Moneywise

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  • Protection for savers to fall by £10,000 Moneywise - Fri, Jul 3, 2015 17:49 BST

    The safety net enjoyed by savers in the UK is to be cut back by £10,000, the Bank of England has announced. Currently, an individual saver's money is protected by the Financial Service Compensation Scheme ...

  • Tax-free childcare scheme delayed Moneywise - Fri, Jul 3, 2015 12:43 BST

    The introduction of the government's tax-free childcare scheme is to be put back until early 2017, following a legal challenge from providers of existing childcare vouchers. The new government scheme promises ...

  • Greek holidaymakers urged to protect extra cash Moneywise - Fri, Jul 3, 2015 12:13 BST

    While the current ATM withdrawal limit of €60 (£38) a day does not apply to foreign visitors, many tourists will be considering taking more cash than normal. While the vast majority (89%) of travel insurance ...

  • EE fined £1m for failing customers Moneywise - Fri, Jul 3, 2015 11:49 BST

    Mobile phone network operator EE has been fined £1 million by the telecoms regulator Ofcom for failures in the way it has been handling customer complaints. The regulator found that between 22 July 2011 ...

  • 10 last-minute travel tips Moneywise - Thu, Jul 2, 2015 13:30 BST

    Holiday season is upon us and many of us will already have spent, or be planning to spend, hundreds – if not, thousands – of pounds on getting away. The average family of four spends a whopping £860 per ...

  • What's in store for next week's Blue Budget? Moneywise - Thu, Jul 2, 2015 12:33 BST

    Chancellor George Osborne has developed a reputation for delivering big surprises in his Budgets. But what could he have up his sleeve this time? We've rounded up expert predictions for next week's emergency ...

  • A new low-cost health insurance product has been launched that aims to bridge the gap between NHS care and private medical insurance, offering cover for most conditions, but with payouts capped at £15,000 ...

  • HMRC warns fraudsters are targeting tax credit renewals Moneywise - Wed, Jul 1, 2015 16:15 BST

    Individuals renewing tax credits ahead of the 31 July deadline have been urged to watch out for scammers targeting them. HM Revenue and Customs (HMRC) has warned that fraudsters are using scam emails, ...

  • TSB ups Monthly Saver rate to 5% Moneywise - Wed, Jul 1, 2015 12:06 BST

    TSB has increased the rate it pays on its TSB Monthly Saver from 2% gross/AER to 5%. Savers must have a TSB current account to open the Monthly Saver and the most they can deposit each month is £250. The ...

  • Freephone numbers extended to mobiles from July Moneywise - Wed, Jul 1, 2015 10:28 BST

    Freephone numbers starting 0800 or 0808 have finally become free for mobile phone users as of 1 July. These calls have generally been free when dialled from a landline but mobile users have incurred charges ...

  • Apple Pay to launch in July Moneywise - Tue, Jun 30, 2015 22:48 BST

    Payment by just one touch of an iPhone or iPad or two clicks of an Apple Watch will be possible from 1 July, when Apple Pay launches in the UK. The arrival of Apple Pay will enable customers of most high ...

  • How to make £20 on your holiday money Moneywise - Tue, Jun 30, 2015 13:34 BST

    Holidaymakers are being urged to shop around for the best possible currency exchange rate as it emerged they could be at least £20 better off when swapping £500 for euros. Financial research group Consumer ...

  • EU mobile roaming charges to end in June 2017 Moneywise - Tue, Jun 30, 2015 12:26 BST

    Roaming charges for mobile phone users will end by June 2017, the European Commission (EC) has announced, putting to an end 'bill shock' experienced by European holidaymakers who use the internet too much ...

  • New warning over pension scams Moneywise - Tue, Jun 30, 2015 11:38 BST

    Retirees have been warned once again about pension scams after a financial adviser found that one in five over-50s may have been targeted by fraudsters looking to trick them out of their savings. The survey, ...

  • The Association of British Insurers is calling on the government not to rush through its introduction of a secondhand annuity market that will allow policyholders to sell their existing annuity for cash. ...

  • A third of people claim stay-at-home partners 'have it easy' Moneywise - Fri, Jun 26, 2015 12:03 BST

    Stay-at-home husbands or wives work on average 56 hours a week – 17 hours more than their at-work partners excluding the commute, a new survey has revealed. But the online survey of 2,000 people, by insurer ...

  • My Pension Wise experience Moneywise - Thu, Jun 25, 2015 18:15 BST

    As part of its new pension freedoms, the government launched Pension Wise in March 2015, a service offering free, impartial guidance. Ahead of its launch, there were lots of news reports about how the ...

  • Post Office to stop selling premium bonds from 1 August Moneywise - Thu, Jun 25, 2015 17:40 BST

    The Post Office is to stop selling premium bonds from 1 August after National Savings and Investments (NS&I) pulled the plug on a 46-year face-to-face sales arrangement. From August, anyone wanting to ...

