Almost six in ten (59 per cent) Brits believe they are wasting their savings rather than putting them to good use, new research has found.
According to Oval Money, the automated savings platform, millennials have been able to double their monthly savings by signing up for the platform’s ‘social saving’ scheme.
National Savings & Investments (NS&I) is slashing the rates on its Direct ISA from one per cent AER to 0.75 per cent AER, in a new blow to savers.
According to recent research from Equifax, when presented with a list of digital banks six in ten people hadn’t heard of any of the brands, while only 20 per cent said that they would consider opening an account with an online-only bank.
More than 30 million Brits are not convinced that they are saving enough for their retirement, while a third (34 per cent) believe that they should be saving more.
A series of banks and building societies have increased their standard savings rates ahead of an anticipated increase in the base rate next month.
A new ‘ethical’ Innovative Finance ISA (IFISA) is offering seven per cent returns by investing in UK care homes.
One quarter of workers expect to be working either full or part time by the age of 70, five years after the current state retirement age, according to a new survey from Aegon.
Almost one quarter (24 per cent) of UK couples have never discussed their retirement income plans with their partner, new research has revealed.
Half of all investors have no idea how much they are being charged by their wealth manager in fees. Are you aware of the fees being charged on your investments?
Despite having the most time until retirement, Millennials are proving to be the most pessimistic pension savers, with almost half thinking their pension funds will fall in value due to Brexit.