According to the Office for Budget Responsibility (OBR), changes to pensions brought in since 2010 could cost the public purse around £5bn a year and have made private pensions less attractive than other forms of savings to many workers, particularly higher earners. Read More
A report from the National Audit Office questions whether smaller firms are really getting a larger slice of the Whitehall pie. Read More
Recent financial research has revealed that SMEs are missing out on around £40 million a year in interest payments, by leaving their cash in bank accounts offering pitiful returns. Read More
Average cash Isa rates have fallen to just 1.43 per cent as providers continue to steer away from new tax-free offerings, Bank of England data has found. Read More
The majority of high street banks in Britain have increased their rates for savers, though National Savings & Investments (NS&I) has gone against the market trend and decided to cut the rate on its Direct Isa, meaning it will be 1.25 per cent from 16th November. Read More
Competition in the savings market is increasing as two big high street names – Skipton and the Post Office – are now offering a 1.4 per cent interest rate (before tax) for online easy-access accounts. Read More
George Osborne has launched his spending review with a call for £20bn cuts to Whitehall budgets. Read More
The Bank of England’s governor, Mark Carney, has indicated that a base rate rise is looking increasingly likely to happen, and potentially as early as December. Read More
Charter Savings – the challenger bank – has increased interest rates on five of its fixed-rate bonds, increasing competition in the savings marketplace. Read More
Two up and coming challenger banks – Charter Savings Bank and Vanquis Bank – are offering market-leading interest rates on their 12-month savings accounts. Read More