Latest News from Money Expert

Customers mis-sold loans by failed payday lender Wage Day Advance will receive just 5.68p for every £1 they’re owed in compensation, administrator KPMG has announced.Customers took to social media to...

People over 55 are using digital services more than ever before during lockdown, but many are still wary of online banking, research from Santander found.More than half (54%) of older people going...

Mortgage lenders have withdrawn nearly all of their highly leveraged mortgages as the coronavirus crisis roils the economy and freezes the housing market.Lockdown measures and economic uncertainty...

British consumers remain pessimistic about their household finances, as the coronavirus crisis hits close to home, claiming jobs, wages and a sense of security. IHS Markit’s UK household finance...

Savers locking away money for a year now receive less than 1% interest on their deposits on average, as banks yank the best deals and savings rates plummet. One-year fixed-rate bonds now pay an...

The Financial Conduct Authority (FCA) has confirmed that new coronavirus relief measures, requiring insurers offer struggling customers payment holidays and premium reviews, will come into force...

Insurers could be compelled to pay out previously rejected business interruption claims to more than a million of firms, depending on the outcome of a High Court case being brought to trial by the...

Banks should refund fees for packaged bank accounts if customers can’t use their perks during the coronavirus lockdown, campaigners have urged. Packaged bank accounts commonly come with perks...

Homeowners experiencing financial hardship as a result of the coronavirus crisis could receive 12- or even 18-month reprieves from their mortgage bills. Extended mortgage holidays are one measure the...

The Civil Aviation Authority (CAA) has issued a warning to airlines reminding them that they must legally provide refunds for flights cancelled due to the COVID-19 pandemic. If a flight is cancelled,...