Banking

  • What will the ‘hole in the wall’ of the future look like?

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    Whilst contactless payment may still feel like a relatively new phenomenon, the first card to offer this capability – Barclaycard’s OnePulse, which combined a credit card with the Oyster card used on London transport systems – celebrates the tenth anniversary of its launch later this year. Making a contactless payment for small purchases now feels...
  • The new Lifetime ISA is here: the pros and cons

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    The Lifetime Individual Savings Account, also known as the Lifetime ISA or simply “LISA”, is the brainchild of former Chancellor George Osborne and has finally arrived at the beginning of April for those wanting to get their hands on one. That might be trickier than you would think, however, with no banks or building societies currently offering LI...
  • Do you know your partner’s bank balance?

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    A recent study by Experian of over a thousand US couples has revealed that the majority of spouses had no real knowledge of their other half’s finances until after they were married. Almost a third admitted to being surprised by what they learned from their partner’s bank statements once they saw them. 36% of respondents said they knew nothing abou...
  • A miserable turnaround in the fixed bond savings market

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    As far as the savings market was concerned, 2015 was the year of the challenger provider. Competition between them ramped up and average rates followed suit, and in turn, positivity started to make a welcome return to the market. However, this improvement was short-lived, as the latest Moneyfacts research, reporting in March 2016, shows a stark rev...
  • Basic Bank Accounts Become ‘Fee-Free’

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    Millions of bank customers across Britain stand to benefit by hundreds of pounds as nine major banks launch fee-free basic bank accounts. The accounts will be available to anyone who doesn’t already have a bank account, is ineligible for a standard current account or who can’t use their existing account due to financial difficulty. For the first ti...
  • What is the difference between active funds and passive funds?

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    You may have heard the terms active and passive with regard to investment funds, but what exactly do they mean and how can they impact your investing? Actively managed investment funds are run by professional fund managers or investment teams who make all the investment decisions, such as which companies to invest in or when to buy and sell differ...
  • July Market Commentary

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    An essential part of writing this bulletin each month is making daily notes on the main business and stock market news. This month we have comfortably broken our record – more than six pages of notes. And as you might expect, about half of those pages are about Greece and its debts. ‘An agreement was in sight’ on the debt repayment – but then the f...
  • Watch out for online Pensioner Bond fraudsters

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    The National Fraud and Cyber-Crime Reporting Office recently issued an ‘Alert Notice’ regarding fraud focused on the new Pensioner Bonds. Fraudsters have set up a bogus website claiming to be the official site of National Savings & Investments (NS&I) and are contacting members of the public through cold calls to offer them the chance to inv...
  • Busy Brits regret rushing decisions

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    Time-poor people around the UK risk rushing important long-term decisions, with 9 out of 10 (90%) regretting rushing their career choice and 87% feeling regret over hurrying financial decisions, new research from Scottish Widows has revealed. The study into managing time and life administration priorities found that people in the UK are becoming bu...
  • New Steps for Regulating the UK Banking Sector from the FCA

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    The Financial Conduct Authority (FCA), on the 16th March 2015, outlined how it will implement new regulatory regimes to preserve the integrity of the UK finance industry and financial markets. The FCA stated that the new framework comprises two regulatory regimes, a ‘Senior Managers Regime’ and a ‘Certification Regime’, both of which are underpinne...
  • 9 Financial blogs to further your knowledge of finance

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    If you are seeking to gain some further insight into world finance and the UK economy, or just want to delve deeper into factors that could affect your personal financial position, then it is likely that there is a financial blog out there for you. To help you to discover some of the best, we have compiled a list of the top ten most informative, a...