Insurance giants axe dividends worth £1.3bn in fresh blow to beleaguered savers By Lucy White For The Daily Mail Published: 21:55 BST, 8 April 2020 | Updated: 22:19 BST, 8 April 2020 Insurance giants have axed dividends worth £1.3 billion in a fresh blow to beleaguered savers. Aviva, Direct Line, Hiscox and RSA Group all … Read more
Banks cut rates to bone (again): Thousands of savers will soon be earning next to nothing on their nest-eggs By Sylvia Morris For The Daily Mail Published: 21:50 BST, 7 April 2020 | Updated: 23:06 BST, 7 April 2020 Thousands of savers with big banks will soon be earning next to nothing on their nest-eggs … Read more
Savers’ lifeline as Tesco mulls £550m payout: 220,000 small investors in line for dividend By Matt Oliver For The Daily Mail Published: 21:55 BST, 5 April 2020 | Updated: 22:15 BST, 5 April 2020 Tesco is expected to press ahead with a £550m dividend for shareholders this week. The supermarket giant is likely to post … Read more
Savers who are under financial pressure or have lost jobs should beware scammers tempting them to tap pension pots early or switch them into dodgy investments. Taking money from pensions before you are 55 is especially hazardous, because the taxman slaps a heavy penalty on early withdrawals and the rest of your pot may then … Read more
Small banks hand savers a lifeline despite two quickfire base rate cuts as best buy short fixed-rate deals appear… but they may disappear fast The Bank of England has cut its base rate from 0.75% to 0.1% in eight days This has led to a fear of a raft of savings cuts and best buy … Read more
‘Cuts are inevitable’: Savers warned to prepare for another reduction in interest after base rate change Most banks and BS will start cutting rates in ten days’ time, expert says They will account for two changes in Base Rate, that has been cut to 0.1% By Jeff Prestridge for The Mail on Sunday Published: 22:59 … Read more
Savers set for a double-whammy as base rate is slashed to lowest ever level of 0.1%… but many banks haven’t even passed on last week’s cut yet The Bank had already cut base rate last week from 0.75% to 0.25% This rate influences banks determining mortgage and saving rates One expert says we are living … Read more
Almost £15bn of savers’ money now stuck in property funds after a slew went into lockdown amid concerns over coronavirus By Lucy White For The Daily Mail Published: 23:02 GMT, 18 March 2020 | Updated: 23:02 GMT, 18 March 2020 Almost £15 billion of savers’ money is now stuck in property funds after a slew … Read more
Scant consolation for savers as banks cut accounts within hours of the Bank of England slashing the base rate By Sylvia Morris For The Daily Mail Published: 23:37 GMT, 17 March 2020 | Updated: 23:51 GMT, 17 March 2020 Banks and building societies have been quick off the mark to slash savings rates. Within hours … Read more
Stock market rollercoaster: Blow for savers as shares soar 9% before rally fizzles out ending the day just 2.5% up By Lucy White For The Daily Mail Published: 21:50 GMT, 13 March 2020 | Updated: 21:50 GMT, 13 March 2020 Investors have endured the worst weekly rout on financial markets since the Great Recession, as … Read more