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Money News

Is the London house price bubble bursting?

Friday 6th October 2017

The latest data show house prices falling in London for the first time since 2009 when the country was in the immediate aftermath of the global banking crisis......

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Can consumers steal a march on the markets when it comes to interest rates?

Friday 6th October 2017

Following the rise in price inflation in recent months and messages emanating from the Bank of England and UK economists it seems that Bank Rate - also known as the ‘official interest rate’ - will soon be raised by the Bank’s Monetary Policy Committee (MPC)......

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Pension awareness has to start with the government

Friday 15th September 2017

Pension Awareness Day, 15 September, is becoming an important annual fixture. It aims to encourage us to save for retirement and help employers communicate pensions simply to their workers......

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How do you assess the performance of your fund manager?

Tuesday 29th August 2017

The traditional way in which fund manager performance has tended to be judged is against the performance of other fund managers with similar investment objectives......

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Women bearing the brunt of the financial fallout from state pension reforms

Tuesday 8th August 2017

From the moment the True Potential PUFin Centre launched ‘Managing My Money ‘ - its first free online course - in 2014 it became abundantly clear that pensions are the greatest personal finance issue in this country......

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Two years on from the pensions revolution are people taking advantage?

Wednesday 19th July 2017

The pension reforms introduced in 2015 have given those aged 55 years or older greater flexibility to access and use the funds in their pension ‘pots’......

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Applying the brakes to consumer credit – lenders take prompt from BoE

Wednesday 19th July 2017

Over the past year the Bank of England has regularly expressed concern at the pace of growth of unsecured lending in the UK......

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Is the end in sight for the triple-lock on state pensions?

Monday 22nd May 2017

The Conservative’s general election manifesto includes the plan to end the triple-lock on the annual increases in state pensions from 2020......

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Understanding the Lifetime ISA

Tuesday 18th April 2017

There’s a new kid on the block. The Lifetime ISA, or Lisa as it’s commonly known, allows 20 to 39 year olds to invest up to £4,000 a year until they are 50 and, for each £100 invested, the government will add £25......

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After ten months the Brexit economic honeymoon is over

Tuesday 18th April 2017

Those forecasting an economic catastrophe in the wake of the Brexit vote in last June’s referendum may have spent much of the past year reflecting on whether they called it right – with retail sales surging, the FTSE-100 hitting a record high and unemployment falling to its lowest rate since 2005......

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Unemployment now as low as 1975 – but there’s no upward pressure on earnings inflation

Monday 20th March 2017

The latest unemployment and earnings data published by the Office for National Statistics (ONS) portray an interesting picture of the labour market in the UK......

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Timing the market? ‘Pound cost averaging’ can make life easy

Monday 27th February 2017

One overworked cliché about decisions to buy or sell shares and other securities is ‘get your timing right’......

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The rise of asset allocation

Tuesday 31st January 2017

Since the Brexit referendum and Donald Trump’s election as President of the United States, investors have woken up to the fact that it makes sense to reduce risk by investing in a range of overseas markets in a number of different currencies......

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The FTSE at an all-time high - great news, provided your ‘home’ currency is sterling

Tuesday 3rd January 2017

In a year of political turbulence, dominated by the unexpected Brexit vote in the UK in June and Donald Trump’s surprise triumph in the US presidential election in November, the FTSE-100 has had a stellar year......

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Payment scams – have the banks been let off the hook?

Monday 19th December 2016

The Payment Systems Regulator (PSR) has called for banks to do more to prevent scams where people are tricked into transferring money to fraudsters......

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Investing in LISAs may seem like a ‘no-brainer’ - but be alive to the rules

Monday 21st November 2016

From next April those aged between 18 and 40 years will be eligible to open up Lifetime Individual Savings Accounts – or LISAs – to save towards the purchase of a first property or to provide funds in later life, from the age of 60......

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Should we be worried about the UK’s £1.5 trillion personal debt burden?

Tuesday 8th November 2016

The latest figures show that the total personal debt in this country has now reached £1.5 trillion......

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The review of the State Pension Age – will some personalisation be introduced?

Friday 14th October 2016

The first of the new reviews of the State Pension Age (SPA) is getting underway, led by John Cridland, formerly of the Confederation of British Industry (CBI)......

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Help-to-Save and LISAs: Learning from the past

Tuesday 27th September 2016

The government is launching a number of new savings products designed to encourage us to save.     Lifetime ISAs (LISAs) are designed to help us become home owners and save for our retirement years......

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UK share prices brush aside Brexit concerns

Tuesday 30th August 2016

The unexpected vote to leave the European Union in the June referendum sent shock waves through the financial markets with share prices and the value of Sterling plummeting in the aftermath of the result......

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The fall in home ownership – it’s all about affordability rather than the cost of mortgages

Thursday 4th August 2016

Data published today by the Resolution Foundation confirms the continuation of the downward trend in home ownership in the UK......

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More joy for borrowers, more gloom for savers

Monday 11th July 2016

The financial consequences of the Brexit vote on 23rd June are already hitting the public. The slump in the value of the pound is pushing up the cost of holiday spending for those jetting off overseas......

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Long-term interest rates hit a further new low

Monday 13th June 2016

Back in 1980 I took out my first mortgage to buy a flat in Birmingham. The flat was very affordable and required only a modest mortgage to buy it......

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Stamp Duty surcharge applies the brakes to the housing market

Tuesday 3rd May 2016

April saw the start of the 3% surcharge to Stamp Duty Land Tax (SDLT) for properties not bought for residence by buyers......

