Savings

Easy access savings accounts fall below official interest rate

A mere 5 per cent of easy access savings accounts are offering returns above the official rate of interest.

Savings accounts deliver little return for the majority

It has been estimated that the majority of savings accounts are failing to provide savers with a genuine return on their money.

Tax refund campaign for pensioners

HM Revenue and Customs (HMRC) has launched a campaign aimed at pensioners who may have paid too much tax on the interest earned from savings accounts.

Savings accounts squeezed on interest rates

One in ten of variable rate savings accounts have seen their interest rates cut over the past six months.

Workplace pension schemes not always keeping savers informed

A number of workplace pension schemes are failing to provide their members with clear enough information about the choices open to them on retirement.

Fixed-term savings rates show a fall

Interest rates on fixed savings accounts declined over the past month, new figures have revealed.

Older taxpayers often paying the wrong amounts

Well over one million pensioners have overpaid their tax, official figures have revealed.

Put retirement age up to 70, argue employers

A leading employers’ group, the Institute of Directors (IoD), has called for a radical overhaul and simplification of the pensions system.

Proposed EU rules could hit pension funds

A draft directive drawn up by the EU could curtail the range of investments available to pension fund managers, it has been claimed.

More funds going into workplace pension schemes

Both employers and employees have stepped up their level of investment in defined contribution pension schemes over the past two years.

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