Disgraced fund manager Neil Woodford is still under investigation by the City watchdog – but that hasn’t stopped him setting up an investment firm in a bid to revive his career. Woodford’s original investment empire collapsed in 2019 and since then, savers who entrusted him with their money have lost at least £1billion. That is … Read more
The Government has again refused to publicly back proposals designed to make it easier for the parents of disabled children to access Child Trust Fund savings, as it was warned as much as £107million could be ‘lost’ over the next decade. Responding to questions in the House of Lords on Thursday, justice minister Lord Wolfson … Read more
Pension experts warn over risk of ‘chaos’ and ‘confusion’ when Government raises age savers can tap private pots to 57 from 2028 Age you can tap into your private pension is due to rise from 55 to 57 in 2028 The Government is consulting on how best to implement the change It proposes giving pension … Read more
Britain’s first bank in 100 years to lend money solely to farmers has opened its doors to everyday savers with a range of competitive deals, This is Money can reveal. Cheshire-based Oxbury Bank, which obtained its banking licence in January 2020, will pay savers 0.58 per cent on a 95-day notice account, the third-best rate … Read more
Legal battle to win compensation for savers in Neil Woodford’s flagship fund now under way after crucial insurance and financial backing secured By Daily Mail City & Finance Reporter Published: 21:50 GMT, 7 February 2021 | Updated: 21:50 GMT, 7 February 2021 A legal battle to win compensation for savers in Neil Woodford’s flagship fund … Read more
The new bank set to be launched in the UK by JP Morgan Chase over the next few months could upend Britain’s current account market but is unlikely to be a saviour for savers, experts have suggested. The world’s seventh-largest bank has hired 400 people and is preparing to launch an ‘innovative’ app-based bank in … Read more
A lost decade for starved Cash Isa savers after inflation outstrips low interest rates interest By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 26 January 2021 | Updated: 22:00 GMT, 26 January 2021 Cash Isas have failed to deliver over the past decade as low rates have left savings to be eaten away … Read more
NS&I ignored savers without the internet before making the decision to axe Premium Bond cheques in the post, insider reports reveal. The savings giant has been accused of abandoning older customers in its drive to axe prize warrants to save money and paper. Now Money Mail has discovered that the bank only consulted customers with … Read more
NS&I boss apologises to savers for poor customer service but warns them to expect long waiting times to continue until spring In a letter to MPs, Ian Ackerley defended NS&I and its performance last year He defended its decision to maintain and then slash savings rates in November It was deluged with £69.4bn from savers … Read more
Savers will soon be offered four ready-made investment deals when they first dip into their pension pots, if they are doing this without paying for financial advice first. They are designed to help those who want to keep their pension invested in retirement by delivering returns and avoiding common mistakes, such as taking too much … Read more