All Savings & Investments Stories

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

TISA: finance industry can "thrive" without passporting rights

TISA: finance industry can "thrive" without passporting rights

TISA says the savings and investment industry "can thrive outside the European Union" and has outlined recommendations that are not dependent on firms having ‘passport’ rights and do not require the free movement of people.

05 Oct 2016

FCA to standardise disclosure of pension scheme transaction costs

FCA to standardise disclosure of pension scheme transaction costs

The FCA has published proposed rules and guidance aimed at standardising the disclosure of the transaction costs incurred by pension investments.

05 Oct 2016

Rock-bottom savings rates boost offset mortgage appeal

Rock-bottom savings rates boost offset mortgage appeal

Offset mortgages could be "particularly beneficial at present" as borrowers with a separate mortgage and savings account are faced with rock-bottom savings rates and the average fixed-rate offset mortgage falls to 2.30% from 2.60% in October 2015.

04 Oct 2016

Standard Life re-opens property fund as sector 'returns to normality'

Standard Life re-opens property fund as sector 'returns to normality'

Standard Life Investments has announced it will re-open its UK Real Estate fund on Monday 17th October 2016.

26 Sep 2016

Lifetime ISA bonus to be paid monthly

Lifetime ISA bonus to be paid monthly

The Treasury has today provided further details on the Lifetime ISA, confirming that from 2018-19 the bonus will be claimed and paid on a monthly basis, rather than deferring until after the end of each tax year.

15 Sep 2016

BTL sector will see less of the 'Dinner Party' landlord

BTL sector will see less of the 'Dinner Party' landlord

The changes impacting buy-to-landlords, including an increase in stamp duty for additional homes and the changes to mortgage interest tax relief next year, will mean a move towards more professional and less ‘dinner party’ landlords active in the private rental sector.

14 Sep 2016

Help to Buy ISA: the best savings account first-timers are ever going to get

Help to Buy ISA: the best savings account first-timers are ever going to get

With every week that passes there appears to be another ‘revelation’ about the Help to Buy ISA questioning at what point the Government bonus will be paid, what type of ownership it can be utilised for, and whether it is a scheme which is all it’s cracked up to be. I have to admit that part of me looks on at this with something akin to bemusement – after all, where else but in the highly technical world of the UK housing market would we be complaining about a scheme which effectively provides first-time buyers with a large bonus just for saving their money?

09 Sep 2016

Government pushes ahead with Lifetime ISA launch

Government pushes ahead with Lifetime ISA launch

The Government has published its Savings (Government Contributions) Bill covering details of the Lifetime ISA, confirming that it is continuing with plans to launch the product in April 2017.

07 Sep 2016

Savings providers cut rates by up to 1.3% in August

Savings providers cut rates by up to 1.3% in August

August has been the worst month of the year for savings rate cuts following the Bank of England's decision to cut the base rate to 0.25%.

31 Aug 2016

ISA subscriptions fall as savings rates continue to dwindle

ISA subscriptions fall as savings rates continue to dwindle

Around 12.7 million Adult ISA accounts were subscribed to in 2015-16, down from 13.0 million subscribed to in 2014-15, according to HMRC's latest ISA statistics.

26 Aug 2016

Aldermore appoints savings manager

Aldermore appoints savings manager

Aldermore has appointed Anna O'Connor as an Operations Manager in its savings business.

25 Aug 2016

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