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Some experts have voiced fears a tech meltdown could hit our savings and pensions – here’s how to protect yourselfThe new year has started as 2025 ended – with share prices booming amid warnings from some that the growth is being driven by overvalued t…
YouGov survey finds many say payments are too low and oppose reforms such as raising retirement age or cutsMost Europeans believe their country’s state pension system will soon become unaffordable – but they also think the current scheme is not generou…
Building societies fear consumers will be put off from saving if chancellor’s budget announces a 40% reductionBusiness live – latest updatesRachel Reeves’s plan to slash the annual cash Isa limit by 40% could lead to higher mortgage rates and deter con…
Increase of more than 40% from current figure of £85,000 will give more cover if financial firm goes bust The amount of a customer’s money protected if a UK bank or building society goes bust will rise to £120,000 next month, providing a boost to the n…
Treasury committee says move in November budget could push up mortgage rates insteadCutting the annual cash Isa allowance will not encourage many savers to switch to shares but could push up mortgage costs, MPs have warned the chancellor.Adults can put…
Research finds it would take average worker saving all their earnings for 52 years to match wealth of richest 10th of societyIt would take the average earner in the UK 52 years’ worth of earnings to become as wealthy as the richest 10%, according to ne…
Financial experts express alarm after jump in sums people taking out of retirement pots amid ‘jitters’ about taxOlder savers should avoid making rash decisions about their pension cash based on “fear and rumour”, experts urged this week.The warning cam…
Figures show 15m more tax-efficient savings accounts were opened in 2023-24, with more following as fears grew allowance might be cutBusiness live – latest updatesBritish households stuffed a record £103bn into tax-efficient individual savings accounts…
KPMG says higher savings rates are fuelling move to challenger banks, specialist lenders and building societiesHigh street banks across the UK have lost the equivalent of £100bn in savings as more customers turned from traditional lenders towards onlin…
City-funded campaign is endorsed by government, and aims to increase financial risk-taking in effort to spur growthIsa shakeup: How can Rachel Reeves nudge savers into buying stocks and shares?The advertising agency WPP has been asked to work up ideas …