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News
Octopus Energy confirms 'hugely positive' rule change under Andy Burnham
1+ week, 6+ hour ago (541+ words) Octopus Energy has confirmed a “hugely positive” change coming under Andy Burnham. Greg Jackson, the boss of the energy giant, says Labour Party Prime Minister Mr Burnham’s VAT move is a “positive sign”. Mr Burnham’s new VAT cut on electricity…...
Virgin Money confirms major change for savers after Nationwide takeover
1+ week, 20+ hour ago (387+ words) Virgin Money has made a major savings announcement after being taken over by Nationwide. Virgin Money, which has branches in Birmingham, has launched a fresh issue of its Regular Saver Exclusive account, offering a rate of 6.50 per cent AER that…...
Major UK bank becomes first to confirm change after Andy Burnham speech
1+ week, 4+ day ago (490+ words) The first mainstream lender has increased mortgage rates as they start reacting to the bond market chaos. Coventry Building Society (BS) has announced increases across its entire range of fixed-rate mortgages as rising bond yields and swap rates place renewed…...
Monzo customers handed 'nice surprise' bonus with £1,800 payments on average
2+ week, 6+ day ago (336+ words) The bank, which has customers in Birmingham, will match your salary through its Double Payday initiative. Monzo customers can access a bonus scheme offering a "nice surprise" with lucky customers getting £1,800 on average. The bank, which has customers in Birmingham,…...
Monzo customers told about £1 rule that applies to everyone with an account
2+ week, 4+ day ago (481+ words) Monzo customers have been advised about saving allowances(Image: PA) Savings provider Monzo has spoken about its efforts to deliver better savings growth for customers. The update comes as major changes to savings allowances are arriving in the next year,…...
Private pension warning with savers at risk of losing £38,000
3+ week, 14+ hour ago (323+ words) A pension warning has been issued to workers with savers at risk of losing £38,000. New research from Moneybox revealed people across the country could be missing out as much as £26,042.50. In Wales, the value rises to almost £38,000. The warning comes…...
Monzo issues warning to customers over £8,000 allowance change
3+ week, 6+ day ago (418+ words) Monzo has explained a £1 rule that applies to all account holders. Monzo has spoken about its work to deliver better savings growth for customers. Jo Phillips, general manager for Wealth at Monzo, urged customers to "get ahead" of some major…...
Warning for people with money held in self-invested personal pensions
3+ week, 6+ day ago (370+ words) Pensioners using SIPPs have been warned over rules which could count them out. AJ Bell has issued a warning over the common mistakes people make when they use SIPPs. Sarah Coles, head of personal finance at AJ Bell, said: “Since…...
Pension mistake costing high-earners £400,000 in retirement savings
1+ mon, 4+ day ago (319+ words) A pension mistake is costing people up to £400,000 in retirement savings. A common pension mistake could be costing thousands of Britons up tp £400,000 in retirement savings, according to Murphy Wealth. The firm's calculations show that workers on median salaries stand…...