latest Office for National Statistics (ONS) data has revealed
Posted: 16/08/2023
Savers who avoided cash ISAs to chase the best interest rates could now be left with unwanted tax bills that wipe out the extra interest they’ve earned, calculations by investment platform AJ Bell have shown
Posted: 15/08/2023
The UK’s GDP grew by 0.5% in June and is now 0.8% above its pre-pandemic level from February 2020, new data from the Office for National Statistics (ONS) has indicated
Posted: 11/08/2023
Business volumes in the consumer finance space registered a 3% fall in the first six months of 2023 compared to last year
Posted: 10/08/2023
Bridging loan transactions in the second quarter fell to £165.7m, according to the latest Bridging Trends data
Posted: 09/08/2023
UK savers are continuing to focus on one-year fixed rate accounts, according to new research from Paragon Bank
Posted: 08/08/2023
The Bank of England (BoE) has announced another base rate rise which takes interest rates to 5.25%, their highest level since the global financial crisis 15 years ago
Posted: 03/08/2023
The number of ISA millionaires in the UK has soared to a record high of 4,070, according to latest figures
Posted: 01/08/2023
Just over a quarter (27%) of British adults have said that they feel their bank is providing them with tailored support through the cost of living crisis, research by Tink has found
Posted: 27/07/2023
An estimated 7.4 million people unsuccessfully attempted to contact one or more of their financial services providers in the 12 months before May 2022, the Financial Conduct Authority (FCA) has found
Posted: 26/07/2023
Customer confidence in the equity release market is starting to improve after the average amount of accessed property wealth registered an increase, new analysis by Key Later Life Finance has shown
Posted: 26/07/2023
Billions of pounds are currently sitting in the child trust funds (CTFs) of millions of young people aged 12 to 20, the Public Accounts Committee has claimed
Posted: 26/07/2023
Rampant inflation is continuing to make savers suffer with their real returns on cash ISAs, despite interest rate increases
Posted: 25/07/2023
Software provider, GBST, has confirmed the acquisition of cloud-based end-to-end financial planning software solution, Advice Intelligence
Posted: 25/07/2023
The UK’s four largest high street banks have been criticised by the Treasury Select Committee for making “weak excuses” over savings rates offered to their customers
Posted: 18/07/2023
The Competition and Markets Authority (CMA) has saved UK consumers an estimated £8bn over the last three years, according to a new report by the competition watchdog
Posted: 18/07/2023
Average rates on consumer credit products registered notable increases through June amid fears surrounding inflation, reaching their highest level in 28 years, according to findings from Freedom Finance
Posted: 17/07/2023
Household wealth across the UK has fallen by £2.1trn over the past year as a result of rising interest rates, a new report from the Resolution Foundation has found
Posted: 17/07/2023
An increasing amount of young people are becoming dependent on the use of credit to manage their finances as a result of the cost of living crisis, Moneyhub Decisioning research has revealed
Posted: 17/07/2023
UK savers are leaving a third of their adult ISA and non-ISA instant access balances in accounts that are earning 1% or less in interest, despite the increasing rate environment, new research by Paragon Bank has revealed
Posted: 14/07/2023
Volumes of new business conducted in the consumer finance space fell by 5% in May compared to last year, new figures published by the Finance & Leasing Association (FLA) have shown
Posted: 14/07/2023
Annuities could play an “increasingly important role” in planning later life finances, according to WelthTech firm, GBST
Posted: 13/07/2023
Four in 10 (43%) people are at risk of harming their credit score by confusing soft and hard credit searches, Capital One UK has found
Posted: 10/07/2023
Around £250bn is currently sat in UK cash accounts that are paying no interest, according to latest Bank of England (BoE) data
Posted: 7/7/2023
Bosses at HSBC, Natwest, Lloyds and Barclays are expected to meet with the Financial Conduct Authority (FCA) on Thursday (6 July) following concerns that interest rates on savings accounts are considerably lower than increasing mortgage costs.
Posted: 4/7/2023
The number of people making unauthorised withdrawals from a Lifetime ISA (LISA) rose by 56% to 74,650 in the 2022/23 tax year, up from 47,850 in 2021/22
Posted: 3/7/2023
Paragon Bank has announced that it has raised interest rates on 10 accounts, as rates continue to rise across the banking sector.
Posted: 23/06/2023
The Bank of England (BoE) has once again increased its base rate to now take interest rates to 5%, their highest level in 15 years
Posted: 22/06/2023
The consumer prices index (CPI) has remained at 8.7% In the 12 months until May 2023, the latest inflation figures from the Office for National Statistics (ONS) have shown, with the industry describing the lack of movement as “stubbornly sticky”.
Posted: 21/06/2023
The Bank of England (BoE) has launched its first system-wide exploratory scenario (SWES) exercise, with the aim of improving understanding of the behaviours of banks and non-bank financial institutions (NBFIs) in stressed financial market conditions.
Posted: 19/06/2023
Tipton & Coseley Building Society chief executive officer (CEO), Richard Newton, has announced that he will be stepping down from the role early next year.
Posted: 16/06/2023
Customers could lose up to £250m to fraud from Meta-based platforms in 2023, banking industry projections have predicted, with TSB’s chief executive, Robin Bulloch, calling on the social media giant to do more to protect users
Posted: 15/06/2023
Future decisions by the Bank of England (BoE) are currently being put under the microscope by industry professionals, with many expecting a further rise in interest rates at the Monetary Policy Summary (MPC) meeting next week
Posted: 15/06/2023
Volumes of new business across the consumer finance space fell by 10% in April compared to last year, new figures published by the Finance & Leasing Association (FLA) have shown
Posted: 14/06/2023
Average earnings in the UK have grown at 7.2% over the 12 months to April, excluding bonuses, while the unemployment rate fell to 3.8%, new figures published by the Office for National Statistics (ONS) have revealed
Posted: 13/06/2023
Rates on consumer credit products either remained steady or registered small declines in May, according to Freedom Finance’s analysis on the latest Bank of England data
Posted: 12/06/2023
Retail investors in the UK are concerned that the banking sector’s recent collapses will damage the wider economy, according to new research from investment platform, Shojin
Posted: 12/06/2023
Bridging completions, applications and loan books continued to grow in the first quarter of 2023, according to new data from the Association of Short-Term Lenders (ASTL)
Posted: 07/06/2023
Two thirds (67%) of UK adults admit to having debt that's weighing them down, according to a new study from Aviva
Posted: 05/06/2023
Growing demand for consumer credit in the UK is being underpinned by a move for consumers to consolidate debt, according to new research from Freedom Finance
Posted: 31/05/2023
More than three in 10 (31%) UK banking customers are still using physical channels to buy products in 2023, new research has indicated
Posted: 30/05/2023
An estimated £41bn worth of vulnerable customers’ money has been attached to poor outcomes from financial services providers, according to a new study
Posted: 25/05/2023
Inflation in the UK has fallen to 8.7% in the year to April, down from 10.1% in March, according to the latest data from the Office for National Statistics (ONS)
Posted: 24/05/2023
A quarter of UK over-55s are lacking confidence in their current financial position, new research from Paragon Bank has revealed
Posted: 23/05/2023
Canada Life has highlighted fixed-term income plans as an alternative to lifetime annuities if a client is looking for income security but for a shorter period
Posted: 22/05/2023
The number of people struggling to meet bills and credit repayments has risen by 3.1 million since May last year, the Financial Conduct Authority (FCA) has revealed
Posted: 17/05/2023
Bridging lenders transacted a record high £278.8m in bridging loans during the first quarter this year, according to the latest Bridging Trends data
Posted: 16/05/2023
Over £1.2bn was stolen by criminals through authorised and unauthorised fraud in 2022, new figures from UK Finance have revealed
Posted: 11/05/2023
The Bank of England has confirmed another increase to interest rates, raising its base rate from 4.25% to 4.5%
Posted: 11/05/2023
New business in the consumer finance space fell by 4% in March compared with the same month in 2022, new figures published by the Finance & Leasing Association (FLA) have shown
Posted: 10/05/2023
Just 29% of pension fraud reports on average are sent for a police investigation, a new Freedom of Information request has found
Posted: 03/05/2023
An estimated net £39.5bn flowed into fixed rate savings accounts in the period between 2 January and 9 April as savers responded to higher rates
Posted: 02/05/2023
AJ Bell has called for a radical overhaul of the UK’s ISA system in a new policy paper
Posted: 27/04/2023
More than a quarter (28%) of over-50s are now turning to their savings pot to tide them over due to the cost of living crisis, new research from Handelsbanken Wealth & Asset Management has indicated
Posted: 27/04/2023
One in six (16%) advice firms expect the Consumer Duty value for money rules to lead to an increase in the total charges that clients pay, a new study has indicated
Posted: 21/04/2023
Inflation in the UK has fallen back in the year to March but remains in double digits at 10.1%, the Office for National Statistics (ONS) has revealed
Posted: 19/04/2023
Fraud losses to impersonation scams in the UK reached a total £177.6m in 2022, new figures published by UK Finance have shown
Posted: 18/04/2023
UK savers are increasingly looking for long-term flexibility from their savings products, new research by Shawbrook has indicated.
This comes as the interest rate rises by the Bank of England (BoE) have prompted more savers to switch
Posted: 17/04/2023
Rising inflation is putting pressure on life insurance customers over the age of 50 to carry on paying their monthly premiums, new research has suggested
Posted: 12/04/2023
Just one in five of wealthier homeowners (20%) believe their property will not play a role in their retirement or inheritance plans, new research has indicated
Posted: 30/03/2023
UK families are being urged to utilise their children’s Junior ISA allowance before the end of the tax year next week
Posted: 29/03/2023
One in 12 grandparents (8%) in the UK have used the value locked in their homes to provide financial support for their grandchildren, new research from Legal & General Home Finance (LGHF) has indicated
Posted: 29/03/2023
The percentage of UK credit card accounts with two missed payments jumped by 13.6% in January compared to December 2022, new data published by FICO has indicated
Posted: 27/03/2023
Inflation in the UK has climbed back up to 10.4% in the year to February, the Office for National Statistics (ONS) has revealed
Posted: 22/03/2023
Bridging applications and loan books continued to grow in final quarter of 2022, new data published by the the Association of Short-Term Lenders (ASTL) has indicated
Posted: 22/03/2023
Financial advisers have reported that more than half of their clients (55%) are currently more worried about their adult children’s financial predicament than their own
Posted: 21/03/2023
The Society of Trust and Estate Planners (STEP) has warned people looking to get their affairs in order about the danger of low-cost online wills
Posted: 16/03/2023
HSBC UK has agreed to scoop up the UK arm of Silicon Valley Bank (SVB) for the sum of one pound, easing fears over the bank's collapse
Posted: 13/03/2023
Experian has announced plans for a new service that could help millions of financially excluded people get better access to mainstream financial services
Posted: 09/03/2023
Rates on all major forms of consumer credit have declined since the end of 2022 through to February, new analysis from Freedom Finance has shown
Posted: 08/03/2023
Over-50s would trust the financial expertise of Martin Lewis more than that of financial advisers, a new study has indicated
Posted: 08/03/2023
The Chancellor is facing calls from the financial services industry to provide more support for savers ahead of next week’s Budget
Posted: 07/03/2023
An estimated £76m tied up in forgotten bank accounts is to be used to financially support people in debt as well as assist with UK social enterprises
Posted: 07/03/2023
Over-50s in the UK who have been driven out of work due to ill health have just 5% of the wealth of those who have retired early by choice, research has revealed.
A new report published by Phoenix Insights, the longevity think tank set up by Phoenix Group, looked into economic inactivity among the over-50s since the beginning of the pandemic
Posted: 06/03/2023
A large proportion of UK adults are currently at risk of costly and time-consuming measures if they were to lose a spouse, Scottish Widows has warned
Posted: 02/03/2023
Lending among challenger and specialist banks reached a record high of £35.5bn in 2022, according to new research from the British Business Bank
Posted: 01/03/2023
UK adults are continuing to prioritise ethical savings options despite the cost of living crisis, according to new research published by Gatehouse Bank
Posted: 28/02/2023
Eight trade associations have written to the Chancellor recommending that a new “green super-deduction” replaces the existing programme when it comes to an end in March
Posted: 23/02/2023
A third of over-50s in the UK have concerns they will not be able to afford the recession predicted by the Bank of England (BoE), research from LiveMore has highlighted
Posted: 23/02/2023
Sixty-five per cent of parents in the UK are missing out on tax-free savings aimed at giving their children a savings boost, research from Janus Henderson Investment Trusts has suggested
Posted: 22/02/2023
Volumes of new business in the consumer finance sector fell by 4% in December, compared with the same month a year earlier
Posted: 17/02/2023
Outstanding balances on UK credit card accounts grew by 9.4% in the year to November 2022, new figures published by UK Finance have shown
Posted: 16/02/2023
UK inflation fell back to 10.1% in the 12 months to January, the Office for National Statistics (ONS) has revealed
Posted: 15/02/2023
The total amount of funds lent via bridging loans dropped by 22.5% in the fourth quarter of 2022, according to new analysis from Apex Bridging
Posted: 15/02/2023
The “Bank of Mum and Dad” is driving increasing economic inequalities among people in early adulthood, a new report published by the Institute for Fiscal Studies (IFS) has suggested
Posted: 13/02/2023
Credit card application fraud climbed to its highest ever recorded level in 2022, according to new analysis by Experian
Posted: 13/02/2023
The Treasury and the Bank of England (BoE) are consulting on introducing a potential digital pound in the UK
Posted: 08/02/2023
More than half of instant-access non-ISA savings accounts are still earning 0.5% or less, despite savings rates increasing in recent months
Posted: 02/02/2023
The Bank of England (BoE) has announced another rise to interest rates to take its base rate to 4%, its highest level for 14 years
Posted: 02/02/2023
The number of newly opened stocks and shares ISA policies fell 21% year-on-year in the three months to December 2022, figures reported by Scottish Friendly have indicated
Posted: 26/01/2023
The number of balance transfer credit cards on the market has increased by 14% compared to the same time last year, new analysis from Defaqto has shown
Posted: 26/01/2023
Over £1bn of funds could be released from Lifetime ISA (LISA) products and put towards first home purchases over the next 12 months, new research has indicated
Posted: 24/01/2023
More than half (51%) of adults in the UK do not currently have a will in place, a new study from TIME Investments has indicated
Posted: 24/01/2023
Over £1.5bn has been released from UK property as homeowners have turned to equity release in the face of the cost of living crisis
Posted: 18/01/2023
A significant number of people over the age of 55 saw their financial outgoings exceed their income during parts of 2022, research from more2life has indicated
Posted: 18/01/2023
The Bank of England (BoE) has completed the sale of the £19.3bn portfolio of temporary holdings of UK government bonds previously purchased on financial stability grounds in autumn 2022
Posted: 13/01/2023
New business conducted in the consumer finance sector fell by 6% in November compared to the same month in 2021, according to the latest figures published by the Finance & Leasing Association (FLA)
Posted: 13/01/2023
Grandparents and parents have gifted over £2.1bn to younger relatives in the last two years, new data from Key Later Life Finance has indicated
Posted: 22/12/2022
Clients of equity release introducers are now more likely to focus on inheritance issues, a new report from Key Partnerships has stated
Posted: 20/12/2022
A third of people with adverse credit would say the level of their unsecured debt has increased in the last 12 months, new research from Pepper Money has indicated
Posted: 19/12/2022
New business in the consumer finance space increased by 7% in October compared to the same month last year, figures from the Finance & Leasing Association (FLA) have indicated
Posted: 16/12/2022
The Bank of England (BoE) has increased its base rate by a further 0.5 percentage points to 3.5%
Posted: 15/12/2022
Over two in five consumers (45%) are using a savings account to save for retirement, outside of any pension saving, according to research published by Barnett Waddingham
Posted: 28/11/2022
Seven in 10 people (71%) are concerned about their financial situation as a direct result of the cost of living crisis, research from Pepper Money has indicated
Posted: 25/11/2022
The bridging market continued to expand in the third quarter as completions, applications and loan books all registered growth
Posted: 25/11/2022
The average homebuyer in England is now paying almost £76,000 during the initial year following a property purchase, research by GetAgent has revealed
Posted: 21/11/2022
A record number of Junior ISA investments were made in the third quarter of 2022, despite households having less money to save, figures from Scottish Friendly have indicated
Posted: 18/11/2022
Inflation in the UK has climbed to 11.1%, new data published by the Office for National Statistics (ONS) has shown
Posted: 16/11/2022
New business volumes in the consumer finance space for the first nine months of 2022 are up 19% on the same period last year, data published by the Finance & Leasing Association (FLA) has indicated
Posted: 10/11/2022
More than half of parents (57%) have not spoken to their adult children about their will, a new study by Scottish Widows has indicated
Posted: 09/11/2022
Consumer card spending increased by 3.5% year-on-year in October, new data published by Barclaycard has revealed
Posted: 08/11/2022
The Bank of England (BoE) has increased interest rates by a further 0.75%, marking the largest single rise to rates for 33 years
Posted: 03/11/2022
Savers in the UK are prioritising short-term flexibility over locking their money away for the long-term, research from digital bank Chase has indicated
Posted: 26/10/2022
Approximately 7.8 million people in the UK are struggling to keep up with their bills, an increase of around 2.5 million people since 2020, the FCA has estimated
Posted: 21/10/2022
Inflation in the UK has returned to double digits after climbing to 10.1% in the year to September
Posted: 19/10/2022
A total 343.8 million credit card transactions were carried out in July, a 9.8% increase on the same month in 2021, new figures published by UK Finance have shown
Posted: 18/10/2022
The cost of living crisis is likely to increase the number of clients seeking to give lump sum cash gifts to their adult children, new research from Just Group has suggested
Posted: 18/10/2022
Jeremy Hunt has been appointed as the UK’s new Chancellor following Kwasi Kwarteng’s sacking earlier today
Posted: 14/10/2022
Over £609.8m was stolen by criminals through fraud in the first half of 2022, new figures published by UK Finance have revealed
Posted: 13/10/2022
High-net-worth-individuals (HNWIs) are relying heavily on their housing wealth as a retirement fund, according to the latest Wealth Index report published by Saltus
Posted: 12/10/2022
The Bank of England (BoE) has today widened the scope of its daily gilt purchase operations to also include the purchase of index-linked gilts
Posted: 11/10/2022
Almost four in every five UK adults (78%) are managing their finances digitally, a new study by Aegon has revealed
Posted: 10/10/2022
The Bank of England (BoE) has increased the daily buying limit of its bond intervention from £5bn to £10bn, in an attempt to calm fears of a pension fund sell-off.
