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P2P Lending Investment Returns Outstrip Many Market Competitors

By | 2018-10-17T13:31:39+00:00 October 17th, 2018|Banking, Personal Finance|

By Trevor Clawson. Peer to Peer (P2P) lending may be one of the newest kids on the investment block but according to new research from AltFi, it is paying out handsome returns. P2P lending arrived in the UK back in 2010 with the launch of Funding Circle. The idea was simple. In the wake of [...]

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Is something worse than 2008 around the corner?

By | 2018-10-16T08:14:23+00:00 October 16th, 2018|Banking, Business, Personal Finance|

By Mark Fairlie. In the latter part of 2008, financial markets around the world underwent the greatest level of upheaval and volatility since the Great Depression of the 1930s. Despite coming very close, according to some commentators, ATMs did, in the end, not stop dispensing cash and world trade did not collapse. In recent weeks, [...]

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Millennials Divided Into Those Who Save And Those Who Don’t

By | 2018-10-10T13:41:46+00:00 October 10th, 2018|Personal Finance|

By Trevor Clawson. A savings gap is opening up among 22 to 30 year-olds. According to the Office for National  Statistics, more than half of young people in this age group have no savings whatsoever, but at the other end of the spectrum, those who do save are putting much more aside than their counterparts [...]

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New Online Tool Shows Cost to Rent in any Postcode for a Lifetime

By | 2018-10-09T09:30:02+00:00 October 9th, 2018|Economy, Personal Finance|

By Mark Fairlie. A new online tool allowing users to find out how much it would cost them in rent over 50 years in their chosen postcode has been launched by window furnishings company, Thomas Sanderson. As well as showing the cost of renting a property over that period, the tool compares that figure with [...]

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Watchdog Cracks Down On Energy Complaints Handling, But Is It Enough?

By | 2018-10-03T13:50:07+00:00 October 3rd, 2018|Business, Personal Finance|

By Trevor Clawson. The Prime Minister’s conference speech announcement that a cap on domestic energy prices is to be imposed for the second year is a reminder that the high cost of gas and electricity remains a source of frustration for consumers - who also happen to be voters - at a time when wages [...]

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Ford agree to refund customers after engine failure

By | 2018-10-02T08:58:17+00:00 October 2nd, 2018|Business, Personal Finance|

By Mark Fairlie. Global car manufacturer Ford has said it will refund thousands of pounds to car owners following the sudden mass engine failure in vehicles fitted with Ford EcoBoost engines. Many drivers were initially told they would need to pay for the repairs to their cars themselves. Ford has since announced that they would [...]

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Tesco Bank fined £16.4 million over 2016 cyber attack

By | 2018-10-02T08:42:44+00:00 October 2nd, 2018|Banking, Business, Personal Finance|

By Lauren Howells. Tesco Bank has been fined £16.4 million by the Financial Conduct Authority (FCA), following a “largely avoidable” cyber attack which took place in November 2016. The financial regulator said that the bank had failed to exercise due skill, care and diligence in protecting its current account holders against an attack. The cyber [...]

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The Church of England rejects Wonga: but not the Industry…

By | 2018-09-29T09:05:08+00:00 September 28th, 2018|Business, Personal Finance|

The Church of England has now pulled out of its planned rescue of the collapsed payday lender, Wonga. But Archbishop of Canterbury Justin Welby is still calling for an ‘ethical lender.’ Does the industry need one? Or are the current lenders already meeting customers’ needs? By Mark Richards. At the beginning of last week, we [...]

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The Psychological Phenomenon putting People at Financial Risk

By | 2018-09-27T09:10:08+00:00 September 27th, 2018|Personal Finance|

By Mark Fairlie. One in three adults – equating to more than 17 million people in the UK – say they would not be able to recover quickly from an unexpected financial shock or unexpected loss of income. This comes from insurance firm Zurich’s latest research into how psychology impacts people’s approach to finances. The [...]

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Payment Fraud Costs Customers £500 But Are Banks Playing Fair?

By | 2018-09-26T13:34:07+00:00 September 26th, 2018|Banking, Personal Finance, Technology|

By Trevor Clawson. In the BBC television series Hustle, a gang of confidence tricksters are depicted as loveable rogues who target only the corrupt and greedy. “You can’t con an honest man,” was the mantra for the show. In reality, honest men and women are being conned every day by groups of criminals who are [...]

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