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Lloyds Banking Group (LBG) is to pay 200,000 customers around £6 million for denying them seven years of interest payments.
Blog Category: Money Saving
A lot is due to happen in 2019 – not least the PPI claims deadline on August 29th – covering everything from how much tax you’re charged, what you’re paid in benefits and how to switch mobile phone providers.
Former Prime Minister and Chancellor Of The Exchequer Gordon Brown has claimed the world is ‘sleepwalking into the next financial crisis’ while current Chancellor Philip Hammond says we are still feeling the after-effects of the last.
A new poll has found that two-thirds of Britons still don’t trust their banks, a decade after the financial crash.
Britain’s banks and building societies could soon be forced to set a minimum basic interest rate on their savings accounts after the country’s regulator said it was concerned that consumers are getting poor returns on their money.
As the countdown to the festive season gathers pace, we are all looking forward to some time off work and lots of good food, good wine and presents.
But it’s an expensive time of year and for many of us it’s followed by a very unwelcome credit card bill in January.Read More
The Financial Conduct Authority (FCA) is planning to force home and car insurers to tell customers what they are currently paying for their policy when it’s time for renewal.
In most cases renewal notices sent to consumers don’t include the current premium so they can’t judge if they’re getting a fair deal or being hit by a big increase for no good reason.Read More
Energy regulators Ofgem have slammed the Big Six suppliers for failing to reduce energy bills in line with a fall in wholesale prices.
In an open letter to the companies the regulator claims they are ‘undermining public confidence’ with their inaction and should explain to their customers why the savings they are making in wholesale energy costs have not been passed directly to homeowners.Read More
Millions of consumers are in debt to energy firms as the price of gas and electricity rockets, according to new research by price comparison site uSwitch.
