Hot Topics

The Financial Conduct Authority (FCA) issued Financial Lives, their flagship survey of UK consumers, which provides nationally representative data about consumers’ attitudes towards managing their money, the financial products they have and their experiences of...

The key finding of this report issued by the Competition and Consumer Protection Commission (CCPC) are: 58% people are satisfied with current financial situation, though one in seven report too much debt. 1 in 3 report that they are “just getting by,” among people...

The report notes that:  Risks to the global economy remain elevated, stemming from high inflation and the necessary monetary policy response, a tightening of financial conditions and geopolitical fragmentation.  Domestically, persistent inflation and higher...

Key statistics in the Overview include:  28% of complaints concerned an issue of customer service.  80% of complaints were made by complainants in the Republic of Ireland, with one in five complaints reflecting the cross-border nature of financial services...

The report noted that the Financial Ombudsman Service continued to see high volumes of complaints across a wide range of issues with the top five complained about products: Current accounts  Credit Cards  Motor Insurance Hire Purchase  Building...

The report highlights the following:• Headline inflation has declined, but core inflation is picking up and is now expected to be 4.9 per cent in 2023.• The unemployment rate is now below 4 per cent, for the first time since 2004, with tight labour market conditions...