Independent - Money

High street banks ‘losing vice-like grip on UK’s current accounts’

Thu, 20 Jan 2022 16:54:35 +0200

Innovative mobile apps have helped attract customers to newer digital challengers, the Financial Conduct Authority said.

Shortages of homes for sale are driving up prices, say surveyors

Thu, 20 Jan 2022 02:01:00 +0200

Some 69% of property professionals reported a rise rather than a fall in house prices in December, the Royal Institution of Chartered Surveyors said.

Scammers redirecting people to official Post Office website in ‘convincing’ con

Wed, 19 Jan 2022 18:37:49 +0200

If victims input their details and pay for a new delivery date, fraudsters may redirect them to the official website, Which? said.

UK has around 2,000 ‘Isa millionaires’, figures show

Wed, 19 Jan 2022 09:00:25 +0200

About 80 pots were valued at £2m-plus, according to figures obtained from HM Revenue and Customs by InvestingReviews.co.uk.

Claim your own tax rebates, Which? warns, as payers lose thousands to refund firms

Wed, 19 Jan 2022 09:00:00 +0200

As the self-assessment deadline looms, taxpayers are being warned against using expensive third parties for rebate claims they can submit for free

Five ways your energy bill could be wrong

Wed, 19 Jan 2022 09:00:00 +0200

Now is not the time to be paying for a mistake

Savers to be ‘nudged’ into better pension decisions

Wed, 19 Jan 2022 09:00:00 +0200

But ‘shambolic handling’ of ‘mind-bending’ new rules mean pensioners are still paying for confusion

Pensions dashboards should have interactive features, says ABI

Wed, 19 Jan 2022 02:01:00 +0200

Younger people were more likely than those of retirement age to want options which are not just ‘read-only’, the ABI said.

Clampdown on misleading cryptocurrency adverts announced

Tue, 18 Jan 2022 13:30:31 +0200

The promotion of cryptoassets will be subject to Financial Conduct Authority rules, in line with the same standards as other financial promotions.

Savers need stronger support to navigate pensions minefield, say MPs

Tue, 18 Jan 2022 02:01:00 +0200

A target should be set for people accessing the free service Pension Wise or taking paid-for advice, the Work and Pensions Committee said.

Cashback in shops ‘not enough on its own to plug gaps in fragile cash system’

Tue, 18 Jan 2022 02:01:00 +0200

Which? found nearly half of people said they are unlikely to use the cashback without a purchase scheme in shops.

Amazon reverses decision to ban customers from using Visa credit cards

Mon, 17 Jan 2022 16:59:00 +0200

The online retailer had intended to introduce the changes from Wednesday, having warned customers that the card company’s fees were too high.

Average price tag on a home jumped by £852 in January, says Rightmove

Mon, 17 Jan 2022 02:01:00 +0200

The average asking price for first-time buyer homes hit a new record of £214,176 in January, Rightmove said.

Average cost of funeral decreases over a year, report finds

Mon, 17 Jan 2022 02:01:00 +0200

The typical cost of a funeral was £4,054 in 2021, marking the first time since SunLife’s research started in 2004 that the figure has decreased.

Nearly a third of people have low financial wellbeing, survey finds

Mon, 17 Jan 2022 02:01:00 +0200

Those who feel in control of their money are more likely to feel satisfied with life generally than those earning over £50,000, according to research.

Number of families spending 10% of budgets on energy bills ‘set to triple’

Mon, 17 Jan 2022 02:01:00 +0200

The number of households in England in ‘fuel stress’ is set to triple after the energy price cap is increased, the Resolution Foundation said.

118,000 benefits claimants ‘facing injustice after ESA benefits error’

Thu, 13 Jan 2022 02:01:00 +0200

Those affected should be able to claim compensation in recognition of the “potentially devastating impact” on their lives, an Ombudsman said.

Fifth of people not visited bank branch since before pandemic – survey

Wed, 12 Jan 2022 17:52:23 +0200

Less than a quarter of those surveyed had visited a branch once within the previous six months.

The false economies that will cost you a fortune in 2022

Wed, 12 Jan 2022 09:00:00 +0200

Delaying your tax return or ignoring that leaking pipe? It will cost you more in the long run

Bank of mum and dad fuels financial inequality – with more than property

Wed, 12 Jan 2022 09:00:00 +0200

‘Parents have become the gatekeepers to their children’s adulthood’, study finds as figures show the top 1 per cent of the population holds more financial wealth than the bottom 80 per cent