Finance News

PIP rules: DWP change how claims are processed – a ‘pause’ is in effect until SeptemberAs part of this assessment, the Department for Work and Pensions (DWP) may have considered the claimants ability to manage medication and monitor the health condition.However, from November 2016 there was a change to the way in which DWP assess the need for … [Read more...] about PIP rules: DWP change how claims are processed – a ‘pause’ is in effect until September

Santander lowered the interest rate on their ‘123 Current’ account today – what is it now?Santander recently revealed that they would be lowering the interest on their 123 current account. This is following a reduction made in January 2020.At the beginning of the year, Santander lowered its rate from 1.5 percent to one percent.At the time, Money … [Read more...] about Santander lowered the interest rate on their ‘123 Current’ account today – what is it now?

Help to Buy scheme extended due to coronavirus – government ‘affirms’ continued supportHelp to Buy equity loans allow savers to purchase a home with as little as a five percent deposit. The government will then provide a loan of up to 40 percent of the cost of a newly built home, with a regular mortgage making up the remainder.“In which case, they … [Read more...] about Help to Buy scheme extended due to coronavirus – government ‘affirms’ continued support

State pension: How a National Insurance record can be built up without workingState pensions can also be claimed over the phone or by downloading a specific form and sending it into the government.It’s possible to receive a state pension even if the claimant choses to continue to work.Additionally, state pensions can be deferred if the person … [Read more...] about State pension: How a National Insurance record can be built up without working

Premium bonds August 2020 winners revealed – check on winning numbers nowPremium bonds can provide a lucky few with cash prizes which can range in value. Anything from £25 up to £1million can be won and August’s winners have just been revealed.The price fund in August topped over £108million and the total number of prizes for the month reached more … [Read more...] about Premium bonds August 2020 winners revealed – check on winning numbers now

Universal Credit UK: Housing costs payment rules to change this month – details revealedUniversal Credit payments are based on the individual claimant’s circumstances and on top of the regular payments, additional amounts of money may be provided for specific elements. A housing payment can be provided which can help claimants pay their rent to a … [Read more...] about Universal Credit UK: Housing costs payment rules to change this month – details revealed

FTSE 100 LIVE: Global stocks soar on fresh hopes of economic recoveryJapan’s benchmark Topix index rose 1.4 per cent ithis morning, the FT reported. China’s CSI 300 of Shanghai- and Shenzhen-listed stocks added 0.8 percent. Australia’s S&P/ASX 200 did not change much.Wang Zhe, senior economist at Caixin Insight Group, said Japan’s manufacturing … [Read more...] about FTSE 100 LIVE: Global stocks soar on fresh hopes of economic recovery

Bitcoin price crash: Cryptocurrency value plummets by £1,000 in minutes in sudden dropThe sudden slide caught traders unawares, according to CoinDesk. The bitcoin price plunge forced out a significant amount of buying pressure from the market as traders were spooked. The world's biggest cryptocurrency plummeted from £9,146 to … [Read more...] about Bitcoin price crash: Cryptocurrency value plummets by £1,000 in minutes in sudden drop

State pension warning: Boris Johnson under pressure to change policy, says campaignerThe state pension age for women rose to 65 to bring it into line with men and will go up to 66 by 2020, and 67 by 2028. Campaigner and investigate journalist, David Hencke, believes the DWP will be found to be acting unfairly against 1950s women. He added that … [Read more...] about State pension warning: Boris Johnson under pressure to change policy, says campaigner

State pension fury: 1950s women not allowed to pay into pot - 'Our lives are intolerable'The state pension age for women rose to 65 to bring it into line with men and will go up to 66 by 2020, and 67 by 2028. But campaign group Backto60's UN representative, Davina Lloyd explained 1950s women were not the generation to have their pensions changed … [Read more...] about State pension fury: 1950s women not allowed to pay into pot – ‘Our lives are intolerable’