Investments

investments

Cash is still king, despite rise in alternatives

We keep being told of the rise of contactless payments and the like, but if you ignore all the hype, you'll know that cold hard cash is still ruling the roost. You know where you are with a bunch of coins in your hand, don't you? A report from the Co-operative says that 65% of…

FCA puts lender on the blacklist

The Financial Conduct Authority (FCA) has issued a warning about a company that they believe is carrying out consumer credit activities without their authorisation, as such, they've been blacklisted, which means that you need to approach with caution (or avoid altogether). Quick All Loans stated on their own website, that they believed in “responsible lending”,…

HMRC not doing enough to stop tax fraud

HM Revenue & Customs have been accused of not doing nearly enough to stop tax fraud, as well as "only limited progress" in reducing the UK's tax losses. This is according to the House of Commons’ Public Accounts Committee (PAC), on one of the hottest topics at the moment. The PAC said that HMRC’s reporting…

How to claim for PPI compensation on your old store card

If you were talked into having a store card before 2001, there's a good chance you may have been mis-sold PPI. However, a lot of the claims for this particular cover where thrown out too quickly, which means you might be in-line for some compensation. Some banks ditched a lot of these claims without looking…

Barclays and Apple Pay finally get it on

At long last, for those who care, Barclays are going to allow their customers to use Apple Pay, nearly nine months after most other banks got on the Apple train. So now, Barclays customers will be able to make payments with their iPhone, their Apple Watches, and their iPad if they have that on them. As…

New tax year - changes and new rules

Wave goodbye to the old tax year, and say hello to the new! And, there's going to be some changes, which you should know about. There's a number of new policies, which include a new State Pension system, the much muttered about higher personal tax threshold, a change in the way income tax is calculated for the…

Bank of England looks at Brexit for dropping pound

The Brexit is causing all manner of arguments between people, where people can't talk calmly about it, which is about as useful as a barbed wire condom. Either way, the Bank of England are feeling everyone's jumpiness about it, and have kept the UK base interest rate at 0.5%, even though there's been a drop in…

We'll never get our money back from bailing out the banks

An independent Treasury watchdog is warning us all of something that we all invariably thought was inevitable anyway - the Office for Budget Responsibility said that the British taxpayer isn't ever likely to get their money back after bailing out the banks. They say we're currently looking at a £17.5 billion, and we need to stop…

Microsoft ARE still accepting Bitcoin

You may have heard that Microsoft were dropping support for Bitcoin payments. Well, that's not true and the company themselves have apologised for 'inaccurate information'. A support page on the Microsoft website said that they were no longer going to accept the cryptocurrency at their Microsoft Store and the Windows Store. However, in a statement a…

MP thinks some women should get early retirement

A committee of MPs has said that the government should think about giving some women access to their pension early, provided they accept lower weekly payments. This applies to women who have voiced their concerns about not being given enough warning that the retirement age was being increased to 66, from 60, by 2020. It…

FCA want reforms, so we all understand our finances better

The Financial Conduct Authority want a shake up when it comes to getting advice on finance matters. The FCA say that the majority of people in the UK do not understand their finances and the products they're getting, and need more access to advice. The watchdog says that they want to see big changes, so…

RBS to introduce robo-advisers

The Royal Bank of Scotland are going to be getting rid of some humans - 550 jobs to be precise - as they aim to not only reduce costs, but also, to usher in 'robo-advisers'. RBS will be getting rid of 220 investment advice positions and 200 protection advice jobs. This follows the eighth consecutive loss posted…

Have you checked your retirement funds?

George Osborne's pension raid may be getting squashed, but that's not to say that there aren't more problems with over-50's retirement funds. Around of fifth of people over 50 years old who are currently employed, have never checked to see how much money they have in their pension pot. Another 21% said that they wouldn't…

FCA to investigate life insurance firms

The Financial Conduct Authority has started an investigation into six life insurance firms, after they finished their report about how long-standing life insurance customers are being treated. In the words of acting CEO Tracey McDermott, it looks like "the practices at some firms appear to have been poor." Hardly the strongest of language, but it…

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£2bn annual loss for RBS

£2bn annual loss for RBS

The Royal Bank of Scotland's shares have taken a dive, dropping 9% today as they announced their eighth consecutive annual loss. One of the reasons they're getting hammered, is because of 'past conduct' costs. There's also the small matter of restructuring, too. RBS said that their losses for 2015 stand at £2bn, which remarkably, is an…