Nationwide savers forced to wait weeks to transfer Isas after building society slashes rates across the board By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 5 May 2020 | Updated: 22:01 BST, 5 May 2020 Nationwide has cut the rate on its Future Saver account by 2.5 points Nationwide customers are having … Read more
Any saver expressing interest in ditching a final salary pension is to be warned off in a letter telling them it’s unlikely to be in their best interests. Regulators have ordered pension schemes to start sending anyone requesting a cash valuation a letter urging them not to act in haste during the coronavirus outbreak, and … Read more
Now banks target their LOYAL savers with cuts four times bigger than the Bank of England base rate fall Official base rate was reduced by 0.65 percentage points last month to 0.1% Readers say banks have responded with rate cuts of up to 2.5 percentage points Nationwide, Yorkshire, Co-op Bank and Santander have dished out … Read more
Woodford management firm ‘let savers down’ by failing to raise alarm earlier, says former City minister By Daily Mail City & Finance Reporter Published: 21:50 BST, 13 January 2020 | Updated: 21:50 BST, 13 January 2020 The fund services business which oversaw Neil Woodford’s doomed investment empire is under fire for failing to adequately protect … Read more
Another mini-bond in administration: Blackmore owes savers £45m after promising 9.9% returns on property projects By Daily Mail City & Finance Reporter Published: 21:51 BST, 23 April 2020 | Updated: 21:51 BST, 23 April 2020 Another savings firm offering so-called mini-bonds has tumbled into administration, spelling potential disaster for investors. Blackmore Bond, which owes savers … Read more
NS&I axes planned brutal rate cuts for 21m Premium Bond holders and other easy-access savings accounts – but fixed-rates will still plummet More than 21m people hold Premium Bonds which were due to be less generous The odds on a £1 Bond winning a prize were due to lengthen to 26,000 to 1 The number … Read more
Savers face more misery as interest rate cut looms… but mortgages could get EVEN cheaper By Hugo Duncan for the Daily Mail Published: 21:52 BST, 15 January 2020 | Updated: 21:52 BST, 15 January 2020 Long-suffering savers are braced for a further hit to their nest eggs as pressure mounts on the Bank of England … Read more
The drumbeat for a cut in interest rates is building, with money markets betting on a reduction as soon as January 30 when the Monetary Policy Committee meets. Some 62 per cent of traders have placed deals which point to a quarter of a percentage point cut in the bank rate to 0.5 per cent. This … Read more
MIDAS SHARE TIPS: Family firm FW Thorpe giving savers a flick of light in dark times By Joanne Hart for The Mail on Sunday Published: 22:04 BST, 11 April 2020 | Updated: 22:04 BST, 11 April 2020 Frederick William Thorpe founded Thorlux Lighting in 1936. Today FW Thorpe still specialises in lighting products. It is … Read more
Savers who back Neil Woodford-style funds face crackdown on withdrawals under Bank of England proposals By Lucy White For The Daily Mail Published: 21:50 BST, 16 December 2019 | Updated: 22:58 BST, 16 December 2019 Investors in Neil Woodford-style funds may have to wait or accept a discount if they want to pull their money … Read more