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When my marriage broke down in 2015, one of my first priorities was separating my finances from my ex-husband. Over 17 years, he had been abusive and had a number of addictions, including to drugs, alcohol and gambling. I visited NatWest and poured my heart out. I was reassured our joint accounts would be closed … Read more
MR MONEY MAKER: Where to put your savings as east meets west By Justin Urquhart Stewart For The Daily Mail Published: 21:50 GMT, 8 January 2021 | Updated: 21:50 GMT, 8 January 2021 What’s Happening? There is a theme which I have followed for some years and it is showing no signs of stopping. It … Read more
Tax bills for savings interest you weren’t paid? HMRC still estimating earnings based on previous years despite 2020’s plunging rates By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 22 December 2020 | Updated: 22:25 GMT, 22 December 2020 Savers are facing baffling tax bills for interest they haven’t actually earned. HMRC estimates how … Read more
Britain will keep its £85,000 savings guarantee after Brexit… but a fall in the pound means it’s currently less generous than the one in Europe The £85,000 FSCS limit will be kept after Brexit The amount protected may not be adjusted until 2025 It has previously been linked to €100,000 worth of savings but the … Read more
ALEX BRUMMER: Why Andrew Bailey’s bid to calm the storm around £237m savings scandal could cause MORE trouble By Alex Brummer for the Daily Mail Published: 00:29 GMT, 19 December 2020 | Updated: 00:32 GMT, 19 December 2020 The choice of Andrew Bailey as governor of the Bank of England in December 2019, just days … Read more
Bank of England chief Andrew Bailey tried to remove his name from a damning report into a £237m savings scandal – as MPs call for a full inquiry Andrew Bailey ran the Financial Conduct Authority until March He was named and shamed in probe into watchdog’s handling of London Capital & Finance disaster Scandal saw … Read more
While the pandemic has wreaked havoc on vast swathes of British business, trading firms are in the pink. Households are estimated to have built up around £100billion of extra cash in lockdown as spending on everything from travel to meals out evaporated. Many of these ‘accidental savers’ have looked for ways to put this money … Read more
For almost 160 years, National Savings and Investments has been one of this country’s most-cherished institutions. Since its launch by William Gladstone, hundreds of millions of people have entrusted it with their nest eggs. It has protected the nation’s savings through most of Queen Victoria’s reign, two world wars, a financial crash and now a … Read more
Thousands of young savers face chunky investment charges because they cannot access Child Trust Funds due to problems proving the money is theirs. The first tax-free savings accounts began to mature just over 100 days ago as holders turned 18, but a large proportion have remained untouched since, with savers unable to benefit from windfalls … Read more
Heartless twins, 25, are spared jail despite stealing their grandparents’ £8,000 life savings while posing as their dutiful CARERS Clair and Louise Smith, 25, posed as carers and ran errands for elderly relatives The sisters have pleaded guilty to stealing £8,000 from Ayrshire pensioners Victims family say: ‘They will never get over this. It’s going … Read more