BANKING
There are 1224 articles for the BANKING category
The Bank of England (BoE) has announced it will hold interest rates at their current level of 3.75% in its first base rate vote of the year
Posted: 05/02/2026
The average completion time for a bridging loan fell for the third consecutive year in 2025, according to the latest Bridging Trends data
Posted: 05/02/2026
December saw £5.2bn paid into Cash ISAs, new figures released by the Bank of England (BoE) have shown, a record for a non-tax year end month.
This followed the decision announced by the Chancellor in her Budget to cut the Cash ISA tax-free allowance from £20,000 to £12,000, a change due to come into force in April 2027
Posted: 30/01/2026
Around one in five (19%) people using equity release in 2025 did so to gift money to family members, new research by Canada Life has shown
Posted: 29/01/2026
The Government has revealed it is to scrap the option to save for retirement in its replacement for the Lifetime ISA
Posted: 29/01/2026
Adult cash ISA balances surged in 2025 as savers moved their finances ahead of the November Budget, Paragon Bank has highlighted
Posted: 27/01/2026
More than 16 million UK adults have now experienced adverse credit, according to new findings from specialist lender, Pepper Money
Posted: 22/01/2026
Equity release is largely still absent from retirement planning discussions despite property representing a major source of household wealth, Canada Life has warned
Posted: 21/01/2026
The number of directly authorised (DA) intermediary firms and advisers operating in the retail advice space is shrinking, analysis by Network Consulting has shown
Posted: 16/01/2026
New business volumes in the consumer finance sector grew by 3% to £9.9bn in November 2025 compared to the same month a year earlier, new figures released by the Finance & Leasing Association (FLA) have shown.
Through the 11 months of 2025 to the end of November, the FLA reported new business in the market was up 5% compared to the same period in 2024
Posted: 16/01/2026
LHV Bank has now surpassed the £1bn milestone in customer deposits since its launch in 2023
Posted: 15/01/2026
The Treasury Committee has warned that Chancellor Rachel Reeves risks “complicating the ISA landscape” with her changes to the Cash ISA announced in the November Budget
Posted: 14/01/2026
People with no children are significantly less prepared with inheritance plans and wealth planning support than those with children, research from Killik & Co has found
Posted: 07/01/2026
An estimated 6.5 million current accounts that pay zero interest contained balances of more than £10,000 in 2025, new analysis by savings app Spring has revealed
Posted: 07/01/2026
GB Bank has seen its total assets increase by almost 117% year-on-year to £2.6bn in the 12 months to 30 September
Posted: 06/01/2026
Over half (57%) of UK pension savers are building up retirement savings outside of their pension, with a heavy reliance on cash raising concerns about long-term outcomes, research from Interactive Investor has revealed
Posted: 22/12/2025
The Bank of England (BoE) has announced a 0.25% cut to its base rate, bringing interest rates down to 3.75%, their lowest level since February 2023
Posted: 18/12/2025
Around one in five (19%) adults have less than £1,000 in emergency savings, AJ Bell research has revealed
Posted: 11/12/2025
LendInvest has announced a 17% year-on-year jump in platform assets under management (AuM) to £3.45bn
Posted: 08/12/2025
UK retail investors withdrew a net £4.5bn from funds in October, the latest figures released by the Investment Association (IA) have shown
Posted: 05/12/2025
AJ Bell has reported a record financial performance in its latest annual results as it recorded an 18% year-on-year jump in revenue to £317.8m
Posted: 04/12/2025
More than half of financial advisers have seen their business impacted by poor service from platforms, new research by Parmenion has indicated
Posted: 02/12/2025
The Government has confirmed it is to publish a consultation in early 2026 on the Lifetime ISA
Posted: 27/11/2025
AJ Bell has called on the Government to “go back to the drawing board” on ISA reform and deliver a long-term review of the market.
