Category Archives: Banking

Are you letting your money wither away in a ‘scrapheap’ account?

By Iona Bain The financial regulator is finally cracking down on high street banks who have let a huge swathe of our savings wither away in scrapheap accounts that earn as little as 0.1 per cent. Half of the nation’s … Continue reading

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Filed under Banking, Consumer Affairs, Personal Finance, Savings Accounts

Investigation: is customer satisfaction REALLY improving at Britain’s big banks?

One of the UK’s biggest banking trade unions has claimed that a “performance rating bias” against branch staff of Lloyds Banking Group is proof that a sales-driven culture still dominates retail banking. iona bain The allegation, made by Lloyds Trade … Continue reading

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Filed under Banking, Consumer Affairs

Young Money’s special CHRISTMAS episode–what went down?

Making Christmas a time for giving rather than just buying presents was the theme of Iona’s festive Young Money show on Share Radio this morning. She welcomed to the studio guests from Triodos Bank and Care International – whose scheme … Continue reading

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Filed under Banking, Christmas, Consumer Affairs, Ethical Finance, Moneysaving tips, Personal Finance, Technology

Autumn Statement, rapping, money mentors and the joys of a packed lunch; this week on Share Radio

Young money mentors – two 14-year-old high school pupils from Lancashire – were the star guests invited by Iona onto on this morning’s Young Money Young Rights on Share Radio! Co-presenter Iona also looked at this week’s autumn statement by … Continue reading

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Filed under Banking, Bargain hunting, Budgeting, Careers, Christmas, Consumer Affairs, Credit, Debt, Economy, Graduate finance, Payday loans, Personal Finance, Personal Finance Education, Politics, Scotland, Train travel

The ABC of banking, accents…and blinking robots: this week on Share Radio’s Young Money Show

School banks and young people’s attitudes to money were centre stage this morning as Iona co-hosted the weekly Young Money Young Rights show on the newly-launched Share Radio. Iona began by reminding train travellers that they can claim for delayed … Continue reading

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Filed under Banking, Careers, Personal Finance Education

Good Money Week: Banking options that will ease your conscience (exclusive report)

Young Money is changing: we’re going to feature new young voices on the blog every month – original, engaging and fascinating posts from up and coming writers who have joined the Young Money mission. This week, we’re introducing David Graves, … Continue reading

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Filed under Banking, Consumer Affairs, Ethical Finance, Personal Finance, Savings Accounts

Can we take care of the world while taking care of our finances?

IONA BAIN You don’t need to go all hippie to care about ethical finance… SCOTS are being asked to consider the moral implications of their financial decisions as part of a national drive to encourage ethical saving and investing. Religious … Continue reading

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Filed under Banking, Consumer Affairs, Ethical Finance, Pensions & Retirement, Personal Finance, Savings Accounts

A company that targets unemployed students – and why the payday loan damage has already been done

Britain’s financial watchdog has published its long awaited report into how payday loan companies should be kept in check. But is it a case of too little, too late? Iona Bain The payday loan has become the product that we … Continue reading

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Filed under Banking, Money Advice, Payday loans, Personal Finance, Personal Finance Education

Twenty Somethings & Their Money

This infographic reveals the results of research into how Britons in their 20s view the financial opportunities and threats they face. It’s based on research I contributed to last year and covers what young people think about pensions, how they … Continue reading

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Filed under Banking, First-time buyers, Insurance, Investments, Loans, Payday loans, Pensions & Retirement, Personal Finance, Savings Accounts

Customer satisfaction the new focus for frontline bank workers

  IONA BAIN Lloyds Banking Group has finally ditched bonuses for frontline staff based on how many products they sell, on the day the industry’s new consumer regulator takes office. It follows fresh warnings from the Financial Conduct Authority’s chief … Continue reading

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Filed under Banking, Personal Finance