In response to the Coronavirus pandemic, the Government has asked the National Savings and Investments (NS&I) to raise a record £40 billion this year to help with the fight against the virus. The Treasury has revised its annual fundraising target for the bank for 2020 from £6 billion up to £40 billion as the Government…

Throughout this ongoing pandemic, fraudsters have attempted to play on people’s fears to try and trick them out of their hard-earned cash. Now UK Finance, the trade body for the British banking sector, has issued a list of the most common scams to help people identify them. The ten scams to be wary of include:…

New research from the Association of British Insurers (ABI) has revealed that the number of savers opting to withdraw a tax-free lump sum from their pension has dropped more than 53 per cent due to the pandemic. According to the ABI’s study, when comparing April 2019 and April 2020, the number of people choosing to…

The typical 40-55-year-old UK resident has just £71,591 saved in non-pension investments, according to a new study produced by Dunstan Thomas. Analysis by the pensions software specialists shows that younger Gen Xers aged 39-41 are the least likely to have significant non-pension investments, with most having just £63,809 on average. Meanwhile, older Generation Xers, aged…

During May almost £2 billion was invested into fixed-income retail bonds as markets began to stabilise and recover from the initial impact of COVID-19. The latest figures from the Investment Association (IA), have revealed that fixed-income funds were the best-selling asset class in May 2020. May was a strong month for investments with investors piling…