The investment platform said a review should be aimed at supporting retail investor engagement in the UK’s flagship savings and investment product
Posted: 24/11/2025
Contributions into a combination of Hargreaves Lansdown’s (HL) cash and stocks and shares ISAs have increased by 91% year-on-year between April and the end of October
Posted: 24/11/2025
Chief executive at Scottish Friendly, Stephen McGee, has stated that there is a "strong case" for reducing the cash ISA allowance in the upcoming Budget in order to increase household investments
Posted: 17/11/2025
The number of ISA millionaires has hit a record high of 5,070, according to new figures from money app, Plum
Posted: 14/11/2025
Over a quarter of over-55s (27%) in the UK have no will in place, leaving them exposed to potential probate complications and unexpected inheritance tax (IHT) bills, a study by Canada Life has revealed
Posted: 12/11/2025
The Bank of England (BoE) has chosen to keep interest rates at 4% in its final base rate decision ahead of the Budget
Posted: 06/11/2025
A third (34%) of active savers have not discussed how family or friends would support them as a power of attorney (PoA) if they were unable to look after their own financial affairs, Paragon Bank research has revealed
Posted: 06/11/2025
Halving the annual cash ISA allowance could provide a £7.2bn returns boost for cash ISA holders likely to invest their excess funds, new analysis by IG has indicated
Posted: 06/11/2025
The vast majority (94%) of ISAs with a market value of at least £1m are stock and shares accounts, according to new figures obtained from HMRC by Murphy Wealth
Posted: 03/11/2025
An estimated £31.6bn is languishing in UK adult savings accounts earning 1% interest or less, according to the latest analysis of CACI data from Spring
Posted: 31/10/2025
HSBC UK has seen its profit before tax fall by 6% to $4.92bn in the nine months to 30 September
Posted: 28/10/2025
Forty-seven per cent of advisers have reported that their clients are cutting pension contributions to invest in inheritance tax (IHT) solutions, new research by Downing has indicated
Posted: 28/10/2025
Over one in three people (36%) are keeping their savings with an account provided by their main current account provider, new research by Spring has shown
Posted: 27/10/2025
NatWest has recorded a year-on-year profit increase of 35%, totalling £1.68bn in the third quarter
Posted: 24/10/2025
Lloyds Banking Group has seen its profit after tax fall by 42% year-on-year in the third quarter to £778m, following an £800m charge for motor finance compensation arrangements
Posted: 23/10/2025
Younger financial advisers are more likely to be working with newer clients, a new study by NextWealth and Aegon has indicated
Posted: 21/10/2025
The Chancellor is looking to use her Budget in November to revive plans for an ISA overhaul, according to a report by The Financial Times
Posted: 15/10/2025
Vida Group has recorded a 463% year-on-year increase in its profit before tax to £10.7m in the six months to 30 June
Posted: 14/10/2025
Over two in five (44%) of savers with fixed rate accounts have already increased their savings into additional fixed accounts in anticipation of future Bank of England (BoE) base rate cuts, new analysis by Investec Save has shown
Posted: 14/10/2025
Independent financial advisers (IFAs) have reported a surge in enquiries with 68% suggesting that clients wanting to make changes ahead of the Budget is their biggest challenge, new research from Rathbones has shown
Posted: 10/10/2025
Over seven in 10 (73%) of easy access accounts either impose a cut-off time or fail to offer payments within two hours, research by Spring has found
Posted: 10/10/2025
Lloyds Banking Group has acquired the remaining 49.9% of share capital of Schroders Personal Wealth (SPW) from Schroders Group, in exchange for its 19.1% stake in Cazenove Capital
Posted: 09/10/2025
Three in five (60%) cash ISA holders in the UK could be persuaded to move some of their funds and invest in a stocks and shares ISA, a new report from Royal London has stated
Posted: 09/10/2025
The number of homeowners applying for an equity release loan with the purpose of gifting to family members or friends has increased by 9% on last year, new research by Canada Life has indicated
Posted: 30/09/2025
Wealth management firm Artorius has announced the acquisition of four investment managers and the completion of its migration to BNY Pershing
Posted: 23/09/2025
Financial advisers believe their current focus on portfolio management is costing them new business and hindering their ability to help people with effective financial planning, Rathbones Group has stated
Posted: 22/09/2025
Rising compliance and portfolio management demands are reducing the time that financial advisers are spending to address client concerns about their financial affairs, new analysis by Rathbones has warned
Posted: 19/09/2025
The Bank of England (BoE) has opted to hold interest rates at their current level of 4%
Posted: 18/09/2025
The total number of ISAs has increased to the highest level for 13 years, new figures released by HMRC have shown
Posted: 18/09/2025
Seven in 10 (70%) independent financial advisers (IFAs) are positive about their business outlook for the next 12 months, new research by ValidPath has indicated
Posted: 17/09/2025
Around one in three people (32%) believe they will need an inheritance to have enough income to live on in retirement, new research from Hargreaves Lansdown has shown.
