Latest News from Money Expert

The Financial Conduct Authority (FCA) has begun enforcement investigations into 30 firms believed to have given bad advice to customers with regards to transferring out of their pension schemes.The...

Motorists who rack up fewer annual miles pay more for their car insurance, although frequent drivers are more likely to make claims, new research has revealed.Insurance provider By Miles analysed car...

British households are accumulating a collective £6 billion in debt due to COVID-19, as they fall behind on utility bills, credit card payments and council tax.Debt advice charity StepChange is...

Car insurance claims rose at the end of May as Britons shook off lockdown restrictions and returned to the roads.Accidental damage claims were up 39% between 13 May, when lockdown restrictions were...

Millions of Britons had already ditched cash in favour of card payments even before the coronavirus crisis made us wary of handling notes, new data from UK Finance has revealed.Fewer than a quarter...

Customers will soon be able to check if the name of the person or company they think they’re paying via online bank transfer matches the actual name on the account, in a measure to thwart bank...

The Financial Conduct Authority (FCA) has launched an investigation into Amigo over concerns that the subprime lender’s affordability checks don’t comply with regulations.Amigo disclosed Monday that...

High street banks have granted almost 1.5m payment holidays to customers struggling with credit card and loan repayments due to COVID-19, according to new data.UK Finance, a banking lobby group,...

Banks have issued customers with refunds and compensation totalling £47 million for failing to warn them of unarranged overdraft charges.The Competition and Market Authority (CMA) has taken action...

The coronavirus itself isn’t the only predator stalking our streets. Fraudsters are taking advantage of consumers’ economic anxiety and new reliance on digital services during the lockdown to con them...