Posted: 10/10/2022
The volume of new business agreed in the consumer finance space increased by 14% in August, compared with the same month in 2021
Posted: 10/10/2022
The Bank of England has raised UK interest rates by 0.5 percentage points to 2.25% in an attempt to combat soaring inflation amid the cost of living crisis
Posted: 22/09/2022
A type of scam that promises to write off mortgage debt is currently targeting UK consumers, the FCA has warned
Posted: 20/09/2022
A mini-Budget is expected to take place next week as new Chancellor Kwasi Kwarteng delivers his first financial statement
Posted: 16/09/2022
The UK inflation rate has fallen back to 9.9%, figures from the Office for National Statistics (ONS) have confirmed
Posted: 14/09/2022
More than 40,000 UK SMEs could lean on finance providers to help support their businesses amid the current challenges around rising costs, new research has indicated
Posted: 14/09/2022
The UK’s GDP is estimated to have grown by 0.2% in July following a 0.6% fall in June, data from the Office for National Statistics (ONS) has indicated
Posted: 12/09/2022
One in eight people are putting off getting the financial help they need despite rising living costs leaving households £249 poorer a month on average, research from Nationwide has indicated
Posted: 09/09/2022
The Bank of England (BoE) has postponed its Monetary Policy Committee (MPC) announcement on interest rates until 22 September, following the death of Queen Elizabeth II
Posted: 09/09/2022
The total value of new business conducted across the consumer finance space increased by 11% in July compared to last year, new figures published by the Finance & Leasing Association (FLA) have shown
Posted: 08/09/2022
Consumer spending patterns are remaining stable despite a significant fall in consumer confidence, with households appearing to make purchases now ahead of further price rises to come, UK Finance has stated
Posted: 08/09/2022
More than seven in 10 (73%) people in the UK have been targeted by scammers over the past three months as fraudsters attempt to take advantage of the cost of living crisis, according to figures cited by the FCA
Posted: 07/09/2022
Kwasi Kwarteng has been confirmed as the UK’s new Chancellor of the Exchequer
Posted: 07/09/2022
eConveyancer has announced the launch of a new panel management partnership with Moray Group in Scotland
Posted: 07/09/2022
The total value of bridging loan lending in the UK has jumped by 22% in the past year alone, new market analysis by Henry Dannell has shown
Posted: 06/09/2022
Young adults in the UK are still prioritising ethical savings options despite the cost of living crisis, a new study has indicated
Posted: 06/09/2022
Liz Truss has been confirmed as the new leader of the Conservative party and will take over from Boris Johnson as the next Prime Minister
Posted: 05/09/2022
One in two younger adults have reduced or stopped regular saving as a result of the cost of living crisis, new research has shown
Posted: 05/09/2022
Recent interest rate increases mean that UK homeowners are likely to spend an additional £1.6bn in interest payments on unsecured loans in the next year, analysis from Pepper Money has indicated
Posted: 31/08/2022
The number of bridging applications, completions and loan books all rebounded in the second quarter, according to data published by the Association of Short-Term Lenders (ASTL)
Posted: 30/08/2022
Offering consumers tailored credit offers that suit their individual needs and providing them with more choice is now a “major area of focus” for consumer credit lenders, Freedom Finance has stated
Posted: 26/08/2022
Financial priorities have seen a significant shift in the last six months as UK adults face rising inflation and increased living costs, new research from Aegon has indicated
Posted: 25/08/2022
Attempts to block the legal process of dealing with someone’s assets on death, known in England and Wales as probate, have jumped by 37%
Posted: 24/08/2022
More than half of consumers (54%) are worried that the current economic environment will lead them to use up all of their emergency savings, new research has suggested
Posted: 24/08/2022
Interest rate rises on revolving credit, including credit and store cards, could cost UK homeowners an additional £2.8bn in the next 12 months, new estimates have suggested
Posted: 23/08/2022
A total of 40.4 billion payments were made by consumers and businesses across the UK in 2021, new figures published by UK Finance have revealed
Posted: 18/08/2022
An estimated 1.8 million people in the UK are currently caring for a family member, new research from Canada Life has suggested
Posted: 18/08/2022
Inflation in the UK has surpassed double digits and now stands at 10.1%, the latest figures published by the Office for National Statistics (ONS) have confirmed
Posted: 17/08/2022
A total of 211,381 trust registrations have been received since the Trustee Registration Service (TRS) began in June 2017, new figures have shown
Posted: 15/08/2022
The UK’s GDP fell by 0.6% in June, new data published by the Office for National Statistics (ONS) has revealed
Posted: 12/08/2022
More than two in three conveyancers think they have a duty of care to advise their clients on the risks that climate change represent to property, new research has indicated
Posted: 11/08/2022
One in three UK small and medium enterprises (SMEs) have warned that their survival is dependent on accessing finance before the end of the year, new research from NerdWallet has revealed
Posted: 10/08/2022
The first half of 2022 has seen a shift in spending among equity release drawdown customers, data from Legal & General Home Finance (LGHF) has indicated
Posted: 10/08/2022
Nearly one in 10 retirees have returned to the workforce or are considering doing so as living costs continue to rise across the UK
Posted: 09/08/2022
Rising living costs in the UK are making more people go back to cash payments, according to new figures released by the Post Office
Posted: 08/08/2022
Gatehouse Bank has recorded a pre-tax profits figure of £3.6m for 2021
Posted: 08/08/2022
New business conducted across the consumer finance space climbed by 7% in June compared to last year, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 04/08/2022
The Bank of England (BoE) has confirmed a further increase to its base rate to 1.75%
Posted: 04/08/2022
Gifts from the Bank of Mum and Dad (BOMAD) will total £25bn over the next three years, new analysis from Savills has suggested
Posted: 04/08/2022
Growth in the overall amount of savings in UK bank accounts has ground to a halt, new research by Paragon Bank has indicated
Posted: 03/08/2022
Consumers need a minimum of £44,000 in savings to avoid having to make changes to their spending habits as a result of rising living costs, estimates from Hampshire Trust Bank have indicated
Posted: 03/08/2022
The average rent paid in the UK increased by 2.47% in the second quarter, new figures published by the Deposit Protection Service (DPS) have revealed
Posted: 28/07/2022
The UK inflation has climbed again to reach 9.4% for the 12 months to June, new data published by the Office for National Statistics (ONS) has confirmed
Posted: 20/07/2022
The average monthly credit card spend has fallen in the UK as cardholders look to deal with the rising cost of living
Posted: 18/07/2022
Bridging loan lending has increased by 28% since the start of the COVID pandemic, according to new analysis from Revolution Brokers
Posted: 12/07/2022
Around two in five people (38%) who expect to inherit money say that they need it to fund their retirement, a study from Hargreaves Lansdown has found
Posted: 11/07/2022
Half a million people across Scotland who are dependent on cash are at risk of being forgotten by banks due to the rate of bank closures, the Scottish Affairs Committee has warned
Posted: 11/07/2022
One in three UK adults (32%) who were saving for a home deposit have either stopped or decreased the amount they were saving in response to the rising cost of living, a new study has indicated
Posted: 11/07/2022
The total amount of debt owed by the UK’s over-55s will climb to £294bn this year, a new report from more2life has indicated
Posted: 07/07/2022
The FCA has urged consumers to get help as soon as possible if they are struggling financially because of the rising cost-of-living
Posted: 06/07/2022
The value of new business in the consumer finance new business grew by 20% in May compared with the same month last year, new figures published by the Finance & Leasing Association (FLA) have shown
Posted: 06/07/2022
UK investors currently believe that savings rates are still not high enough to tempt them to move more money into cash
Posted: 06/07/2022
More than four in five disabled consumers have not shared their support needs with financial services firms when accessing essential services, according to new research from Experian
Posted: 05/07/2022
Yorkshire Building Society has issued a warning around the detrimental long-term economic impact that the cost-of-living crisis could have on young people
Posted: 04/07/2022
More than £1.3bn was stolen through fraud and scams in 2021, new figures published by UK Finance have indicated
Posted: 29/06/2022
Almost two in five (38%) savers in the UK are financially supporting members of their family due to the cost-of-living crisis, according to new research conducted by Paragon Bank
Posted: 27/06/2022
UK inflation is continuing to rise at its fastest rate for 40 years as the latest rate edged up to 9.1% in the 12 months to May, new data published by the Office for National Statistics (ONS) has revealed
Posted: 22/06/2022
Parents are twice as likely to offer their adult children a significant sum of money if they knew it would be protected by a formalised loan to be repaid over an agreed period of time, new research by Generation Home has suggested
Posted: 21/06/2022
New business across the consumer finance space increased by 21% in April 2022 compared to the same month last year, new figures published by the Finance & Leasing Association (FLA) have indicated
Posted: 20/06/2022
Equity release funds currently account for one in every £90 spent by retired people within the UK, research published by Legal & General and the Centre for Economics and Business Research (Cebr) has indicated
Posted: 16/06/2022
Starling Bank is to buy a loan portfolio from specialist lender Masthaven worth about £500m
Posted: 15/06/2022
One in three small and medium-sized enterprises (SMEs) based in the UK who sought access to finance were denied in the last year, new research from Yolt has found
Posted: 06/06/2022
More than three in 10 of financial services and banking professionals (31%) are planning to leave the industry due to high pressure, a new report by LemonEdge has revealed
Posted: 24/05/2022
Older homeowners accessing the value held in their homes via lifetime mortgages and other forms of equity release are directly adding almost £1.8bn in gross value added (GVA) across the UK economy, new research has revealed
Posted: 18/05/2022
Inflation has now hit 9.0%, the Office for National Statistics (ONS) has confirmed, a figure that is the fastest rate of price rises for 40 years
Posted: 18/05/2022
The cost-of-living crisis is threatening to have a “destructive impact” on the long-term savings plans of young people in the UK, research from AJ Bell has indicated
Posted: 17/05/2022
The governor of the Bank of England (BoE), Andrew Bailey, has indicated that consumer price inflation will hit 10% before the end of the year
Posted: 17/05/2022
Almost nine in 10 people (87%) people between the ages of 11 and 18 in the UK have “limited knowledge” about managing money, new research from Yorkshire Building Society has suggested
Posted: 17/05/2022
Around four out of five adults (78%) across the UK have not registered a Lasting Power of Attorney (LPA), new research from Canada Life has indicated
Posted: 16/05/2022
Plans for retirement are driving around one in three (32%) of equity release customer choices, new research from Standard Life Home Finance has indicated
Posted: 16/05/2022
The UK’s GDP shrunk by 0.1% in March, new figures published by the Office for National Statistics (ONS) have confirmed
Posted: 12/05/2022
The average UK household will be short of £100 a month by 2024 as the cost-of-living crisis begins to see expenses outpace incomes
Posted: 11/05/2022
Brokers are are offering bridging finance options to their clients despite a lack of knowledge in the sector, new research by Brightstar Financial and West One has indicated
Posted: 11/05/2022
Overdraft interest rates have surged since the start of the pandemic, rising from 20.99% in February 2020 to 34.07% in April this year, according to Bank of England (BoE) figures
Posted: 10/05/2022
Fees paid to HMRC by estate agents for anti-money laundering (AML) supervision have increased by 205% annually, research from Credas Technologies has revealed
Posted: 10/05/2022
Nationwide has reported it is protecting its members from an additional 2,000 cases of online card fraud a month as a result of new payment checks at online checkouts
Posted: 09/05/2022
The Bank of England (BoE) has confirmed it is increasing its base rate to 1%
Posted: 05/05/2022
The Bank of England (BoE) is expected to increase its base rate from 0.75% to 1% this week, the Financial Times has reported
Posted: 03/05/2022
The UK is set to borrow an additional £9bn on credit cards over the next six months to survive the cost-of-living crisis, a new report by subscription lender, Creditspring, has suggested
Posted: 03/05/2022
Barclays has announced it is to start screening transactions for climate change risks
Posted: 28/04/2022
Around just two out of five (37%) over-55s have planned for the impact of inflation on their personal finances when they stop work, new research from Key Later Life Finance has indicated
Posted: 27/04/2022
Around half (49%) of instant access savings accounts contain less than £500, new figures have revealed
Posted: 25/04/2022
Outstanding balances on credit card accounts have grown by 3.8% in a year, new data published by UK Finance has revealed
Posted: 20/04/2022
People under the age of 35 are more likely than older age groups to have been targeted in an impersonation scam, according to new research by UK Finance
Posted: 13/04/2022
The UK’s inflation rate climbed to 7% in the year to March, the highest rate in 30 years
Posted: 13/04/2022
More than one million people in the UK are victims of loan sharks, a figure significantly higher than previously thought, new estimates have indicated
Posted: 06/04/2022
Newly retired people financially supported their families with an average £3,700 during 2021, according to research published by Key Later Life Finance
Posted: 06/04/2022
West One Loans has successfully completed a £7.8m large, complex, commercial bridging loan to finance the redevelopment of a hotel in Suffolk
Posted: 05/04/2022
Fintech provider, Bottomline, has announced a new partnership with NatWest
Posted: 05/04/2022
More than seven in 10 (71%) UK adults are still managing to save at least some money every month despite the current economic landscape, a new study from Aviva has suggested
Posted: 01/04/2022
The rising cost of living is leading to a sharp rise in consumers calling financial services firms across the UK, according to data from communications company, Moneypenny
Posted: 25/03/2022
Digital fraud checks could have significantly reduced the amount of money estimated to have been lost by the government to fraudulent applications for COVID support schemes, anti-money laundering firm SmartSearch has argued
Posted: 23/03/2022
Inflation in the UK has hit a 30-year high as the Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February, the Office for National Statistics (ONS) has confirmed
Posted: 23/03/2022
The average UK credit card spend fell month-on-month by 12% in January to £669, according to new data published by FICO
Posted: 21/03/2022
Over half of UK adults (56%) do not currently have a will, a new study by Canada Life has indicated
Posted: 18/03/2022
The Bank of England (BoE) has increased its base interest rate to 0.75%, the highest level since the start of the pandemic in March 2020
Posted: 17/03/2022
The past year has seen a rise in the number of people checking their cash ISA, new consumer research by AJ Bell has found
Posted: 16/03/2022
December 2021 saw two billion debit card transactions, new data published by UK Finance has revealed, a figure 19% more than in December 2020
Posted: 16/03/2022
New business conducted in the consumer finance space saw a 51% jump in January compared with the same month in 2021, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 11/03/2022
Around 6% of UK adults have missed some form of major payment over the last two years because of the pandemic’s impact on household finances, research from The Mortgage Lender has suggested
Posted: 09/03/2022
Men are much more likely than women to go to money advice websites or financial advisers, a new study by Canada Life has indicated
Posted: 08/03/2022
UK households are facing the biggest income squeeze in half a century, a new report published by the Resolution Foundation has warned
Posted: 08/03/2022
Millions of people are failing to compare lending products from at least two providers and risk not getting the best deal available to them, research by Freedom Finance has indicated
Posted: 07/03/2022
Almost half (48%) of people with adverse credit would say that their current financial position negatively impacts their mental health, according to new research published by Pepper Money
Posted: 07/03/2022
Pepper Money has reported an increase in the number of people who have experienced more severe forms of adverse credit
Posted: 03/03/2022
TransUnion has partnered with rent reporting platform, CreditLadder, to incorporate UK tenants’ rental payments into their credit information
Posted: 24/02/2022
Most over-45s who have experienced vulnerability have not told their financial adviser but would be more likely to if the advice firm had taken proactive steps to educate them, new research by Just Group has suggested
Posted: 22/02/2022
More than three in 10 investors (31%) with adult children are planning on giving them a living inheritance this year, according to a poll by interactive investor
Posted: 21/02/2022
Cash ISAs saw £7bn of outflows in the final six months of 2021, the biggest total from ISAs since they were launched in 1999
Posted: 21/02/2022
The Cash Action Group has announced several new appointments as part of a move to establish a Banking Hub company to oversee the rollout of cash services across the UK
Posted: 18/02/2022
There were an estimated 5.5 million anti-money laundering (AML) and identity checks conducted across the UK property market over the last year, new figures have revealed
Posted: 17/02/2022
Almost half of the UK’s cryptocurrency investors (47%) do not currently have an ISA, according to new research by AJ Bell
Posted: 16/02/2022
The UK’s 12-month rate of inflation increased again in January, the Office for National Statistics (ONS) has confirmed
