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VICTORIA BISCHOFF: When things return to normal we must remember the heroes (and villains) of the High Street By Victoria Bischoff for the Daily Mail Published: 22:00 BST, 7 April 2020 | Updated: 22:00 BST, 7 April 2020 MY partner Chris and I live in a first-floor flat which, while lovely, doesn’t have any outdoor … Read more
Banks cut rates to bone (again): Thousands of savers will soon be earning next to nothing on their nest-eggs By Sylvia Morris For The Daily Mail Published: 21:50 BST, 7 April 2020 | Updated: 21:50 BST, 7 April 2020 Thousands of savers with big banks will soon be earning next to nothing on their nest-eggs … Read more
The Financial Ombudsman said banks’ approach to fraud claims ‘effectively reversed’ the idea victims should be refunded Britain’s banks are relying on generic warnings, making decisions not based on evidence and not properly explaining why scam victims should not be refunded, a damning review of an anti-fraud code said. A code designed to better protect … Read more
Absolute return funds – designed to turn a profit come what may – fell 4.9 per cent during the market carnage last month, new analysis reveals. That loss looks benign relative to the massive declines seen elsewhere, particularly among small company and equity income funds, as the coronavirus crisis demolished global markets. The standout performer … Read more
Last week This is Money published a piece with six basic things readers needed to know about Universal Credit, as figures revealed close to a million people applied for benefits in the first fortnight after lockdown. We were flooded with questions from readers, many of them incredibly specific. While we can’t answer them all, we … Read more
The loyalty penalty is costing motorists £1.2billion a year in higher premiums, with costs rising 22 per cent in just six months, new data shows. Some 4.7million drivers have insurance policies that automatically renewed, with many now asking legal steps to be taken to stop the practice, according to Go Compare Car Insurance. Motorists have … Read more
Investors mis-sold inflation-busting mini-bonds from an unregulated firm which went bust at the start of April could be in line for payouts of up to £85,000, the Financial Services Compensation Scheme said. Basset & Gold Plc, which sponsored West Ham United football club, raised as much as £36million from 1,800 investors between its founding in … Read more
Property prices were stable in March, but with market activity falling drastically thanks to the coronavirus outbreak, it remains to be seen if they hold up. February 2020 saw a record high for house prices at an average of £240,461 according to lender Halifax. Meanwhile, the typical value was £240,384 in March, according to its … Read more
In the race to fight Covid-19, many businesses are pivoting from what they traditionally offer to provide essential services – generating a new income stream in the process. While Mercedes F1 engineers have turned their attention to producing ventilators for example, Brendan O’Shea’s business, Just Clear, has bolted on Covid-19 decontamination services in addition to … Read more
The coronavirus lockdown has caused severe financial strain for millions of people across Britain, prompting unprecedented financial aid packages from the Government for businesses and individuals alike. While mortgage payment holidays of up to three months are being offered to both homeowners and landlords, who may struggle to keep up with repayments during the lockdown, … Read more