The last month has seen the number of scam warnings issued by police, banks and financial regulators rise, as fraudsters prey on the cost-of-living crisis to target savers’ money. ‘Advance fee’ loans Lloyds Bank is one of the institutions to warn individuals about ‘advance fee’ loan scams, which have seen the average victim lose around…
Memories of the 2008 recession and financial crisis are still very fresh in the mind of investors and businesses. So, the prospect of a recession remains high on the agenda for savers and their financial strategies. With the economy shrinking and inflation hitting a 40-year high, there are warning signs that recession may be on…
New data from Saga suggests that parents’ plans to pass on wealth are changing, with many choosing to give wealth to loved ones while they are still alive, often choosing to refinance assets to provide support. According to the study, around one in four over-50s anticipate supporting their children through the cost-of-living crisis by dipping…