Press Releases
NatWest appoints new CEO as bank reveals highest profit since 2007 | Personal Finance | Finance

NatWest Group has announced Paul Thwaite as its new permanent chief executive, and also revealed its highest yearly profit since before the 2008 financial crisis. Mr Thwaite takes over from Dame Alison Rose, who left after a debanking row last year. The NatWest board described Mr Thwaite as an “outstanding candidate and the right person […]

Updated: Feb 16, 2024
Retirees flock to buy annuities as sales hit highest level since 2014 | Personal Finance | Finance

Sales of retirement annuities hit a record high last year, according to the Association of British Insurers (ABI). In 2023, annuity sales rocketed with a total value of £5.2 billion, marking a 46 percent increase compared to 2022. This is the highest annual value since 2014 when pension freedoms were introduced, giving retirees more flexibility […]

Updated: Feb 16, 2024
Spring Budget 2024: From Income tax to stamp duty – what could Jeremy Hunt announce? | Personal Finance | Finance

This Spring budget is March 6 (Image: Getty) The Chancellor of the Exchequer, Jeremy Hunt has less than three weeks to go until the Spring Budget. Households will watch the Budget keenly for any changes to taxation and benefits that could give a boost to their own financial outlook after years of uncertainty, stretched disposable […]

Updated: Feb 16, 2024
Pensions expert explains £299 DWP benefit going unclaimed – check if you are eligible | Personal Finance | Finance

Around 850,000 pensioners are at risk of missing out on a £299 cost of living payment they are eligible for. The latest payment from the Government has started entering bank accounts of low-income households and pensioners. It is designed to help with food and heating costs during the final part of winter. Among people who qualify […]

Updated: Feb 16, 2024
DWP faces fury as pensions minister confirms expats won’t get frozen payments uprated | Personal Finance | Finance

The DWP has no plans to uprate frozen state pension payments to half a million British expats, pensions minister Paul Maynard has said. Tory MP for Delyth Rob Roberts told Mr Maynard it was a “matter of simple fairness” to British citizens living in Commonwealth countries to be entitled to an uprating of their state […]

Updated: Feb 16, 2024
Abu Dhabi firm trying to buy Telegraph in £1.15bn deal for Fleabag company | Personal Finance | Finance

The company trying to buy the Telegraph newspaper is now set to purchase the creators of hit shows like Fleabag and Traitors for a whopping £1.15 billion! RedBird IMI, led by ex-CNN boss Jeff Zucker, will take over All3Media in London after striking a deal with its current owners. All3Media, based in London, has made […]

Updated: Feb 16, 2024
HMRC to make £299 payment to 700,000 households from today | Personal Finance | Finance

A £299 cost of living boost will land in the bank accounts of about 700,000 households from Friday. This payout is given to recipient families or individuals who get tax credits but no other added benefits. The money movers are HM Revenue and Customs (HMRC), dishing out cash to those deserving in all parts of […]

Updated: Feb 16, 2024
Widowed grandad, 80, loses £17k to scam days before moving 300 miles | Personal Finance | Finance

An 80 year old widowed grandad has lost his life savings of £17,000 to a cruel scam. John Fillingham’s world turned upside down when he was tricked by a fake bank call. John, who had been living on his own since his wife passed away in 2009, was getting ready for a big move from […]

Updated: Feb 16, 2024
ISA millionaires soar to ‘record high’ – and three key factors that ensure success | Personal Finance | Finance

ISA millionaires are increasing year on year following a “bumper year” for investments, new data shows. On interactive investor (ii), the UK’s second-largest investment platform, the number of ISA millionaires has surged to a “record high” of 1,001, according to the firm. As of January 2024, the total is up 17 percent from the 852 […]

Updated: Feb 16, 2024
Train ticket prices surge by more than £100 for single journey in ‘eye-watering’ rise | Personal Finance | Finance

The price hikes were revealed by analysis of tickets sold by Government-owned operator LNER (Image: Getty) A trial to simplify train fares is adding more than £100 to the cost of some journeys on one of Britain’s busiest railway lines. The trial was introduced as a way to make train fairs simpler, however, campaign groups […]

Updated: Feb 16, 2024