Savings News

Savings suffer when women put their families first

For many women, family comes first and their future finances second, according to new research from the fifth annual Scottish Widows Women and Pensions Report.

The 10 million problem recession

Since the start of the recession (April 2008), Citizens Advice Bureaux across England and Wales have seen approaching 10 million problems presented by almost 3 million people.

Alliance Trust wins Low-Cost SIPP Provider of the Year Award

Alliance Trust Savings, a subsidiary of Alliance Trust PLC, is delighted to announce that it has been awarded the Low-Cost SIPP Provider of the Year Award at the Financial Times and Investors Chronicle Investment Awards 2009.

Brits underestimate essential monthly bills

Brits are grossly underestimating their monthly essential spend by as much as £964, whilst at the same time overestimating how long they could survive on their assets, if they were to lose their monthly income, by a staggering five months according to a major new report.

Confidence still strong among HIPPIES

The original 1960s hippies celebrated flower power, but as this generation approaches retirement, a new ‘HIPpy' spirit has taken hold.

Fidelity calls on Darling to make ISAs tax free

As the Chancellor of the Exchequer prepares his pre-budget report, Fidelity International, UK ISA provider, is calling for Mr Darling to make ISAs completely tax free in a bid to jump-start the nations' savings and help people better prepare for their retirement and other financial needs.

Mortgage approvals and gross lending hold steady

The value of building society mortgage approvals in October was £1,511 million - broadly in line with the £1,565 million of approvals in September, according to the Buildings Societies Assocation (BSA).

TISA calls for more flexibility in retirement savings

In its Pre-Budget Report submission TISA - Tax Incentivised Savings Association - is reiterating its support for the concept of a Workplace ISA as part of a more flexible savings approach to finance retirement.

A red Christmas for 30 million Brits

Almost three quarters (71%) of Brits will pay for Christmas on the ‘right now' this year, despite the effect of recession on household budgets according to a study commissioned by money.co.uk.

Brits to spend savings on Christmas

Brits will use £3.45 billion pounds of their savings this year to help cover their Christmas spending, with a third of us (32 per cent) planning to use 9 per cent of this year's savings - an average of £221 each, according to figures from Abbey Savings.

Nationwide offers issue 13 L&G Guaranteed Equity Bond

From Monday 30 November 2009, Nationwide Building Society will offer Issue 13 of the Legal & General (L&G) Capital Guaranteed Multi-Index Equity Bond (GEB).

Recession depletes UK’s retirement finances

Thirty five per cent of UK consumers believe their retirement funds have been depleted by the recession, forcing them to look for additional ways to supplement their retirement income, according to research from Aviva – UK insurer with 7 million life and pensions customers.