Blow to pensioners as 1.7 million older households may rent in retirement

Older Britons are being urged to “act now” as 1.7 million pensioners may be forced to rent into their retirement. New research from the Pensions Policy Institute (PPI) is shining a light on the deteriorating prospects of homeownership in the UK. According to the think tank’s Renting in Retirement ‘The Fault Line Below the UK Pension System’ report, middle-aged people […]

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Savers urged to ‘chase’ the best interest rates of the week

Experts are sharing what the best savings interest rates are currently on the market for the week beginning November 27. Interest rates have been on the rise over the past year thanks to central banks raising base rates. While this has hurt borrowers, savers have been able to benefit from this decision in the interim period. With rate increases being […]

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Fuel poverty gap increases by 45% in England since 2020, study finds

Persistently high energy bill costs have widened the fuel poverty gap by as much as 45 percent since 2020, a new study shows. Heating solution experts, SNUGEL, found that despite UK energy caps and improvement in energy efficiency, the median fuel poverty gap in homes that are considered ‘fuel poor’ increased from £233 in 2020 to £338 in 2022. The […]

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Aldi says no to bulk-buy as grocery price wars heat up

Save articles for later Add articles to your saved list and come back to them any time. Supermarket group Aldi will not enter the bulk-buy space as competition heats up among supermarkets to offer lower prices in a cost-of-living crisis. Aldi managing director Jordan Lack said the German chain was on average 15-20 per cent cheaper than dominant competitors Coles […]

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Hodge Bank increases interest rate on savings account to ‘excellent’ 5.39%

Hodge Bank has increased the interest rate on its three-year fixed savings account to 5.39 percent, earning a Moneyfactscompare “excellent” rating. With interest rates fluctuating, fixed savers can offer some certainty to saving as these accounts enable customers to lock in the rate at the time of opening. Commenting on the deal, Caitlyn Eastell, a spokesperson at Moneyfactscompare.co.uk, said: “Hodge […]

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