1,000-Day Delays, Broken Trust, and Calls for Compensation: New Data Exposes Scale of Pension Switching Crisis
- 3 days 13 hours ago
- Personal Finance
New research from PensionBee, a leader in the consumer retirement market, reveals a stark picture of a system buckling under outdated processes, inconsistent standards, exploitation and lack of regulatory enforcement – with one case of a saver waiting more than 1,000 days to switch their pensions.
U.S. Department of Education to Begin Federal Student Loan Collections, Other Actions to Help Borrowers Get Back Into Repayment
- 6 days 6 hours ago
- Personal Finance
The U.S. Department of Education announced its Office of Federal Student Aid (FSA) will resume collections of its defaulted federal student loan portfolio on Monday, May 5th. The Department has not collected on defaulted loans since March 2020. Resuming collections protects taxpayers from shouldering the cost of federal student loans that borrowers willingly undertook to finance their postsecondary education.
Brits Reject Pension Gamble: Majority Want Stability Over High Returns
- 2 weeks 1 day ago
- Personal Finance
New research from PensionBee, a leader in the consumer retirement market, reveals that UK savers are highly cautious when it comes to their retirement savings, with just 8% willing to invest in high-risk assets. The findings indicate a strong preference for stability, as nearly half of respondents, at 49%, expressed a preference for a moderate-risk approach. This means they are comfortable with some fluctuations in their investments as long as... more
Saver Security Must Come First: PensionBee Responds to £40bn Pension Tax Plan
- 2 weeks 3 days ago
- Personal Finance
PensionBee, a leading online pension provider, has responded to reports that the Chancellor, Rachel Reeves, is planning to allow companies to access surpluses in Defined Benefit (DB) pension schemes – subject to a 25% tax charge – in a move designed to unlock up to £40 billion to support the economy. While the proposal could offer a potential source of growth capital, concerns have been raised about the implications for member security and long-... more
FCA Unveils 2025–26 Work Programme To Accelerate Innovation and Support New Firms
- 2 weeks 6 days ago
- Personal Finance
The FCA will make it easier for firms to test innovative products and support new firms applying for regulatory approval as part of its work programme for 2025-2026.
Gen Z Takes the Lead in Financial Planning but Still Wants to Bank on the High Street
- 2 weeks 6 days ago
- Personal Finance
New research from global marketing group dentsu shows that Gen Z is emerging as the UK’s most financially savvy generation. According to the latest Consumer Navigator Report, almost half (45%) plan to open a regular savings account within the next three months—significantly outpacing Millennials (29%), Gen X (16%), and Boomers (14%).
DailyPay Commemorates Financial Literacy Month by Renewing Partnership with The Coordinated Assistance Network (CAN)
- 3 weeks 2 days ago
- Personal Finance
DailyPay, a worktech company and leading provider of on-demand pay, continues to prioritize the growth and expansion of its platform to meet the needs of its millions of workers nationwide.
Kroo Fights Back Against “Lazy Money” With Launch of Its Cash ISA
- 3 weeks 3 days ago
- Personal Finance
Kroo Bank today announces the launch of its Flexible Cash ISA, reshaping the way millions of UK ISA users can save. Historically, ISAs have been hard to understand, often limiting basic financial flexibility like withdrawals or transfers. However, Kroo’s Flexible Cash ISA transforms ISAs from a powerful but restrictive method to a flexible, stress-free way to save – which customers can use like a day-to-day saver, all while paying a great tax... more
Global Unrest And Economic Uncertainty Fuels Brits’ Drive To Save And Invest
- 1 month 5 days ago
- Personal Finance
New research published today from ClearBank and YouGov – UK consumer attitudes to saving and investing: are providers meeting their needs? – reveals that increasing competition and ongoing economic uncertainty are transforming how Brits manage their money. Nearly two-thirds of those surveyed (64%) are setting aside funds for 'a rainy day' – fuelling financial technology adoption and self-driven money management. Financial confidence and demand... more
DailyPay Creates New Opportunity For Hard-Working Americans To Get Their Federal Tax Refunds Early
- 1 month 1 week ago
- Personal Finance
DailyPay, a worktech company and leading provider of on-demand pay, is expanding its platform to meet the needs of its millions of workers nationwide. DailyPay’s offering enables workers to get their federal tax refunds up to five days early*.
Apiture Releases New Findings For How Community Institutions Can Win Market Share Among Millennial-Run Small Businesses
- 1 month 1 week ago
- Personal Finance
Apiture, a leading provider of digital banking solutions, today released key findings from a Q1 2025 Datos Insights online survey of more than 1,000 U.S.-based small businesses on Winning Market Share Among Millennial-Run Small Businesses.
Gen Z Boosts Subscription Economy, Tripling Spend From Older Generations
- 1 month 1 week ago
- Personal Finance
New research from Visa, a global leader in digital payments, reveals that Gen Z (ages 13-28) spends an average of £305 per month on subscription services. This is three times what Gen X (ages 44-59) spends (£91) and Baby Boomers (ages 61-79) who spend £108. Millennials (ages 29-44) also spend a significant amount, at £261 per month.
PensionBee Empowers U.S. Savers With New Roth and Contribution Options
- 1 month 1 week ago
- Personal Finance
PensionBee, a leading online retirement provider, announced today the addition of Roth and Traditional IRA contribution capabilities to its mobile app. All users are eligible to make tax-advantaged contributions directly through the platform, granting greater flexibility and control over their retirement planning.
Jarvis Launches Free Salary Sacrifice Calculator to Boost Pensions and Cut Costs for Employers
- 1 month 1 week ago
- Personal Finance
Jarvis, a pension fintech that empowers employees to actively plan for their retirement, has launched a free salary sacrifice calculator that allows businesses to see how much they can save while boosting pension contributions for their workforce in the upcoming financial year. The tool found that SMEs can save up to £15,150 in National Insurance contributions (NICs) annually through salary sacrifice*.
