MoneySavingExpert News

November

Martin Lewis: A year of being debt-free is far more important than a Christmas splurge

Martin Lewis has warned households against splurging this Christmas, while also highlighting the importance of being honest about their finances in a bid to remain debt-free over the festive period and beyond. Read below and watch the clip from The Martin Lewis Money Show Christmas Special for more.

26 November 2021

British Airways passenger wins cash refund in court after being 'pushed' to accept vouchers for Covid cancelled flights

A MoneySaver has successfully taken British Airways to the small claims court and been awarded £300 after disputing the airline's decision to issue vouchers instead of a cash refund for flights cancelled due to the pandemic.

26 November 2021

Orbit Energy and Entice Energy cease trading – here's what it means for your gas and electricity

If you're affected, your supply will continue and credit balances are protected. While it's likely you'll pay more now, there are no savings to be had by switching.

25 November 2021

Motorbike insurer MCE falls into administration - what it means for its 105,000 policyholders

MCE Insurance Company, one of the UK's biggest motorbike insurers, has fallen into administration. The collapse affects around 105,000 policyholders but MSE can confirm that customers will continue to be covered until the end of their policy and claims will still be paid.

25 November 2021

Bulb collapses into 'special administration' – what it means for your gas and electricity

Under the special administration there is no change to your supply and any credit balances will be protected. If you're on prepay, you can also continue to top up as normal, while if you're in the process of switching to or from Bulb, this will also proceed as planned.

25 November 2021

Urgent action called for as mental health sufferers consider or attempt suicide after finances hit during the pandemic

People with mental health problems have faced a much bigger hit to their finances during the pandemic than the wider population and are three times more likely to have fallen into serious debt, according to the results of a major national survey published today.

24 November 2021

PayPoint hands £12.5m to energy charities following four-year investigation into market abuse

PayPoint has been told to shake-up its services and donate £12.5 million to energy regulator Ofgem's redress fund, which largely supports vulnerable households, following a four-year investigation into market abuse.

23 November 2021

Families with disabled children set to be allowed to withdraw £2,500 from Child Trust Funds and junior ISAs without the need for court approval

Families with disabled children will be able to withdraw up to £2,500 from Child Trust Funds (CTFs) or junior ISAs without first needing court permission, in a move by the Government to try and reduce the financial burden for parents and guardians with vulnerable kids.

22 November 2021

Post Office savings accounts to no longer accept payments from non-linked accounts

Certain Post Office savings accounts will no longer accept payments into them from 1 March 2022 unless they're from a linked current account (or if they're via cheque or cash).

22 November 2021

Neon Reef and Social Energy Supply cease trading – here's what it means for your energy

Neon Reef and Social Energy Supply, which have over 35,000 household customers between them, have become the latest energy providers to cease trading – meaning 19 domestic energy suppliers have gone bust since September.

22 November 2021