You are here: Home - Saving & Banking - News -

60 second news round-up: the top money stories of the week

Written by: Paloma Kubiak
Missed this week's big money stories? Here's our one minute summary of the key facts and figures from the last seven days.


The first half of 2016 has been a whirlwind and during this time, emerging markets and gold have performed well in a volatile environment. However, this week hasn’t been good for property funds as a number have frozen trading so we ask whether investors should be worried. Given the decline in gilt yields, we look at whether now’s a good time for yield-starved investors to consider corporate bonds. New research also shows how dividend growth is more important than headline yield and for savers, there’s more bad news as markets are pricing in a 78% chance of an interest rate cut next week.


Following the Brexit vote, annuity rates have plunged to new lows as a £100k pension pot will now get you an annual income of £5k. New research suggests that the vast majority of people are puzzled by pension freedoms and worryingly, young adults are pessimistic about the future of the state pension.

Household bills

You might not be wasting your time on social media as research shows that complainers posting on Facebook and Twitter for instance have pocketed £140m in refunds and gifts. We also revealed how daughters cost thousands of pounds more to raise than sons and if you’re thinking of your next family holiday, be aware that parents have been fined £5m for pulling their children out of school during term time to save money. It’s also been bad news for motorists as they’ve been hit by a fourth month of fuel price rises and if you’re getting married, we look at whether it’s worth getting wedding insurance.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape for summer, and moving your cash savings to a higher paying deal is ...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Low interest rates and rising inflation: what does it mean for your money?

The governor of the Bank of England has strongly hinted of an interest rate cut but due to the weakened...