Gen Z Prioritises Financial Planning and Saving Amidst Growing Economic Challenges
- 8 months 3 weeks ago
- Personal Finance
Gen Z is emerging as a generation of financial planners, balancing economic independence and wealth building, according to new research. A new study from international law firm Charles Russell Speechlys, which sought the views of 4,000 people, found that more than 2 in 5 (43%) of Gen Z adults would use financial support, such as inheritance or gifts from parents or grandparents, to save for their future, while a third would buy a property... more
PensionBee Responds to FCA Research Urging Financial Firms to Prioritise Support for Vulnerable Customers
- 8 months 3 weeks ago
- Personal Finance
PensionBee, a leader in the consumer retirement market, has commented on the Financial Conduct Authority’s (FCA) research that shows under half (four-in-10) of vulnerable customers say they have disclosed their needs to their financial services provider. Lisa Picardo, Chief Business Officer UK, PensionBee said: “We have always been committed to providing the best possible support for vulnerable customers, and we welcome the FCA's emphasis on... more
Women Are Investing More Than Ever – But Is It Enough?
- 8 months 3 weeks ago
- Personal Finance
Investing has long been a male-dominated space, shaped by historical factors such as legal barriers that limited women’s access to financial services, cultural norms that positioned men as primary financial decision-makers, and the gender income gap, which restricted women’s ability to invest.
Flagstone and Alloy Partner to Offer UK Savers a Faster, Safer Entry Point Into Competitive Savings Market
- 9 months 1 day ago
- Personal Finance
Flagstone, the UK’s largest savings platform, has partnered with Alloy, a leading identity and fraud prevention platform provider, to deliver a seamless, automated onboarding experience for individual and business customers. The partnership allows Flagstone to approve new applications within seconds, without impinging on the highest standards of security and compliance, and integrate global data partners into a single dashboard.
One in Five UK Adults Are Financially Vulnerable but Many Can’t Access Credit
- 9 months 6 days ago
- Personal Finance
With the UK experiencing the unexpected hike in inflation in January 2025 to 3%, TransUnion, a global information and insights company, is releasing previously unseen research that reveals one in five (20%) UK adults – the equivalent of 11 million people – would consider themselves financially vulnerable.
NatWest Boxed and The AA Partner to Bring Savings and Loans to Millions of Customers
- 9 months 1 week ago
- Personal Finance
Today NatWest Boxed and The AA are announcing a strategic partnership where The AA will leverage Boxed’s embedded finance platform to offer financial products to millions of AA customers, as well as the wider market. Later this year AA customers can apply for and get an instant access savings account and unsecured personal loans.
Health-Conscious Britain: The UK’s Health & Wellness Boom Revealed
- 9 months 2 weeks ago
- Personal Finance
The "New Year, New Me" mindset is resonating with consumers more than ever, with health-conscious Brits swapping late nights for the gym and wellness in 2025. New insights from Experian and Reward – analysing consumer spending over six weeks to 20th January including the Christmas period – reveals that nutrition and fitness spending rose by 6%.
Gen Z Most Likely to Shy Away From Talking About Fraud Experiences at Home Despite Being Most Targeted, Reveals TD
- 9 months 2 weeks ago
- Personal Finance
With Canadian Anti Fraud Centre (CAFC) reporting over $630 million lost to fraud in 2024 alone, Canadians are facing increased challenges as they grapple with a heightened cost of living and more sophisticated financial fraud attempts. Ahead of Fraud Prevention Month in March, a new TD survey has revealed that Gen Z is most likely to shy away from talking about fraud experiences at home, despite being the most targeted.
Nearly 1 in 10 Brits Rely on YouTube for Financial Advice, Despite Only 26% Believing It’s a Trustworthy Source
- 9 months 2 weeks ago
- Personal Finance
Recent research by Aqua revealed that nearly one-third of Brits (30%) say that financial mistakes have caused increased stress, and that 41% of Brits feel negatively about their financial situation. With a challenging financial backdrop in the UK, it’s more important than ever to ensure that people receive financial information from trusted sources.
Love or Money? MuchBetter Reveals What Truly Makes People Happy
- 9 months 3 weeks ago
- Personal Finance
Ahead of Valentine’s Day,
AI and Pensions: UK Savers Want Balance, Not Bots
- 9 months 3 weeks ago
- Personal Finance
New research from PensionBee, a leader in the UK consumer retirement market, reveals that while UK savers are open to AI playing a role in pension customer support, they are not ready for a fully automated experience. 79% of respondents expressed preferences for a mix of human and AI interaction when managing their pension accounts, highlighting a strong preference for a hybrid approach.
finova Launches New Mobile-First Onboarding App for Savers
- 9 months 3 weeks ago
- Personal Finance
finova, the UK's largest cloud-based mortgage and savings software provider, has today announced the launch of its new mobile-first onboarding app for savers, expanding its suite of products available for lenders and savings providers.
FCA Steps Up Action Against Misleading Financial Adverts
- 9 months 3 weeks ago
- Personal Finance
The regulator has highlighted concerns with cryptoasset, debt solutions, and claims management company (CMC) promotions. 9,197 CMC promotions were withdrawn in 2024. Many of these promotions were related to housing disrepair and motor finance claims targeted at vulnerable consumers.
Bloomberg Enriches Financial Education for 10,000 Students Through Global Trading Challenge
- 9 months 3 weeks ago
- Personal Finance
The Global Trading Challenge, Bloomberg's annual Terminal-based event for students, amassed a total of 10,240 student participants across 46 countries for its 2024 virtual investment competition. Students in the challenge invest 1 million virtual US dollars in a universe of more than ten thousand global stocks, using the Bloomberg Terminal to define market assumptions, develop a return-generating strategy, and execute notional trades with the... more
Generational Pension Gap Set to Widen as Lost Pots Epidemic Grows
- 10 months 2 hours ago
- Personal Finance
Less than a fifth (17%) of young people aged 18-34 know exactly where all their pension pots are, reveals research from pension-finding platform, Raindrop. A fifth (19%) of 18-34 year-olds also admit that they have no idea how much they have saved for retirement – almost double the figure for older people aged over 55 (10%).
