FinTech company Monzo is facing a Financial Conduct Authority investigation over allegations it may have flouted anti-money laundering laws. However, in its annual report, Monzo credits its growth over the past year to its ability to minimise losses despite the challenges of the Covid-19 pandemic.
HSBC has been linked to fraudulent activity in a leak of documents called the FinCEN Files. Britain's biggest bank moved millions of dollars around the world, even after it had learned about investment fraud.
The Government has many schemes in place to help people bolster their savings and pensions. One such scheme is the Help to Save initiative. But is it worth using if you are over 50 and nearing retirement?
Santander has long been a stalwart of the British High Street. In recent years, it has garnered attention for its customer service and range of savings accounts. But are they really any good?
We have all done it. Despite trying to be on top of our finances and logging every account we have, we have lost all details about a bank account we once used but never closed. So how do you find lost bank accounts? And what do you do if you unearth a dormant savings account?
Saving for retirement is not always about investing in the same pension fund for years. Some people prefer using savings accounts for retirement in addition to or even instead of a pension. Knowing how to find a worthwhile retirement savings account is vital.
The Money and Pension Service recently released new reports on the state of the nation’s finances in the wake of the Covid-19 pandemic. Here, we look at what the MaPS reports say about how Covid-19 has affected our ability to make savings.
With the nation under strict lockdown for many months and subjected to tiered restrictions for others, many were unable to spend in the usual way last year. For many people, taking an annual holiday was out of the question, while pubs and restaurants remained closed for most of the year. This led to people staying in more than going out, which resulted in a sharp drop in spending.