Business & Industry
Managing Your Money Q1 2023
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Enter the world of investments with ready-made packages
Ready-made packages could help more people take their first tentative steps into the world of investment. We all like to see our money grow. We also recognise that investing is another way to see a return on our hard-earned cash. However, we may not always be confident in going down that route. With a little...
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In uncertain times, savers should look to ISAs to build financial resilience
It’s 2023, and millions of people have little or no savings. Many lack the confidence to manage their financial affairs as research shows that nearly 20% of consumers are down to less than £1,000 in cash assets. Despite the lack of confidence in managing financial affairs, there is one success story that has encouraged millions...
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Basic retirement up by nearly 20%: how much more do you need?
The Government’s commitment to the state pension triple lock is especially important as the cost of living crisis hits retirees. Retirees trying to achieve a basic standard of living will have seen their expenditure increase by almost 20% due to high inflation. Based on independent research, the Pensions and Lifetime Savings Association’s Retirement Living Standards...
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Know how to use online lending and borrowing for your next investment
The traditional methods of investing and borrowing money have changed in recent years with the arrival of a new type of provider in the marketplace. Marketplace lending platforms are used to lend money to individuals or businesses through online services that match lenders with borrowers. Faster transactions The popularity of this method has increased in...
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How fintechs support consumers during the cost of living crisis
Today, eight out of every ten adults in the UK regularly use a fintech tool. Consumers are struggling with the increasing cost of living, and fintech can help through this challenging economic period. Fintech has transformed the way individuals and businesses interact with financial services — driving efficiency, increasing transparency, reducing cost, expanding access and...
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How open banking can open up access to affordable credit
Bank of England figures for December 2022 showed that consumers borrowed £2bn in consumer credit, up £0.5bn from the previous month. As cost of living increases continue to bite, access to affordable credit is more important than ever. Access to affordable credit presents a challenge for those who don’t meet the legacy scoring criteria used...
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s Sponsored
Why a lack of core numeracy skills is a cost to individuals and society
Many people struggle with number confidence, even though it’s a vital skill to have in our everyday lives. However, there are ways to make numbers engaging and fun while improving confidence. If you don’t like dealing with numbers — maybe you’re even a bit scared — you might tell yourself that you don’t need to...
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Why should you invest during this cost of living crisis?
With the ongoing cost of living crisis, our belts are tighter — but it’s important to carry on investing and think long-term. One year after the bottom of the Global Financial Crisis, the S&P 500 was up 50%. One year after the bottom of the Covid-19 crash, the S&P 500 was up 57%. These were...
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Building financial futures for young people through a cost of living crisis
Without knowledge of the concepts, products or economic state they are about to enter, how can the young people of today thrive as adults tomorrow and secure stable financial futures? The Resolution Foundation dubbed 2022 as ‘the year of the squeeze’ with an average household £1,200 worse off than in 2021. MyBnk is a charity...
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Know what you are entitled to: how to access energy support
The energy crisis currently gripping the UK has pushed millions of house-holds into fuel poverty. Energy support is available; people need to know how to access it. Just 18 months ago, the average annual energy bill in the UK was £1,277, it is now £2,500. The consequences have been catastrophic. Come April, when vital government...