The average UK couple keeps 63 per cent of their savings and investments separate, with just over £3 billion now stashed in ‘secret’ savings accounts.
Banking regulators in Jersey have warned consumers and investors not to deal with a bank claiming to operate in the Channel Islands.
The number of private rented sector tenants in poverty has doubled in the last decade from 2.1m in 2002/03 to 4.1m in 2012/13, research has revealed.
UK Consumer Price Index (CPI) inflation rose to 1.3 per cent in the year to October, according to ONS figures released today.
New credit card deals and special offers abound this week as financial service providers gear up for the Christmas shopping season.
Unemployment in the UK fell by 115,000 to 1.96 million in the three months to September, according to the Office for National Statistics (ONS).
The Financial Conduct Authority (FCA) and US authorities have hit five banks with fines totalling £2bn for failing to properly control their foreign exchange practices.
The poorest 20 per cent of UK households will be unable to afford to save until 2020, according to the latest Post Office Future of Savings Report.
Brits are still struggling to save, according to Lloyds Bank, despite the economic recovery and a widespread belief in the importance of emergency funds.
Almost 1.6 million more consumers contacted the Money Advice Service (MAS) in the last three months than in the same period last year, latest figures show.
The Competition and Markets Authority has decided to move forward with a full scale investigation of the retail banking sector.
Consumer confidence has dropped for the second time in 2014, according to the Lloyds Bank Spending Power Report for September, though sentiment remains fairly positive.
The steady increase in the amount Brits are saving seen through the first half of 2014 has come to a halt, with the average adult now putting away just 7.63 per cent of their monthly income.
Third party fraud – more commonly known as identity theft – now accounts for 47 per cent of all fraud cases prevented and detected.
A third of Brits will start the New Year in debt after an expensive holiday season, according to the Money Advice Service (MAS). Can planning ahead help you avoid the debt trap?
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