More than three quarters of over-45s see this as a real danger because local authority support in England is means tested and councils will only step in once assets fall below £23,250. That’s an incredibly low level and even then councils only offer partial support. All assets including savings, investments and the family home are […]
An annuity is a guaranteed income for life that people buy with their pensions. Before 2015’s pension freedom reforms, retirees were obliged to buy them. Demand crashed once that obligation was removed, as ultra-low interest rates made annuities look poor value and many pensioners considered them inflexible as buyers are locked in for life. Today, […]
Thousands of desperate borrowers are being warned they are at risk from loan sharks now that Morses Club, one of the last remaining doorstep loan providers, has folded. Being left high and dry after the lender, along with its brands Dot Dot Loans and Shelby Finance, went into administration makes families, often with poor credit […]
The Money Saving Expert team have explained how people can make a difference by using cashback. The Martin Lewis MoneySavingExpert (MSE) weekly newsletter claimed that if someone combined all four cashback routes, they could “become a cashback champion.” Britons can earn cashback on some credit cards, debit cards, apps, and via cashback websites. As the […]
The BBC licence fee is set to increase by more than £10 next year – but bosses had hoped for a hike of closer to £15. The annual levy currently costs £159, and that figure will rise by 6.7 percent in line with the rate of inflation in September – after the Government negotiated with […]
British American Tobacco has written off £25billion from the value of its US cigarette business due to people switching to smokeless alternatives and tough trading conditions. Chief executive Tadeu Marroco said it is assessing both the “value and useful economic lives” of its US cigarette brands, which include Lucky Strike, Newport, Pall Mall and Camel. […]
Four in 10 adults who collect credit card points would happily pay a bigger share of a restaurant bill – just to snaffle the rewards, research has found. A poll of 1,000 adults, who use rewards credit cards, found a third are willing to argue with a friend over who gets the points. One in […]
One in three millennial and Gen Z adults still have some of their bills and subscriptions paid for by their parents, research has found. A poll, of 1,000 adults aged 18 to 35, found 32 percent still have their phone bill paid for by their mum and dad, while 35 percent also use their parents’ […]
Over 200,000 state pensioners have reportedly been “left out of pocket” due to historical errors made by the Department for Work and Pensions (DWP). A Government committee has claimed the DWP has been “asleep at the switch” after older Britons were underpaid by £1.3billion last year. According to the Public Accounts Committee (PAC), £8.2billion has […]
Many experts have warned that banks and building societies will likely reduce the current rate deals they have on offer. However, analysts from money.co.uk have outlined the top savings accounts for this week which show that deals continue to be favourable for savers. Here is a breakdown of this week’s best easy-access and notice savings […]
