Financial news

• POLL: Is the state pension enough to live on in retirement?

  15-05-2023 21:00 via express.co.uk
  
  The full state pension this year is £2,200 less than the £12,800 required to achieve the minimum standard of living in retirement, new research has shown.
  
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• Hairdressers named as friendliest high-street business, research finds

  15-05-2023 17:58 via express.co.uk
  
  Over a third of high-street customers consider a local business owner to be their pal - including butchers, newsagents, and coffee shop owners.
  
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• Why enjoy the sunshine when you could torment yourself in a shopping centre? | Zoe Williams

  15-05-2023 16:42
  
  It’s 15 years since I last visited the immense Westfield in Shepherd’s Bush, dreaming of the collapse of capitalism. It’s still standing and I’m still waiting …It was the first beautiful day of 2023 and everyone in the country was in a park, except for me. I was in Westfield’s west London outpost, in Shepherd’s Bush. I’m not allowed to write about the kids any more – I’ve had article eight of the Human Rights Act thrown at me – s
  
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• Man, 67, loses £39,000 worth of savings in convincing ATM scam

  15-05-2023 16:31 via express.co.uk
  
  Consumers are increasingly being targetted by convincing scams involving cryptocurrency, such as Bitcoin.
  
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• Return of £27,000 eases plight of tragic gambler with mental health problems

  15-05-2023 16:07 via express.co.uk
  
  The return of £27,000 to a young man with a severe mental disorder, after huge losses from compulsive gambling spending sprees, is set to make a world of difference to him and may even signal hope that the plight of such victims is being shown more understanding.
  
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• New poll reveals 95 percent of Britons anxious about shift to online banking

  15-05-2023 15:49 via express.co.uk
  
  Express.co.uk readers have shared their concerns about the shift away from high-street banking to online systems, with just five percent saying that they are not worried.
  
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• Britons only have weeks left to claim £600 energy support - do you qualify?

  15-05-2023 15:23 via express.co.uk
  
  Certain Britons have to claim energy bill support instead of receiving it automatically, but the deadline to do this is fast approaching.
  
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• Millions to get £900 cost of living payment: Who is eligible and when you will get sum

  15-05-2023 15:21 via express.co.uk
  
  Only those who have been receiving means-tested benefits between January 26 and February 25, 2023 will be eligible for the £900 payment to help with the cost of living.
  
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• Average monthly rent outside London now more than £1,000, says agency

  15-05-2023 15:12
  
  Tenants in Great Britain typically paying 25% on top of what they were paying at start of pandemic, according to HamptonsBusiness live – latest updatesThe average new monthly rent outside London has passed £1,000 for the first time, figures show, with tenants in Great Britain now typically paying 25% more than they were at the start of the Covid pandemic.The estate agent Hamptons, which issued the data, warned that the rate of rent rises was “unlikely to slow considerably due t
  
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• Bitcoin investors say spending £215 now could mean you become millionaire by 2033

  15-05-2023 14:29 via express.co.uk
  
  Bitcoin is one of the most popular cryptocurrencies and remains lucrative, according to experts.
  
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• My dad is ill, but his flat's ceiling is falling in and our food bill has doubled. There’s no one to help us | Siobhan

  15-05-2023 14:00
  
  I’m stumped by the endless bureaucracy of the system. Why can’t we just find him somewhere warm and safe?This article is part of the heat or eat diaries: a series from the frontline of Britain’s cost of living emergencyWe take things day by day with my dad. After more than 10 years as his full-time carer, I know not to get my hopes up that things will magically get better. At the end of last year, he had some polyps removed from his colon. The surgery helped him to start eating
  
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• How much you need for comfortable retirement as pensioners at risk of 7 year shortfall

  15-05-2023 13:44 via express.co.uk
  
  As the cost of living crisis continues, Britons looking to retire comfortably may feel overwhelmed as inflation eats into their retirement savings, and the amount they need to survive continues to soar. So how much exactly does one need?
  
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• Give customers a fair deal or else, finance regulator warns sector

  15-05-2023 10:00
  
  The Financial Conduct Authority will soon launch the ‘consumer duty’, a tough new regime supposed to ensure firms put people’s needs firstNew rules, taking effect in just over two months, aim to ensure that people are treated better by the companies from which they get their mortgages, current accounts, insurance and other financial products.Banks, building societies, insurers, investment firms, and many other businesses have been warned they must be ready for one of the bigges
  
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• State pension to hit £11,300 as triple lock gives retirees £750 pay rise in April

  15-05-2023 08:40 via express.co.uk
  
  State pensioners may be on course for another bumper pay rise next April thanks to the triple lock as inflation continues to rage.
  
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• Would not having a permanent UK address affect my a mortgage application?

  15-05-2023 08:00
  
  I’m renting now but want to spend a year as a digital nomad before trying to buy a houseQ I’m a would-be first-time buyer looking to buy by myself, which I expect to be ready to do in about a year’s time. I’m currently renting in the UK but – as I work remotely – I am considering putting my things into storage and spending about a year as a digital nomad in a few different, less expensive countries. Hopefully, this would save me some money on what I’m cu
  
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• SSE and Ovo: prepay meter pain and distressing demands

  15-05-2023 08:00
  
  One reader says SSE takes 70% off every time they top up their meter, while another gets erroneous Ovo payment lettersI have a serious issue with SSE Energy, as every time I top up my prepayment meter, it puts 70% of the money towards the debt on my account.Over four days, the company has taken £77 out of £110 of top-ups. I’m a single mum with two children and can’t afford repayments at this level but no one will listen. Continue reading...
  
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