Savings

Budget 2009: an outline summary

The Chancellor has delivered one of the most important Budgets in years against a backdrop of rising unemployment, soaring government borrowing and quite possibly the hardest hitting recession since the Second World War.

Spending cuts and other predictions for the 2009 Budget

When Alistair Darling stands up in the House of Commons on 22 April, he will be delivering his Budget speech against the backdrop of one of the worst post-war recessions, if not the worst.

Final salary pension schemes in deepening deficit

The collective shortfall in the UK’s defined-benefit pension schemes has reached £242 billion.

Employers may need to pay more to safeguard pensions after the recession

Plans have been mooted to raise the amounts that employers pay to protect company pension funds during periods of economic growth in order to balance a fall in the sums they pay during bad times.

Temporary savings deposits may get more protection

Savers who deposit large sums into their accounts could get a short-term increase in the level of protection guaranteed their money should the bank or building society get into difficulty.

Pensions deficit hits record levels

Final salary pension schemes in the private sector were underfunded by £219 billion last month, new figures have revealed.

ISAs are 'underfunded'

Too few people are taking advantage of the savings opportunities afforded by ISAs, it has been claimed.

Bonus rates fall again for employee share schemes

The Treasury has announced another reduction in the bonus rates for the Save As You Earn (SAYE) sharesave scheme.

Better savings rates around the corner

It has been predicted that savers could soon be seeing much improved rates of interest.

Savers taking money out of accounts

Almost £2.3 billion were withdrawn from savings accounts in January, new figures have shown.

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