A total of £503.4m was stolen by criminals through authorised and unauthorised fraud in the first six months of 2018, new data from UK Finance has shown.
During the same period, the finance industry prevented £705.7m of unauthorised fraud, equivalent to £2 in every £3 of attempted unauthorised fraud
HMRC has recently been sending ‘nudge letters’ to taxpayers who are believed to have offshore assets which may give rise to income and gains attracting UK tax, but leading tax firm Blick Rothenberg questioned whether the revenue has given people enough time to respond
Hargreaves Lansdown (HL) has introduced a new service for cash savers which will allow them to pick and mix fixed term savings products from a range of UK banks and building societies through one online account; and more...
The number of people using ISAs has fallen to the lowest level since 2000, but the amount saved increased year-on-year to almost £70bn, according to latest governmental figures
Eighty-one per cent of consumers aged 55 or over feel they could take out an equity release plan without the help of a financial adviser, according to a new survey
Sixty-two per cent of savers would prefer their savings, including their pensions, invested in assets that take climate change impacts into account, according to new research by ClientEarth
The Financial Conduct Authority (FCA) has recently announced that, in collaboration with 11 other regulators and related organisations, it has created the Global Financial Innovation Network (GFIN), in order to build on the FCA’s proposal to create a ‘global sandbox’
Moneyhub has recently announced that it has secured Payment Initiation Services Provider (PISP) authorisation from the FCA, cementing its place as a pioneer of open banking; and more...
Since the launch of the Help to Buy (HTB) ISA, 146,753 property completions have been supported by the scheme, according to the latest figures from HM Treasury’s Help to Buy: ISA scheme Quarterly Statistics
Legal & General Home Finance has recently announced a new 5-year partnership agreement with Virgin Money, which will see the retirement lender offer its lifetime mortgage product range to the bank’s interest-only customers aged 55 and over; and more...
In the recent Treasury Select Committee report, it states that responsibility for improving overall levels of household net saving sits “more appropriately” with the government and HM Treasury, rather than the financial regulators
The Financial Conduct Authority (FCA) has recently issued a discussion paper on whether it should introduce a Basic Savings Rate (BSR) in order to support those savers who leave their money sitting in an easy access savings account
