Moneywise

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  • HSBC glitch sees thousands not paid and home sales at risk Moneywise - Fri, Aug 28, 2015 17:40 BST

    Thousands of people have not been paid ahead of bank holiday weekend after a glitch with HSBC’s payment systems. The bank says up to 275,000 BACS payments used by its business customers are affected. Businesses ...

  • Back to school money-saving offers Moneywise - Wed, Aug 26, 2015 18:50 BST

    With the start of the new school year just around the corner, you're probably on the lookout for a few last-minute bargains. Parents spend an average of £236 per child getting them ready for the school ...

  • Let your spare room and make thousands Moneywise - Wed, Aug 26, 2015 17:26 BST

    Householders in need of extra cash received some good news in George Osborne's Budget in July: the amount that they can earn from renting out a room will rise to £7,500 tax-free from 6 April 2016. Known ...

  • The newest and best money apps Moneywise - Wed, Aug 26, 2015 16:57 BST

    Technology is not just for geeks. It's for anyone who wants to make life easier, that includes banking and managing money. Thanks to a raft of new banking and savings apps and services launching in recent ...

  • More over 60s don't want to give up work Moneywise - Wed, Aug 26, 2015 13:37 BST

    While many people can't wait to give up the day job after 40 years of hard graft, new research has shown that more than one in 10 over 60s doesn't ever plan to stop. According to Retirement Advantage, ...

  • Black Monday highlights risks for retired investors Moneywise - Wed, Aug 26, 2015 13:23 BST

    Retired investors are being warned that taking capital out of their pensions during falling markets could cause irreparable damage to their financial security. On Monday 24 August the FTSE 100 lost close ...

  • Retirement planning for ill health Moneywise - Tue, Aug 25, 2015 17:51 BST

    Like it or not, retirement planning is a morbid business. However much you might be looking forward to holidays or more time on the golf course, working out how much you have to live on ultimately means ...

  • Personal loan rates at lowest-ever levels Moneywise - Tue, Aug 25, 2015 16:26 BST

    Personal loan rates for sums of £5,000 and £7,500 have fallen to their lowest-ever. The average rate for a £5,000 loan is 6.05%, which is just over a fifth lower than it was at the start of 2015, according ...

  • FTSE 100 leads European bounce as China slides further Moneywise - Tue, Aug 25, 2015 13:33 BST

    The UK's FTSE 100 index led European stockmarkets higher on Tuesday as China's market continued to tumble following Monday's global market rout. The FTSE 100 index was trading up 2.6% to 6052 by mid-morning ...

  • 25% of students have borrowed £350 in payday loans Moneywise - Tue, Aug 25, 2015 12:20 BST

    Some 25% of undergraduate and postgraduate students in the UK owe an average of £342 to payday lenders. Not only do 25% of students have money owing to payday lenders but a whopping 92.4% incur late charges, ...

  • Will you lose out in tax credit cuts? Moneywise - Tue, Aug 25, 2015 11:51 BST

    Familes who receive tax credits to supplement their income could find themselves more than £1,000 a year worse off following cuts to the welfare budget. The cuts, part of a government plan to reduce welfare ...

  • Virgin and Halifax offer top rates for savers Moneywise - Mon, Aug 24, 2015 18:29 BST

    Halifax has raised the rate on its one-year fixed rate cash Isa for new savers to a tax-free 1.6%. The move puts it among the top rates on the high street, just behind Virgin Money's 1.71% and Nationwide ...

  • How to make a claim for delayed flights Moneywise - Mon, Aug 24, 2015 18:20 BST

    Your plane is delayed for hours causing you to miss a connecting transfer; your flight is cancelled and there's not another one until tomorrow; you're still standing by the baggage carousel – bagless – ...

  • Top Student Bank Accounts Moneywise - Mon, Aug 24, 2015 12:19 BST

    A level results land on 13 August, and tens of thousands of 'fresher' students will be getting ready to head to university for the first time. If you or your children are joining them, finding the right ...

  • Five hidden perks in your pay packet Moneywise - Fri, Aug 21, 2015 14:28 BST
    Portrait of a female executive

    More than half of employees say their company has either frozen or cut pay over the past year, according to the Chartered Institute of Personnel and Development. But while there may be little chance of ...

  • This week's best current accounts Moneywise - Fri, Aug 21, 2015 10:15 BST

    With the introduction of seven day switching it has never been easier to take your current account to a new provider. So if you have been unhappy with your current bank's customer service, interest rates ...

  • Does your partner have a debt problem? Moneywise - Thu, Aug 20, 2015 15:28 BST

    A fifth of people get married hiding debts from their partner, worth £3,200, according to a new survey. Embarrassment is the main reason people keep debts secret from their soon-to-be-spouses, cited by ...