Posted: 16/02/2022
Millions of UK renters have no insurance safety net in place, prompting fears that many would be unable to pay their bills if they were to fall critically ill, lose their job or the person they live with was to pass away, according to a new study
Posted: 16/02/2022
The amount of new business conducted in the consumer finance space grew by 16% in December 2021, compared with the same month in 2020
Posted: 14/02/2022
An estimated £672bn of corporate borrowing by SMEs is unprotected, according to new research from Legal & General, leaving many SMEs across the UK vulnerable to any future financial shocks
Posted: 14/02/2022
The UK’s GDP is estimated to have fallen by 0.2% in December, new figures published by the Office for National Statistics (ONS) have indicated
Posted: 11/02/2022
Cases of romance fraud have almost doubled during the pandemic at an average loss of £6,100, new figures published by TSB have revealed
Posted: 09/02/2022
TransUnion has announced it is to accept buy now, pay later (BNPL) finance into UK consumer credit files
Posted: 09/02/2022
The average spend on credit cards in the UK is continuing to see an increase after averaging £760 in December, a level 14% higher year-on-year
Posted: 09/02/2022
Around four in five (81%) people with adverse credit are worried about the impact of increasing bills, according to new research by Pepper Money
Posted: 08/02/2022
The rise in popularity for buy-now-pay-later (BNPL) schemes could explain a trend in fewer young people using credit cards, new research from GlobalData has suggested
Posted: 07/02/2022
The Bank of England (BoE) has announced it is increasing its base interest rate to 0.5%
Posted: 03/02/2022
Individuals across the UK borrowed £800m in consumer credit on net during December, new Bank of England (BoE) figures have revealed
Posted: 01/02/2022
A further interest rate rise from the Bank of England in February is currently a cause for concern for around two in five (38%) individuals in the UK, a new study by Aegon has suggested
Posted: 31/01/2022
The savings market spiked to a record £986bn in October 2021, with the average savings balance now standing at £12,431, CACI data analysed by Paragon Bank has indicated
Posted: 31/01/2022
Fraud offences have “boomed” in the UK during the coronavirus pandemic, new figures published by the Office for National Statistics have confirmed
Posted: 27/01/2022
Over £760bn of equity was available for release in UK homes in the fourth quarter of 2021, figures published by Canada Life have indicated
Posted: 26/01/2022
Consumer spending on debit cards climbed by 27% in the first two weeks of 2021 compared to last year, data published by Lloyds Bank has indicated
Posted: 24/01/2022
The number of people struggling to keep up with credit commitments has doubled since the start of the pandemic, according to new research from StepChange Debt Charity
Posted: 20/01/2022
UK inflation (Consumer Prices Index) has hit a 30-year high having risen by 5.4% in the 12 months to December, the Office for National Statistics (ONS) has announced
Posted: 19/01/2022
New plans to strengthen the rules around crypto advertisements and protect consumers from misleading claims have been published by the Treasury
Posted: 18/01/2022
FCA actions resulted in financial firms in the UK being fined £568m over the course of 2021, the regulator has revealed
Posted: 17/01/2022
The UK’s GDP is estimated to have grown back above above its pre-pandemic level for the first time, according to the Office for National Statistics (ONS)
Posted: 14/01/2022
New business conducted in the consumer finance sector saw a rise of 33% in November 2021 compared with the same month in 2020, new figures published by the Finance & Leasing Association (FLA) have shown
Posted: 14/01/2022
Lenders have reported that the availability of secured credit to households increased in the three months to the end of November 2021, according to the latest Credit Conditions Survey by the Bank of England (BoE)
Posted: 13/01/2022
More than one in five (22%) of current workers are planning to use the value of their home to fund their retirement following record house price increases, according to a study from Legal & General Home Finance
Posted: 13/01/2022
UK Finance has warned small and medium sized enterprises (SMEs) across the UK to be alert for scams targeting their firms
Posted: 12/01/2022
UK households saw their financial wellbeing deteriorate in Q4 2021 at the fastest rate since the second quarter of 2020, according to findings published by Scottish Widows
Posted: 12/01/2022
More than half of customers with adverse credit looking to buy a property say they would speak to a broker to help them get a new mortgage, new research from Pepper Money has indicated
Posted: 11/01/2022
A total of £92m has been lost through dating scams in the space of a year, new Action Fraud figures have revealed
Posted: 10/01/2022
Sixty-four per cent of people in the UK are concerned about the impact that an increase in inflation will have on their personal finances, a study from Aegon has suggested
Posted: 06/01/2022
Parents with more wealth to pass on are more likely to split their assets unequally between their children, new research by Netwealth has suggested
Posted: 05/01/2022
HMRC has recovered more than £1bn from the proceeds of crime since the formation of its specialist fraud squad five years ago
Posted: 04/01/2022
More than half (57%) of adults aged between 18 and 50 have now used Buy Now, Pay Later (BNPL) schemes, new research by OpenMoney has found
Posted: 16/12/2021
The Bank of England (BoE) has announced it is increasing its base interest rate to 0.25%
Posted: 16/12/2021
Inflation surged by 5.1% in the 12 months to November to reach its highest rate since 2011, new figures published by the Office for National Statistics (ONS) have revealed
Posted: 15/12/2021
Almost one in five (18%) people who have experienced some form of adverse credit in the last three years are intending to purchase a property in the next 12 months, new research has indicated
Posted: 15/12/2021
Millions of people in the UK are being put off accessing credit products because they fear a rejected application could harm their chances of a loan in the future, new analysis from Freedom Finance has indicated
Posted: 14/12/2021
New business conducted across the consumer finance space grew by 11% in October compared with the same month in 2020, figures from the Finance & Leasing Association (FLA) have revealed
Posted: 13/12/2021
Aegon has warned savers with large amounts of money sitting in cash not to be “lulled into a false sense of security” if interest rates creep up, because of the threat of higher inflation throughout 2022
Posted: 08/12/2021
Three quarters (75%) of advisers feel it is important for family members to be involved in the equity release process, new research from more2life has suggested
Posted: 08/12/2021
More than 11.6 million adults will maintain the extra savings they built up during the COVID-19, new findings from The Openwork Partnership have indicated
Posted: 07/12/2021
The pandemic has driven a rise in customers looking for bridging products, according to new research from Masthaven Bank
Posted: 07/12/2021
Spending patterns among consumers continued to recover in the third quarter but still remain below pre-COVID trends, according to UK Finance’s latest Household Finance Review
Posted: 06/12/2021
Around a fifth (19%) of SME leaders are worried that their employees’ productivity has fallen over the past 18 months, new research from Canada Life has suggested
Posted: 01/12/2021
The 100 most active conveyancing firms across England and Wales collectively registered almost 80,000 completed transactions in the third quarter this year, new figures have revealed
Posted: 30/11/2021
The COVID-19 pandemic has affected the retirement plans of more than half (54%) of UK adults, according to new a study by Aviva
Posted: 24/11/2021
Sixty-four per cent of equity release customers consult their family before moving ahead with accessing the wealth in their property, according to new research carried out by Key
Posted: 23/11/2021
The value of transactions taking place via Buy Now Pay Later (BNPL) platforms has climbed 65% during the pandemic, hitting £6.4bn in 2020 alone, new figures have revealed
Posted: 18/11/2021
Only 7% of people currently have an income protection product in place, a new report from the Association of Mortgage Intermediaries (AMI) has revealed
Posted: 17/11/2021
The level of fraud in the benefit system has almost doubled during the pandemic from what was already the highest rate since records began, new figures have revealed
Posted: 17/11/2021
Just 55% of UK adults would split their wealth equally among their children, according to a new study carried out by Charles Stanley
Posted: 17/11/2021
The government has announced proposals that would let families seeking access to small funds belonging to loved ones who lack mental capacity to benefit from a new streamlined process
Posted: 16/11/2021
The Treasury and the Bank of England (BoE) have announced they are to explore the possibility of a UK central bank digital currency
Posted: 12/11/2021
An estimated £740.5bn of equity was available to UK homeowners over the age of 55 during the third quarter, new analysis from Canada Life has revealed
Posted: 10/11/2021
Under-25s are more likely to turn to social media for financial advice than pay a professional adviser, according to new research published by OpenMoney
Posted: 08/11/2021
New business conducted in the consumer finance sector grew by 1% in September compared with the same month in 2020
Posted: 05/11/2021
The affordable advice gap, where people are willing to pay for financial advice but think it is too expensive, is currently at a record level, new research has found
Posted: 05/11/2021
The Bank of England (BoE) has announced it is to keep the base interest rate at 0.1%
Posted: 04/11/2021
Around seven in 10 people (69%) have used some form of credit to pay for one or more insurance policies over the past year, new research from Premium Credit has found
Posted: 04/11/2021
Over three quarters (76%) of financial advisers believe consumers have a limited understanding of the later life market, new research from Air Mortgage Club has indicated
Posted: 03/11/2021
Using equity release to pay off an existing mortgage continues to be the most popular use of funds among customers with 46% of loans used for this purpose, new Canada Life research has revealed
Posted: 02/11/2021
HSBC’s profits rose by 74% in Q3 due to economic stability
Posted: 25/10/2021
Atom Bank has completed its fourth residential mortgage-backed securitisation (RMBS) valued at £367m
Posted: 22/10/2021
More than one in 10 people (12%) over the age of 75, a figure equating to around 695,000 people, have not yet made a will, new research has found
Posted: 19/10/2021
One in ten (10%) UK parents over 55 are no longer planning to pass on wealth to their children after realising how much their cost of care in the future could be, new research from Killik & Co has found
Posted: 18/10/2021
The national roll-out of the new £100 spending limit for contactless card payments will begin across the UK today
Posted: 15/10/2021
Lenders have reported that the availability of secured credit to households increased in the three months to the end of August, findings from the Bank of England (BoE) have revealed
Posted: 14/10/2021
The UK GDP is estimated to have grown by 0.4% in August but still remains 0.8% below its pre-pandemic level from February 2020, new figures published by the Office for National (ONS) have revealed
Posted: 13/10/2021
One in five landlords have used a credit card or other short-term finance product in order to fund a recent refurbishment, new research by Shawbrook Bank has revealed
Posted: 12/10/2021
South West England, the South East and London account for almost half (46%) of all equity release cases, new research published by more2life has revealed
Posted: 11/10/2021
New business conducted across the consumer finance grew by 13% in August compared to the same month last year, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 11/10/2021
Over one in five (23%) people in the UK feel financially worse off than when the pandemic began, with two in three (68%) suggesting it has negatively impacted their mental health, new research has found
Posted: 08/10/2021
A private renter on an average income is spending 23% of their income on the average rented home in England, according to new data published by the Office for National Statistics
Posted: 06/10/2021
Parents saving for their children in junior cash ISAs have missed out on up to £13.5bn in potential returns over the past decade, a new study has found
Posted: 06/10/2021
The ‘Bank of Gran and Grandad’ has gifted more than £437.3m during the stamp duty holiday, new research published by Key has found
Posted: 29/09/2021
Forty-four per cent of currently furloughed adults have borrowed or considered borrowing money on credit cards throughout the pandemic, according to a new Canada Life study
Posted: 28/09/2021
One in eight (12%) adults around the UK are now valuing professional financial advice more, a new study by The Openwork Partnership has found
Posted: 28/09/2021
Almost half (48%) of regulated firms in the UK have reported a rise in financial crime attempts over the past 12 months, according to new research by SmartSearch
Posted: 28/09/2021
Confusion over the destiny of family wealth is currently being driven by “money taboos”, according to Netwealth
Posted: 27/09/2021
Around 2.6 million UK adults have been scammed online since the first COVID-19 lockdown in March 2020, a study by the Chartered Trading Standards Institute (CTSI) revealed
Posted: 24/09/2021
Almost half (46%) of currently furloughed workers have changed their retirement plans since the government scheme was launched, new research from Canada Life has revealed
Posted: 23/09/2021
More than four in five adults (81%) would say the quality of the online experience determines who they bank with, according to new research into post-pandemic digital banking trends from MagiClick
Posted: 22/09/2021
A total £753.9m was stolen through fraud in the first half of 2021, an increase of 30% compared to the same period last year, according to new UK Finance figures
Posted: 22/09/2021
Debit and credit card transactions made up more than four in every five pounds spent in 2020, according to new data published by the British Retail Consortium (BRC)
Posted: 21/09/2021
Recognise Bank has announced the removal of deposit restrictions by the Prudential Regulation Authority (PRA), making it one of only a handful of banks to receive full authorisation without restrictions since the start of the pandemic
Posted: 20/09/2021
The Liberal Democrats have accused Home Secretary, Priti Patel, of being “asleep at the wheel” in the fight against fraud
Posted: 20/09/2021
The average savings balance now stands at a record £12,077 as UK bank balances have continued to grow throughout the pandemic
Posted: 20/09/2021
The percentage of credit card accounts missing payments increased by 3.2% in July, according to FICO’s latest UK Credit Market Report
Posted: 17/09/2021
Almost one in five landlords (17%) have experienced rental arrears as a result of the pandemic, a study by Sequre Property Investment has found
Posted: 16/09/2021
A total 1.8 billion debit and credit card transactions were made in the UK during June, a rise of 42.4% compared to June 2020
Posted: 16/09/2021
The pandemic has created a surge in over-50s seeking professional financial advice, according to new research from Scottish Widows
Posted: 15/09/2021
Over-50s workers in the UK could have a collective £5.3bn hole in their pension pots due to cutbacks on retirement savings over the course of the pandemic, new research from Legal & General Retail Retirement (LGRR) has revealed
Posted: 15/09/2021
Around £246.5bn is currently sitting in UK savings accounts paying no interest at all, according to new findings from Hargreaves Lansdown
Posted: 14/09/2021
The number of impersonation scam cases has more than doubled in the first half of 2021 to 33,115, new figures from UK Finance have revealed
Posted: 13/09/2021
The number of workers delaying retirement due to the impact of the pandemic has increased to 29%, according to new research published by Fidelity International
Posted: 13/09/2021
UK GDP growth is estimated to have slowed to 0.1% in July, new data published by the Office for National Statistics (ONS) has revealed
Posted: 10/09/2021
Gross lending to UK SMEs fell to £5.2bn in the second quarter, down from £7.6bn in Q1 2021, new figures published by UK Finance have revealed
Posted: 09/09/2021
New business across the consumer finance sector grew by 2% in July compared with the same month in 2020, according to new figures published by the Finance & Leasing Association (FLA)
Posted: 09/09/2021
Plans for a new UK-wide No Interest Loan Scheme (NILS) pilot have been announced by a group of non-profit organisations
Posted: 08/09/2021
More than 11.6 million people in the UK have received an inheritance in the past 10 years, new findings from Key have revealed
Posted: 08/09/2021
The majority of self-employed people in the UK have received no government support to help them through the pandemic, according to research from The Mortgage Lender (TML)
Posted: 07/09/2021
More than £32m of fraud has been prevented by the finance industry and the police through the Banking Protocol scheme in the first half of 2021, new UK Finance figures have revealed
Posted: 07/09/2021
Almost half (46%) of retirees across the UK don’t have enough money in emergency savings, according to new research by Focaldata
Posted: 06/09/2021
There is an estimated £50m worth of loose change currently sitting in UK homes, according to new figures from UK Finance
Posted: 03/09/2021
The Bank of England (BoE) has announced the appointment of Huw Pill as chief economist and executive director for monetary analysis
Posted: 01/09/2021
Consumers are currently facing a £371bn savings shortfall when it comes to feeling able to withstand a financial shock, a new report from Yorkshire Building Society has revealed
Posted: 31/08/2021
Almost eight in 10 (78%) UK SMEs are either “confident” or “very confident” their business will experience a boost in trade over the next three months now that most pandemic restrictions have eased, a new study from Recognise Bank has found
Posted: 31/08/2021
The contactless card limit is set to increase to £100 from 15 October
Posted: 27/08/2021
Bank account fraud has reached its highest level for more than three years, new research from Experian has found
Posted: 25/08/2021
Thirty per cent of the UK, equivalent to 15.9 million people, are now feeling more financially vulnerable than they did in March 2020, according to new research from Royal London
Posted: 24/08/2021
PayPal is launching a new service that will enable its UK customers to buy, hold and sell cryptocurrency.
