Half of Brits Are Now More Wary of Online Banking, as Official Figures Reveal Steady Drop in Positivity Since 2020
- 6 months 1 week ago
- Personal Finance
Half of Brits are more wary of using online banking and banking apps now than they were 4 years ago, according to new research from personal finance comparison site finder.com. The most common reason for this decline in confidence was concern about online fraud when using these platforms, with over a third (35%) of UK adults citing this reason.
More Than Half of Parents Would Choose Their Child's Bank Based on Online Safety Education
- 6 months 2 weeks ago
- Personal Finance
A new study from CybSafe, the human risk management platform, found 56% of parents were more likely to sign their child up with a bank if the institution offered training about staying safe online.
CFPB Report Highlights Consumer Frustrations with Credit Card Rewards Programs
- 6 months 2 weeks ago
- Personal Finance
The Consumer Financial Protection Bureau (CFPB) issued a new report finding consumers encounter numerous problems with credit card rewards programs. Consumers tell the CFPB that rewards are often devalued or denied even after program terms are met. Credit card companies focus marketing efforts on rewards, like cash back and travel, instead of on low interest rates and fees. Consumers who carry revolving balances often pay far more in interest... more
Almost Half of Brits Now Leave the House Without Their Wallet, but Expert Warns of the Risks
- 6 months 2 weeks ago
- Personal Finance
New research reveals that almost 25 million Brits are leaving the house without a wallet or other payment method, relying solely on their phones.
CFPB Publishes Research Finding Higher Price Complexity Leads Consumers to Pay More
- 6 months 3 weeks ago
- Personal Finance
Today, the Consumer Financial Protection Bureau (CFPB) issued a new report that suggests consumers tend to pay more for products that have more complex pricing structures. The report is based on experiments with multiple rounds of buyers and sellers interacting in simple markets, and found that participants tended to pay more when prices were broken into sub-parts and were harder to understand.
Nubank and Mastercard Exclusive Study Reveals Path to Advancing Beyond Access Toward Financial Health
- 7 months 1 week ago
- Personal Finance
Today, Nubank and Mastercard released findings from a study measuring the financial inclusion impact on individuals, including some who have historically been on the margins of the traditional banking system in Brazil.1 The study provides a view of customers' experiences accessing and using financial solutions and tools, and the impact of those experiences on their ability to advance toward financial security and health.
GoHenry Hands Its Petition to No.10 as New Research Shows UK Kids Want More Financial Education in School, Ranking It More Important Than Maths & English
- 7 months 1 week ago
- Personal Finance
Young people want to receive more financial education in school and are worried about leaving full time education without the money skills needed for adult life, according to the latest research from GoHenry, the prepaid debit card and financial education app for kids aged 6-18.
SmartSave Bank Reaches £2Bn in Deposits
- 7 months 2 weeks ago
- Personal Finance
SmartSave, UK digital bank Chetwood Financial‘s savings proposition, has doubled last year’s milestone by reaching a total of more than £2 billion in direct deposits.
Improving Picture for Personal Finances, But Many Still Struggling
- 7 months 2 weeks ago
- Personal Finance
New research from the Financial Conduct Authority (FCA) has found that while many are struggling to meet financial commitments, the picture has improved over the last year. The regulator found 7.4m people were struggling to pay bills and credit repayments in January 2024, down from 10.9m in January 2023. This is still higher than the 5.8m recorded in February 2020, before the cost of living squeeze began.
Money Worries Creating Mental Health Timebomb: Young People Three Times More Likely to See Mental Health Worsen Due to Finances
- 7 months 2 weeks ago
- Personal Finance
Young people are three times more likely than older generations to have their mental health impacted by money worries, research from responsible lender, Creditspring reveals. Four in ten (39%) people aged 18-34 say their mental health has significantly worsened as a direct result of the cost of living crisis, compared to just 13% of over 55s.
Travelex Launches Click-and-collect in Hong Kong
- 7 months 3 weeks ago
- Personal Finance
Travelex, a market-leading foreign exchange brand, has launched its online click-and-collect service in Hong Kong, enabling customers to purchase their travel cash in advance online, at Travelex’s best exchange rate.
New SME Savings Tracker Reveals Massive and Persistent Gap in Savings Rates Offered to SMEs by Big Banks Compared to Digital and Challenger Banks
- 7 months 3 weeks ago
- Personal Finance
A new savings tracker, published today by SME-focussed Allica Bank, has shown a continued significant gap between the rates SMEs are offered by challenger banks and their larger, incumbent competition.
PensionBee Study Finds Consumers Strongly Support Shareholder Resolutions Ahead of AGM Season
- 7 months 3 weeks ago
- Personal Finance
A study by PensionBee, a leading online pension provider, reveals a strong belief among pension savers that shareholder resolutions can convey robust messages to management and address areas of concern, ahead of this year’s Annual General Meeting (AGM) season.
Nutmeg Reveals the Nation’s Top Financial Habits
- 7 months 3 weeks ago
- Personal Finance
New research from Nutmeg, the UK’s largest digital wealth manager, reveals a positive picture when it comes to the nation’s finance habits.
Time IS Money: Late Bloomers Leaving Financial Discussions too Late Despite Agreeing on the Benefits
- 8 months 1 week ago
- Personal Finance
New research from Nutmeg, the UK’s largest digital wealth manager, reveals people in the UK are starting discussions around finance too late in their lives. Half (50%) of UK consumers admitted they didn’t discuss finances with their family, friends, or peers until they were at least aged 19, while 15% confessed to leaving it as late as past the age of 30.
