14 August 2017
Cost of caring for parents leaves kids facing £77,000 shortfall
Two thirds (68%) of people underestimate real cost of elderly care[1] Average individual care bill totals over £360,000 for ten years, but consumers believe it is £283,000, leaving a potential shortfall of …
27 July 2017
uSwitch comments on Lloyds Banking Group setting aside another £1 billion to compensate customers
Commenting on the announcement today that Lloyds Banking Group is putting aside another £1 billion to compensate customers for mis-sold PPI and unfair mortgage practice, Tom Lyon, money expert at …
26 July 2017
uSwitch comments on latest Current Account Switch Service figures
Commenting on the latest figures from the Current Account Switch Service, published today, Tom Lyon, money expert at uSwitch.com, says: “Despite enabling nearly four million switches in the four years …
25 July 2017
uSwitch comments on FCA consultation to require current account providers to publish information on service and performance
Commenting on FCA proposals announced today to require current account providers to publish information on service and performance, Richard Neudegg, Head of Regulation at uSwitch.com, says: “These proposals are a step in the right direction …
13 July 2017
uSwitch comments on Bank of England’s Credit Conditions Survey
Commenting on the latest Credit Conditions Survey published by the Bank of England today, Tom Lyon, money expert at uSwitch.com, says: “The news that default rates on credit cards and …
1 June 2017
High street banks fail to impress in 2017 uSwitch Credit Card Awards
The latest uswitch.com survey of more than 10,000 credit card customers reveals that the big high street banks are falling behind other providers[1] Nationwide Building Society wins the coveted uswitch.com 2017 Credit …
31 May 2017
Cards blocked abroad cost holidaymakers £240 million
Almost half (49%) of consumers rely on credit or debit cards when travelling abroad[1] A quarter (26%) have had their cards blocked while on holiday – even though nearly two …
3 May 2017
Brits hit by £300 million in unarranged overdraft fees
One in eight (13%) consumers have dipped into their unarranged overdraft in the last year[1] costing an average of £33 each time[2] Almost half (46%) of those charged for using …
26 April 2017
uSwitch comments on FCA complaints data
Commenting on the publication of the Financial Conduct Authority’s (FCA) latest complaints data, Tom Lyon, money expert at uSwitch.com, says: “PPI remains the most complained about financial product making up nearly three …
8 April 2017
Half a million mortgage holders raid homes to release cash
A third of homeowners (32%) who have remortgaged in the last five years have done so to release equity from their property[1] – borrowing £43,918 on average[2] Over half used …