The service, which starts rolling out this week, will allow customers to choose from four types of cryptocurrencies – Bitcoin, Ethereum, Litecoin and Bitcoin Cash – and marks the first international expansion of PayPal’s cryptocurrency offering outside of the US
Posted: 23/08/2021
Around four out of five (78%) financial advisers are now asking their retirement clients in the fact find stage about what gives them “meaning, purpose and happiness”, according to research from Aegon
Posted: 19/08/2021
A majority 93% of financial advisers feel confident they can deliver the flexibility into retirement that their clients need, a new study from Canada Life has found
Posted: 19/08/2021
Child savers holding cash have lost over £1.2bn in returns relative to those offered by investments since the introduction of Junior ISAs (JISAs) in 2011, new analysis by Quilter has revealed
Posted: 17/08/2021
Almost half (46%) of people who have received or are expecting an inheritance leave it in a current or savings account, a study from Hargreaves Lansdown has found
Posted: 16/08/2021
Three in four financial advisers (76%) are feeling optimistic about the future, according to a new study from SimplyBiz
Posted: 16/08/2021
SmartSearch has called on UK firms to scrap manual ID checks after the anti-money laundering (AML) specialist announced the launch of a new campaign to raise awareness about outdated methods of identity verification for regulated businesses
Posted: 12/08/2021
Almost £730bn of equity was available for release in UK homes during the second quarter, the first time it has exceeded this milestone
Posted: 11/08/2021
Thirty-eight per cent of adults in the UK have been targeted by financial scammers in the past year, according to new findings from The OpenWork Partnership
Posted: 10/08/2021
The Bank of England (BoE) has confirmed it is to still keep the base interest rate at 0.1%
Posted: 05/08/2021
People with a financial adviser are four times more likely than those without one to have high levels of financial wellbeing, a new study from Aegon has found
Posted: 04/08/2021
Over half (55%) of employees would say the pandemic has made them more aware of the importance of saving for the future, a study from Cushon has found
Posted: 04/08/2021
New business conducted across the consumer finance space grew by 28% in June compared to the same month in 2020, to total £8.12bn
Posted: 03/08/2021
Forty-six per cent of landlords have reduced monthly rent payments for their tenants because of the COVID-19 pandemic, according to a new study from Shawbrook Bank
Posted: 03/08/2021
HSBC’s profits have more than doubled in the first half of the year as economies come out of their defensive hiding places
Posted: 02/08/2021
Over-55 homeowners unlocked £1.17bn of property wealth during the second quarter of the year, according to new statistics published by the Equity Release Council
Posted: 29/07/2021
The last six months have seen 14% of UK adults repay debts totalling £2.4bn a month, according to new research published by LifeSearch
Posted: 28/07/2021
Around 15.6 million people across the UK are delaying buying homes, getting married and changing careers due to poor credit ratings, according to a study from Tymit
Posted: 28/07/2021
Nearly one in three people (32%) will retire in debt this year with an average £20,650 to pay off, new research from Key has revealed
Posted: 28/07/2021
West One Loans has recorded a strong performance from its bridging product and industry-leading turnaround times, after the lender published its short-term lending results for the first half of 2021
Posted: 27/07/2021
Fraud convictions in England and Wales secured under the Fraud Act 2006 have slumped to their lowest level since 2007, according to new data analysed by Quilter
Posted: 26/07/2021
UK over-55s are expected to borrow £10bn more in 2021 as consumer confidence returns to the economy, according to new research from equity release lender, more2life, and economics consultancy, Cebr
Posted: 20/07/2021
Rising house prices are building up the average homeowner’s wealth more quickly than strong share gains, according to new analysis by HUB Financial Solutions
Posted: 19/07/2021
Outstanding balances on UK credit card accounts contracted by 11.6% over the 12 months to April as a result of repayments outstripping new borrowing in the year, new UK Finance figures have revealed
Posted: 16/07/2021
Banks and building societies have reported that the availability of secured credit to households increased in the three months to the end of May, new data from the Bank of England (BoE) has revealed
Posted: 15/07/2021
Inflation in the UK has increased by 2.5% in a year, new data published by the Office for National Statistics (ONS) has revealed
Posted: 14/07/2021
A record £180m worth of cryptocurrency linked to international money laundering has been seized by the Met Police in London
Posted: 13/07/2021
Lifetime ISA (LISA) early withdrawal charges have more than tripled in a year from £10m in 2019/20, to £33m in the 2020/21 tax year, according to data from Quilter
Posted: 12/07/2021
More than £32.6bn of property wealth has been released from UK properties over the last 20 years, new data from Key has revealed
Posted: 07/07/2021
Businesses across the UK have benefitted from 1,670,939 government-guaranteed loans worth £79.3bn, new government statistics have revealed
Posted: 06/07/2021
UK Finance has announced four new appointments to its Board
Posted: 02/07/2021
Over three quarters (77%) of UK homeowners over the age of 40 are confident about their current financial situation despite the pandemic’s impact on personal finances, according to new research from Canada Life
Posted: 01/07/2021
Banks' increasing dependence on 'RegTech' technology to automate fraud checks and send data to regulators may need common rules to encourage wider use, the European Union's banking watchdog has said
Posted: 30/06/2021
The Bank of England (BoE) has announced it is again keeping its base bank rate at 0.1%
Posted: 24/06/2021
Older homeowners have gifted nearly £1m a day during the stamp duty holiday, according to new data from Key
Posted: 23/06/2021
Outstanding balances on credit card accounts have contracted by 18.5% over the 12 months to March, as a result of repayments outstripping new borrowing in the year, new figures from UK Finance have revealed
Posted: 23/06/2021
Over a tenth (12%) of UK homeowners over the age of 40 would consider releasing equity from their property to supplement retirement income, according to new research published by Canada Life
Posted: 22/06/2021
Household finances have shown continued signs of improvement in the second quarter of 2021, despite the extension of some lockdown measures across the UK
Posted: 21/06/2021
The number of over-50s customers seeking equity release to undertake home improvements has surged so far this year, increasing by 134% compared to the same period last year, according to data from Legal & General Financial Advice
Posted: 21/06/2021
Seventy-two per cent of easy access balances, totalling £412.4bn, are earning a rate of 0.1% or less, according to CACI data analysed by Paragon Bank
Posted: 18/06/2021
An estimated 2.3 million adults now hold cryptoassets in the UK, new research published by the FCA has revealed
Posted: 17/06/2021
Bluestone Mortgages has reported that the number of cases it received from individual female applicants between October 2020 and March 2021 increased by 38% year-on-year
Posted: 16/06/2021
A total £75bn was invested into 13 million ISAs during the 2019/20 tax year, representing an average investment of £5,740, new HMRC figures have revealed
Posted: 14/06/2021
The UK GDP is estimated to have grown by 2.3% in April, new figures published by the Office for National Statistics (ONS) have revealed
Posted: 11/06/2021
Three in four (76%) UK consumers have been targeted by fraud, according to new findings from TransUnion
Posted: 10/06/2021
Consumer spending increased by 7.6% in May compared to the same period in 2019, as the further lifting of lockdown restrictions encouraged more spending across the UK
Posted: 08/06/2021
New business conducted across consumer finance jumped by 147% in April compared with the same month last year, according to new figures published by the Finance & Leasing Association (FLA)
Posted: 07/06/2021
Almost half (49%) of people between the ages of 16 and 24 are unaware that credit scores are used to check credit card eligibility, according to a new study
Posted: 07/06/2021
Forty-eight per cent of people are unaware of ‘safe account’ scams and wouldn’t be able to identify one, a recent survey by KIS Finance has found
Posted: 04/06/2021
Eighty-one per cent of financial advisers are expecting their level of net assets under management (AUM) to increase over the next 12 months, according to new research from Quilter Financial Planning
Posted: 03/06/2021
People with prior credit blips have suffered greater financial upheaval than the general population as a result of the pandemic, a study by Pepper Money has found
Posted: 02/06/2021
Financial advisers estimate that around one in eight clients have suffered financial damage during the COVID-19 pandemic, new research from The Openwork Partnership has revealed
Posted: 02/06/2021
People’s likelihood of securing credit has jumped ahead of pre-pandemic levels, according to research from Experian
Posted: 28/05/2021
Just over a quarter (27%) of UK adults have indicated that the pandemic has prompted them to seek financial advice, according to new research from MetLife UK
Posted: 27/05/2021
More than £63m has been lost nationally by victims of investment fraud who referred to a social media platform in their report to Action Fraud, new figures have revealed
Posted: 26/05/2021
The average expected retirement income of those who are planning to finish full-time work has grown by £1,000 in 12 months, despite the impact of the coronavirus pandemic, new research from Key has revealed
Posted: 26/05/2021
New bridging applications totalled £7.49bn in the first quarter of the year, new statistics published by the Association of Short-Term Lenders (ASTL) have revealed
Posted: 25/05/2021
Inflation has jumped to 1.5% in the year to April, having climbed from 0.7% a month earlier, new figures published by the Office for National Statistics (ONS) have revealed
Posted: 19/05/2021
The total amount of ground rents paid on an annual basis across England could sit as high as £1.44bn, according to estimations from StripeHomes
Posted: 18/05/2021
The average spend on UK credit cards in March was 9% lower than it was in the same month last year, data published by FICO has revealed
Posted: 18/05/2021
Rising house prices have helped older homeowners to release more than £1bn in property wealth during the first three months of the year, new data from Key has revealed
Posted: 17/05/2021
Seven in 10 (70%) authorised push payment (APP) scam cases originate on an online platform, according to new research from UK Finance
Posted: 14/05/2021
The Digital Secretary, Oliver Dowden, has confirmed that the government’s Online Safety Bill is to include financial scams
Posted: 13/05/2021
A quarter of 45-54-year olds would say that their total amount of debt has increased over the past 12 months, according to new research from Aviva
Posted: 12/05/2021
The UK GDP fell by 1.5% in the first quarter of 2021, new figures from the Office for National Statistics (ONS) have revealed
Posted: 12/05/2021
Forty-three per cent of parents have admitted they never discuss later life planning with their children, according to new research from Schroders Personal Wealth (SPW)
Posted: 11/05/2021
Rachel Reeves has been appointed as the new Shadow Chancellor as part of a raft of changes to the Labour Party’s Shadow Cabinet
Posted: 10/05/2021
A growing number of the intermediary sector has revealed their overall level of mental wellbeing is of “concern”, new findings from Crystal Specialist Finance (CSF) have revealed
Posted: 10/05/2021
Equity available for release in UK homes exceeded the £650bn mark for the first time in the first quarter of 2021, new analysis from Canada Life has revealed
Posted: 10/05/2021
A coalition of 17 organisations has written a joint letter to the Home Secretary and Digital Secretary urging the government to include online scams in its proposed Online Safety Bill
Posted: 07/05/2021
The Bank of England (BoE) has confirmed that its base interest rate is to remain at 0.1%
Posted: 06/05/2021
People struggling with debt problems will be supported through a new debt respite scheme that has been launched by the Treasury today
Posted: 04/05/2021
UK Finance has called for cross-sector collaboration to stop authorised push payment (APP) scams, after announcing a change to the process of reimbursing ‘no blame’ cases under the voluntary industry code
Posted: 30/04/2021
HMRC is set to start collecting data on cryptocurrency holdings from taxpayers it suspects of tax evasion and avoidance, according to UHY Hacker Young
Posted: 29/04/2021
Seventy-two per cent of UK savers would say they are “not confident enough” to try investing their money, new research from Wealthify has revealed
Posted: 28/04/2021
More than a quarter of UK adults (26%) have been prompted into action or consideration on their will since the first UK lockdown, new research from Canada Life has revealed
Posted: 22/04/2021
The average easy access balance has continued its upward trajectory during lockdown and exceeded a record £11,000, according to analysis by Paragon Bank
Posted: 22/04/2021
Eighty-one per cent of industry figures across the financial services sector believe the concept of digital ID would improve the effectiveness of financial crime prevention, a new study has found
Posted: 21/04/2021
The average spend on credit cards fell by £33 to £547 in February, with sales 16% lower than a year ago, new figures from FICO have indicated
Posted: 21/04/2021
Outstanding balances on credit card accounts have contracted by 20.7% over the 12 months to January, according to new figures published by UK Finance
Posted: 20/04/2021
Over-65s have seen their property wealth increase by more than £561 a month, according to the latest Pensioner Property Index from Key
Posted: 19/04/2021
Quilter has written to the Prime Minister and the Minister for Digital and Culture calling on the government to include scams and other financial harms within scope of the forthcoming Online Safety Bill
Posted: 15/04/2021
Lenders have reported that the availability of secured credit to households increased in the three months to the end of February, according to the latest Bank of England (BoE) Credit Conditions Survey
Posted: 15/04/2021
Action must be accelerated to encourage greater gender diversity in the adviser community and help support female clients, senior industry figures have argued
Posted: 12/04/2021
The total value of consumer finance new business fell by 26% in February compared with the same month in 2020, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 09/04/2021
The government has launched a new scheme to support UK businesses with access to finance as they recover from the coronavirus pandemic
Posted: 06/04/2021
Thousands of people are being incorrectly penalised for buy now, pay later (BNPL) debts as a direct result of errors by retailers and credit companies, new research from Resolver has revealed
Posted: 01/04/2021
Bridging lenders are positive about the outlook for their businesses, the bridging market and the long-term outlook for the UK economy, according to research from the Association of Short Term Lenders (ASTL)
Posted: 30/03/2021
UK Finance has called for new legislation to make online platforms responsible for taking down fraudulent content and better protect consumers from financial fraud
Posted: 26/03/2021
The coronavirus pandemic has created a wealth divide in the UK, according to new findings from TransUnion
Posted: 26/03/2021
Thirty-one per cent of credit card holders have been unable to repay their balance in full each month since the pandemic began, according to new research from comparethemarket.com
Posted: 25/03/2021
Outstanding balances on credit card accounts fell by 16.8% in the 12 months to December 2020, new figures published by UK Finance have revealed
Posted: 25/03/2021
Over-55s used housing equity to clear more than £612m of unsecured debt in 2020, according to new data published by Key
Posted: 24/03/2021
Forty-six per cent of the UK public have never checked their credit report, a figure which rises to 65% among 18 to 24-year-olds, new findings from Experian have revealed
Posted: 23/03/2021
Less than half of UK adults make full use of the annual tax-free ISA allowance, a survey from Sanlam has revealed
Posted: 22/03/2021
Shawbrook Bank has provided a revolving credit facility to Chelmsford-based lending institution, 4Syte Structured Finance, to support the growth of its secured SME loan portfolio
Posted: 22/03/2021
HMRC has announced further IT delays to the upgrading of the Trust Registration Service (TRS)
Posted: 22/03/2021
Smart Money has reported a surge of broker enquiries for clients who want to better manage their family budgets, in response to the financial impact on families and individuals caused by COVID-19
Posted: 22/03/2021
The Bank of England (BoE) has announced it is keeping the base interest rate at 0.1%
Posted: 18/03/2021
