With an election looming, Labour leader Kier Starmer and shadow chancellor Rachel Reeves are planning to wreak yet more havoc on private sector pensions. At the same time, they will make sure their mates in the public sector retain benefits the rest of us can only dream of. In March last year, Chancellor Jeremy Hunt […]
A Premium Bonds customer was frustrated to be effectively locked out of their account for several days after a login error. The unhappy saver initially contacted NS&I over X on Wednesday, February 7, to ask how long it takes for a password reset to be sent out in the post. They claimed they needed access […]
People building up their pensions have been urged to take advantage of a little-known rule about where their pots are invested. Retirement experts at Path Financial have encouraged those saving up for retirement to read up on how their pension investments work. David MacDonald, founder of Path Financial, told Express.co.uk: “Most people are unaware that […]
Britons are being urged to check if they could be entitled to one of the DWP’s most underclaimed benefits, Pension Credit. Research by Charity Age UK estimates as many as 800,000 pensioners could be entitled to the benefit but aren’t receiving it, despite a rising number struggling with current living costs. Pension Credit can be […]
UBL UK has increased the interest rate on its fixed Cash ISA to 4.61 percent, earning an “excellent” Moneyfacts rating. Savers need at least £2,000 to invest and interest can be paid monthly or annually. Commenting on the deal, Caitlyn Eastell, a spokesperson at Moneyfactscompare.co.uk, said: “UBL UK has increased the rate on its Two-year […]
The DWP has responded to a petition urging for plans to check benefits claimants’ bank accounts for fraudulent activity to be scrapped. The controversy relates to an amendment to the Data Protection and Digital Information (DPDI) (No.2) Bill, added in November 2023, which would grant new powers to the DWP in its efforts to tackle […]
The think tank, Resolution Foundation suggests people should be allowed to “borrow” from their pension pots to manage financial challenges before retirement. They believe this could help individuals handle significant events or difficult circumstances. According to the Foundation, Britain faces a £74 billion savings gap compared to a nation where every working family has at […]
The average two-year fixed mortgage rate has seen its biggest drop since December 2022, according to financial information website Moneyfacts. The average rate fell from 5.93 percent at the start of January this year to 5.56 percent at the start of February 2024. Five-year fixed mortgage rates also decreased, going from 5.55 percent to 5.18 […]
The Bitcoin price is hugely volatile, and nobody knows where it will go from day to the next. Diehard crypto fans believe the alt-coin will one day fly “to the moon” and be worth hundreds of thousands of dollars. Others are more sceptical. Either way, it’s an incredibly risky investment, and most people should stand […]
Mortgage repayments are forecast to increase by nearly £400 a year on average if interest rates fail to reduce and house prices rise as predicted. Breaking the costs down, specialist property lending experts, Octane Capital, estimated that the nation’s first-time buyers could see the annual cost of their mortgage climb by £398 per year in […]