  • Seven ways to get active for free this summer Moneywise - Thu, Jun 25, 2015 15:25 BST

    No matter whether you're a self-confessed couch potato or a super-motivated gym bunny, getting fit doesn't have to break the bank. Here's a selection of ways to get fit this summer without spending a penny. ...

  • Be rewarded for being healthy Moneywise - Thu, Jun 25, 2015 15:06 BST

    We all know that regular exercise, a good diet, moderate drinking and not smoking can help prevent a host of illnesses and conditions, including heart disease and some cancers. However, keeping to a strict ...

  • Crowdfunding for landlords Moneywise - Thu, Jun 25, 2015 14:40 BST

    With house prices and rents buoyant, investing in buy-to-let property may appear an attractive proposition. Traditionally, though, would-be landlords have needed a considerable sum of money to put down ...

  • Buying a second home abroad - the pros and cons Moneywise - Thu, Jun 25, 2015 14:23 BST

    Investing in property is now an international game, as Britons look to spread their wings overseas. Buying a buy to let in Barcelona or a holiday home in Florida is certainly more enticing than investing ...

  • A beginner's guide to buying purpose-built student property Moneywise - Thu, Jun 25, 2015 14:00 BST

    Type 'invest in student property now' into Google, and the first search result promises "Assured 35% Net Returns". The second reads "UK Student Investment – Invest from £59,950. 8%+ returns". ...

  • Four ways to invest in property Moneywise - Thu, Jun 25, 2015 13:44 BST

    Gain exposure to the property sector via the stockmarket without the responsibility that comes with owning a building, says Chris Torney. Over the past few decades, returns on property in the UK have been ...

  • How to become a buy-to-let landlord Moneywise - Thu, Jun 25, 2015 13:33 BST

    Are you tempted to become a landlord? Perhaps you want to put your tax-free pension lump sum to good use or you've just discovered how much your child will be paying in rent at university. If you are considering ...

  • 25 best-ever money tips Moneywise - Thu, Jun 25, 2015 12:21 BST

    A lot has changed in 25 years. In 1990, Tim Berners-Lee had just laid the foundations for what would later become the internet; you could still smoke on planes; and the Bank of England's base rate stood ...

  • Beware of cuts to credit card perks Moneywise - Thu, Jun 25, 2015 12:01 BST

    The past few years have seen war break out in the credit card market to attract new custom. Balance transfer deals have got longer and longer, fees have fallen and increasing numbers of providers have ...

  • Debt management firms still failing the vulnerable Moneywise - Thu, Jun 25, 2015 11:16 BST

    Vulnerable customers continue to be sold unsuitable debt management plans (DMPs) that impede their ability to repay what they owe, the City watchdog has reported. The Financial Conduct Authority (FCA) ...

  • UK rents are highest in Europe Moneywise - Wed, Jun 24, 2015 14:26 BST

    UK rents are the highest in Europe at £730 (€902) a month, research from the National Housing Federation (NHF) has revealed. In fact, tenants renting private property are paying almost double the amount ...

  • LV= customers to receive new Pension Passport Moneywise - Wed, Jun 24, 2015 13:53 BST

    LV= has teamed up with the Treasury to offer retiring customers a new pension passport in lieu of the current 'wake-up' packs currently sent out by all providers. The pension passport will be a simple ...

  • Hargreaves Lansdown launches retirement planning service Moneywise - Wed, Jun 24, 2015 13:02 BST

    Investment platform and advisory company Hargreaves Lansdown has launched a flat-fee retirement planning service for those unwilling or unable to pay for full financial advice. Charging £395 plus VAT, ...

  • Take control of your investing Moneywise - Wed, Jun 24, 2015 11:56 BST

    As time rolls gently by, more of us are taking responsibility for managing our pensions and investments. Hallelujah, I say. Often, it's by choice but sometimes we're nudged into doing it – because our ...

  • Over-55s have withdrawn £1 billion from their pension pots in the first two months since the new pension freedoms came into effect, George Osborne told Parliament yesterday. The chancellor revealed in ...

  • RBS crowned Least Trusted provider - again Moneywise - Tue, Jun 23, 2015 10:54 BST

    RBS has been named least trusted financial provider for the third time in four years at the Moneywise Customer Service Awards. The troubled bank suffered the same fate last year, and in 2012. Most recently ...

  • Newcomer banks' rates continue to trump larger rivals Moneywise - Mon, Jun 22, 2015 19:02 BST

    New banks are paying far higher rates than their well-established rivals on fixed-rate bonds. Charter Savings Bank has raised the rate it pays new savers on its one-year fixed-rate bond to 2% before tax ...

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