L&G Selects Moneyhub to Power Its Qualifying Pensions Dashboard Service
- 2 months 2 weeks ago
- Personal Finance
Legal & General (‘L&G’), the largest DC pensions provider in the UK, has appointed Moneyhub, the market-leading fintech and Open Finance firm, as its Qualifying Pensions Dashboard Service technology provider, helping to shift the dial on how people plan and prepare for retirement.
Consumer Optimism Hits Two-Year High, Though Generational Divides Emerge
- 2 months 3 weeks ago
- Personal Finance
A new report from global information and insights company, TransUnion, shows that consumers are more optimistic about the likely state of their finances over the next 12 months than at any point over the past two and a half years.
CFPB Report Finds Large Retail Chains Charging Cash-Back Fees to Customers Using Debit and Prepaid Cards
- 2 months 3 weeks ago
- Personal Finance
Today, the Consumer Financial Protection Bureau (CFPB) published a new report finding Americans are paying tens of millions of dollars in fees to access their own money when getting “cash back” at large retail stores when making a purchase with a debit or prepaid card. These cash-back fees are occurring against the backdrop of bank mergers, branch closures, and prevalence of out-of-network ATM fees that have reduced the supply of free cash... more
Britons Trending Toward Economic Optimism, With 43% Expecting Their Circumstances to Improve
- 3 months 3 days ago
- Personal Finance
Over two fifths (43%) of UK adults believe that their financial situation will improve in the next 12 months, new research by SmartSave, a Chetwood Financial company, has found. The digital bank commissioned an independent, nationally representative survey of 2,000 UK adults. Of those who said they thought they would be in a better financial position in a year’s time, when asked why they felt this way, the most common reason cited was ‘... more
Cheddar Launches Free Spend Tracker to Revolutionise Personal Finance Management
- 3 months 1 week ago
- Personal Finance
Cheddar announces the launch of its innovative free spend tracker, a groundbreaking tool set to redefine personal finance management. An evolution of existing app offerings such as Snoop, Monzo, Plum, and Emma, Cheddar delivers unparalleled accuracy with over 98% precision in categorising transactions.
TransUnion Partners with Vulnerability Registration Service to Enhance Consumer Insights
- 3 months 2 weeks ago
- Personal Finance
Global information and insights company TransUnion has today announced its partnership with the Vulnerability Registration Service , a not-for-profit organisation dedicated to supporting vulnerable consumers. This partnership marks a significant step forward in understanding and addressing consumer vulnerabilities in the UK.
Zopa & ClearScore-led Campaign Pledge2025.org Surpasses 15 Million Actions Milestone in bid to build the financial resilience of UK consumers
- 3 months 2 weeks ago
- Personal Finance
The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective.
Overstretched Britain: One in Four Have Fallen into Troubling Financial Behaviours
- 3 months 2 weeks ago
- Personal Finance
More than a quarter (27%) of the UK public has fallen into troubling patterns with their finances, with many having engaged in risky financial behaviour over the last year, according to new research from Moneyhub.
"Creditspring": 2.3M Parents Won’t Be Able to Afford Any Summer Activities for Their Children This Year
- 4 months 1 day ago
- Personal Finance
Family finances are at breaking point with 2.3 million parents unable to afford any activities for their children during the upcoming summer holidays, reveals research from responsible lender Creditspring*.
Social Media Inspires Gen Z to Save More and Budget Better
- 4 months 1 week ago
- Personal Finance
Social media could inspire a new generation of savvy savers and fiscally responsible young adults, with 74% of Gen Z taking part in social media-based challenges to boost their overall savings, as revealed in the latest NatWest Savings index. Compared to other age groups, Gen Z is the most likely of any generation to budget. Almost seven in ten (69%) 18-24 year olds say they create a budget for their finances, in contrast to those aged 65 and... more
Moneyhub Research Reveals 40% of Customers Unaware of FCA’s Consumer Duty Changes
- 4 months 2 weeks ago
- Personal Finance
A year on from the introduction of the FCA’s Consumer Duty (CD) obligations for financial services firms, as many as two-fifths of customers have not noticed any changes to their treatment, according to research from engagement, data and customer journey platform Moneyhub. With the deadline fast approaching for financial services firms to apply the Consumer Duty to closed products, the research indicates that firms still have work to do to... more
FIS: UK Consumers Addicted to ‘Financial Doomscrolling’ Fuelled by Economic Angst
- 4 months 4 weeks ago
- Personal Finance
Global financial technology leader FIS® has conducted new research showing that widespread financial anxiety among UK consumers has led to a phenomenon known as 'financial doomscrolling’ - a term describing the excessive monitoring of account balances and banking apps.
GFT: Consumers Seek More Bank Support as Debts Mount
- 4 months 4 weeks ago
- Personal Finance
The average British consumer has almost £2,700 of credit card debt, and more than a third have, or contemplated taking out, a payday or short-term loan to cover rising debt costs in the last 12 months, according to new research. Despite this mounting debt, over a third (39%) of consumers are not using any tools to help manage their spending. Around one in four (26%) are still using manual software such as Microsoft Excel to track their... more
Germany Cost of Living Crisis Drives 62% Increase in Prepaid Card Use, with 1 in 4 Users Using Them to Avoid Debt
- 5 months 3 days ago
- Personal Finance
Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by leading online prepaid payment firm Recharge.