The coronavirus pandemic has resulted in a marked change in how customers are using the equity released from their homes, according to new analysis by Canada Life
Posted: 18/03/2021
Two in five (41%) people over the age of 50 who are yet to retire have suggested the coronavirus pandemic has had an impact on their retirement plans, according to new findings from Legal & General Retail Retirement
Posted: 17/03/2021
More than half of adults in the UK would say the financial crisis caused by COVID-19 has prompted them to seek advice from a financial adviser, according to a new study
Posted: 15/03/2021
Cash ISA savers will earn just £47.85 of interest in 2021, generating tax relief of £9.57, new research from Janus Henderson Investment Trusts has revealed
Posted: 15/03/2021
The UK’s GDP fell by 2.9% in January as lockdown restrictions continued to reduce economic activity, new figures published by the Office for National Statistics (ONS) have revealed
Posted: 12/03/2021
Aspen Bridging has announced the completion of a 10-day bridging loan to rescue the purchase of four apartments
Posted: 10/03/2021
Record levels of smaller businesses sought external financial support in 2020, according to a new report published by the British Business Bank
Posted: 10/03/2021
More than £293bn is currently earmarked by parents and grandparents to pass down to younger generations, according to research from The Openwork Partnership
Posted: 10/03/2021
Second charge lending totalled £69.6m in February, a 14.4% increase compared to January, new figures from the latest Secured Loan Index by Loans Warehouse have revealed
Posted: 10/03/2021
Shawbrook Bank has launched a new strategic relationship with alternative SME credit fintech, Caple
Posted: 09/03/2021
The FCA has confirmed changes to its rules to allow for an increase in the single transaction contactless payment threshold from £45 to £100
Posted: 04/03/2021
The lack of attention given to the Lifetime ISA penalty in Rishi Sunak’s Budget has been criticised by personal finance experts
Posted: 03/03/2021
Two-thirds (67%) of people whose parents have a financial adviser also use the same adviser, according to new findings from Prudential UK
Posted: 01/03/2021
Staff working in bank, building society and post office branches stopped £45.3m of fraud through the Banking Protocol in 2020, according to new figures from UK Finance
Posted: 01/03/2021
Air Group has released its second half-year equity release provider ‘Temperature Check’ report, which focuses on a number of key service measures, as experienced by advisers
Posted: 26/02/2021
Older homeowners gifted an average £42,500 to younger relatives to help them get on or move up the property ladder in 2020, new data published by Key has revealed
Posted: 25/02/2021
One in four investors have switched financial services providers due to poor service that they have received during the coronavirus pandemic, according to new research by Market Financial Solutions (MFS)
Posted: 24/02/2021
Outstanding balances on credit card accounts fell by 15.7% in the year to November 2020, the fourth successive month in which repayments outstripped borrowing, new UK Finance figures have revealed
Posted: 24/02/2021
A specialist police unit funded by the banking and finance industry prevented almost £20m of fraud in 2020
Posted: 23/02/2021
SmartSearch has called on lenders, brokers and conveyancers to learn from the government’s failure to prevent the loss of billions of pounds in COVID-related fraud over the past 12 months
Posted: 23/02/2021
Promoting global trade in financial services is vital to the UK’s economic recovery from the coronavirus crisis, according to UK Finance
Posted: 22/02/2021
Keir Starmer yesterday called on the government to give people in the UK “a stake in the national recovery” with new proposals aimed at supporting savers
Posted: 19/02/2021
Government borrowing reached £8.8bn in January, the highest January borrowing total since monthly records began in 1993, according to new figures published by the Office for National Statistics (ONS)
Posted: 19/02/2021
The total amount of bridging completions across the market decreased to £2.88bn in 2020, a 27.9% fall from the £3.99bn recorded in 2019, according to new figures from the Association of Short-Term Lenders (ASTL)
Posted: 15/02/2021
One in 10 adults in the UK has been targeted or knows someone else who has been a targeted by a coronavirus vaccination scam, according to new research from Canada Life
Posted: 12/02/2021
The UK’s GDP contracted by 9.9% in 2020, the largest annual fall in the country’s GDP on record, new data published by the Office for National Statistics (ONS) has revealed
Posted: 12/02/2021
Targeted support will be needed in the coming Budget to ensure businesses can drive the UK’s economic recovery, according to a report from the Resolution Foundation
Posted: 11/02/2021
The average easy access non-ISA balance has risen by 10% year-on-year, as the easy access market continues its upward trajectory
Posted: 11/02/2021
There was a 20% increase in bank transfer romance fraud between January and November in 2020 compared to the previous year, new data from UK Finance has revealed
Posted: 10/02/2021
Second charge lending totalled £60.8m in January, falling from the £104m lent in January 2020, according to the latest Secured Loan Index from Loans Warehouse
Posted: 10/02/2021
Fifty-five per cent of parents are planning to financially gift to their children or grandchildren in the coming years, according to new research by Rathbone Investment Management
Posted: 08/02/2021
The Bank of England (BoE) has confirmed that it will maintain the base interest rate at 0.1%
Posted: 04/02/2021
More than £600bn of equity was available for equity release in UK homes during the fourth quarter of 2020, according to analysis from Canada Life
Posted: 04/02/2021
A “shift in client profiles” has presented an opportunity for financial advisers to help emerging groups of retirees, according to Canada Life
Posted: 03/02/2021
Cushon has announced it is supporting calls for a permanent reduction of the Lifetime ISA (LISA) withdrawal charge, which is due to increase in April 2021
Posted: 03/02/2021
A total £70.7bn has been provided by lenders to more than 1.5 million businesses through coronavirus loan schemes, new Treasury figures have revealed
Posted: 29/01/2021
A total £3.89bn in property wealth was unlocked over the course of 2020, new statistics published by the Equity Release Council (ERC) have revealed
Posted: 28/01/2021
Around 1.5 million people currently excluded from claiming support through the Self-Employment Income Support Scheme (SEISS) could “easily” be supported by the government at a modest cost, according to findings from the Institute for Fiscal Studies (IFS)
Posted: 27/01/2021
The FCA has issued a warning to the public after reporting over £78m was stolen in ‘clone firm’ investment scams during 2020
Posted: 27/01/2021
Women are less likely to have experienced a financial scam than men, according to research from interactive investor
Posted: 26/01/2021
The UK unemployment rate hit 5% between September and November 2020, according to new data published by the Office for National Statistics (ONS)
Posted: 26/01/2021
Seventy-two per cent of easy access balances in the UK are earning a rate of 0.1% or less, research from Paragon Bank has revealed
Posted: 22/01/2021
A “pandemic paradox” is at the heart of personal finances in the UK, according to AJ Bell
Posted: 21/01/2021
Older homeowners released more than £3.4bn in property wealth last year, according to new data published by Key
Posted: 21/01/2021
Eighty-six per cent of financial advisers have indicated they would recommend their profession to a friend who had been made redundant due to COVID-19
Posted: 19/01/2021
Spending on debit and credit cards fell in October compared to the previous month as tougher COVID-19 measures were introduced across the country, new UK Finance data has revealed
Posted: 19/01/2021
AJ Bell has urged the government to make its Lifetime ISA exit charge reduction permanent
Posted: 18/01/2021
The UK’s GDP fell by 2.6% in November as the government’s lockdown restrictions reduced economic activity, new data from the Office for National Statistics (ONS) has revealed
Posted: 15/01/2021
Sixty-eight per cent of credit card holders do not know what an Annual Percentage Rate (APR) is, research from KIS Finance has found
Posted: 12/01/2021
A consistent policy for the repayment or recovery of Business Bounce Back Loans (BBLs) could return £6bn to the Exchequer, according to the Credit Services Association (CSA)
Posted: 08/01/2021
Gross lending to SMEs in the first three quarters of 2020 reached £54bn and amounted to more than double the annual total for 2019, new UK Finance data has revealed
Posted: 07/01/2021
One in three adults under the age of 40 are saving to buy their first home and get a foot on the property ladder, but research from Cushon has found that less than half (44.1%) are taking advantage of top up bonuses offered by the government
Posted: 07/01/2021
Over half (58%) of introducers believe the equity release referral market is set for continuing expansion over the next three to five years, according to new research published by Key Partnerships
Posted: 06/01/2021
Thirty-nine per cent of UK adults are concerned about maintaining their current credit arrangements, according to new findings from Shawbrook Bank’s personal loan division
Posted: 05/01/2021
Rishi Sunak has announced that £4.6bn in new lockdown grants will be made available to UK businesses
Posted: 05/01/2021
The wealthiest 1% of UK households has almost £800bn more wealth than official statistics show, according to new research by Resolution Foundation
Posted: 04/01/2021
A new “credit squeeze and funding gap” could affect UK businesses in 2021, as firms move from survival to recovery over the next 12 months, a report from Rangewell has warned
Posted: 04/01/2021
Financial advisers have revealed the greatest operational challenge they face to their profitability in 2021 will be having fewer new clients approaching them this year
Posted: 04/01/2021
The Bank of England (BoE) has left the base rate unchanged at 0.1%
Posted: 17/12/2020
The proportion of contactless payments continued to increase in September to reach its highest recorded level, accounting for 64% of all debit card transactions, compared to 62% in August
Posted: 16/12/2020
The UK banking system remains “resilient” to a wide range of possible economic outcomes, according to a report from the Financial Policy Committee (FPC) at the Bank of England (BoE)
Posted: 11/12/2020
The equity release referrals market has remained “robust” despite the impact of coronavirus, recording just a 1% year-on-year fall in the number of new introducers signing up each month, according to analysis by Key Group
Posted: 11/12/2020
Seventy-eight per cent of adults in the UK do not have an ISA and are potentially missing out on £20,000 in tax free savings every year, according to analysis by Cushon
Posted: 10/12/2020
A group of seven signatories to the voluntary Authorised Push Payment (APP) Contingent Reimbursement Code have agreed to extend the interim funding to compensate eligible victims of APP scams
Posted: 09/12/2020
Market Financial Solutions (MFS) has announced it recorded £45m worth of bridging loans during the second national lockdown
Posted: 08/12/2020
The total volume of secured lending reached £80m during November, a £9m increase on October, according to the latest Secured Loan Index by Secured Loan Broker and Loans Warehouse
Posted: 08/12/2020
In the first three quarters of 2020, older homeowners used their property wealth to gift £530m to family and friends, new analysis from Key has revealed
Posted: 04/12/2020
While the UK economy has now recovered some of the lost output from the Q2 lockdown, many households are still feeling the major financial and social disruptions caused by the pandemic, according to UK Finance
Posted: 04/12/2020
The balance of easy access accounts earning a rate of 0.1% or less has almost tripled since January, according to new analysis by Paragon Bank, with 56% of easy access balances now earning a low rate
Posted: 03/12/2020
Bridging applications climbed to their highest ever level in the third quarter of 2020, new figures have revealed
Posted: 01/12/2020
More SMEs are increasingly looking ahead to the future, according to the latest SME Finance Monitor published by BVA BDRC
Posted: 01/12/2020
Fiduciam has announced that it has completed more than £22m of loans to house builders under the Coronavirus Business Interruption Loan Scheme (CBILS) in the past month
Posted: 01/12/2020
Around £115bn is currently sitting in cash ISAs where the rate of return is unknown, according to new research from Quilter
Posted: 30/11/2020
The Chancellor unveiled the government’s spending plans for the coming year in the House of Commons today
Posted: 25/11/2020
Eighty-four per cent of equity release advisers believe recognising vulnerable clients is one of their biggest priorities, according to a new study by more2life, although just 12% believe it is easy to identify these clients
Posted: 20/11/2020
There have been 367,520 reports of phishing email attacks during 2020, according to HMRC, with figures indicating a sharp rise in incidents after the UK went into its first lockdown in March
Posted: 19/11/2020
Optimum Commercial has announced the addition of Roma Finance to its new Optimum Elite panel
Posted: 19/11/2020
Almost four out of 10 financial advisers have reported a fall in the number of new clients trying to engage their services since the beginning of the coronavirus pandemic
Posted: 18/11/2020
The third quarter saw £884m of property wealth released from homes as the equity release market returned to “more normal” trading conditions, according to new data from Key
Posted: 18/11/2020
The number of contactless debit card payments reached their highest level in August, accounting for 62% of all debit card transactions, new data published by UK Finance has revealed
Posted: 17/11/2020
Fifty-one per cent of UK adults would consider the housing crisis to be one of the main issues facing the UK, according to new research by Market Financial Solutions (MFS)
Posted: 16/11/2020
More than half (52%) of IFAs have seen a marked increase in out of hours contact with clients in the wake of COVID-19, according to new research from Charles Stanley
Posted: 16/11/2020
People who take financial advice are better off in retirement by an average £47,000 than people who don’t take advice, a new report has found
Posted: 16/11/2020
Thirty per cent of people over the age of 60 have never taken financial advice, a new study from Kreston Reeves has revealed
Posted: 12/11/2020
UK gross domestic product (GDP) is estimated to have grown by a record 15.5% during the third quarter of 2020 as lockdown measures eased, the Office for National Statistics (ONS) has revealed
Posted: 12/11/2020
Seventy-six per cent of advisers have revealed that clients are more willing to discuss protection than before the pandemic, according to new findings from protection challenger, Guardian
Posted: 11/11/2020
Taxpayers face losing up to £26bn due to fraudulent applications to the government’s coronavirus loan schemes, as well as an inability to pay the money back
Posted: 10/11/2020
The UK unemployment rate hit 4.8% in the three months to September, according to new data published by the Office for National Statistics (ONS)
Posted: 10/11/2020
The value of ATM withdrawals in the UK during the second quarter of 2020 dropped to £22.09bn, according to new data from payments expert, Wallter
Posted: 10/11/2020
The government has announced that the Coronavirus Job Retention Scheme is being extended to the end of March 2021
Posted: 05/11/2020
An additional £150bn is being pumped into the UK economy by the Bank of England (BoE) as the country enters a second lockdown
Posted: 05/11/2020
Retiree renters and those in upper-middle age category are the fastest growing tenant groups in the private rented sector (PRS), according to new analysis from Paragon Bank
Posted: 04/11/2020
Thirty-four per cent of people planning to retire in 2020 are continuing to financially support their families with regular handouts amounting to over £3,700 per year, according to new research from Key
Posted: 04/11/2020
Forty-seven per cent of people who haven’t yet retired and experienced loneliness in lockdown are now reconsidering their later life plans, according to new research published by Audley Villages
Posted: 02/11/2020
There were 10,351 new equity release plans agreed during the third quarter, reflecting an increase of 41% as national lockdown conditions were eased, according to new data published by the Equity Release Council (ERC)
Posted: 29/10/2020
Advice firms are increasingly optimistic about the future of the financial advice industry, but remain worried about recruiting the next generation of advisers, according to new research by Openwork
Posted: 28/10/2020
Resolution Foundation has suggested the government’s £12.7bn Self-Employment Income Support Scheme (SEISS) has been “terribly targeted” at those in need
Posted: 27/10/2020
Loans Warehouse has predicted that the second charge lending market will experience a 100% growth in the final quarter of 2020
Posted: 19/10/2020
The British Business Bank has been commissioned by the government to convene an industry-wide working group on access to capital