A study by the investment platform revealed that 44% of respondents said they wouldn’t need an inheritance, while 24% said they were unsure
Posted: 15/09/2025
The rising number of UK retirees reducing the financial support they provide to younger generations raises “serious questions” about the future of intergenerational wealth transfer, Quilter has stated
Posted: 11/09/2025
The Government has failed to set out a plan for reforming the lifetime ISA (LISA), according to the Treasury Select Committee
Posted: 11/09/2025
Savers approaching or in retirement are set to face a significant rise in the tax they pay on savings interest, new analysis by Paragon Bank has indicated
Posted: 08/09/2025
The Treasury has confirmed that Rachel Reeves will announce her Budget in the House of Commons on Wednesday 26 November
Posted: 03/09/2025
The number of savings providers and product choices on the market reached respective record highs in August, Moneyfacts has revealed
Posted: 27/08/2025
Three in 10 savers (30%) are losing out on interest by keeping money in a savings account where a short-term bonus has expired, Investec Save research has found
Posted: 27/08/2025
Over one in three UK advisers (36%) are planning to increase existing clients’ assets under their advice in an effort to grow their business organically, new research from NextWealth and Aegon has shown
Posted: 27/08/2025
The number of bank, credit union and building society branches in the UK has declined by 34% in the space of five years, data from the Office of National Statistics (ONS) has shown
Posted: 22/08/2025
OSB Group has reported a 1.2% rise in net loans and advances to £25.4bn in its latest H1 results, supported by a 10% growth in originations to £2.1bn
Posted: 20/08/2025
Outstanding balances on credit card accounts have grown by 6.4% per cent over the last year, new UK Finance figures have indicated
Posted: 18/08/2025
Numbers of financial advisory firms and advisers have fallen significantly over the last three years, according to Freedom of Information data obtained by Begbies Traynor Group from the Financial Conduct Authority (FCA)
Posted: 18/08/2025
Absolute Financial Group, a new independent financial advice (IFA) consolidator, has officially launched today
Posted: 12/08/2025
The Bank of England (BoE) has announced a 0.25% cut to its base rate to bring interest rates down to 4%
Posted: 07/08/2025
Metro Bank has seen its profits more than treble in the first half of its financial year, increasing 252% to £45.1m from H2 2024
Posted: 06/08/2025
Wealth managers and financial advisers are at risk of ‘failing’ vulnerable customers and face major challenges in dealing with them, according to a study by Huntswood
Posted: 05/08/2025
Seventeen per cent of UK adults over the age of 40 have appointed a power of attorney (POA) in place, new research by Canada Life has highlighted
Posted: 05/08/2025
Seventeen per cent of active savers over the age of 65 have started gifting cash in response to the Government’s plans to include pensions in inheritance tax (IHT) calculations from April 2027
Posted: 01/08/2025
HSBC has recorded a "messy set of results" in the second quarter according to one analyst, after its pre-tax profit fell by 29% year-on-year to $6.3bn.