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The UK housing market presents a mixed picture across the country

Friday 1st April 2016

The latest data from the Office for National Statistics (ONS) show average in England house prices rising by 8......

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The oil companies are struggling – but what do lower oil prices mean for us?

Friday 12th February 2016

One major factor driving turbulence on the world’s stock exchanges has been the fall in oil prices over the past year......

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When a million pounds is not enough: Coping with the lifetime pension allowance

Friday 22nd January 2016

From April this year the lifetime allowance on the size of individual pension funds falls from £1......

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Are you ‘trapped’ in your mortgage?

Monday 23rd March 2015

The BBC‘s Personal Finance team are looking for homeowners who have become trapped by changing mortgage assessment criteria: effectively becoming mortgage prisoners......

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Halifax launches bespoke youth online banking

Thursday 26th February 2015

Customers of the Halifax youth account, Expresscash, will now have access to a bespoke online banking service, intended to help those aged between 11 and 15 years old manage their money effectively and encourage active financial management from an early age......

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Six of the best money saving apps

Thursday 26th February 2015

Ever since the global financial crisis less than eight years ago, it’s safe to say that times have been pretty tough for many of us, with the cost of living ever on the increase, yet wages and incomes staying firmly where they are, or even dropping in some cases......

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‘Consumers with cash savings need easier switching’ - FCA

Thursday 26th February 2015

The Financial Conduct Authority (FCA) says it should be easier for consumers to compare cash savings accounts and then switch providers if they wish......

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Savings suffer as Christmas spending takes its toll

Thursday 26th February 2015

The nation’s Savings accounts suffered a setback in the run up to Christmas, as a third of those with savings admitted to not adding anything to their nest egg, whilst one in four savers had to unexpectedly raid their accounts to cover additional spending......

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HomeServe reduces costs for new customers

Thursday 26th February 2015

HomeServe is offering a plumbing and drainage deal, and has reduced the cost of electrical emergency cover, for a limited time for new customers......

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Why 2015 could be the year for paying off debts

Tuesday 13th January 2015

Consumers want to make 2015 the year they go debt-free, with one in four listing paying off their debts as their main savings goal this year, according to new research......

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Halifax to reduce transfer fees on All in One credit card

Tuesday 13th January 2015

Halifax has announced it is improving its All in One credit card by reducing the fee on balance transfers to just 1% for balances transferred in the first 90 days......

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Lloyds offers £500 cashback to remortgage switchers

Tuesday 13th January 2015

Remortgage customers switching to Lloyds Bank will now receive £500 cashback towards any costs they might incur as a result of moving their mortgage, the firm has announced......

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'A north-south divide persists with savings balances' - Halifax

Monday 1st December 2014

When it comes to savings, customers in southern England are out saving those in northern regions by 10%, according to latest research from Halifax......

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British consumers spend more than a year’s salary on impulse purchases

Monday 1st December 2014

New research shows that British consumers spend an average of £30,240 on impulse purchases, such as takeaway coffees, snacks, games and music, over their working life......

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FCA introduces rules to protect consumers from ‘harmful fee-charging’ credit broking practices

Monday 1st December 2014

New rules have been introduced by the Financial Conduct Authority (FCA) tackle poor practice in the credit broking market which, it says, is causing serious detriment to consumers......

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Wife of London financier awarded UK’s largest ever divorce settlement

Monday 1st December 2014

In the biggest divorce settlement ever witnessed in a British court, the American wife of a London financier has received more than £337m......

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Over £41 million of Premium Bonds prizes unclaimed

Monday 1st December 2014

Over 928,000 Premium Bonds prizes worth over £41 million remain unclaimed, NS&I has revealed......

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Over three million consumers overcharged by energy suppliers

Monday 17th November 2014

Over three million energy customers have been overcharged by their supplier through billing errors in the last 12 months, according to uSwitch......

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Halifax reduces rates on two year fixed rates for first-time buyers and movers

Monday 17th November 2014

In further support of first-time buyers and homemovers, Halifax has cut the rates on its two-year 90% loan-to-value (LTV) mortgages by 0......

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Payday lenders hit with price cap

Monday 17th November 2014

The cost of borrowing from controversial payday lenders and providers of high-cost short-term credit is set to fall after the Financial Conduct Authority (FCA) introduced a price cap this week......

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Clydesdale and Yorkshire Banks announce £150 Current Account switching offer

Monday 17th November 2014

Current Account customers switching to Clydesdale and Yorkshire Banks will benefit from £150, the banks announced today (Monday 17th November)......

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UK's property investment black spots revealed

Monday 3rd November 2014

Belgravia in central London is currently the worst UK location to invest in property, according to research by home......

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Big Six supplier tops best buy energy table for the first time this year

Monday 3rd November 2014

Last week E.ON topped the energy best buy table with the cheapest energy deal on the market – the first time a Big Six supplier has topped the tables this year......

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Meeting ‘life goals’ costs average couple over £850,000, says Lloyds

Thursday 16th October 2014

Key lifetime events such as buying a property, getting married, having children and enjoying a comfortable retirement cost the average UK couple £877,000, according to a report by Lloyds Bank......

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£2,500 is average cost for first project in new home

Thursday 16th October 2014

Over two-thirds (71%) of first-time buyers and homemovers are spending up to £2,500 on their first project in their new home, according to research  from TSB......

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Major retailers to allow mobile payments next year

Thursday 16th October 2014

A number of major retailers, including Asda, Sainsbury’s and House of Fraser, will allow millions of British shoppers to pay for their groceries via their phones once a mobile payments service is launched next year......

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