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Peer2Peer Finance News | April 27, 2017

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Personal Finance News

UK savers set to seek investment opportunities away from cash

April 26, 2017 |

RISING inflation may provide alternative finance firms with an opportunity to entice usually-conservative savers, as the vast majority of financial advisors expect Brits will move some of their cash deposits into other asset classes to prevent their cash value being eroded.

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Nearly two million UK pensioners below poverty line

April 25, 2017 |

NEARLY two million UK pensioners are living below the poverty line and one in four struggle financially, new research claimed on Tuesday.

Financial savings advisor Age UK warned that almost three million Britons aged over 65 are finding it difficult to make ends meet, while … Read More

UK housing market still under pressure, Landbay chief warns

April 20, 2017 |

UPBEAT mortgage lending figures published on Thursday do not necessarily mean the UK housing market is off the hook, Landbay’s chief executive has warned.

The Council of Mortgage Lenders reported a 19.4 per cent increase in mortgage origination in March, partly soothing fears … Read More

Growth Street snaps up 600 investors in five months

April 20, 2017 |

GROWTH Street has attracted 600 investors in the five months since it started accepting retail money, the firm announced on Thursday.

The alternative finance platform, which channels funds to small- and medium-sized enterprises, expanded its remit to individual lenders in … Read More

Just Google it! Millennials favour search engines over financial advice

April 19, 2017 |

MILLENNIALS are favouring search engines over professional financial advice when it comes to managing their own money, research claims.

A poll of more than 2,000 adults by Zurich UK claims 15 per cent of millennials, referring to those aged 18-34, … Read More

Consumer spending growth slumps to three-year low

April 10, 2017 |

CONSUMER spending growth hit a three-year low in the first quarter of 2017, in a sign that rising prices are hitting the public’s wallet.

Research by payments technology firm Visa has revealed that the rate of growth of consumer spending … Read More

Loan applicants misled by ‘teaser’ rates

March 24, 2017 |

PERSONAL loan applicants feel misled by the ‘teaser’ rates of lenders, research claims.

A report by personal loans company Nava and the Centre for Economics and Business Research (Cebr) found many borrowers are paying almost double the rate advertised.

The report … Read More

MetLife predicts ISA transfer surge

March 23, 2017 |

SAVERS are increasingly considering transferring their cash or stocks and shares ISAs, amid concerns about their performance.

Research from provider MetLife found financial advisers are seeing a surge in demand for ISA transfers as savers worry about a lack of … Read More

Headache for savers as inflation soars to three-and-a-half year high

March 21, 2017 |

SAVERS will be feeling the pinch even more acutely as inflation rose to a three-and-a-half-year high last month, surpassing the Bank of England’s target.

Figures from the Office for National statistics showed that UK inflation rose to 2.3 per cent in … Read More

Savers reluctant to take risks for bigger returns

March 14, 2017 |

ALMOST two thirds of consumers are dissatisfied with the savings rates on offer from their bank or building society, but few are prepared to take more risk with their money, research suggests.

A poll by commercial property peer-to-peer lender Credit … Read More