The bank said that this drop was due to the recognition of dilution and $2.1bn in impairment losses in BoCom
Posted: 30/07/2025
Barclays has reported a pre-tax profit of £5.2bn in the six months to 30 June, increasing by 23% year-on-year and beating expectations
Posted: 29/07/2025
Independent financial advisers (IFAs) could get more clarity about value for money (VFM) from their investment providers by using a simple checklist, Hymans Robertson has suggested
Posted: 25/07/2025
NatWest has seen its profit before tax increase by 18.4% year-on-year in its first half results, reaching £3.59bn
Posted: 25/07/2025
The vast majority of savers (97%) are against the Government’s plans to reduce the annual cash ISA allowance, according to a new survey by Hampshire Trust Bank (HTB)
Posted: 09/07/2025
Monzo has been fined £21.1m by the Financial Conduct Authority (FCA) for having inadequate anti-financial crime systems and controls
Posted: 08/07/2025
The last 12 months have seen a significant increase in the number of savers opening a cash ISA, analysis by Hargreaves Lansdown (HL) has shown
Posted: 07/07/2025
Darlington Building Society has warned that the Government’s anticipated cut to the cash ISA allowance could have "wide-reaching consequences" for mortgage funding, savers, the housing market and the UK economy
Posted: 03/07/2025
TSB has been bought by Spanish bank Santander in an all-cash deal worth £2.65bn
Posted: 02/07/2025
The Chancellor is expected to announce new plans to cut the cash ISA allowance in her Mansion House speech next month, according to reports
Posted: 01/07/2025
The UK wealth management industry is set for a record-breaking year of mergers & acquisitions (M&A), with 77% of wealth managers planning acquisitions in 2025, according to SEI
Posted: 27/06/2025
Over four in five (82%) easy access savings accounts offered by the UK’s main current account providers have some form of restriction attached, according to research by Spring
Posted: 23/06/2025
The Bank of England (BoE) has confirmed it will hold interest rates at their current level of 4.25%
Posted: 19/06/2025
UK inflation held at 3.4% in May, the Office for National Statistics (ONS) has revealed, ahead of the Monetary Policy Committee’s base rate announcement tomorrow
Posted: 18/06/2025
Over a fifth (21%) of retail investors have switched money from equities to cash in 2025 in response to global stock market volatility, Investec Save has found
Posted: 17/06/2025
An estimated 1.2 million one-year fixed term savings accounts due to mature before the end of 2025 could generate enough interest to incur a tax payment, research by Paragon Bank has shown
Posted: 17/06/2025
Product choice in the savings market has increased to 2,235 deals including ISAs, a new record high
Posted: 16/06/2025
Business lending by high street banks increased in Q1 to £4.6bn, a sixth consecutive quarterly rise and the highest amount since Q2 2022, new UK Finance figures have revealed
Posted: 16/06/2025
More than four in five (83%) people are "over-reliant" on their current account provider by having a savings account with the bank or building society that also provides their current account, Investec Save has revealed
Posted: 04/06/2025
Advisers have reported a rise in the number of clients now concerned about intergenerational planning, new research by HSBC Life (UK) has indicated
Posted: 03/06/2025
Over 8.3 million current accounts in the UK contain balances of more than £10,000, the majority of which are generating zero interest, according to new findings by savings app Spring
Posted: 03/06/2025
Nationwide returned a record £2.8bn to its members last year, including £1bn in direct payments to eligible members
Posted: 29/05/2025
Criminals stole £1.17bn through unauthorised and authorised fraud in the UK during 2024, new figures released by UK Finance have shown
Posted: 29/05/2025
Starling Bank has reported a 26% fall in pre-tax profit to £223m in its latest annual results, after revealing it had set aside cash to cover issues relating to COVID loan repayments
Posted: 28/05/2025
Over a third (35%) of British adults have admitted to not knowing how much interest their current or savings account earns, Spring has found
Posted: 27/05/2025
The Chancellor has confirmed that the £20,000 ISA allowance will remain in place amid speculation that the Government could reform the way ISAs work
Posted: 21/05/2025
The number of savings products including ISAs that are available on the market has fallen to 2,188 deals in May, new data from Moneyfacts has shown
Posted: 20/05/2025
One in 10 people in the UK have no cash savings available, while a further 21% have less than £1,000 to draw on in an emergency, the Financial Conduct Authority (FCA) has found
Posted: 16/05/2025
Consumer card spending increased by 4.5% year-on-year in April, new figures published by Barclays have shown
Posted: 13/05/2025
Chetwood Bank has surpassed £4bn in total customer deposits across its savings products and flows from distribution partners, marking a milestone in its growth
