Sixteen point three per cent of older workers who rent are on track for a moderate retirement income, according to Hargreaves Lansdown’s Savings and Resilience Barometer, compared to 57.7% of those who own their own home
Lending across the second charge sector totalled £166.5m in August, according to figures reported directly from second charge lenders to Loans Warehouse
Many regulated firms in the UK are wasting hours of business time by using manual methods of verification to onboard new individual customers, new research has shown
Recent interest rate increases mean that UK homeowners are likely to spend an additional £1.6bn in interest payments on unsecured loans in the next year, analysis from Pepper Money has indicated
Offering consumers tailored credit offers that suit their individual needs and providing them with more choice is now a “major area of focus” for consumer credit lenders, Freedom Finance has stated
Financial priorities have seen a significant shift in the last six months as UK adults face rising inflation and increased living costs, new research from Aegon has indicated
The proportion of members transferring their pension increased to an annualised rate of 41 members per 100,000 in July 2022, a 41 per cent month-on-month rise, XPS Pension Group has revealed
More than 80% of regulated firms in the legal, property and finance and banking sectors are considering a switch to electronic verification (EV) of their customers, a new study has indicated
Interest rate rises on revolving credit, including credit and store cards, could cost UK homeowners an additional £2.8bn in the next 12 months, new estimates have suggested
Buy Now Pay Later (BNPL) firms are being warned by the FCA that all financial promotions of their products must comply with the regulator’s financial promotion rules