Summer holidays

As thoughts turn to your summer holiday, unfortunately this year’s break will cost an extra £400 compared with last year due to the implications of Brexit so we outline how you may be able to save money by buying foreign currency online rather than in-store. It’s also essential you buy the right insurance cover for you and your family as new shocking statistics reveal how emergency medical bills can cost more than a house. If you’re back from your holiday and you suffered a flight delay, we explain how you may be able to claim compensation.

Investing

In the low interest rate environment, we reveal three funds that yield 20 times the base rate and following the Brexit vote, Aviva this week published a note to investors letting them know that its property fund would stay closed for 6-8 months. We also question whether investors should avoid overexposure to UK markets, especially in light of news from The Share Centre which reveals that investors have shifted interested towards global and income funds.

Savings

Following a two-year investigation into the retail banking industry, the Competition and Markets Authority told banks to undergo a tech revolution to boost switching but the new apps proposal was met with much criticism. It’s been a week since interest rates were cut by 0.25% to 0.25%, yet Tesco Bank has cut rates on savings accounts by 0.35%.