Personal Finance

Personal Finance

A fifth of Scots have no savings, study finds

One in five Scots has no savings, according to a new survey by the Bank of Scotland.

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The upcoming ban on card surcharges comes from EU legislation

Charges on paying by debit or credit card to be scrapped in 2018

Charges levied by companies on customers paying by debit or credit cards will be scrapped next year, the UK government will announce today.

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Have car keys will travel  but beware of some bumps on the road that seem designed to catch out the unwary holidamaker

Martin Lewis: Steer clear of holiday car hire pitfalls

Every summer millions of Brits sit behind the wheel in far-flung destinations across the world. Yet there are many financial bumps in the road if you do so, but I hope these seven tips will navigate you through it.

Most of those who are delaying retirement do so because they enjoy working  though some say they could not afford to give up. Picture: Getty Images/Wavebreak Media

More pensioners enjoying new ‘pretirement’ phenomenon

It was once a time when people left work with a fanfare and possibly a gold watch, then settled down with a pipe and slippers to live out the rest of their days in peace and quiet.

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Bank of Scotland's parent is also removing fees and charges for unplanned overdrafts. Picture: Johnston Press

Bank of Scotland shakes up overdraft charges for customers

Lloyds Banking Group is to launch a simplified “pay-as-you-go” overdraft charging system and scrap some fees, in a shake-up affecting millions of customers.

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Bad food can be a health hazard

James Walker: It’s worth making a meal of poor service

In the past three years I have received 20,000 complaints about takeaways and a remarkable 35,300 about restaurants, placing them in our top ten of most complained about products or services.

Personal Finance
The price tag will reflect what look you are trying to achieve. Picture: Getty/iStockphoto

Hoarders or divas, they’re all fashion victims in the end

Even with summer sales in full swing, there’s a high price to perfecting a particular look, with the fashion conscious typically spending around £48 per month or £572 per year on clothing to keep up with their chosen trend.

Personal Finance
If youre a retired investor, changes to the dividend allowance and to the annual allowance after taking a lump sum from your pension could have a nasty impact on income

Gareth Shaw: Summer Finance Bill is cloud on the horizon

Amid the frenzy of the general election, and the ramifications of its result, it’s no surprise that the focus on the new government’s legislative programme has fallen upon Brexit and the Conservative Party’s new relationship with the Democratic Unionist Party.

You dont need a smartphone  or a selfie  to enjoy the set. Picture: Thinkstock

Whether it’s wellies or sun cream, give your wallet shelter

We’re in the midst of festival season again, so if you’re looking for a carefree summer of great music, food and sunshine without having to worry about your bank balance when you get back, here are some ways to keep your finances in check.

Personal Finance
Bill Jamieson: Financial advice is not just for the “well off”

Bill Jamieson: Financial advice is not just for the “well off”

How well off do you have to be to need a wealth manager? The better question is this: how well off do you have to be not to need one? Everyone needs a “wealth manager” – though in popular perception it seems to be a preserve of the very well off. Don’t wealth managers come with a boardroom job, a £150,000-plus income, a bulging portfolio of shares and a second home?

Scam traders tend to be based outside the UK yet claim to have some kind of verifiable presence here which can be at prestigious City of London addresses. Tantalising investment opportunities that look too good to be true often are.       Picture: Getty Images)

Gareth Shaw: Finance fraudsters exploit gap in the rules

Given the variety of things we do at Which? – from taste tests, campaigns and mortgage advice to putting hundreds of products through our laboratories – you can only imagine the variety of calls and letters we get from consumers each week.

Peter Hillier is portfolio director at Cazenove Capital.

Peter Hillier: Tweets rock the market

Treat the Twittersphere with a pinch of salt, says Peter Hillier.

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Heading abroad this summer is likely to be expensive , as �1 is buying less than a euro at some of the worst bureaux de change. Picture: Getty

Martin Lewis: Don’t let high currency costs cap your holidays

Whether it’s euros, dollars, colóns or even your dong – the pound’s fragility, made worse by post-election uncertainty, means heading abroad this summer is likely to be expensive. With £1 buying you less than a euro at some of the worst bureaux de change, it’s never been more important to maximise every penny.

On Groundhog Day, inflation is always increasing to a higher rate than savings accounts pay out

Gareth Shaw: How much risk are you willing to take?

On the second Tuesday of every month, I’ve been locked in the Groundhog Day of journalism. Just like in the Bill Murray classic, the clock hits 9.30am, I can hear the faint sound of I’ve got you babe by Sonny and Cher, a small woodchuck emerges from my desk drawer to announce that winter will last for another three months and I find myself, robotically, writing almost exactly the same story I wrote at the same time the previous month.

Personal Finance
The SNP and Tories have clashed over household incomes ahead of the general election next week. Picture: John Devlin/TSPL

SNP and Tories clash over have “squeezed” household incomes

Household incomes have been squeezed by the Conservatives, the SNP claimed today as it promised to “stand up for families”.

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Passengers queue in front of Spanish low-cost airline Vueling check-in counters at the El Prat Airport in Barcelona on July 5, 2016. 
Hundreds of passengers were left stranded today following the sixth straight day of cancellations and major delays involving flights by Spanish budget airline Vueling.

 / AFP / JOSEP LAGO        (Photo credit should read JOSEP LAGO/AFP/Getty Images)

James Walker: Know your rights if your flight is delayed

We’ve all been there: you get to the airport all packed and ready to go, and lo and behold, your flight is delayed.

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Vanguards move to allow customers to buy its low-cost funds directly  has the potential to shake up an investment sector in desperate need of a jolt. Picture: Getty

Gareth Shaw: Will Vanguard force fund managers to up their game?

Consumers have been at the heart of everything we do at Which? for 60 years. Their views and experiences shape all of our activity – from how we test products and campaign for change, to the ratings we give to companies from dozens of sectors.

Picture: PA

Martin Lewis: Get creative and you will be coining it in

Summer’s coming, and sadly shorts often have smaller pockets than trousers. The warm weather means most people go out more, socialise more and spend more. So now we’ve finally thrown off our hats and scarves and are preparing for the sun, I wanted to share five tips for bolstering your bank account in time for the (hopefully) hot weather.

More than 17,000 people have contacted Resolver about broadband in the past couple of years.

James Walker: Make sure you get the broadband you paid for

We’ve got so used to broadband, mobile phones and new technology that the world of landlines and dial-up connections seems far away.

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There may be less need to raid your piggy bank if you get the full state pension  but to do that youll need to have made 35 years worth of National Insurance contributions. Picture: PA

Gareth Shaw: Mind the gap for your state pension

It makes front page news every few weeks, has politicians falling over themselves committing to it and thousands of people campaigning outside of Westminster about it – yet it’s an investment that takes 35 years to mature and pays out just a few hundred pounds a month.

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