Press Releases
Cheap petrol scheme will let drivers save hundreds with lowest prices in their area | Personal Finance | Finance

A new scheme is being launched to ensure retailers share information about pump prices through live data with expectations that price comparison tools will be rolled out. Information shared by the fuel sector will be collected by a single body as part of a ‘PumpWatch’ scheme. The live data will then be made available to […]

Updated: Jan 16, 2024
Debt advice website’s visitor numbers more than doubled on Christmas Day | Personal Finance | Finance

Britons are predicting a tough year ahead after a surge in those seeking help from a professional debt advice website, a charity has reported. More than two in five (43 percent) people think their household financial situation will worsen in 2024, researchers showed. Nearly 1,000 people accessed debt advice on its website on Christmas Day […]

Updated: Jan 16, 2024
DWP faces fury over Work Capability Assessments as thousands tipped to miss out on support | Personal Finance | Finance

Hundreds of thousands of people with serious mobility or mental health conditions may be denied support as of next year under Government proposals, new figures show. The figures, released by the Office for Budget Responsibility (OBR) after a request from anti-poverty charity Z2K, show that by 2029, an estimated 230,000 people with serious mobility problems […]

Updated: Jan 16, 2024
DWP state pension underpayments: How to claim arrears when a person has died | Personal Finance | Finance

Relatives of state pensioners who have died but who are owed payments by the DWP can still claim their loved ones’ funds. The DWP has identified thousands of people who were underpaid their state pension because of errors in the system – and sadly some of these people have now died. This may apply to […]

Updated: Jan 16, 2024
Falling house prices and inflation pose risk to middle income earners, report warns | Retirement | Finance

Falling house prices and inflation now pose a dual threat to the retirements of middle-income earners in particular, a report warns. Pension plans are in disarray for those who own neither enough equity in their homes to shield from price falls, nor the profit from sales to boost their income in later life. The value […]

Updated: Jan 16, 2024
Scotch whiskey brought in over £7billion to the UK economy in 2022 | City & Business | Finance

Scotch whisky brought £7.1billion into the UK economy in 2022, a report has revealed. The Scotch Whisky Association said whisky’s contribution to the economy in that year had increased by 29% since 2018. The industry is worth £5.3billion to Scotland alone, equating to around 3% of Gross Value Added – its contribution to the economy. […]

Updated: Jan 16, 2024
TSB launches new £125 bank switching offer and ‘doubles’ cashback for customers | Personal Finance | Finance

As of today, new TSB customers can get up to £215 with the bank’s new current account switch and cashback offers. New customers switching to TSB’s Spend and Save, or Spend and Save Plus current account can receive £125 and up to £90 in cashback in the first year of account opening. To get the […]

Updated: Jan 16, 2024
Scam victim, 84, devastated as frauds pose as bank to steal £100,000 life savings | Personal Finance | Finance

An 84-year-old has been left devastated after being “scammed” out of £100,000 in life savings that he’d planned to pass onto his children. Paul Henderson from Glen Parva says the sum disappeared after three phone calls that he initially thought was The Co-operative Bank’s fraud team. The Leicestershire pensioner didn’t think the December 13 call […]

Updated: Jan 16, 2024
Average pension pot is £107,000 – here’s how much you really need | Personal Finance | Finance

Making pensions and other savings stretch was hard enough when people lived into their late 70s or 80s, but it’s even tougher with 550,835 people in England and Wales now living into their 90s. The number living to 100 has more than doubled in the past 20 years to 15,120, according to the Office for […]

Updated: Jan 15, 2024
DWP Cold Weather Payments triggered for 211,000 more people – full list of postcodes | Personal Finance | Finance

Cold Weather Payments have activated for hundreds of thousands of people as the mercury plummets this week. The Department for Work and Pensions (DWP) has triggered the payments for 211,000 ahead of a cold spell expected to bring hazardous conditions to much of the country. National Severe Weather Warnings have outlined the risk of ice […]

Updated: Jan 15, 2024