Savings

Inflation still the enemy of savers

Basic rate taxpayers require savings accounts offering interest rates of 4 per cent if they are to outpace inflation.

Changes may reduce occupational pension payments

The government has laid out plans to change the way that payments are calculated for final salary pension schemes.

New guidelines to speed up ISA transfers

Savers with cash ISAs should see an improvement in the length of time it takes to switch accounts from one provider to another.

Recession put pension savings under pressure

Pension saving has been hit hard by the economic downturn, a new study has suggested.

Saving outstrips borrowing for first time in two decades

More people are setting money aside than those who are borrowing to spend, new figures have revealed.

Dropping default age would harm business, say employers

Business organisations have reacted with disappointment to news that the government is proposing to remove the default retirement age.

Pension system to see radical reforms

The government is planning to accelerate moves to raise the state pension age for men to 66 as part of a major overhaul of the pensions system.

Emergency Budget 2010: tough measures for tough times

Not for a political generation or two has a Budget generated such intense interest. Pre-announcements by the Coalition Government had prepared everyone for large-scale changes to the tax system and for deep public spending cuts.

Emergency Budget 2010: pensions to be subject of reviews

Several aspects of the pensions system are to come under review as a result of announcements made in the Budget.

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