Savers piled 303 per cent more cash into easy-access accounts during March and April compared to the same period last year, as banking industry data shows how people opted to keep cash at hand as the coronavirus pandemic unfolded. Some £11billion was poured into easy-access accounts over the two-month period, compared to just £2.7billion in … Read more
Surge of wealthy savers turn to platforms to spread their cash and risk since coronavirus pandemic hit in March The likes of Hargreaves Lansdown and Raisin saw a surge of interest in March That was in the immediate aftermath of dramatic stock market falls Since then platforms have continued to see interest from savers as … Read more
Savers forced to turn to National Savings and Investments after ‘devastating’ month of rate cuts By Sylvia Morris For The Daily Mail Published: 22:01 BST, 16 June 2020 | Updated: 22:01 BST, 16 June 2020 Savers are flocking to government-backed National Savings and Investments (NS&I) after suffering a ‘devastating’ month of rate cuts. In just three … Read more
JEFF PRESTRIDGE: Savers looking to extract as much interest as possible from their cash deposits are beginning to run out of options By Jeff Prestridge for The Mail on Sunday Published: 21:55 BST, 13 June 2020 | Updated: 21:55 BST, 13 June 2020 Savers looking to extract as much interest as possible from their cash … Read more
Amateur investors are behind a surge in new stock market accounts opened in lockdown. Leading investment platforms are reporting a record rise in new Isa and pension accounts as DIY savers look to make their money go further. The rise also comes after the stock market was plunged into chaos by the Covid-19 pandemic, with … Read more
Wounded investors who lost everything in high-stake funds are fighting to win their life savings back in a multi-million pound lawsuit. Two big-name British insurers are in the dock, facing claims they sidestepped this country’s investment regulations to allow money to be ploughed into dubious funds via the Isle of Man. Lawyers believe trusting victims … Read more
Are you a victim of bad pension advice? Compensation hopes for savers cheated out of generous final salary schemes By Ben Wilkinson for the Daily Mail Published: 22:02 BST, 9 June 2020 | Updated: 22:02 BST, 9 June 2020 Cheated savers who were persuaded to move their money out of generous final salary pension schemes … Read more
Savers abandon cash Isas as interest rates plunge and pour money into easy-access accounts By Sylvia Morris For The Daily Mail Published: 22:03 BST, 9 June 2020 | Updated: 22:03 BST, 9 June 2020 Savers are fleeing cash Isas and pouring money into easy-access accounts instead. Around £1 billion was withdrawn from cash Isas between … Read more
RUTH SUNDERLAND: Chancellor Rishi Sunak needs to harness the power of savings and investments to rebuild a better Britain after coronavirus pandemic By Ruth Sunderland for the Daily Mail Published: 21:53 BST, 7 June 2020 | Updated: 21:53 BST, 7 June 2020 Coronavirus has turned thousands of us – the fortunate ones – into accidental … Read more
JEFF PRESTRIDGE: Bonds will be good for Britain and savers By Jeff Prestridge for The Mail on Sunday Published: 22:31 BST, 6 June 2020 | Updated: 22:51 BST, 6 June 2020 It is difficult to argue a case for savers when the economy looks as if it is going to lurch into recession and unemployment … Read more