Savers were potentially handed more bad news today with the Bank of England suggesting base rate could remain close to historically low levels over the next few years. While policymakers kept the base rate, which helps determine borrowing and savings rates, at 0.1 per cent today, it forecast it could increase to just 0.2 per … Read more
Treasury throws a lifeline to savers facing financial difficulties due to Covid-19 by reducing exit fees By Sylvia Morris For The Daily Mail Published: 22:01 BST, 5 May 2020 | Updated: 23:35 BST, 5 May 2020 Savers facing financial difficulties due to Covid-19 have been thrown a lifeline. In a welcome move, HM Treasury has … Read more
Nationwide savers forced to wait weeks to transfer Isas after building society slashes rates across the board By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 5 May 2020 | Updated: 22:01 BST, 5 May 2020 Nationwide has cut the rate on its Future Saver account by 2.5 points Nationwide customers are having … Read more
Fears over pension tax timebomb: HMRC not keeping records of how much lifetime allowance savers use By Ben Wilkinson for the Daily Mail Published: 22:00 BST, 10 December 2019 | Updated: 09:31 BST, 11 December 2019 More than one million retirees could be oblivious to a looming tax bill because the Government is not keeping … Read more
Any saver expressing interest in ditching a final salary pension is to be warned off in a letter telling them it’s unlikely to be in their best interests. Regulators have ordered pension schemes to start sending anyone requesting a cash valuation a letter urging them not to act in haste during the coronavirus outbreak, and … Read more
Now banks target their LOYAL savers with cuts four times bigger than the Bank of England base rate fall Official base rate was reduced by 0.65 percentage points last month to 0.1% Readers say banks have responded with rate cuts of up to 2.5 percentage points Nationwide, Yorkshire, Co-op Bank and Santander have dished out … Read more
Another mini-bond in administration: Blackmore owes savers £45m after promising 9.9% returns on property projects By Daily Mail City & Finance Reporter Published: 21:51 BST, 23 April 2020 | Updated: 21:51 BST, 23 April 2020 Another savings firm offering so-called mini-bonds has tumbled into administration, spelling potential disaster for investors. Blackmore Bond, which owes savers … Read more
Relief for 21m savers as NS&I drops plan to axe prizes on Premium Bonds because of coronavirus More than 21m people hold Premium Bonds which were due to be less generous The odds on a £1 Bond winning a prize were due to lengthen to 26,000 to 1 The number of winners of all prizes … Read more