Posted: 16/10/2020
Debit card spending in the UK reached a record high of £59.1bn during July this year, data published by UK Finance has revealed
Posted: 16/10/2020
A third (33%) of women over the age of 54 who have taken on debt in the last five years have done so to cover day-to-day expenses, according to new research from more2life
Posted: 15/10/2020
Fiduciam has revealed that it expects to receive at least another £200m of requests for Coronavirus Business Interruption Loan Scheme (CBILS) loans between now and the new scheme closure date of 30 November
Posted: 15/10/2020
COVID-19 has caused 51% of SME decision makers to change their business savings habits, according to new research from Aldermore bank
Posted: 13/10/2020
The UK GDP grew by 2.1% in August, new data published by the Office for National Statistics (ONS) has revealed
Posted: 09/10/2020
Thirty-eight per cent of over-55s would admit their homes need work to make them suitable for later life living, with the average bill for improvements averaging just over £8,000, according to new research from Key
Posted: 09/10/2020
AJ Bell has urged the government to consider handing a specific responsibility for tackling scams to a minister
Posted: 08/10/2020
A property empire worth £10m has been given up to the National Crime Agency (NCA) by a Leeds businessman suspected of being a major money launderer
Posted: 07/10/2020
UK Finance has announced the appointment of David Postings as its new chief executive
Posted: 07/10/2020
The government is facing a potential loss between £15bn and £26bn through businesses not being able to repay Bounce Back loans, as well as fraud resulting from the loan scheme
Posted: 07/10/2020
UK SMEs have written off £2.2bn in revenue because their customers have become insolvent during lockdown, according to research from Nimbla
Posted: 06/10/2020
Sixty-four per cent of financial advice business owners and wealth management chief executives do not trust the Financial Services Compensation Scheme (FSCS) to deliver fair outcomes for consumers or their firms, according to a new PIMFA study
Posted: 05/10/2020
Thirty-seven per cent of adults in the UK believe they have been targeted by a scam or fraud since lockdown started on 23 March, new research from AJ Bell has revealed
Posted: 28/09/2020
Ninety-eight per cent of financial intermediaries have indicated they believe it is important to keep up to date with developments on vulnerability agenda, according to new research from Just Group
Posted: 28/09/2020
Six in ten (62%) senior leaders within financial institutions have said they expect to maintain or grow their revenues over the next 12 months, according to new research from Lloyds Bank
Posted: 25/09/2020
More than 120 businesses have opted to become associate firms of the Personal Finance Society in just one month
Posted: 25/09/2020
Losses to unauthorised financial fraud fell by 8% in the first half of 2020 to £374.3m, new figures published by UK Finance have revealed
Posted: 24/09/2020
The Chancellor has announced the launch of the government’s Job Support Scheme as part of the next phase of coronavirus support measures for workers
Posted: 24/09/2020
Just three in 10 people (30%) could rely on their savings if they lost all sources of their income, according to a new study by Shepherds Friendly
Posted: 24/09/2020
The government is considering a “massive” package of measures to help the economy through the next phase of the coronavirus crisis, according to reports
Posted: 23/09/2020
Metro Bank has announced a new partnership with Enterprise Nation to provide a range of benefits to the bank’s business customers
Posted: 23/09/2020
Lenders have now supported more than 1.3 million businesses across the UK through government-backed coronavirus lending schemes, new Treasury figures have revealed
Posted: 22/09/2020
UK homeowners have been let down by their bank’s handling of COVID-19, according to new research by Butterfield Mortgages Limited (BML)
Posted: 21/09/2020
The first half of 2020 saw a 14% drop in customer activity across the equity release market from the same period last year, as well as a 15% drop in new plans agreed, new data from the Equity Release Council (ERC) has revealed
Posted: 21/09/2020
HSBC has allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, according to leaked secret files
Posted: 21/09/2020
No new 2p or £2 coins are to be produced for at least a decade, The Royal Mint has confirmed, following a slump in cash use as a result of the COVID-19 pandemic
Posted: 18/09/2020
Parents across the UK have withdrawn a total sum of £2.75bn from their children’s savings since the beginning of lockdown on 23 March, new research from Direct Line Life Insurance has revealed
Posted: 18/09/2020
The Bank of England (BoE) has announced that the UK base interest rate will remain at 0.1%
Posted: 17/09/2020
The British Business Bank has revealed that the stock of finance supported through its programmes was £8bn at the end of March, an increase of 21% from £6.6bn in March 2019
Posted: 16/09/2020
UK Finance has revealed that almost 15,000 impersonation scam cases were reported by its members between January and June 2020, an increase of 84% compared to the same period last year
Posted: 16/09/2020
Unemployment rising sharply before the start of the winding down of the Coronavirus Job Retention Scheme from August leaves the UK facing an “extremely challenging autumn”, according to the Resolution Foundation
Posted: 15/09/2020
Fear around financial scams has increased over the past three months with 36% of UK adults indicating that their worry levels have increased, new data from Canada Life has revealed
Posted: 15/09/2020
Professional financial advice helps to improve the emotional wellbeing of customers on top of the expected financial benefits, new research from Royal London has suggested
Posted: 14/09/2020
United Trust Bank has appointed Mark Stokes, former managing director - commercial banking, Metro Bank, to the newly created role of chief commercial officer
Posted: 07/09/2020
Under-35s are the least likely age group to seek professional financial advice, with just 20% saying that they have previously sought advice from an IFA, new research from Hodge has revealed
Posted: 03/09/2020
The coronavirus pandemic has led to a sharp increase in the number of younger people preparing wills, according to new research from Farewill
Posted: 02/09/2020
The number of people being unable to save has almost doubled to 21% in the last year, according to figures from Yorkshire Building Society
Posted: 02/09/2020
More than £14m has been lost to COVID-19 related scams up to 31 July, according to Action Fraud figures that were analysed by TSB
Posted: 27/08/2020
Pre-approval rates for credit cards have doubled in the last month, according to new analysis from Experian
Posted: 27/08/2020
Half of financial advisers (50%) have lost a female client’s business once that client’s partner has passed away, according to a new report published by Fidelity International
Posted: 25/08/2020
Sixty-five per cent of financial advisers have revealed they felt sufficiently protected against catching COVID-19 if they needed to go back into the office or meet with clients, a new Personal Finance Society survey has found
Posted: 25/08/2020
Market Financial Solutions (MFS) has announced it is launching a £60m COVID-19 recovery fund
Posted: 24/08/2020
The total cost of furloughing hit £30.9bn at the end of July, up from £26.5bn at the end of June, new government figures have revealed
Posted: 21/08/2020
Forty-one per cent of all equity released in the first half of 2020 was used to pay off debts, according to new analysis from Key
Posted: 21/08/2020
The UK business sector needs more financial support as a whole to ensure alternative lenders are not frozen out during the COVID-19 crisis, according to Conister Finance & Leasing
Posted: 20/08/2020
Millions of teenagers in the UK are set to receive money from Child Trust Funds (CTFs) that has been waiting for them since they were young children, the Treasury has announced
Posted: 20/08/2020
The Consumer Prices Index (CPI) 12-month rate of inflation increased to 1.0% in July, rising from 0.6% in June, according to new figures from the Office for National Statistics (ONS)
Posted: 19/08/2020
Loans Warehouse has announced that it has gained full authorisation from the FCA for regulated bridging activity
Posted: 19/08/2020
Cash is still the most popular method for grandparents passing down assets to grandchildren, according to new research from Killik & Co
Posted: 18/08/2020
More than half (55%) of over-45s would find a referral to a financial adviser ‘helpful’ when planning future care costs, according to new research from Just Group
Posted: 18/08/2020
Redwood Bank has announced that it has now lent more than £250m to its customers in just less than three years
Posted: 18/08/2020
The final month of full lockdown saw the annual growth rate of outstanding credit card balances fall by 12.6% in the year to May, as consumers continued to pay down their credit card bills, new UK Finance figures have revealed
Posted: 18/08/2020
The perception of financial wellbeing in UK households fell in August, according to data from the latest IHS Markit UK Household Finance Index
Posted: 17/08/2020
The Government has announced that self-employed people whose incomes have been affected by COVID-19 will be able to claim a second payment of up to £6,570 from today
Posted: 17/08/2020
There was a total of 955 company insolvencies in England and Wales in July, a decrease of 34% compared to the same month last year, new data published the Insolvency Service has revealed
Posted: 14/08/2020
Seventy-seven per cent of UK adults have indicated that lockdown has prompted them to make new financial resolutions for the next three to six months, rising to nine in 10 people aged under 35 (91%), according to AA Financial Services
Posted: 12/08/2020
KIS Finance has reported a 121% increase in bridging loan enquiries since the Government announced the stamp duty holiday on 8 July
Posted: 12/08/2020
Thirty-one per cent of people in the UK used the lockdown period to pay down their debt, according to new analysis from Experian
Posted: 12/08/2020
The UK has officially fallen into recession after the latest GDP figures from the Office for National Statistics (ONS) revealed the economy suffered its biggest fall on record during the second quarter
Posted: 12/08/2020
The proportion of overall loans under coronavirus schemes in each of the nine English regions, as well as the three devolved nations, closely matches their respective share of the UK business population, according to data published by the British Business Bank
Posted: 07/08/2020
Over-50s in the UK have an average £127,316 in property equity tied up in their homes, new analysis from SunLife has revealed
Posted: 06/08/2020
The Bank of England (BoE) has announced it is maintaining its base interest rate at 0.1%
Posted: 06/08/2020
Thirty-one per cent of people have suggested that giving a financial gift to children or grandchildren is more important to them since the outbreak of COVID-19, compared to just 23% before the pandemic, research from Hodge Bank has revealed
Posted: 05/08/2020
Co-op Legal Services has urged people putting wills in place during the COVID-19 pandemic to speak to their chosen executors, to avoid confusion later down the line
Posted: 05/08/2020
UK businesses are still facing significant cashflow challenges with the government schemes announced in the Summer Statement failing to protect jobs after the furlough scheme winds down, according to the British Chambers of Commerce (BCC)
Posted: 05/08/2020
Thirty-eight per cent of self-employed workers see property as the safest way to save for their retirement, new data released by the Office for National Statistics (ONS) has revealed
Posted: 04/08/2020
More than 1.13 million small and micro businesses have now been backed by the UK’s banking industry through the Bounce Back Loan Scheme (BBLS), according to new Treasury figures
Posted: 04/08/2020
OFFA has become the latest lender to join the Association of Short Term Lenders (ASTL)
Posted: 31/07/2020
More than half (53%) of advisers believe firms will shut as a result of the COVID-19 pandemic, while 45% expect more advisers to retire and 34% forecast a rise in the sale of businesses, new research from AKG is suggesting
Posted: 30/07/2020
Just 10% of UK adults have paid for financial advice in the last two years, with 79% of those who hadn’t also unlikely to do so in future, according to research from OpenMoney
Posted: 30/07/2020
The second quarter of 2020 saw a 65% fall from Q1 in the volume of switches for current accounts in the UK, according to new data published by the Current Account Switch Service
Posted: 30/07/2020
People’s chances of getting approved for credit in the UK are now 60% higher than at the start of the coronavirus lockdown, according to new research from Experian
Posted: 29/07/2020
More than 1.17 million businesses in the UK have now received finance from lenders through the government-backed coronavirus lending schemes, new Treasury figures have revealed
Posted: 28/07/2020
UK savers put a record amount of money aside during May, but almost 40% of easy access balances are earning a rate of 0.1% or less, analysis from Paragon Bank has revealed
Posted: 28/07/2020
Eighty-eight per cent of financial advisers would continue to provide some form of remote advice option as the UK restrictions start to ease, a survey of Quilter’s national advice business has found
Posted: 28/07/2020
Thirty-one per cent of financial advisers have seen an increase in client enquiries above normal levels since the COVID-19 pandemic begun, according to new research from Aegon
Posted: 27/07/2020
Twenty-nine per cent of over-55s are planning to use their property wealth compared to just 19% a year ago, a new report from Key has revealed
Posted: 24/07/2020
Almost a fifth (18%) of people aged 50 and over have said the COVID-19 pandemic has already or may impact their retirement plans, according to a new study from Co-op Insurance
Posted: 23/07/2020
A total of 323,767 properties have been bought with Help to Buy ISAs since the scheme launched in 2015, new figures published by the Treasury have revealed
Posted: 23/07/2020
Thirty-six per cent of financial advisers want a specialised qualification in the FCA’s expectations for appropriate advice for green financial products, according to research from the Personal Finance Society (PFS)
Posted: 22/07/2020
The British Business Bank has announced the approval of Fiduciam for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS)
Posted: 22/07/2020
The banking industry has now approved £47.9bn to more than 1.1 million businesses so far through government-backed coronavirus lending schemes, according to new statistics from the Treasury
Posted: 21/07/2020
UK over-55s are expected to borrow £19bn less over the next two years as a result of the COVID-19 pandemic, according to new research from equity release lender, more2life, and economics consultancy, Cebr
Posted: 21/07/2020
Thirty-seven per cent of UK adults have saved more into a savings account during lockdown than they would have usually, according to Nationwide research
Posted: 20/07/2020
Buy-to-let (BTL) landlords in England should be assessing the energy efficiency works that their properties require ahead of the opening of online applications for the Green Homes Grant in September, according to Blick Rothenberg
Posted: 17/07/2020
Lenders have now provided over one million payment deferrals on credit cards to help customers whose finances have been affected by COVID-19 over the past three months, new UK Finance figures have revealed
Posted: 17/07/2020
There are positive indications that the financial shock of COVID-19 is abating as lockdown measures in the UK begin to ease, according to TransUnion
Posted: 16/07/2020
The total number of ISA openings in the UK has halved this year, according to new figures from Paragon Bank
Posted: 16/07/2020
Consumer price inflation increased to a 12-month rate of 0.6% in June, up from 0.5% in May, according to the latest Consumer Prices Index (CPI) from the Office for National Statistics (ONS)
Posted: 15/07/2020
The value of UK credit card transactions dropped to £8.7bn in April, half the value compared to April 2019, new UK Finance data has revealed.
The banking body stated that in the first full month of lockdown measures, the number of credit card transactions by UK cardholders also saw a sharp fall of 45.9% to 163 million, the lowest level in over nine years
Posted: 15/07/2020
An individual with an average credit card debt could incur more than £250 of interest over a six month repayment holiday, increasing their outstanding balance by around 10%, latest research has shown
Posted: 13/07/2020
The Chancellor announced the launch of the ‘Job Retention Bonus’ yesterday as part of the Government’s emergency measures to tackle coronavirus
Posted: 09/07/2020
The Bounce Back Loan Scheme has now helped more than one million businesses to access £30.9bn worth of loans to help small and micro businesses absorb the financial shock of coronavirus, new Treasury figures have revealed
Posted: 08/07/2020
Financial advisers believe that an increased demand for individual protection products will come from parents with young families, according to new HSBC Life UK research.
