With the FCA announcing changes to regulations around overdraft fees and charges, consumers should (in practice) be able to more easily compare the true costs of an overdraft. However, questions still remain regarding whether these changes will benefit consumers or cost them more in the long run. In April 2020 FCA regulations will tighten, meaning …
Overboard on Overdrafts: Changes for Consumers Coming Soon Read More »
Have you received a refund for a PPI settlement in the last 4 years? Many consumers who received a refund had tax automatically deducted from their total, and as such, will be entitled to a full or partial refund. Automatic deductions for tax could have been made from statutory interest that has been paid out …
As the old adage goes – ‘save the pennies and the pounds take care of themselves’. This maxim supports the notion that maintaining a savings account and investing leftover cash can push individuals into a much better financial standing over an extended period of time. Undoubtedly, this remains solid advice and any type of saving …
Demystifying Financial Products: A Short Guide to Pensions and ISAs Read More »
The UK consumer credit lending market demonstrated an increase in the amount of outstanding debt of approximately £9.9 billion over a two-year period between the end of 2017 and December 2019. To put this into context, this is just shy of two billion £5 notes. When you look at the repercussions of personal debt, 350 …
The Dread of Debt: Regaining Control of Your Finances Read More »
As confusion surrounded the potential administration of airline Flybe last week, many consumers understandably found themselves panicking about the security of their bookings and hard-earned money. Although the Government intervened and assisted the airline before it was too late, many will undoubtedly remain cautious when booking holidays in the near future. With that in mind, …
Safety In Numbers – Protecting Your Hard-Earned Cash Read More »
We all do it. Well, I know I do. We make that list in the week between Christmas and New Year of all the things that we promise ourselves that we will do over the course of the next 12 months that will fix our lives, make us more financially stable and let us save …
