Savings News
Calls for action to rebuild Britain’s savings culture
The Association of Independent Financial Advisers (AIFA), working with AEGON UK, the leading life assurance and pensions company, urge the new Government to take steps to rebuild Britain's savings culture.
Save for a brainy day
The ability to save money is determined by the side of the brain you think with, it was revealed this week. New research commissioned by first direct found those who gave right-side of the brain responses (typically creative and impulsive types), have a carefree 'live for today' attitude, credit card debts and little or no savings.
Jump in inflation continues to punish savers
Inflation figures released today show that the Consumer Price Index (CPI) has increased again to 3.70%.
Savers suffer as inflation continues to rise
With inflation showing no signs of easing after today's announcement that the Consumer Price Index (CPI) rose again in April to 3.7 per cent, anyone looking to put their money away should be aware of the impact this is having on their savings.
Restaurant vouchers serve up record consumer savings
Restaurant diners are saving £3 million every day as increasing numbers of Brits get a taste for discount dining, according to Moneysupermarket Vouchers.
Mutuals lead on customer service says Skipton International
Mutual Building Societies have outperformed the UK's banks in a number of areas of customer service, new research has revealed. The verdict comes shortly after five unnamed institutions were criticised for poor customer service practices by the UK Financial Services Authority.
Savings from offset mortgages beat cash ISAs
A study by first direct shows that over the last ten years typical cash ISA savers, who also hold a mortgage, would have been better off by placing their savings pot in a mortgage offset account.
UK pension savers will miss out on £742 million this year
Employees in company pension schemes are set to miss out on whopping sums this year by neglecting to save in a tax-efficient manner, according to new research from unbiased.co.uk, the professional advice website.
Money's too tight to mention
New research from the first annual Scottish Widows Priorities of Life index reveals that although the UK may officially be out of recession, Brits are still feeling financially insecure due to a lack of time and money to focus on their financial futures.
Investors demand advice and guidance
Almost three-quarters of British savers and investors (72%) claim to make financial decisions on their own but in reality many look for some form of help when it comes to buying a financial product, according to a pan-European survey on saving commissioned by Fidelity International.
Brits saving less in 2010
The average person in the UK has less savings now than they did at the start of 2010 – showing just how much the hard economic times are still hitting the pocket.
Savers rush to utilise ISA limits, despite rates remaining low
The new tax year has only just begun and consumers have the chance to benefit from another year's ISA allowance. From April 6th 2010 consumers have been given an increased ISA limit of £10,200; £5,100 of which can be invested in a cash ISA.
Savers still suffering from high inflation rates
With The Bank of England announcing that both CPI and RPI rose sharply in March, savers are being squeezed further as interest rates remain low.
Jump in inflation punishes savers
Inflation figures released today show that the Consumer Price Index (CPI) has increased by more than expected to 3.40%.
Not so charitable; average charity savings rate just 0.38%
Charitable donations fell by £1.3billion (11%) last year, but instead of helping charities make the most of the money they do have, savings providers are offering an average of just 0.38% interest on charity savings accounts.