Posted: 12/05/2025
The Bank of England (BoE) has announced a 0.25% cut to interest rates to bring the central bank’s base rate down to 4.25%
Posted: 08/05/2025
Seventy-one per cent of specialist buy-to-let (BTL) brokers expect the Bank of England (BoE) to cut the base rate tomorrow, Landbay has revealed
Posted: 07/05/2025
Lloyds Banking Group has seen its profit before tax drop by 7% year-on-year in the first quarter, reaching £1.53bn
Posted: 01/05/2025
Many adults in the UK are “misguided” in their knowledge about estate planning, wills, and the laws of succession, according to research from Canada Life
Posted: 30/04/2025
Barclays UK has recorded a 14% increase in income to £2.07bn in its first quarter, driven by "higher structural hedge income" and the acquisition of Tesco Bank
Posted: 30/04/2025
Bridging loan activity has remained relatively stable in the first quarter of 2025, according to the latest Bridging Trends data
Posted: 30/04/2025
HSBC UK has reported a pre-tax profit of $1.71bn (£1.28bn) in its Q1 results, a figure up from $1.66bn in the previous quarter, but down from $1.81bn in Q1 last year
Posted: 29/04/2025
Equifax UK has called on the lending industry to unite in accelerating financial inclusion and tackling economic abuse, in an open letter to the industry
Posted: 29/04/2025
Overall product choice in the savings market has risen to a record high in April, as has the number of cash ISAs, new Moneyfacts data has shown
Posted: 22/04/2025
Business volumes across the consumer finance sector increased by 3% in February compared to 2024, the latest data from the Finance & Leasing Association (FLA) has shown
Posted: 15/04/2025
Financial services (FS) firms reported slower volumes of business growth in Q1, according to new research by the Confederation of British Industry (CBI)
Posted: 08/04/2025
Around half (49%) of independent financial advisers (IFAs) believe a reduction or removal of the current ISA allowance would prompt clients to move more money into investments, a new Opinium study has shown.
Opinium published its research, based on an online survey of 200 IFAs, ahead of savers rushing to meet this weekend’s tax year-end deadline
Posted: 04/04/2025
Retail investors are "overwhelmingly opposed" to scrapping or restricting access to cash ISAs, adding that they are doubtful that changes would boost stock market investing, Rathbones Group has found
Posted: 03/04/2025
Almost one in five (17%) UK adults have "never heard" of a stocks and shares ISA, while 25% of those who have heard of the investment product don’t know anything about it, The Investment Association has revealed
Posted: 27/03/2025
The rate of inflation in the UK slowed to 2.8% in the 12 months to February, the Office for National Statistics (ONS) has revealed.
This compares to consumer price index (CPI) inflation totalling 3% in the year to January
Posted: 26/3/2025
Savers are increasingly switching cash from instant access and notice accounts to fixed rate accounts in the expectation of more Bank of England (BoE) base rate cuts, Investec Save has found
Posted: 21/03/2025
One in every five cash ISA savers (20%) would switch to investing in the UK stock market if the cash ISA allowance was to be reduced or abolished
Posted: 20/03/2025
The Bank of England (BoE) has opted to hold interest rates at their current level of 4.5%
Posted: 20/03/2025
Over £54bn of adult cash ISA savings are earning 2% interest or below, with the majority being held in instant access accounts, Paragon Bank has found
Posted: 18/03/2025
Isle of Man-based Boston Multi Family Office has completed the acquisition of family office and fiduciary business Aqua Group
Posted: 17/03/2025
The number of cash ISA products available on the market has risen to 598 deals, its highest ever level, according to new data published by Moneyfacts
Posted: 17/03/2025
Thirty-one per cent of independent financial advisers (IFAs) have said they see succession planning as "vital", research by ValidPath has found
Posted: 17/03/2025
Gross lending to UK SMEs by the main high street banks increased by 13% in 2024 to just over £16bn, new figures released by UK Finance have shown
Posted: 14/03/2025
Nationwide is sending a £50 payment to more than 12 million of its customers, the building society has announced
Posted: 11/03/2025
The wealth gap between UK households who receive financial advice and those who have no financial plan in place is around £155,000 on average, research from St James’s Place (SJP) has shown
Posted: 07/03/2025
At least 158 banking IT failure incidents at nine of the UK's largest banks and building societies have affected millions of banking customers’ ability to access services in the last two years, new data published by the Treasury Committee has revealed
Posted: 06/03/2025
The share of gross lending by challenger and specialist banks has reached 60%, the highest level on record, a new report from the British Business Bank has revealed.
