Mis-selling Investments: FCA Bans and Fines Paul Reynolds for 'Reckless and Deliberate' Recommendations

Archive for the 'Personal Finance News' Category

Mis-selling Investments: FCA Bans and Fines Paul Reynolds for 'Reckless and Deliberate' Recommendations

The Financial Conduct Authority has banned former financier Paul Reynolds from the industry and has fined him £290,344 for recklessly recommending high-risk investment products to eight retail clients, when he knew that he could not justify their suit…

Why You Should Move Your Savings to an Online Bank

The Internet bestowed many gifts upon humanity: instant communication, the ability to stay in touch with friends and family, access to details when news breaks, cat videos. But one of the best gifts in recent years has been the online-only bank.

4 Hobbies That Could Wreck Your Credit Score

In our busy and hectic world, finding a way to relax is essential. Picking a hobby you enjoy and engaging in it regularly is a great way to wind down from a tough week.

How to Save Future Generations From Financial Illiteracy

The events of the past few years — from the housing market collapse and resulting Great Recession, to the painstaking economic recovery — have made it clear that we know far too little about how to responsibly manage our money.

UK Consumer Confidence Slips on Personal Finance and Economy Concerns

UK consumer confidence has slipped from a nine month high as Britons became more concerned over the state of their personal finances and the economy overall.

Personal finance down 1.8% in June

Official data shows personal finance loans have fallen 1.3 per cent per cent in July and housing finance for owner occupiers was flat.

37 Personal Finance Experts to Follow on Twitter

140 characters doesn't offer a lot of room to impart financial wisdom. But when it comes to money advice on Twitter, these experts, reporters and bloggers use the microblogging site to make their followers more financially savvy. If you want to bru…

4 Things to Teach Your Kids About Retirement

In the United States, we depend on parents to teach their kids about personal finance. Our public education system also isn't eager to sign up for financial education. Only 17 states require students to take a personal finance course as a high scho…

8 Excuses for Not Saving Money Debunked

After two decades of personal finance reporting, I’ve heard every excuse in the book for not saving money. That said, none of them really hold up at least over the long term.

Personal Finance: Managing Your Finances During Wedding Season

Attending a wedding and all the celebrations that go along with it is no longer just expensive for the bride and groom but can also make a sizeable dent in the guest’s pockets too. The costs of buying gifts for the wedding, bachelor’s or hen’s parties …