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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
VICTORIA BISCHOFF: Rishi Sunak’s budget is kicking savers while they’re down By Victoria Bischoff for the Daily Mail Published: 23:16 GMT, 11 March 2020 | Updated: 23:21 GMT, 11 March 2020 Just when you thought things couldn’t get worse for savers, they were dealt two crushing blows in a matter of hours. The bad news … Read more
Misery for savers as share rally fizzles out after biggest stock market fall since 2008 crash By Lucy White For The Daily Mail Published: 22:51 GMT, 10 March 2020 | Updated: 22:51 GMT, 10 March 2020 A brief stock market rally fizzled out almost as soon as it had begun on another glum day for … Read more
Women are slowly but surely making their presence known in the business world. Ahead of International Women’s Day tomorrow, the FTSE 100 welcomed its sixth female chief executive this week as Milena Mondini de Focatiis was named new boss of insurance group Admiral. On the FTSE 350, women make up nearly a third of board … Read more
Who would be a stock market investor? Truth is, most of us. The era of super-low interest rates since the financial crisis has everyone searching for income and yield. And although almost every investment in equities and funds carries the health warning that shares can go up and down, no one is quite prepared when … Read more
Savers risk plunging themselves into crippling poverty in later life because they are cashing in their pensions too quickly, new report warns Insurers warn middle-aged savers risk poverty by cashing in pensions too early They suggest savers are withdrawing their money at an ‘unsustainable rate’ More than 350,000 savers cashed in their entire pension pot … Read more
If the new Chancellor Rishi Sunak wants to appeal to Tory voters in the shires and the new converts in the Red Wall seats of the North, he should use his first Budget to end the war of attrition on savers. Thrift and personal responsibility are at the core of Conservative values. They are also … Read more
If the new Chancellor Rishi Sunak wants to appeal to Tory voters in the shires and the new converts in the Red Wall seats of the North, he should use his first Budget to end the war of attrition on savers. Thrift and personal responsibility are at the core of Conservative values. They are also … Read more
Savers hammered by double whammy of surging inflation and falling interest rates By James Salmon for the Daily Mail Published: 21:59 GMT, 21 February 2020 | Updated: 21:59 GMT, 21 February 2020 Millions of savers have been hit by a double whammy of surging inflation and falling interest rates. The number of accounts which pay … Read more