All Savings & Investments Stories

Landbay set to launch IFISA in Q1

Landbay set to launch IFISA in Q1

Peer-to-peer investment platform Landbay has been granted ISA Manager status by HMRC, clearing the way for the launch of its Innovative Finance ISA before the end of the 2016-17 tax year.

16 Jan 2017

NS&I revamps adviser website

NS&I revamps adviser website

NS&I has launched a new version of its website for financial advisers, planners and paraplanners.

12 Jan 2017

IFISA to spark 50% growth in P2P market

IFISA to spark 50% growth in P2P market

The launch of the Innovative Finance ISA could spark growth of up to 50% in the peer-to-peer market in 2017, according to ratings and research agency 4thWay.

12 Jan 2017

Atom Bank expands fixed saver range

Atom Bank expands fixed saver range

Atom Bank has added two new products to its current fixed saver range, with three-year and five-year products available from today.

10 Jan 2017

Nucleus: include advice as non-charge withdrawal in LISA

Nucleus: include advice as non-charge withdrawal in LISA

With the HMRC’s consultation on the Lifetime ISA closing to responses today, Nucleus is calling for the inclusion of adviser charging as a non-charge withdrawal and a lower withdrawal charge of 20%.

06 Jan 2017

Just 8% of savers confident they're on the best rate

Just 8% of savers confident they're on the best rate

5.7m Brits plan to switch savings account in 2017, as only 8% are sure they’re on best rate, according to new research from Masthaven.

04 Jan 2017

Millennials top 2016 savings table

Millennials top 2016 savings table

18 to 34 year-olds saved more in 2016 than any other generation, according to new research from Charter Savings Bank.

28 Dec 2016

Over-55s 'majorly concerned' over falling return on savings

Over-55s 'majorly concerned' over falling return on savings

Almost one in four over-55s now view the drop in return on savings as a threat to their financial health – up from 17% in Q2 2016 to the highest point in almost three years.

28 Dec 2016

Atom Bank deposits top £110m

Atom Bank deposits top £110m

Atom Bank has seen Fixed Saver deposits exceed £110 million since its launch.

20 Dec 2016

Government scraps LISA exit charges in first year

Government scraps LISA exit charges in first year

The government has announced that the 25% withdrawal charge for the Lifetime ISA will not apply for the first year, as people could face a 25% Government charge up to 12 months before they receive the bonus.

14 Dec 2016

 

Savings accounts paying over 1% halve in 2016

Savings accounts paying over 1% halve in 2016

The number of savings accounts paying 1% or more has halved in 2016 as reductions outweigh rate rises for the 14th consecutive month.

13 Dec 2016

FCA introduces new savings account rules

FCA introduces new savings account rules

The FCA has introduced new rules requiring firms to provide easy-to-understand key information in an upfront summary box to help consumers compare savings accounts.

01 Dec 2016

MPC denies low interest rates are hurting savers

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MPC denies low interest rates are hurting savers

External MPC member Gertjan Vlieghe has hit back at arguments that low interest rates hurt savers, because savers hold significant amounts of non-deposit assets, such as property, which benefit from low interest rates and asset purchases.

29 Nov 2016

New investment platform for advisers launches

New investment platform for advisers launches

Financial services technology provider, EValue, has joined forces with fintech firm, Moola, to create a new investment platform for advisers.

25 Nov 2016

Budget 2016
NS&I to launch 2.2% savings bond

Budget 2016
NS&I to launch 2.2% savings bond

Chancellor Philip Hammond has announced the launch of a new savings bond through NS&I.

23 Nov 2016

Chancellor warned against delaying LISA launch as appetite grows

Chancellor warned against delaying LISA launch as appetite grows

Investment firm True Potential says the Lifetime ISA must not be halted amid calls from the pensions industry to delay or abandon it.

22 Nov 2016

Leeds launches new fixed rate ISA at 1.01%

Leeds launches new fixed rate ISA at 1.01%

Leeds Building Society has launched a new one year fixed rate ISA at 1.01% which it says is currently the highest rate on a one year fixed rate ISA from a High Street provider.

22 Nov 2016

Building society mortgage approvals up 6% in Q3

Building society mortgage approvals up 6% in Q3

The Building Societies Association's mortgage lending and savings figures for Q3 show that lending by building societies continues to grow on an annual basis, maintaining their share of lending in a slowing mortgage market.

21 Nov 2016

FCA overhauls asset management rules with 'all-in fee' proposal

FCA overhauls asset management rules with 'all-in fee' proposal

The FCA's interim findings of its asset management market study suggest that there is "weak price competition" in a number of areas of the industry.

18 Nov 2016

LISA sale must include workplace pension warning: FCA

LISA sale must include workplace pension warning: FCA

The FCA has today outlined its proposed approach to regulating the promotion and distribution of the Lifetime ISA, stating that investors must be warned about early withdrawal charges and potential lost workplace pension contributions.

16 Nov 2016

Lifetime ISA mis-buying scandal a "real risk", warns Webb

Lifetime ISA mis-buying scandal a "real risk", warns Webb

Steve Webb, former pensions minister and Director of Policy at Royal London, has warned that there "is a real risk of a mis-buying scandal" as the wrong people take out Lifetime ISAs.

15 Nov 2016

Innovative Finance ISA to include crowd bonds

Innovative Finance ISA to include crowd bonds

HM Treasury has introduced new legislation to extend the Innovative Finance ISA to include crowd bonds from 1 November 2016.

27 Oct 2016

Yorkshire BS launches Help to Buy ISA at 2%

Yorkshire BS launches Help to Buy ISA at 2%

Yorkshire Building Society has today announced the launch of its Help to Buy ISA.

25 Oct 2016

Government urged to scrap Personal Savings Allowance

Government urged to scrap Personal Savings Allowance

Following the Bank of England's decision to cut the base rate to 0.25%, the Government should abolish the Personal Savings Allowance and replace it with an interest exemption, say chartered accountants Blick Rothenberg.

18 Oct 2016

FCA sets out new universal banking competition rules

FCA sets out new universal banking competition rules

The FCA has set out a package of remedies to ensure effective competition in the investment and corporate banking market.

18 Oct 2016

Government: LISA will have 'negligible impact' on pensions

Government: LISA will have 'negligible impact' on pensions

A new government impact assessment of the Lifetime ISA says the scheme will have only a negligible impact on the pensions system, predicting a saving of just £10 million in tax relief as a result of investors moving away from personal pensions into the LISA.

17 Oct 2016

Brits facing retirement income gap of £16,000

Retirement

Brits facing retirement income gap of £16,000

The average Briton is at risk of receiving just a quarter of the annual income they want in retirement due to a failure to save enough throughout their working lives, according to research by Wesleyan.

07 Oct 2016

Atom Bank opens to wider market ahead of full banking launch

Atom Bank opens to wider market ahead of full banking launch

Digital challenger Atom Bank has announced that it is now fully open to all UK customers.

06 Oct 2016

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