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Complaints over NS&I service keep pouring in as savers are hit with delays while rates tumble Customers say waiting times for calls to be answered are often up to an hour Some are also finding it difficult to register online after changes to bond prizes By Rachel Rickard Straus For The Mail On Sunday Published: … Read more
Woodford Equity Income savers told they won’t get their cash back for ANOTHER year By Lucy White For The Daily Mail Published: 21:53 BST, 30 September 2020 | Updated: 21:53 BST, 30 September 2020 Investors stuck in Neil Woodford’s doomed Equity Income Fund could be waiting at least another year to get their money back. … Read more
The only hope for savers wanting a decent return perhaps now rests solely with banks running prize draws. More providers are now offering savers the chance of winning cash prizes. And the more you invest, the better the odds. The nation’s favourite savings product — NS&I’s Premium Bonds — offers the chance to win £1 … Read more
The thousands of savers who entrusted almost £120million of their money to Wellesley Finance could hardly fail to have been impressed by the lineage of its founder, the 8th Earl Cowley, an aristocrat descended from the Duke of Wellington’s brother. But while Graham Wellesley has his illustrious name and his wealth, some of the investors … Read more
The concept of negative interest rates – where debtors are rewarded and thrift is punished – sounds far too crazy to be a serious policy measure. Until, that is, you consider that the biggest borrowers are governments, not least our own. Public borrowing has ballooned due to coronavirus and pushed the prospect of negative rates … Read more
Savers could soon have to pay to keep their money in a bank if negative interest rates are enforced. Many have suffered negligible rates for more than a decade and most high street banks now pay a pittance at 0.01 per cent. But experts last night said rewards for starved savers could fall even further … Read more
Britain’s savers could soon be charged to hold money with their banks after the Bank of England left itself wide open to setting interest rates negative for the first time. The Bank of England base rate of interest, which influences how cheaply banks can borrow money, what homeowners pay for their mortgage and how much … Read more
Scammers surely cannot believe their luck. A simple phone call is now all it takes to steal a pension saver’s life’s work. What’s more, as we reveal here, pension firms and financial regulators don’t have the power to intervene. And the police are not likely to investigate. It’s a win-win for fraudsters. It’s dreadful to … Read more
Savers trapped in frozen property funds until 2021 with watchdog still to bring in new rules By Sylvia Morris For The Daily Mail Published: 22:16 BST, 1 September 2020 | Updated: 22:41 BST, 1 September 2020 Savers who have had their money locked in property funds since the beginning of the pandemic could be forced … Read more
One of the top bosses at TSB says it is a ‘great fallacy’ that interest rates are important for savers By Helen Cahill, Financial Mail On Sunday Published: 21:49 BST, 29 August 2020 | Updated: 21:49 BST, 29 August 2020 One of the top bosses at TSB has said it is a ‘great fallacy’ that … Read more