Savers
- BusinessAOL
New freedoms see older savers cashing in pension pots
Older savers have collectively cashed in ยฃ4.7 billion from their pension pots in the first six months of the new retirement freedoms, according to the Association of British Insurers (ABI). The number of retirement annuities being bought by
2-min read - BusinessAOL
How the generations' luxury spending habits differ
A new study from RIAS reveals that over-50s spend over ยฃ2 billion a year more on holidays than younger adults instead of buying other luxuries. More than half (57%) have more disposable income now that their children have 'flown the
3-min read - BusinessAOL
Pensions vs ISAs: what's best for savers now?
The rules that govern pensions and individual savings accounts (ISAs) have undergone a radical shift but which one should you choose in the new world of savings? When looking at the merits of ISAs and pensions, savers must consider tax,
5-min read - BusinessAOL
Banks snuff out top rates on 'Super Isas'
Just as UK savers prepare to pour cash into Super Isas - the new cash limit soars from under ยฃ6,000 to ยฃ15,000 from 1 July - several banks are quietly cutting headline rates. Some by as much as 40%. Witness the Leeds Building Society snipping
- NewsAOL
Is there more quantative easing on the way?
More quantative easing could be unleashed by the Bank of England if new Governor Mark Carney's forward market guidance isn't adopted by the markets. Despite Carney's pledge not to tighten rates until unemployment slips to 7%,
- BusinessAOL
New-account bonus 'hard to find'
Hard-pressed savers will be lucky to find an account paying an introductory bonus this year, a consumer help website has said. The number of savings accounts offering bonuses has shrunk sharply since a Government scheme aiming to help borrowers
- BusinessAOL
Cuts to interest rates hit savers
Hard-hit savers face more income falls as banks and building societies make further cuts to their interest rates. The average return on a one-year fixed-rate account has fallen from 2.77% to 2.57% in the past two months while the typical
