Latest News from Money Expert

Unarranged Overdraft Fees Set for Massive Cut

By Michael Quinn | Published: 10.06.2019

The FCA has called for a major change to the way overdraft fees are charged starting from April next year. The new regulations will cover a few different areas but are mainly focused around preventing...

One in Ten UK Adults Are Now Cashless

By Fergus Cole | Published: 07.06.2019

More than 5 million people in the UK hardly ever make cash payments anymore, according to a report by UK Finance. The latest research from the trade association for the UK banking and financial...

Aviva to Cut 1,800 Jobs Amid Business Overhaul

By Fergus Cole | Published: 06.06.2019

UK insurance giant Aviva has announced it will cut 1,800 jobs over the next three years in order to cut costs. Aviva is the largest insurance provider in the UK with over 16,000 staff employed across...

DWP Rubbishes Housing Secretary's Plan to Have First-Time Buyers Tap into Pensions

By Lauren Smith | Published: 05.06.2019

Housing and communities secretary James Brokenshire has been criticised by officials for suggesting first-time buyers be allowed to use their pension funds to get on the property ladder.Officials from...

Retail Sales Fall at Fastest Rate on Record

By Fergus Cole | Published: 04.06.2019

UK retail sales in May fell at their fastest rate in 24 years, according to the latest figures from the British Retail Consortium. The BRC-KPMG Retail Sales Monitor revealed that overall sales in May...

Telecoms Providers Sign Up to New Ofcom Commitments

By Fergus Cole | Published: 03.06.2019

The UK’s biggest broadband, mobile, TV and landline providers have signed up to six new commitments promising fairer treatment to their customers. Ofcom’s new ‘Fairness for Customers’ commitments...

UK Housing Market Subdued in May

By Fergus Cole | Published: 31.05.2019

Month on month house prices in the UK fell slightly in May, according to the latest Nationwide house price index. UK house prices fell by 0.2% in May compared to the previous month, with the market...

First 5G Network Launched in the UK

By Fergus Cole | Published: 30.05.2019

Mobile and broadband provider EE has today launched the UK’s first 5G network in six cities across the country. London, Birmingham, Manchester, Edinburgh, Cardiff and Belfast are the six urban areas...

Mortgage Approvals Hit Two-Year High

By Lauren Smith | Published: 29.05.2019

The British housing market is showing signs of recovery following months of Brexit doldrums, as mortgage approvals reached their highest levels in more than two years in April. Trade body UK Finance...

Car Theft Insurance Payouts at Highest Level for Seven Years

By Fergus Cole | Published: 28.05.2019

Car insurance payouts for motor theft are at their highest level for seven years, according to the Association of British Insurers. The latest data from the ABI has revealed that around £108 million...