More misery for embattled savers with rates at an all-time low

More misery for embattled savers with fewer accounts on offer and rates at an all-time low By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 20 April 2021 | Updated: 22:00 BST, 20 April 2021 Savers ave the choice of just 1,340 accounts while average rates have fallen yet again over the past year … Read more

Relief for trapped savers as M&G reopens property fund after 18 months

M&G has said it will reopen its property fund on 10 May – nearly 18 months after it was suspended – offering some relief to trapped savers.  The investment firm froze its £2.1billion Property Portfolio Fund in December 2019, fearing that Brexit had caused too much uncertainty and that it would not be able to … Read more

Woodford savers in new worry over deal to invest their money in Mafic

Woodford savers in new worry over ‘curious’ deal to invest their money into little-known US firm By Lucy White For The Daily Mail Published: 21:53 BST, 1 April 2021 | Updated: 21:53 BST, 1 April 2021 Link’s decision to invest more of Woodford victims’ money in a little-known firm called Mafic has been branded ‘very … Read more

Lockdown scammers took £135m from savers through last year

Lockdown fraudsters took £135m from savers through investment scams last year By Lucy White For The Daily Mail Published: 22:36 GMT, 23 March 2021 | Updated: 22:36 GMT, 23 March 2021 Fraudsters  exploiting lockdown cheated savers out of £135.1million through scams last year. Criminals used the financial impact caused by the pandemic to lure more … Read more

Santander savers set to lose out as bank announces string of rate cuts

Santander savers set to lose out as bank announces a string of rate cuts to come in next month By Sylvia Morris For The Daily Mail Published: 22:01 GMT, 23 March 2021 | Updated: 22:01 GMT, 23 March 2021 Santander is slashing the rate on its Easy Isa from a lowly 0.1 per cent to a … Read more

Five pension tax tips for savvy savers

Tom Selby: Anyone with spare cash should consider making the most of their available pension allowances before the tax year ends on 5 April Tom Selby is a senior analyst at financial services firm AJ Bell. The coronavirus pandemic and national lockdown has placed huge strain on millions of people’s incomes, with worries about future employment … Read more

Savers suffer worst year on record as rates plunge to 0.01% during Covid pandemic

Savers suffer worst year on record as rates plunge to 0.01% during Covid pandemic Money Mail analysis reveals that savers have forfeited an estimated £3.55billion in interest as a result of rates plummeting during the coronavirus pandemic  Rates have tumbled from an average of 0.5 per cent to just 0.1 per cent rate By Fiona … Read more

Lockdown savers pay off big chunks of mortgages but others struggle

As the easing of lockdown apparoaches, Britain’s mortgage borrowers will rre-emerge from their homes with differing circumstances. Whilst some, dubbed lockdown savers, have financially benefited and saved during the pandemic, others have been compelled to use mortgage holidays. Some of the former set of borrowers have been paying off large chunks of their mortgages, while … Read more

M&G offers hope to trapped savers as it plans to reopen property fund

M&G offers hope to trapped savers as it plans to reopen its long-suspended property fund By Daily Mail City & Finance Reporter Published: 22:47 GMT, 9 March 2021 | Updated: 22:47 GMT, 9 March 2021 M&G has said it may soon reopen its long-suspended property fund, offering some relief to trapped savers. The investment firm … Read more