Posted: 08/07/2020
Millions of people could be vulnerable to a fraud attack by failing to recognise common warning signs in third party communications, research from TSB has revealed
Posted: 06/07/2020
Only 35% of small business owners say they know the rate of interest they are currently receiving on their business savings accounts, according to new research from Redwood Bank
Posted: 06/07/2020
The initial cost of renting has fallen by 2% year-on-year across England since the introduction of the tenant fee ban in June last year, according to research from Ome
Posted: 03/07/2020
The COVID-19 crisis is forcing UK businesses to accept unfavourable payment terms, according to new research by Intrum
Posted: 02/07/2020
The second quarter of the year saw 5.3% rental yields on residential buy-to-let (BTL) properties across England, easing down from the 5.6% recorded in the second quarter of 2019, new data from Fleet Mortgages has revealed
Posted: 01/07/2020
The banking industry has now supported more than one million businesses through the three government-backed lending schemes in just over three months, according to latest figures published by the Treasury
Posted: 30/06/2020
Forty-nine per cent of savers between the ages of 22 and 29 years are still not doing enough to prepare for later life, according to research from Scottish Widows
Posted: 29/06/2020
Chase de Vere has reported increased turnover, profitability and client satisfaction in its annual report and financial statements for the year ending 31 December 2019
Posted: 26/06/2020
Zopa has announced it has been awarded its full bank licence and will be launching a new set of products, starting with a fixed term savings account
Posted: 26/06/2020
Financial fraud rates in the UK rose by 33% in April when compared with previous monthly averages, new analysis from Experian has revealed
Posted: 25/06/2020
Key Partnerships, the equity release referral service for Key Group, has announced a new referral partnership with Tenet Group
Posted: 25/06/2020
UK savers saw their easy access savings account balances grow by 303% during March and April 2020 compared to last year, according to industry data analysed by Paragon Bank
Posted: 24/06/2020
More than 972,000 businesses have now been provided with lending worth a total of £40.7bn through the three major government-backed lending schemes, according to new figures released by the Treasury
Posted: 23/06/2020
A future model for how the UK’s Open Banking functions can continue and progress once the current implementation phase ends early next year has been set out in a new report by UK Finance, in association with Accenture
Posted: 18/06/2020
Almost three million people in the UK have fallen for a financial scam after being approached by a fraudster since the start of the coronavirus pandemic, according to new research from Aegon
Posted: 18/06/2020
The Bank of England (BoE) has announced it will pump an additional £100bn into the UK economy to help tackle the financial downturn brought on by COVID-19
Posted: 18/06/2020
Prospective homebuyers shouldn’t take house prices at immediate face value and should instead be mindful of inflated prices, Cornerstone Tax has warned
Posted: 16/06/2020
Castle Trust has announced it has been granted full authorisation as a bank by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA)
Posted: 15/06/2020
The UK’s GDP suffered a fall of 20.4% in April, according to new data released by the Office for National Statistics (ONS)
Posted: 12/06/2020
The banking and finance industry has now backed more than 830,000 UK businesses through the Government’s coronavirus loan schemes, according to new figures published by the Treasury
Posted: 09/06/2020
SunLife has reported an increase in the number of homeowners looking to release equity from their homes to help younger generations whose finances have been affected during the UK lockdown
Posted: 08/06/2020
More than £5m in losses relating to coronavirus scams has been reported to Action Fraud since February, new figures have revealed
Posted: 05/06/2020
The coronavirus pandemic has already prompted a third (33%) of people in the UK into either drafting a new will or amending an existing one, according to a new study from Handelsbanken Wealth Management
Posted: 04/06/2020
The COVID-19 crisis provides the financial services sector with an opportunity to respond to the needs of consumers, as well as help them stay safe from scams, according to Baroness Morgan of Cotes
Posted: 04/06/2020
Economic Secretary to the Treasury, John Glen, has suggested the Government stands ready to do “whatever is needed” to support the financial services industry and rebuild the UK economy following the impact of COVID-19
Posted: 03/06/2020
Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51%) of all payments for the first time, according to the latest UK Payment Markets report from UK Finance
Posted: 03/06/2020
Almost six in 10 people have made changes to their savings habits as a result of coronavirus, according to new research from Aegon
Posted: 03/06/2020
Lenders have approved more than £31.3bn to 745,000 businesses through government-backed schemes so far, new figures published by the Treasury have revealed
Posted: 02/06/2020
Advisers are optimistic about the resilience of their business in light of COVID-19, according to research from Royal London
Posted: 02/06/2020
Four in 10 businesses in the UK are planning to change their banking provider due to slow support that has been offered during the COVID-19 pandemic, research from Encompass Corporation has revealed
Posted: 01/06/2020
Thirty-nine per cent of UK consumers have seen their income drop in the last month, according to a new international study from Yolt
Posted: 29/05/2020
UK Finance has confirmed its support for commercial landlord customers as part of the wider banking industry’s ongoing commitment to help business customers through the coronavirus pandemic
Posted: 29/05/2020
People facing temporary financial difficulties due to coronavirus have been granted almost 1.5 million payment holidays by lenders on their credit cards and personal loans, new UK Finance figures have revealed
Posted: 29/05/2020
Lenders have approved £27.5bn to more than 650,000 businesses so far through the three major government-backed lending schemes, UK Finance has reported
Posted: 27/05/2020
The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS)
Posted: 27/05/2020
Opportunistic criminals using COVID-19 to their advantage have now successfully scammed more than one in 10 UK consumers (12%), according to research by TransUnion
Posted: 26/05/2020
Two in three individuals in the UK say that worrying about finances has a significant impact on their mental health, according to new research by Smarterly
Posted: 21/05/2020
More than £18m could be sitting in unused tax-free childcare accounts, according to a Freedom of Information (FOI) request by Royal London
Posted: 20/05/2020
Consumer price inflation fell to 0.9% in April, down from 1.5% in March, data from the Office for National Statistics (ONS) has revealed
Posted: 20/05/2020
A total 1.6 billion transactions were made on debit cards in February in the UK, a rise of 9.2% from the same month a year earlier, new UK Finance data has revealed
Posted: 20/05/2020
The banking and finance industry has approved more than £22bn in loans to 505,040 businesses so far through the three major government backed lending schemes, new figures published by the Treasury have revealed
Posted: 19/05/2020
Millions of savers in the UK are relying on “rainy day” funds to cope with the impact of coronavirus, according to research published by Scottish Friendly
Posted: 19/05/2020
More than one in four business leaders admit they have no knowledge of recent changes to money laundering regulation and what they need to do to remain compliant, new research from SmartSearch has revealed
Posted: 15/05/2020
Fifty-eight per cent of SMEs feel their banking provider has been slow to offer them help during the Covid-19 crisis, according to a survey conducted by the Lanop Accountancy Group
Posted: 14/05/2020
RICS has reported the indicators used to measure housing activity in the UK collapsed during April, reflecting the impact of lockdown on the housing market
Posted: 14/05/2020
Consumer demand for financial advice has risen during the Covid-19 crisis, according to new research from Quilter
Posted: 13/05/2020
Accord Mortgages has announced it is increasing its maximum LTV to 85% on residential purchase products and is also raising its maximum property value for residential lending from £1m to £2m
Posted: 13/05/2020
The UK GDP shrunk by 2% in the first quarter of 2020, signalling the first direct impacts of the Covid-19 pandemic on the economy, new data published by the Office for National Statistics (ONS) has revealed
Posted: 13/05/2020
The Conveyancing Association (CA) has urged the Government to extend its furlough scheme past October and consider a range of measures that could stimulate the housing market
Posted: 12/05/2020
The Government’s Coronavirus Job Retention Scheme (CJRS) will be extended to October, Chancellor Rishi Sunak has announced
Posted: 12/05/2020
The UK lockdown has driven a shift in consumer spending habits equivalent to an annual £12.9bn, according to a new report published by Legal & General, and economics consultancy, Cebr
Posted: 12/05/2020
One in five workers in the UK had no emergency cash fund prior to the Covid-19 lockdown, according to new research from AJ Bell
Posted: 11/05/2020
Almost 700,000 customer accounts have been given a payment holiday on their credit card as of 30 April, UK Finance has revealed
Posted: 11/05/2020
Since the launch of the Help to Buy: ISA, there have been 304,048 property completions supported by the scheme, according to new figures published by the Treasury
Posted: 07/05/2020
House prices in April were 2.7% higher than in the same month a year earlier, figures published in the latest Halifax House Price Index have revealed
Posted: 07/05/2020
The banking and finance sector has lent over £5.5bn to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), new figures from UK Finance have revealed
Posted: 07/05/2020
Coronavirus could push the UK economy to its deepest recession on record, a new report published by the Bank of England (BoE) has revealed
Posted: 07/05/2020
Fifty-six per cent of the UK are yet to dip into their savings for rental or purchase deposits, according to new research by Ome, but the rental deposit scheme has suggested many of those that have been are struggling within the rental sector
Posted: 06/05/2020
The British Business Bank has announced it has approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), bringing the total number of CBILS lenders over 60
Posted: 06/05/2020
More than 69,000 bounce back loans worth over £2bn have been approved during the first 24 hours of the government scheme, the Chancellor has announced
Posted: 06/05/2020
More than 32,000 businesses have received loans totalling over £1bn from Lloyds Banking Group under the Government’s new Bounce Back Loan Scheme
Posted: 05/05/2020
The Personal Finance Society (PFS) has launched a financial education website to compliment its ‘My Personal Finance Skills’ pro-bono financial awareness programme
Posted: 05/05/2020
HMRC has announced it has started to contact customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS)
Posted: 04/05/2020
A reduction in rental stock entering the market as a result of the UK lockdown could result in higher rental and deposit costs for tenants in the UK, according to new research from Ome
Posted: 04/05/2020
UK businesses have started applying for loans of up to £50,000 through the Government’s Bounce Back Loan Scheme which launched today
Posted: 04/05/2020
The Government has announced it will be cutting the Lifetime ISA (LISA) exit charge from 25% to 20% as part of its coronavirus response
Posted: 01/05/2020
Social distancing and self-isolation is posing several practical problems and limitations in the preparation and execution of wills, particularly with two witnesses required to be present, Forbes Solicitors has argued
Posted: 30/04/2020
The banking and finance sector has provided over £4.1bn to SMEs through the Coronavirus Business Interruption Loan Scheme (CBILS) so far, according to new figures from UK Finance
Posted: 30/04/2020
Property wealth worth £1.06bn was accessed through equity release products in the first quarter of 2020, new data released by the Equity Release Council (ERC) has revealed
Posted: 30/04/2020
The Government has launched a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, although financial advisory firm, Old Mill, has suggested that if a business is unable to service a loan, it could be “wrong” for that business to borrow
Posted: 28/04/2020
OpenMoney has announced it is partnering with financial management platform, Moneyhub, to extend its open banking integrations
Posted: 28/04/2020
More than 7 million contactless payments above the previous limit of £30, and up to the new limit of £45, have been processed by Barclaycard in less than a month since the contactless limit was increased in the UK
Posted: 28/04/2020
The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS)
Posted: 27/04/2020
The average rental cost per month around hospital sites in England is currently accounting for 47% of the average nurse’s salary, new research published by Ome has revealed
Posted: 27/04/2020
Several of the UK’s leading retirement income providers have agreed on new changes to business processes proposed by HUB Financial Solutions
Posted: 27/04/2020
The various financial support measures to combat coronavirus are stabilising the impact on household and personal finances, according to research from TransUnion
Posted: 23/04/2020
The banking and finance sector has provided more than £2.8bn of lending to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), as part of a broad package of support for UK businesses, according to the latest data published by UK Finance
Posted: 23/04/2020
Retired homeowners have seen their property wealth increase by more than £3,150 in the past year, despite the impact of political and economic uncertainty on the housing market, new analysis from Key has revealed
Posted: 22/04/2020
Seventy-one per cent of businesses have furloughed a proportion of their workforce, up from 66% a week earlier, according to a new survey by the British Chambers of Commerce (BCC)
Posted: 22/04/2020
The rate of inflation in the UK fell to 1.5% in March, down from 1.7% in February, according to new data published by the Office for National Statistics (ONS)
Posted: 22/04/2020
More than 54% of surveyed financial advisers are “increasingly positive” regarding their business outlook compared to a year ago, while 79% reported an increase in new client numbers in 2019, new research has revealed
Posted: 20/04/2020
Time could be running out for customers to secure 0% purchase rates as credit card deals fall to a three-year low, new analysis from monva has revealed
Posted: 20/04/2020
Shawbrook Bank has revealed it increased its profit before tax by 11% during the period ending 31 December 2019, to £122.4m
Posted: 20/04/2020
Hundreds of thousands of self-employed people in the UK will “slip through the net” of government schemes, according to Hargreaves Lansdown
Posted: 17/04/2020
Forty-two per cent of people in the UK suspect they have been targeted by a phishing attack during the Covid-19 pandemic, new research from TSB revealed
Posted: 17/04/2020
AJ Bell has suggested the financial concern of savers around the UK caused by coronavirus has added to the “chronic savings deficit” that the country entered the Covid-19 crisis with
Posted: 16/04/2020
The banking and finance sector has lent over £1.1bn to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), according to UK Finance
Posted: 15/04/2020
The UK’s GDP is predicted to fall 35% in the year’s second quarter but expected to “bounce back quickly”, according to new data published by the Office for Budget Responsibility (OBR)
Posted: 14/04/2020
The current rules and restrictions on social distancing and isolation are posing “unprecedented” challenges for will writers and those wanting to get their affairs in order, Ipswich-based law firm, Prettys, has argued
Posted: 08/04/2020
Starling Bank has announced it is introducing a second card that customers can connect to their existing account and give to anyone they trust to pay for groceries and other essential items on their behalf
Posted: 08/04/2020
An “alarming” number of people are yet to adapt their financial planning strategies to the impact being caused by the coronavirus pandemic, according to the CEO of the independent financial advisory organisation, deVere Group
Posted: 03/04/2020
The FCA has proposed a package of temporary measures designed as a stop-gap to support users of consumer credit products facing financial difficulty resulting from the coronavirus pandemic
Posted: 02/04/2020
Sixty-one per cent of savers with The Nottingham who have a tax-free ISA account have saved nothing so far this tax year, analysis from the building society revealed
Posted: 02/04/2020
The average Cash ISA from the UK’s top ten banks will earn just £12 in interest over the next year, new analysis from RateSetter has revealed
Posted: 01/04/2020
Aspen Bridging has announced the introduction of desktop valuations as the specialist finance industry adjusts to the coronavirus pandemic
Posted: 01/04/2020
Overall business confidence has fallen by 17 percentage points to 6% during March, the lowest level since October 2019, reflecting a drop in both trading prospects and economic optimism, according to the latest Lloyds Bank Commercial Banking Business Barometer
Posted: 31/03/2020
Spicerhaart Corporate Sales has called for the Government’s 80% salary guarantee to be extended to rental income for small private landlords
Posted: 30/03/2020
More than a fifth of UK adults have no immediately accessible savings, highlighting the nation’s “precarious” financial position going into the coronavirus crisis, according to research from OpenMoney
Posted: 27/03/2020
Nationwide has set out a support package for its members that have been financially impacted by the coronavirus crisis
Posted: 27/03/2020
Chancellor, Rishi Sunak, has announced that self-employed workers will be able to apply for a taxable grant worth 80% of their average earnings over the last three years
Posted: 26/03/2020
GoCompare has urged people to be “extra vigilant” against phishing and online shopping scams, as cybercriminals look to capitalise on coronavirus fears
Posted: 25/03/2020
Nationwide has announced it will pass on a further 0.15% reduction to its existing variable rate borrowers, reflecting the recent back-to-back cuts made to the Bank of England (BoE) base rate
Posted: 25/03/2020
The Government has been urged to scrap the money purchase annual allowance (MPAA) as part of its coronavirus response
Posted: 24/03/2020
UK consumers are “feeling the financial pinch of the coronavirus” with March showing an accelerated deterioration in the financial health of UK households, according to new data published in the IHS Markit UK Household Finance Index (HFI)
Posted: 23/03/2020
Fifty-five per cent of large and medium sized businesses are expecting a substantial revenue drop this year due to the coronavirus outbreak, according to the results of a new poll
Posted: 23/03/2020
The Government is launching the “coronavirus job retention scheme” and will step in and help pay 80% of wages for employees not working, which will be up to £2,500 a month
Posted: 20/03/2020
The banking and finance industry stopped over £1.8bn of fraud in 2019, up 9% on the previous year, new data published by UK Finance revealed
Posted: 18/03/2020
The emergency package of measures announced by the Chancellor last night have not yet done enough to supply debt relief to businesses or mortgage borrowers, according to AJ Bell
Posted: 18/03/2020
A new name-checking service, Confirmation of Payee (CoP), that warns bank customers when a payee’s name doesn’t match the account number provided, is due to be rolled out by the end of this month – a measure that Which? has estimated could have prevented £320m in bank transfer fraud since 2017
Posted: 17/03/2020
TSB has announced it has fully reimbursed “every single TSB customer” that was an innocent victim of financial fraud since launching its Fraud Refund Guarantee scheme in April 2019
Posted: 17/03/2020
Sixty-three per cent of adults in the UK will spend an average of 46 years of their adult life in debt, according to the results of a new study by Creditfix.co.uk
Posted: 16/03/2020
With the news the Junior ISA (JISA) savings limit is set to increase to £9,000 by 2020/21, according to Wednesday’s Budget, the Government’s announcement has created mixed responses from experts in the financial services sector
Posted: 13/03/2020
Rishi Sunak has used his first Budget to announce the total value of his fiscal stimulus dedicated to tackling the coronavirus outbreak is £30bn
Posted: 11/03/2020
The Bank of England (BoE) has announced an emergency cut to the base interest rate to stabilise the economy amid the coronavirus outbreak
Posted: 11/03/2020
Metro Bank has announced a new partnership with Lending-as-a-Service (LaaS) provider, ezbob, to provide the bank’s business customers with fast, secure and competitive access to finance
Posted: 09/03/2020
The average Cash ISA holder has seen the value of their pot fall by £252 over the last five years, new research from RateSetter has revealed
Posted: 09/03/2020
OneSavings Bank (OSB) has announced that Adrian Moloney and Roger Morris are to take on roles within the group, reporting into OSB group managing director for mortgages, Alan Cleary
Posted: 05/03/2020
NatWest has announced a series of changes to mark the first stage in a series of planned improvements it will make to its SME proposition this year, as the bank aims to become the biggest supporter of start-ups in the UK
Posted: 03/03/2020
The increasing price of rental deposits that tenants are paying in the UK has grown at a far slower rate than many other costs of living over the last five years, new data from Hamilton Fraser’s deposit replacement provider, Ome, has revealed
Posted: 02/03/2020
Skipton Building Society and Newcastle Building Society have both announced positive financial results for 2019
Posted: 26/02/2020
The Bank of England (BoE) announced that its new polymer £20 note featuring artist, JMW Turner, has entered circulation for the first time
Posted: 20/02/2020
The IHS Markit UK Household Finance Index, which measures households’ overall perceptions of financial wellbeing, increased to 47.6 in February, a notable rise from January's 44.6 and the highest index reading since the survey began 11 years ago
Posted: 17/02/2020
Sixty-six per cent of current account holders are unaware of the new FCA changes to overdraft rates, new research from comparethemarket.com has revealed
Posted: 12/02/2020
Challenger bank, N26, has announced it will be closing accounts for its UK customers on 15 April 2020, citing difficulties from the UK’s departure from the European Union
Posted: 12/02/2020
Air Later Life Academy (LLA) has announced specialist financial services group, Just Group, as its latest ambassador firm
Posted: 12/02/2020
First 4 Bridging (F4B) announced it has become a preferred specialist distribution provider for the Beneficial Network
Posted: 11/02/2020
Of the over-50s in the UK hoping to save £80,000 for their loved ones, 22% are not currently saving and a further 8% don’t have a savings account, according to a new study from Co-op Insurance
Posted: 10/02/2020
The higher and top-rate income tax bands will be frozen in Scotland for the coming year, the Government has announced
Posted: 06/02/2020
The Treasury has confirmed that an initiative devised under the previous administration, ‘Breathing Space,’ will go ahead in 2021
Posted: 06/02/2020
There are 11.8 million people in the UK who would be in the red within a month if they lost their job tomorrow, according to new research published by AA Financial Services
Posted: 05/02/2020
Eighty-four per cent of financial advisers believe the FCA’s proposals to ban contingent charging will reduce access to advice, according to new research published by Aegon
Posted: 04/02/2020
The equity release market consolidated its recent growth with a total £3.92bn of housing equity withdrawn by older homeowners in 2019, in line with 2018’s year-end total of £3.94bn, new figures published by the Equity Release Council (ERC) revealed
Posted: 03/02/2020
Almost one in three people retiring this year are planning to use their property wealth to help boost their retirement income, according to new research from the over-55s specialist adviser, Key
Posted: 31/01/2020
The Bank of England (BoE) has announced its Monetary Policy Committee (MPC) has chosen to maintain the UK’s bank rate at 0.75%
Posted: 30/01/2020
The number of people considering a career in financial advice is surging in response to growing demand for support, new research from Openwork has revealed
Posted: 30/01/2020
The Bank of England (BoE) is poised to announce its decision on whether to change its interest rates on Thursday 30 January
Posted: 29/01/2020
Almost double the number of retired single women are choosing to generate cash through a lifetime mortgage on their homes compared to men, according to new research from HUB Financial Solutions
Posted: 29/01/2020
The private rented sector accounted for 4.6 million households in 2018/19, representing 19% of all households in the UK, according to figures released yesterday in the English Housing Survey
Posted: 24/01/2020
Crystal Specialist Finance (CSF) has been appointed to PRIMIS Mortgage Network’s packager panel
Posted: 24/01/2020
The amount of potential equity available within older UK homeowners’ properties soared to more than £381bn at the end of 2019, according to new research by Canada Life
Posted: 23/01/2020
The public sector spent more money than it received in taxes and other income in December 2019 to the extent that it had to borrow £4.8bn, a figure £0.2bn less than the same month a year earlier, new data published by the Office for National Statistics (ONS) has revealed
Posted: 22/01/2020
The number of older workers in the UK on zero-hour contracts has almost doubled over the past six years, according to new research by Just Group.
