Savings Accounts Articles: News, Guides & Advice

The average best-buy account comes in at 1.51 percent above the base rate, an encouraging new report shows.

The average three-year course now costs over £30,000 - leading some parents to take drastic action, a new Norwich Union study has revealed.

Generous employee pension schemes are likely to die out in the UK, a report from an actuarial firm suggests.

Retirement savings have been hit as a result of the difficult economic conditions - with the housing downturn also leading many to reconsider using their property for their pension.

Many savers are using funds from their cash ISAs to meet day-to-day costs, it has been claimed.

The firms have reduced interest rates for deposit accounts by up to 0.2 percent, in an apparent bid to protect profit margins.

Some workplace schemes could be put under pressure of collapse with the introduction of new laws, according to the business group.

Pensions savers should be made aware of the OMO - and should also not face delays if they decide to use it, according to the FSA.

Britons might have to keep working until they are 70 in the future, according to industry expert Lord Turner.

Many people are choosing not to use personal pension plans - and are instead favouring ISAs and property to fund their retirement.

More people are feeling financially stretched by the credit crunch - although many are also trying to save more.

Impressive cash inflows have been registered by Britain's building societies.

The tax-free savings accounts are proving less popular than before due to falling stock markets and the ongoing credit crunch.

The insurer said today that a computer bug was to blame for the mispricing of 35,000 customer's portfolios.

Around 450 more people will benefit financially from the new legislation, pensions minister Mike O'Brien has said.

The "returnment" trend could cause more people to seek out an advisor, the insurer has suggested.

An increased provision for stocks and shares within the ISA wrapper would help, according to the group of firms.

A striking lack of knowledge on the subject has been exposed by new research.

An MP has now intervened - and wants an official enquiry into the uncompensated workers' collapsed fund.

The Bank of England governor also said that the fund should be worth billions of pounds, in order to help depositors whose bank collapses.

Returns are not being maximised due to many people's unwillingness to switch accounts.

Consumers should avoid using property alone to fund retirement, according to new advice.

The union does not wish its pension plan savers to fund private equity buyouts, it has indicated.

Customers who lost part of their savings due to the firm's near-collapse should get some of their money back, an ombudsman's report states.

Many expect to work past the age of 65, while others believe that they will be forced to return to work after retirement due to lack of funds.

Many more pension savings schemes have fallen into the red, as stock markets continue to fall.

A major new report in to the state of the savings sector has been released by Scottish Widows.

People are finding putting money into savings less important than they did before.

Just over one in ten are paying their mortgage or rent through savings, a building society has said.

The monthly threshold for employee share plan savings should be put up by over £150, a financial group has said.

Money was moved out of stocks and shares ISAs in May, new figures reveal.

More and more is being paid into the savings funds, an association has found.

Many over-50s are left unsure about the status of their retirement savings, new research shows.

Britons now need a six-figure sum to get them through their retirement years, Life Trust has shown.

Many pension schemes have moved into deficit due to market volatility, it has been revealed.

Many of the UK's top workplace pensions have dipped into the red, it has been shown.

The chancellor has indicated that the compensation threshold is to be raised from its current level of £35,000.

The "uncertain economic outlook" has boosted savings accounts, new figures show.

People are saving more due to concerns that they don't have enough put by for retirement, an insurer has said.

The regions which save the most - and the least - have been found by a new study.

Men are saving more than women, Legal & General has claimed.

Self-invested pensions are to be given a major boost by new government legislation.

Votes at company shareholders meetings should be made public by law, trade unions have said.

Rising inflation is set to eat into many people's pensions savings.

Increasing numbers of firms are looking to offload their employees pension schemes over months to come, new analysis shows.

The cost of school and university fees is impacting on parents' pension pots, new research has shown.

The average UK retiree holds well over £100,000 in assets, a new survey shows.

Most Britons use a savings account in order to splash out on an annual holiday, Abbey has revealed.

Britain's bosses must educate their workers about pensions more, it has been suggested.

The pensions minister has announced new legislation, designed to safeguard workplace retirement savings.