Breaking UK News: personal finance news, mortgages, pensions, tax, personal loans, money, isa, savings, credit cards

19m contactless payments made in Europe in March - Mon, 20 May, 2013
More than 19 million contactless payment transactions were carried out across Europe in March, with developers of the technology calling the month a “watershed moment” for it. Around 5.3 [more]
London rents reach record high - Fri, 17 May, 2013
Rents in London have risen to a record high, reaching an average of £1,110 a month, with a 3.9 per cent year-on-year average rise in rents seen throughout England and Wales. The research carri [more]
Middle-aged people facing the greatest budget pressure - Thu, 16 May, 2013
New research has shown that middle-aged people are the most financially stretched of all the age groups in the UK, with 18 per cent of people in their 40s and 50s admitting that their budgets would cr [more]
Post Office launches three new current accounts - Wed, 15 May, 2013
The Post Office has launched three new current accounts as part of its efforts to offer a real alternative to the high street banks. The three accounts that are being launched are a standard no-fee [more]
ONS figures reveal household debt burdens - Tue, 14 May, 2013
Newly released figures have shown that the total value of outstanding property debts in the UK stood at £848 billion at the start of the financial crisis. The Office for National Statistics (O [more]
CML figures show house repossessions at five-year low - Fri, 10 May, 2013
New figures from the Council of Mortgage Lenders (CML) have shown that the number of house repossessions taking place by mortgage lenders has reached a five-year low. The figures for the three month [more]
£30m spent on unauthorised app purchases - Thu, 9 May, 2013
Children have racked up around £30 million in unauthorised purchases through smartphone and tablet apps, according to a study carried out by Windows Phone UK. Purchases made by children via gam [more]
Young people relying on parents for financial and emotional support - Wed, 8 May, 2013
Young people under 30 are increasingly relying on their parents for financial and emotional support as the economy is making it more and more difficult to become independent, according to new research [more]
Research shows people cutting back on saving - Tue, 7 May, 2013
Nearly a third of British savers will have to cut back on the amount they put away over the coming months, according to the new quarterly savings index from Lloyds TSB. The index showed that the pres [more]
Economic crisis raising financial awareness in children - Fri, 3 May, 2013
New research has shown that the poor economic climate is making more and more children aware of saving money and financial precautions. The study, carried out by insurance and investment company Sco [more]
FCA warns over interest-only mortgage shortfalls - Thu, 2 May, 2013
The Financial Conduct Authority (FCA) has warned that nearly half of the 2.6 million homeowners in the UK who have interest-only mortgages could face being unable to pay off their home loans when they [more]
Savers missing out on best easy access account rates - Wed, 1 May, 2013
New research has indicated that 11 out of 12 easy access savers have not changed their savings accounts in the last year, despite interest rates falling to all-time lows. The research, carried out b [more]
Over-55s increasingly looking to downsize - Tue, 30 Apr, 2013
Nearly one out of five people over the age of 55 are looking to downsize their homes due to the rising costs of maintaining them. The research, carried out by retirement specialists, Key Retirement [more]
Five-year fixed-rate mortgages on the rise - Mon, 29 Apr, 2013
Increasing numbers of people are taking out fixed-rate mortgage agreements of five years or more as borrowers seek the certainty of longer-term commitments on their deals. Mortgage lenders are offer [more]
Many people deliberately missing borrowing repayments - Fri, 26 Apr, 2013
New research has shown that significant numbers of people have deliberately missed making repayments on loans or credit cards in the last six years because they have not been able to afford it. The [more]
OFT revokes licences of two payday loan firms - Thu, 25 Apr, 2013
The Office of Fair Trading (OFT) has revoked the licences of two payday loan companies after discovering that an associate of both companies had been convicted of offences involving violence and fraud [more]
Final salary pensions worth far more than defined contribution schemes - Wed, 24 Apr, 2013
New research has shown that the median worth of a final salary pension stands at £178,000, more than six times the median £29,000 amassed in standard schemes. The Government figures indi [more]
People facing raw deals on prepay energy meters - Tue, 23 Apr, 2013
Households that use prepay meters for their energy supplies are paying as much as £300 more every year than people on the cheapest fuel tariffs. Analysis of figures on comparison sites includi [more]
Santander most complained about bank - Mon, 22 Apr, 2013
The Financial Conduct Authority (FCA) has revealed that Santander is the bank that it receives the highest number of complaints about, with an average of four complaints made for every 1,000 of its cu [more]