Latest News from Money Expert

A leading economic forecaster has predicted that the UK economy will shrink by 8% this year, and will take until 2023 to recover from the damage caused by the coronavirus pandemic.The latest official...

The City watchdog has fined Lloyds Banking Group £64 million for mistreating thousands of mortgage borrowers who were in arrears.The Financial Conduct Authority (FCA) says the bank and its...

Tap-and-pay transactions have increased 44% since the coronavirus lockdown began on 23 March, as customers shunned cash and chip and pin machines.Customer data from Nationwide Building Society reveals...

The majority of Brits over the age of 55 haven’t switched broadband provider during the last year, according to Zen Internet.Recent figures released by the broadband provider revealed that 83% of...

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...

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...

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...

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...