Posted: 22/01/2020
The UK employment rate was estimated at a record high of 76.3% between September and November 2019, reflecting a 0.6% rise against a year earlier and 0.5% up on the previous quarter, according to new data published by the Office for National Statistics (ONS)
Posted: 21/01/2020
General government gross debt was £1,821.9bn at the end of the financial year ending March 2019, equivalent to 84.0% of the UK’s GDP, according to new data published by the Office for National Statistics (ONS)
Posted: 20/01/2020
There are 10.5 million adults in the UK who have indicated they are in their worst financial state on record, according to new research by the loan comparison site, FairMoney.com
Posted: 20/01/2020
Three-quarters of UK workers are blaming early paydays in December for their lack of funds at the end of the month, according to new research from the income streaming service, Wagestream
Posted: 20/01/2020
Mental Health UK’s ‘Mental Health and Money Advice service’ has surpassed two years of helping people experiencing poor mental health with their finances, helping clients to be £5m better off collectively.
Posted: 20/01/2020
The majority of adults aged under 25 in the UK do not know where to access financial advice, according to a new nationwide study by the financial advice network, Openwork
Posted: 17/01/2020
Retired homeowners released more than £3.4bn of property wealth in 2019, according to new data published by the over-55s specialist adviser, Key
Posted: 17/01/2020
There were 1.6 billion transactions on debit cards in October 2019, a rise of 9.3% from the same month a year earlier, according to the latest data released by UK Finance
Posted: 16/01/2020
The Consumer Prices Index (CPI) 12-month inflation rate slumped to 1.3% in December 2019, down from 1.5% in November, according to new data published by the Office for National Statistics (ONS)
Posted: 15/01/2020
Average house prices in the UK increased by 2.2% over the year to November 2019, which was up from 1.3% in October 2019, new data from the Office for National Statistics (ONS) revealed
Posted: 15/01/2020
Santander has revealed plans to reduce the in-credit interest rate for its 123, Select and Private Current Accounts
Posted: 14/01/2020
The UK’s rolling three-month GDP growth slowed for the second month in a row, down to 0.1% in November 2019, new statistics published by the ONS have revealed
Posted: 13/01/2020
The increasing hints that the Bank of England (BoE) could cut interest rates is likely to prompt investors into overseas financial assets, according to the CEO of one of the world’s largest independent financial services and advisory organisations
Posted: 13/01/2020
Unsecured debt per UK household increased to £14,540 in the third quarter of 2019, a rise of £430 on a year earlier, new data published by the Trades Union Congress (TUC) has revealed
Posted: 10/01/2020
Hargreaves Lansdown has announced the addition of Paragon and ICICI Bank’s easy access savings accounts to its Active Savings service
Posted: 09/01/2020
Over two million UK adults to have used ‘Buy Now, Pay Later’ schemes (BNPL) have had their credit scores damaged as a result, according to a new survey commissioned by comparethemarket.com
Posted: 08/01/2020
One in four workers aged over 25 who earned the legal minimum wage were underpaid last year, according to new research published by Resolution Foundation
Posted: 08/01/2020
UK house prices were 4.0% higher in December than the same month a year earlier, according to new data published in the Halifax House Price Index
Posted: 08/01/2020
The 2020 Budget will be held on Wednesday 11 March 2020, Sajid Javid has confirmed
Posted: 07/01/2020
The broadening of Open Banking platforms will be a turning point in its drive to mass adoption in 2020, according to Equifax UK
Posted: 06/01/2020
The average pay for an FTSE 100 CEO in 2020 has already surpassed the amount the average UK worker earns in an entire year, according to research from The High Pay Centre
Posted: 06/01/2020
The net flow of consumer credit fell to £0.6bn in November, the weakest flow since November 2013, according to new data published by the Bank of England (BoE)
Posted: 03/01/2020
Annual UK house prices were 1.4% higher in December than in the same month in 2018, the first time house price growth had been above 1% for 12 months, according to the latest Nationwide House Price Index
Posted: 03/01/2020
The average cost of a tenancy deposit in the UK is £1,299, and for tenants required to pay the full sum upfront, many are being forced into borrowing from a lender and absorbing the hit of additional interest, according to new research by Hamilton Fraser’s deposit alternative scheme, Ome
Posted: 03/01/2020
Fifty-three per cent of UK firms have reported Brexit as one of their top three sources of uncertainty, according to the Bank of England (BoE)
Posted: 02/01/2020
Chancellor, Sajid Javid, has today announced that FCA head, Andrew Bailey, will become the new Governor of the Bank of England (BoE) from 16 March 2020
Posted: 20/12/2019
Most financial advisers are expecting the equity release market to exceed the £5bn mark in 2020, new research from Canada Life has revealed
Posted: 18/12/2019
The average house price in the UK increased by 0.7% over the year to the end of October 2019 – up to £233,000 – reflecting the lowest growth since September 2012, new figures published by the ONS revealed
Posted: 18/12/2019
The number of payday loans issued during the last quarter saw a 37% year-on-year fall, according to FCA data that was published after an FOI request from Wagestream
Posted: 16/12/2019
Boris Johnson has promised to work flat out and that his party will deliver Brexit after the Conservatives won the General Election with a comfortable majority last night
Posted: 13/12/2019
Changes in local house price affordability show that homes have become more affordable in two-thirds of the UK over the past year, according to new analysis by Yorkshire Building Society
Posted: 12/12/2019
Lloyds Banking Group has responded to an independent report assessing the Customer Review it set up to compensate victims of the HBOS Reading fraud, and chief executive, António Horta-Osório, has apologised to those who lost out
Posted: 11/12/2019
The UK’s rolling three-month GDP showed no growth in October 2019, after just the 0.3% growth registered in the third quarter of 2019, new ONS figures have revealed
Posted: 10/12/2019
Current UK tenants are paying an average rental deposit of £1,299, with an estimated 1.5 million new deposits paid in 2019 to a value of £1.9bn, according to new research by Hamilton Fraser’s deposit alternative scheme Ome
Posted: 09/12/2019
Thirty per cent of UK adults aged between 18 and 34 years have said they would use inheritance money to get on the property ladder, according to new research from Just Group
Posted: 09/12/2019
Fourteen per cent of homeowners have claimed that in order to get their first step onto the property ladder, they have needed to take on two jobs at the same time, according to new research from Engen Group
Posted: 09/12/2019
HSBC has announced it is to introduce a single overdraft rate of 39.9% for its UK customers from March 2020
Posted: 06/12/2019
House prices in November 2019 were 2.1% higher than in the same month a year earlier, the latest Halifax House Price Index has revealed
Posted: 06/12/2019
Wakefield in West Yorkshire, where the average house price for a new home stands at £221,740, has been revealed as England’s biggest Help to Buy hotspot
Posted: 06/12/2019
Ahead of next week’s General Election, no major political party has considered the use of housing equity and how unlocking the wealth tied up in people’s home could be a solution to tackling financial issues, according to the equity release lender, more2life.
The lender has strongly urged the future government to consider how it can meet the needs of the UK’s 20 million over-55s and help them as they continue to provide support for a range of younger and older age groups
Posted: 05/12/2019
The pound will fall to $1.20 against the US dollar next week in the event the UK election delivers a hung parliament, according to the CEO of one of the world’s largest independent financial advisory organisations
Posted: 03/12/2019
More than half of all UK adults as well as 61% of those aged under 35 years old would benefit from regular financial advice, according to new research from Openwork.
The financial advice network said this underlines the need for an expansion in adviser numbers in 2020
Posted: 03/12/2019
An increasing number of people still don’t understand equity release, despite recent figures showing that £2.8bn in lifetime mortgages was lent by the end of the third quarter of 2019, new research by Canada Life revealed.
The latest findings showed that 15% of UK homeowners said they wouldn’t use equity release to fund their retirement because they don’t understand it, a three-fold increase on the 5% who said this in 2016
Posted: 02/12/2019
Around one in five of HNWs have never spoken with a financial adviser, according to the new What’s your Number? report by Sanlam UK
Posted: 02/12/2019
Marketplace lending hit a record £3.0bn in the first half of 2019 despite record loss rates in the sector, according to new research from Link Group and Brismo
Posted: 29/11/2019
Net mortgage borrowing by households reached £4.3bn in October which was up £0.4bn from September, new statistics from the Bank of England (BoE) revealed.
The BoE said the recent stability in the monthly flows had left the annual growth rate unchanged at 3.2%, close to the levels seen during the past three years
Posted: 29/11/2019
Legal Marketing Services (LMS) has announced the extension of its partnership with Family Building Society for an additional three years
Posted: 27/11/2019
House price growth in UK cities has risen to 2.9%, supported by a 1% increase to house prices in London, according to the October Zoopla UK Cities House Price Index.
Zoopla revealed that this is the highest rate of growth for two years and follows a period of modest price falls
Posted: 27/11/2019
Paragon Bank has launched a new Cash Lifetime ISA (LISA) to introduce new competition to the LISA market
Posted: 26/11/2019
TSB has announced it is to close 82 branches next year as part of new plans to make £100m of cost savings by 2022
Posted: 25/11/2019
Nineteen per cent of UK adults are spending more than half of their monthly net household income on housing costs such as mortgage or rent payments, utility bills or council tax, new research from Engen Group revealed.
Engen, the UK-based property business that addresses environmental challenges including affordable and sustainable housing, found that 4% of adults even spend over 75% of their monthly income on housing costs, while the average spend was revealed to be around 34%
Posted: 25/11/2019
TSB has been hit by an IT failure that has left customers waiting for wages and other payments to be made into their accounts
Posted: 22/11/2019
Advisers believe that better education for customers is the number one factor for making equity release more attractive and accessible in 2020, according to new research by Canada Life
Posted: 21/11/2019
A third of over-50s don’t think they have enough money to provide them with enough income for their retirement, according to new research by SunLife
Posted: 19/11/2019
Expenditure is exceeding income for 35% of over-55s, and a further 68% of these individuals have dipped into their savings to help plug the gap, according to new research by more2life
Posted: 19/11/2019
As UK households borrow more money than ever before, one in five UK adults do not know the difference between a personal loan and a payday loan, new research from comparethemarket.com has revealed
Posted: 18/11/2019
There were 290 million transactions on UK cardholders’ credit cards in August this year, 3.8% more than the same month in 2018, new UK Finance statistics revealed
Posted: 15/11/2019
The number of drawdown plans increased strongly in the third quarter of 2019 as the equity release market recorded its best quarter this year for volume and value of new business, according to new data from Key
Posted: 15/11/2019
Caspian has announced it will partner with CoinRoutes to offer their sophisticated trading algorithms to the crypto market
Posted: 13/11/2019
UK wage growth slowed down in the third quarter of 2019, with average earnings that exclude bonuses increasing by 3.6%, compared to the 3.9% growth seen in the previous quarter, new ONS figures have revealed
Posted: 12/11/2019
The UK’s economy has grown at the slowest annual rate in almost a decade, according to the latest ONS figures
Posted: 11/11/2019
More than half of technical queries received over the past month by one of the largest independent SIPP operators, Curtis Banks, concerned the subject of death benefits
Posted: 08/11/2019
UK house prices in October were 0.9% higher than in the same month a year earlier, according to new data from the Halifax House Price Index (HPI)
Posted: 07/11/2019
UK savers hoping to open a help-to-buy (HTB) ISA have until 30 November 2019 to do so, although rushing to meet the deadline could end up costing individuals dear, Hargreaves Lansdown has warned