Jan 31, 2020 | Savings
The Bank of England has kept interest rates on hold at 0.75%, after coming close to cutting rates for the first time since August 2018. On 30 January, the Bank's Monetary Policy Committee (MPC) voted 7-2 in favour of retaining the rate for the next quarter, despite...
Jan 21, 2020 | Savings
Employees under the age of 22 could be missing on up to £18,000 as a result of being excluded from auto-enrolment, a report has claimed. The Department for Work and Pensions (DWP) conducted a review into the Government's workplace pensions scheme back in 2017. One of...
Jan 15, 2020 | Savings
People approaching retirement believe they need an average pot of £114,436 to feel comfortable for the rest of their lives. SunLife asked more than 1,000 over-55s how much they would need to fund a comfortable retirement on top of any income they already receive....
Jan 8, 2020 | Savings
Thousands of retirees face being £3,500 worse off in retirement from April, when extra payments to adult dependents come to an end. The adult dependency increase is usually paid to a spouse or civil partner who is below state pension age and financially depends on...
Dec 24, 2019 | Savings
Savers have been charged more than £9 million after dipping into their lifetime ISAs, a freedom of information request (FOI) has shown. The lifetime ISA was introduced in April 2017, enabling adults under 40 to save up to £4,000 a year towards either a first home or...
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