Results for Money tag

Gareth Shaw, Head of Money at Which?, said: “While the FCA has announced support for some credit and overdraft customers who will struggle financially after the current support period ends, the regulator has wound down vital protections like payment deferrals too soon. “Many people could face a perfect storm of financial pressures amid widespread job […]

Gareth Shaw, Head of Money at Which?, said: “These pilot schemes are a very positive step – innovative solutions are badly needed to help communities, businesses and millions of people who are really struggling from being cut off from cash and banking services. “It’s encouraging that these pilots are still going ahead in spite of […]

Retired consumers are spending less due to the impact of coronavirus, with travel and recreation costs seeing the biggest fall, new Which? research has found, as the consumer champion releases its annual cost of retirement results. A survey of 6,300 Which? members highlights that overall retiree spending is down five per cent on last year […]

Savers are being put off switching drawdown providers when they retire because of a dizzying array of charges and difficulties comparing costs, but those who do switch could save up to £12,300 over their retirement, according to new Which? Money research. The consumer champion analysed hundreds of different fees across 28 providers to find what […]

Gareth Shaw, Head of Money at Which?, said: “Pension savers should think very carefully when making decisions about accessing their money if they are concerned about the impact of the economic uncertainty on their finances. While pension freedoms have offered greater flexibility, they have also led to increased risks such as scams and poor value […]

Gareth Shaw, Head of Money at Which?, said: “It’s understandable that some shops may ask customers for card-only payments to reduce the risk of transmitting the coronavirus, but we are concerned this will leave many vulnerable people unable to pay for the basics they need. “Both the government and retailers need to find a way […]

Gareth Shaw, Head of Money at Which?, said: “Banks will be facing additional pressures as a result of the coronavirus pandemic, but delays to the introduction of this vital name-check security have already resulted in thousands of customers losing life-changing sums of money to bank transfer scams. “It’s therefore vital that if a directed bank […]

Gareth Shaw, Head of Money at Which?, said: “While it’s encouraging to see more fraud victims being reimbursed as a result of some banks applying the voluntary scams code, these figures suggest that many innocent people who have lost money through this type of crime are still not getting the protection they deserve. “The code […]

Which? is calling for the urgent introduction of a comprehensive pensions dashboard after an investigation exposed how the current system leaves workers struggling to track down and understand their retirement pots. The consumer champion challenged 12 volunteers to track down key pieces of information about each of their 38 pension schemes, to see what difficulties […]

Jenny Ross, Which? Money Editor, said: “The cash network has already been dramatically eroded, and unless urgent action is taken in the Budget, it’s clear that it will crumble completely. “Some industry-led initiatives are encouraging, but they cannot stem the tide of bank branch and cash machine closures alone, and without legislation many more communities […]