Brits scrimping and saving to get by

Brits are scrimping and saving to get by as the cost of living soars to an all time high and the global recession continues to bite. Following research by GMB finding that up to a third of the British workforce are in precarious employment a new study has revealed we are adopting a string of money-saving tasks around the house to lower our bills and monthly spend. Two thirds of people always turn the light off when leaving the room, while 54...

The Era of Digital Money is Almost upon Us

Digital money is here to stay and stakeholders are working hard to propel the transition from cash to electronic transactions. The rapid proliferation of smartphones and social messaging services has served as a powerful driver for the growth of the digital economy. More so, there's a remarkable growth in the Fintech world as innovators try to create digital solutions for financial services. A market report from MasterCard shows that digital money accounted for about 45% of monetary transaction in the...

Are Banks About to Operate Completely Online?

Telephone banking and online banking are rapidly changing the global financial landscape. Consider that in the UK alone, 461 bank branches will be closing in 2017, owing to changing customer preferences. The rapid growth of Internet banking has revolutionized the industry, and changes are taking place at a rate of knots. In fact, since 2015, a dramatic reshaping of banking has occurred. The rise of Internet-only banks is gaining in prominence as tectonic shifts in customer preferences take root. The...

Debit cards to overtake cash by 2018

Debit cards are set to overtake cash as soon as next year, new research has revealed. Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018. Spending on all forms of contactless systems now accounts for 28 per cent of all non-cash transactions in the UK, with total spend exceeding £10 billion for the year in 2016. In December alone, Worldpay processed over £1.5 billion in...

Small shareholders brushed aside in Pallinghurst’s Fabergé corporate play

Research shows that Pallinghurst Resources Ltd, the private equity firm started up by the former boss of BHP Billiton Brain Gilbertson, has palmed off Fabergé by selling it for $142 million in shares to its own London AIM listed gemstone miner Gemfields plc (LON: GEM). This when Faberge had already clocked a $58 million loss over 4 years from 2009 to 2012, thus severely hurting minority public shareholder interests. Palinghurst, listed on the Johannesburg Stock Exchange, is the investment vehicle...

Nearly £1 trillion inheritance money expected pass to the next generation in a decade

The ‘inheritance economy’ is set to boom over the next ten years as rising wealth and higher mortality rates combine to raise the total value of inheritances to £1 trillion over the next decade. The total annual amounts passing from one generation to the next are forecast to rise from the current level of £69 billion to around £115 billion by 2027, according to a ground-breaking report from estate administration specialists Kings Court Trust. This 66 per cent increase in...

Is the PPI claims ‘Industry’ finally dead or is it just hype?

For the past several years, every time we turned on the television, all we seemed to hear were ads blaring about PPI and claiming refunds, or compensation for being sold the controversial payment protection insurance. It was driving viewers nuts. If you were wondering what all the fuss was about, since 2011, it has added up to £26.7 billion in payouts by the banks responsible for the mass mis-selling scandal that's been called one of the biggest financial outrages in...

Study unveils the 30 unexpected payments you didn’t budget for

We all know the feeling. The end of month comes around and with a week left we're all digging around the back of the sofa to find the cash to get us through to our next pay cheque. No matter how diligently we have saved it always seems to be the case. You factor in rent, bills, days out and even nights out itemised by the number of drinks we buy and greasy food we consume. But it isn't enough....

Which CFD Is Best For You?

The world of CFDs can be intimidating if you are a newcomer to them. Even once you’ve wrapped your head around the way they work, there’s still a lot to get to grips with them. Let’s say you’ve got some money set aside, and have found a reputable broker, what then? Stick To What You Know! The first thing to work out when considering what CFD is best for you is to consider your own background – what industries and...

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