  • Extraordinary and amusing insurance claims revealed Moneywise - Thu, Aug 20, 2015 13:59 BST

    If you weren’t already familiar with the need for buildings and contents cover, Saga Home Insurance has released its most noteworthy tales of sudden and unexpected disasters its customers have faced. In ...

  • Jet2, Aer Lingus and Wizz Air customers to be compensated Moneywise - Thu, Aug 20, 2015 13:46 BST

    Jet2, Aer Lingus and Wizz Air have agreed to clean up their act after being investigated for flouting compensation rules for delayed and cancelled flights. The Civil Aviation Authority (CAA) took action ...

  • July's 10 most-bought funds Moneywise - Wed, Aug 19, 2015 11:55 BST

    UK small and medium-sized companies are once again finding favour with investors as Fidelity UK Smaller Companies joins Neptune UK Mid-Cap in our sister website Interactive Investor's top 10 most-bought ...

  • Trio of banks' rates creep over the 2% mark Moneywise - Wed, Aug 19, 2015 11:05 BST

    Fixed-rate bond rates are edging up, with four banks paying 2% before tax (1.6% after tax) for a year. Charter Savings Bank and French-owned RCI Bank both pay 2.06% (1.65%), while Kent Reliance has upped ...

  • UK inflation surprise fuels rate hike speculation Moneywise - Tue, Aug 18, 2015 18:14 BST

    According to data from the Office for National Statistics (ONS) the UK returned to inflation in July, with average prices up 0.1% compared to the same period last year. This is contrary to market expectations, ...

  • Older drivers charged £136 extra to hire a car Moneywise - Tue, Aug 18, 2015 08:15 BST

    Older drivers are being hit with additional fees of up to £136 just because of their age, according to research from rental car broker economycarhire.com. Even drivers with a perfect record could face ...

  • Over-55s reveal what's on their bucket list Moneywise - Tue, Aug 18, 2015 08:00 BST

    Seeing the Northern Lights, a trip on the Orient Express and a trip around the world are the three activities that over-55s want to do before they die, according to a new survey. Some 90% of over-55s have ...

  • Retirement income: mixed-asset versus target-date funds Moneywise - Mon, Aug 17, 2015 17:51 BST

    Thanks to pension reforms implemented in April this year, UK retirees now have more choice than ever over how to finance their later years. Retirees who would previously have been shoehorned into a poorly ...

  • Cost of raising a child reaches £229,250 Moneywise - Mon, Aug 17, 2015 15:54 BST

    The cost of raising a child to the age of 21 has hit an all-time high of £229,251, up 3% from £222,458 this time last year, according to insurer LV=. It says the cost has risen by almost twice the rate ...

  • How to avoid roaming charges Moneywise - Fri, Aug 14, 2015 16:10 BST

    It's easier than ever to use your phone abroad but it's also vital to check the costs in advance, as smartphone users could easily be charged £42 for watching just a few minutes' video - or much more if ...

  • 2m Brits lefts with debts after a break-up Moneywise - Fri, Aug 14, 2015 15:59 BST

    Two million people have been left with the debts racked up by an ex-partner, according to a new survey. On average, people were left credit card debts of £457, £313 in joint-account fees and £327 on shared ...

  • Uni of Leicester has cheapest cost of living for students Moneywise - Thu, Aug 13, 2015 13:01 BST

    The University of Leicester has been revealed as the most affordable for first-year students for the second year running. The cost of living in the Midlands town is £192 a week, £4.20 a week less than ...

  • Student scam alert: what freshers need to know Moneywise - Thu, Aug 13, 2015 10:36 BST

    Student scam alert: what freshers need to know Laura Whitcombe Ruthless scammers are targeting students in a ploy to get them to hand over their mobile phones. Hundreds of students have encountered fraudsters ...

  • Co-operative Bank has come under fire once again, after being publicly lambasted by UK authorities. The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have together chastised ...

  • Customers to be refunded for BT Sport Europe TV bills Moneywise - Wed, Aug 12, 2015 14:47 BST

    BT Broadband customers charged for the BT Sport Europe TV package who didn't ask for it can get a refund, the regulator has ruled. The company has been reprimanded for an "unfair" deal that automatically ...

  • A survey conducted by equity release provider more 2 life shows that homeowners are increasingly looking to their properties to plug the gap in their pensions. The firm claims that research among homeowners ...

  • 6% fund dates with payday loans Moneywise - Tue, Aug 11, 2015 15:10 BST

    Some 6% of British romantics have resorted to payday loans for picking up the tab on a date. Indeed, a fifth of UK adults admit to using credit to fund their romantic lives but the most common form is ...

  • Kent Reliance offering good savings deals Moneywise - Tue, Aug 11, 2015 13:27 BST

    The bank also offers a good deal for smaller balances with its Online Saver Issue 1, at 1.45% (1.16%). Skipton Building Society has launched its Limited Edition eSaver issue 2 paying 1.4% before tax (1.12% ...

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