NatWest Reveals 5 Most Common Money Scams
How many NatWest customers have been the victim of financial scams since 2016? According to the bank's own figures, it's a whopping 7,000.The bank, which is co-owned by the Royal Bank of Scotland, prides itself on creating 'safe, simple banking'. Little wonder, then,...
Consumers Focus on ‘Essential’ Purchases as Inflation Woes Hit
Consumer spending on 'non-essential' purchases are falling, according to a report by the British Retail Consortium (BRC).It was just a matter of time, of course, before consumers – already concerned about the economy, and the state of their personal finances – started...
New 8.7% ‘Peer-to-Peer’ ISA Launches, But Problems Loom
Look out, savers, there's a new type of ISA in town – and it's offering an attractive 8.7% interest rate on your savings. But before you rush out to sign up, it's worth knowing what this new ISA is, and why that generous interest rate might not be all it's cracked up...
National Living Wage Increases: How Much Will You Get?
The Government’s National Living Wage increased on April 1st, which means you could be in line for a pay rise – technically, at least. As laid out by Chancellor Philip Hammond during his recent budget, on Saturday, the minimum wage rose by 30p, from £7.20 to £7.50....
Former Minister Condemns New Lifetime ISA as Next ‘Mis-selling’ Scandal
The government's incentive for savers, a lifetime ISA, launches in April – but industry figures are far from impressed. Announced by George Osborne back in 2016, the lifetime ISA is designed as a tax-free savings account for the under-40s. But just months after...
Why the NIC U-Turn Isn’t Over for Self-Employed
The self-employed took a collective sigh of relief last week, when Chancellor Philip Hammond announced a dramatic U-turn on raising Class 4 national insurance contributions. But the news doesn't mean the self-employed are out of the woods yet.The Chancellor's...
Savers Get Help Thanks to New Market-Leading Bond
You might've missed it, eclipsed by the uproar over national insurance contribution hikes for the self-employed, but Philip Hammond's Budget 2017 did offer some help for savers who are feeling the pinch. This is all down to the new market-leading bond which is going...
What is Your Credit Rating and How Can You Improve It?
How good is your credit rating? That's an individual score given to you to help lenders understand whether they should lend to you, and if so, it helps determine the amount they'll give you.Your entire credit rating is founded on – unsurprisingly – your past credit...
How Much Do You Know About the UK’s Growing ‘Challenger Banks’?
Think of UK banking and you are likely think of Lloyds, Barclays, HSBC and the Royal Bank of Scotland: these are commonly referred to as the 'big four', and they're the banks with branches up and down the country's high streets. However, they're far from the only...
Pensioners Now Better Off Than Workers, Research Shows
Research published this week by the Resolution Foundation for the Intergenerational Commission shows that pensioners now earn more than those in working households – revealing a dramatic reversal of the situation 16 years prior. A study from the Resolution Foundation...