Savings News
Scotland dominates the premium bond prize league
Lady Luck favours the Scots according to the latest Premium Bond Prize League, with Glasgow emerging as the UK's luckiest postcode for winning top Premium Bond prizes in 2006/07 - and Kirkcaldy a close second. Edinburgh has also entered the top 10 in ninth place, making it a hat trick for the Scots.
Ecology Building Society hits 10,000
Ecology Building Society is celebrating the opening of its 10,000th savings account! The Society, which only operates ethical savings accounts, now has over 10,000 active savings accounts.
Time is at a premium to win £1m prizes
Time is running out for savers who want to be in with a chance of winning one of the five £1million jackpots in the Premium Bonds anniversary draw which marks 50 years in June since the first prize draw ever.
Piggy bank in the middle for baby boom generation
Britain’s baby boomers are playing financial ‘piggy in the middle’, torn between supporting their adult children and elderly parents, according to new research by EngageMutual.
More than half of bonus recipients resist the urge to splurge
Annual bonuses are providing a boost to British savings accounts according to the latest research from Birmingham Midshires. Almost four in ten (39%) bonus recipients saved all or most of their annual bonus over the last 12 months, whilst an additional nine per cent used their payout to reduce their mortgage. The study also found that six per cent ploughed the money into other types of investments.
Where is Britain’s wealth?
Prudential today reveals the full extent of the changing nature of Britain’s wealth. The study undertaken by Datamonitor into the composition of Britain’s individual wealth highlights the growing shift in wealth away from traditional financial assets towards an increasing importance of non-financial assets (primarily property). If the existing trends continue, non-financial assets could account for 60% of Britain’s wealth by 2009.
F&C calls for Government incentives to save
Data published this week by the Office of National Statistics shows a significant fall in the household savings ratio.
Friends Provident introduces special offer on savings plans
Friends Provident International (FPI), one of the leading offshore financial services providers, has announced a three-month special offer on two of its regular premium savings plans.
Brits admit being unprepared for financial emergencies
Millions of Britons are failing to put aside enough money to cover themselves for a financial emergency according to the latest research from Birmingham Midshires.
Babyboomer generation of ‘retire-easies’
Over-50s say they find it easier to save for retirement compared to their parents and children.
Can’t save or won’t save?
“I can’t afford to” is a phrase often used when people are asked why they don’t save; but why do some people save more and others save less, even though they are in similar situations?
UK consumers break savings records
UK consumers put a spectacular £136 billion away for a rainy day in 2006, up £25 billion on the previous year, according to figures from Unbiased.co.uk, the organisation promoting the benefits of independent financial advice.
British workers pocket £24 billion in bonuses
British workers received £24 billion in performance-related bonuses over the last 12 months according to the latest research from Birmingham Midshires.
Nations mood to save rises
The mood to save has risen for the third year in a row, according to Legal & General’s MoneyMood Survey.
Take the worry out of investing by saving regularly
Invesco Perpetual is urging customers to limit their investment risk by saving regularly either through its monthly savings plan or phased investment option.