The proposals to charge claims managers up to £250 reflect a fairer allocation of costs, the Financial Ombudsman Service said.

The Financial Conduct Authority said the cost incurred by HSBC to put the situation right should be a warning to all lenders.

Surplus funds have helped to offset the 2024-25 levy on firms, the Financial Services Compensation Scheme said.

People looking to attend events such as the Olympics and Taylor Swift concerts could be targeted by scammers this year, UK Finance said.

The teacher and broadcaster said the more parents can speak openly with children about money, the more finance becomes less of a taboo subject.

Rightmove said pent-up demand from would-be buyers who paused their plans last year is a key driver behind increased home mover activity.

One in six people surveyed said they never carry cash on their person, according to cash access and ATM network Link.

The jump in England and Wales coincided with the removal of a £90 administration fee to obtain a debt relief order.

HSBC UK and Barclays are among the lenders to have tweaked their deals this week.

Big changes in overall prices remain with us, even though inflation is easing, the Resolution Foundation said.

Closures since 2015 equated to more than 60% of the bank branch network, the consumer group said.

Scottish Widows said 78% of people with a defined contribution pension dipped into their pots early, withdrawing £47,000 on average.

Issues that prevent survivors from regaining their financial independence and achieving economic safety must be addressed, UK Finance said.

It comes after a Work and Pensions Committee session with campaigners from Women Against State Pension Inequality (Waspi) and the PSHO.

Legal & General Mortgage Services has seen an increase in people aged 56 to 65 who are looking to become home owners.

The equivalent of 798 years or around seven million hours was spent by customers and their agents waiting to speak to an HMRC adviser in 2022-23.

The decision was made after HMRC halted plans to close its self-assessment phonelines over the summer.

Some 21,967 new homes were registered to be built in the first quarter of 2024, down by 20% compared with the first quarter of 2023, new figures show.

The Post Office recently partnered with Monzo to expand its everyday banking services.