Six in 10 UK Adults Unaware of Open Banking
- 1 year 4 weeks ago
- Personal Finance
Despite Open Banking being revolutionary in the way people interact with and manage their finances, six in 10 (60%) UK adults are unaware of Open Banking and its benefits, according to new research from Bluestone Mortgages.1 This comes at a time when more than a fifth (22%) of consumers say they use three or more individual bank accounts.
Tampa Bay’s Rachaad White Teams Up With Pathward and Big Brothers Big Sisters of Tampa Bay to Kick Off Financial Literacy Program for Youth
- 1 year 1 month ago
- Personal Finance
Financial education at an early age can help young people lower debt, increase savings, and increase credit scores as they mature into adulthood, according to the FDIC.
Pension Funds Average Almost 8% Annual Growth, Surpassing Saver Expectations
- 1 year 1 month ago
- Personal Finance
Pension funds are delivering better returns than British savers expect, with average annual growth over five years nearing 8% for those 30 years from retirement.
BofA Launches New Solution to Help Parents Raise Financially Savvy Kids
- 1 year 1 month ago
- Personal Finance
Bank of America today announced a new solution to help parents support their children as they begin their financial journeys. SafeBalance Banking® for Family Banking is a bank account that offers parents the tools and resources they need to help their children practice healthy financial habits and learn to manage
Savers’ Interests Must Be at the Heart of Pension Market Changes, PensionBee States in DWP Pension Investment Review Response
- 1 year 1 month ago
- Personal Finance
PensionBee, a leading, UK-based global online pension provider, has responded to the Department for Work and Pensions' (DWP) Pension Investment Review, emphasising the importance of keep
Brits Struggling to Cope See Their Financial Health Decline Further
- 1 year 1 month ago
- Personal Finance
29% of the UK public have reported that their financial health has deteriorated over the past six months, feeling the financial strain as rising bills and costs take a toll on their financial health, according to new research from moneyhub.
Gen Alpha Spending Power Hits £3.3 Billion as Youngest Generation Becomes the New Family ‘Finfluencers’
- 1 year 1 month ago
- Personal Finance
Gen Alpha, the cohort of young people born from 2010 onwards, is emerging as a generation of family ‘finfluencers’.
Customer Loyalty Protects Traditional Banks from Fintechs Gaining Ground, Finds Kearney
- 1 year 1 month ago
- Personal Finance
Leading consultancy Kearney has today released the latest data from its annual European Retail Banking Radar, finding that more than two-thirds (73%) of European bank clients have kept their primary account at the same institution for five years or longer. According to Kearney, over half of Europeans (55%) still bank with one institution, with this figure as high as 77% in Austria.
L&G Selects Moneyhub to Power Its Qualifying Pensions Dashboard Service
- 1 year 2 months 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
- 1 year 2 months 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
- 1 year 2 months 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
- 1 year 2 months 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
- 1 year 2 months 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
- 1 year 2 months 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
- 1 year 2 months 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.
