Fairer Finance

Jan 17, 2025 | fairerfinance.com | James Daley

Unless you’ve been hiding under a rock over the past six months, you can’t have missed the fact that the number one priority for the newish Labour government is to return the UK economy to sustainable growth. It’s been a core plank in just about every speech that the Chancellor Rachel Reeves has given since she took office. And it’s frequently mentioned by the Prime Minister and other cabinet colleagues. Few people disagree that growth needs to be a focus for government.

Jan 16, 2025 | fairerfinance.com | Oliver Crawford

Every six months, Fairer Finance polls 10,000 banking customers and asks them:'Based on everything you know about this provider, to what extent would you agree or disagree with the following statement - "I trust [name of their provider]"'We take the responses to this question and convert them into a trust score,1 which we use to track trust in banking providers through our Trust in Banking Index.

Nov 19, 2024 | fairerfinance.com | James Daley

A little over a year ago, the FCA called out investment platforms for not paying enough interest to customers who keep cash balances in their account. Many platforms were paying little to no interest on cash – in spite of rates having risen from almost zero to over 5%. Rightly, the FCA questioned whether platforms were offering fair value. After raising the issue with firms in September 2023, several took the hint and increased their interest rates. But many did not.

Nov 15, 2024 | fairerfinance.com | Oliver Crawford

How much do the public trust their insurance providers? At Fairer Finance, we've been tracking public attitudes on insurance for several years.

Oct 18, 2024 | fairerfinance.com | James Daley

This week's news that the FCA is launching a new market study into the premium finance market came as something of a surprise. The accompanying government announcement that it has set up a taskforce looking at motor insurance was more predictable - after all, it was a Labour Party manifesto commitment. But a market study into this relatively small part of the insurance sector seems like an odd way to approach what seems to be a fairly straightforward problem.