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Elderly people with savings pay £195 more a week on average for care

A new report has identified that those who save for care in later life could pay up £10,000 a year _ Read more

Banks called on by FCA to create ‘basic savings rate’ to help savers

The Financial Conduct Authority (FCA) has suggested that banks may be required to set a minimum interest rate for some _ Read more

Pension withdrawals hit £2.3 billion in second quarter

New data has shown that pension holders withdrew more than £2.3 billion during the second quarter of 2018 under the _ Read more

Is the Bank of England moving closer to August interest rate rise?

The most recent meeting of the Bank of England’s monetary policy committee (MPC) saw a margin of six to three _ Read more

Half of millennials call on the Bank of Mum and Dad for money to fund home purchases – as well as grocery shops

With young people in the UK struggling to get on to the property market and often saddled with debt, it _ Read more

New study suggests UK workers have concerns about their retirement savings

A new study into the attitudes of workers has found that around 40 per cent of people across Britain are _ Read more

Are you aware of this little-known pension freedoms rule?

While most people are aware of pension freedoms, and the ability they give to drawdown on your pension pot early, _ Read more

Base rate yet to have a significant effect on savers’ rates

The number of accounts paying returns over the base rate has dropped by 77 since the rate rose to 0.5 _ Read more

100,000 defined benefit pension holders transfer out in 17/18

A Freedom of Information (FOI) request made to The Pensions Regulator (TPR) has revealed that an estimated 100,000 members transferred _ Read more

Next 18-months will see thousands of interest-only mortgages mature

New figures from UK Finance have revealed that nearly 200,000 interest-only mortgages are due to mature over the next year _ Read more

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