POUND NOTES
FINANCIAL FACT
APRIL 3 was the most popular day for Isa investing in the tax year 2016/2017 according to Fidelity International, which analysed its own figures. In the 2015/2016 tax year, investors left it even closer to the wire to use their annual Isa allowance before the end of the tax year, with April 4 being the favoured date for last minute investors to boost their Isa savings.
SAVINGS ‘HAMPERED BY DAY-TO-DAY EXPENSES FOR MANY’
MORE than half of people (56%) say their daily spending habits get in the way of their ability to save for the longer term, a Lloyds Bank survey has found.
Around 51% said money they set aside for longer term saving is often swallowed up by unexpected expenses or emergencies.
CHILDREN UNDERSTAND VALUE OF MONEY ‘BY AGE OF 10’
PARENTS believe their children understand the value of money at 10 years old on average, a survey by Santander suggests. This is when they stop believing money is infinite, and instead learn that it must be earned and that it’s important to save. However, some 7% of parents think children understand the concept of money even younger, by age five.
ANIMATRONIC ARNIE RETURNS TO RAISE AWARENESS OF PPI DEADLINE
THE animatronic head of Arnold Schwarzenegger is back in a fresh awareness drive, reminding people to check whether they had payment protection insurance (PPI) and decide whether to make a complaint before the August 29, 2019 deadline.
Animatronic Arnie highlights that PPI was sold alongside a vast array of products which many people may not think of, including car finance, catalogue credit, credit cards, store cards and mortgages.
Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), says: “We know PPI was sold on a huge variety of credit products throughout the 1990s and 2000s, but many people just don’t realise they had it.”