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
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
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
The proportion of members transferring their pension increased to an annualised rate of 41 members per 100,000 in July 2022, a 41 per cent month-on-month rise, XPS Pension Group has revealed
More than 80% of regulated firms in the legal, property and finance and banking sectors are considering a switch to electronic verification (EV) of their customers, a new study has indicated
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
Buy Now Pay Later (BNPL) firms are being warned by the FCA that all financial promotions of their products must comply with the regulator’s financial promotion rules
Lending in the second charge loan space saw a 12.5% monthly increase in July, figures reported directly to Loans Warehouse from second charge lenders have confirmed
Billions of pounds which could help people across the UK tackle rising living costs is currently going unclaimed as a result of several underused tax breaks, AJ Bell has revealed
Approximately one in seven (13 per cent) UK adults that are looking at ways to increase their income amid the cost-of-living crisis expect to access their pension earlier than planned or have already done so, research from Canada Life has found
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