Jun 22, 2020 | Savings
Employees who have recently opted out of their workplace pension due to COVID-19 should be encouraged back into saving more quickly than usual. Rules currently stipulate that any employee who opts out of their workplace pension scheme cannot be re-enrolled for three...
Jun 16, 2020 | Savings
Dwindling interest rates have seen average savings rates for ISAs drop to their lowest levels since records began in 2008, according to Moneyfacts. During the first six months of the year, the average easy access ISA rate tumbled to a low of 0.45%, from 0.85% in...
Jun 2, 2020 | Savings
One in ten workers have stopped or reduced their pension contributions as a result of the coronavirus, according to a report. Scottish Widows polled 2,251 workers during the COVID-19 crisis and found that short-term financial pressures were affecting long-term saving...
May 27, 2020 | Savings
Around one in five adults have either been a victim of a pension scam since COVID-19 hit the UK, or know someone who has. Opinium polled 2,000 adults in the UK on behalf of Canada Life in the month up to 5 May 2020, when the coronavirus outbreak was at its peak. Of...
Mar 10, 2020 | Savings
Almost a quarter (22%) of 55 to 64-year-olds have no private pension savings, figures from the Office for National Statistics (ONS) show. The problem is particularly acute among women aged 55-64 who have not started claiming state pension benefits, with 40% lacking...