According to the findings, challenger and specialist banks are also continuing to outperform the UK’s bigger traditional banks
Posted: 04/03/2025
Savers grew the overall amount held in adult cash ISAs by £45bn last year as more people opted for the tax-free wrapper, research by Paragon Bank has shown
Posted: 04/03/2025
The average stocks & shares ISA fund has recorded a growth of 11.9% over the last 12 months, according to new analysis from Moneyfacts
Posted: 20/02/2025
Lloyds has "capped off a strong year", analysts have stated, as the firm’s net income reached £4.4bn in the final quarter, beating expectations by £100m
Posted: 20/02/2025
There are now almost 10,000 fewer finance businesses in the UK compared to 2020, a new report from the Payments Group has revealed
Posted: 20/02/2025
HSBC has announced a rise in pre-tax profit to $2.3bn in Q4 as the bank also detailed plans to cut an estimated $1.5bn from its cost base before the end of next year
Posted: 19/02/2025
UK inflation increased to 3% in the year to January, the highest rate since March last year, the Office for National Statistics (ONS) has revealed
Posted: 19/02/2025
The British Business Bank has agreed a further £100m increase to its existing facility with Oxbury Bank
Posted: 18/02/2025
NatWest has beaten expectations in the fourth quarter of the year, capping off what analysts have described as a "strong year"
Posted: 14/02/2025
Barclays has beaten expectations in its Q4 2024 financial results, with total income reaching £7bn
Posted: 14/02/2025
Gross lending in the bridging market totalled £822.2m in 2024, according to the latest Bridging Trends data
Posted: 12/02/2025
The chief executive of the Building Societies Association (BSA) has written to Rachel Reeves calling on the Chancellor to keep the cash ISA
Posted: 11/02/2025
Three in 10 couples (31%) who are planning to marry in 2027 or beyond will use loans to fund their weddings, new research by Pepper Money has shown
Posted: 10/02/2025
The Bank of England (BoE) has cut interest rates from 4.75% to 4.5% in its first decision on the base rate in 2025.
It marks the third cut to the base rate since the central bank started to bring interest rates down last August from a peak of 5.25%
Posted: 06/02/2025
Mothers are 79% more likely to open a junior ISA (JISA) or ISA for their children, compared to fathers, Columbia Threadneedle has found
Posted: 05/02/2025
SMEs are not utilising their options when it comes to accessing alternative finance, new research from Time Finance has indicated
Posted: 05/02/2025
An estimated 2.4 million fixed rate adult savings accounts are due to mature over the next three months, according to analysis from Paragon Bank
Posted: 05/02/2025
Confidence in financial wellbeing is growing among the UK’s working population, according to new research by LV=
Posted: 28/01/2025
More than half (51%) of over-55s are worried about running out of money and confused about their retirement income options, new research by Oxford Risk has indicated
Posted: 27/01/2025
Paragon Bank has reported an “encouraging” start to its financial year after posting growth in new lending volumes
Posted: 24/01/2025
The financial services sector is set to play a “key role” in designing a new growth and competitiveness strategy to boost the economy, the Treasury has announced
Posted: 21/01/2025
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