The UK Cards Association has today revealed a fall in credit and debit card fraud – partly due to the introduction of chip-and-pin.
According to the Association, fraud losses on UK credit and debit cards totalled £440.3 million in 2009 – a fall of 28% compared with 2008 and the first annual decline since 2006.
While it [...]
Insurers need to “change their approach” to older travellers, moneysupermarket.com claimed this week.
A spokesperson for the price comparison site made the comment after research found that British travellers can see travel insurance premiums more than double after their 65th birthday.
Multi-trip policies in Europe increase by up to 174% for travellers aged 65 or older.
Worldwide equivalent [...]
Millions of homeowners across the UK have no idea what interest rate they’re paying on their mortgage, according to research by Post Office Mortgages,
A poll by the lender found that while 35% of borrowers are currently on a standard variable rate (SVR) mortgage, 28% – around 3 million homeowners – don’t know what rate they’re [...]
Most Brits don’t get serious about putting money aside into a savings account until they reach age 25, according to a study by National Savings and Investments (NS&I).
Research by the savings provider found more than a fifth (22%) of UK consumers don’t start setting aside money until after their 30th birthday, while a further 13% [...]
Raising a child from birth to age 21 costs more than £201,000, according to research by LV=.
This is equivalent to £9,610 a year, or £26 per day.
It’s the first time the lifetime cost of child-rearing has exceeded the £200,000 limit, and represents a 43% increase since the survey began in 2004.
The biggest costs of raising [...]
Brits effectively spend 50 days earnings a year paying off interest on their debts, according to research by unbiased.co.uk.
“As a nation we will spend the first 50 days of 2010 just to earn enough money to pay off the interest on our debts,” the financial advice site said.
That means it took until Saturday 20th February [...]