How Britain’s ‘accidental savers’ have squirreled away £170bn after a year of lockdowns By Daily Mail City & Finance Reporter Published: 22:03 GMT, 1 March 2021 | Updated: 22:03 GMT, 1 March 2021 Households squirreled away another £18.5billion in January – taking the war chest built up by ‘accidental savers’ to £170billion. Workers who have … Read more
Are you one of lockdown’s accidental savers? Here’s where to put your windfall By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:52 GMT, 27 February 2021 | Updated: 21:52 GMT, 27 February 2021 Boost: The pandemic has created an army of six million ‘accidental savers’ The pandemic has created an army of six million ‘accidental … Read more
Millions of savers were unable to access their money yesterday after a meltdown at beleaguered National Savings & Investments. A ‘power outage’ hit the systems of the Treasury-backed bank meaning many of its 25million savers could not access its website, while its customer services could not help them over the phone either. Savers trying to log … Read more
Natwest becomes latest bank to bring back its dividend – despite setting aside £3.2bn to cover bad loans and recording a £351m loss last year By Lucy White For The Daily Mail Published: 21:57 GMT, 19 February 2021 | Updated: 22:17 GMT, 19 February 2021 Change of direction: Natwest chief executive Alison Rose Natwest … Read more
Savers have put aside £1,000 since the start of Covid-19 lockdowns after being unable to splash out on holidays and nights out, survey shows More than 41 per cent made savings after cancelling plans such as holidays More than three-quarters said they had to cancel plans because of the pandemic The research found that exactly … Read more
Savers have put aside £1,000 since the start of Covid-19 lockdowns after being unable to splash out on holidays and nights out, survey shows More than 41 per cent made savings after cancelling plans such as holidays More than three-quarters said they had to cancel plans because of the pandemic The research found that exactly … Read more
The pandemic has produced some of the fastest turnarounds in history. Pharma companies Pfizer and Astrazeneca reduced the vaccine development cycle from a decade to less than a year. And City traders quickly learned that it wasn’t necessary to be in Canary Wharf to drive markets to commanding heights. Commercial transformation to digital has been … Read more
Disgraced fund manager Neil Woodford is still under investigation by the City watchdog – but that hasn’t stopped him setting up an investment firm in a bid to revive his career. Woodford’s original investment empire collapsed in 2019 and since then, savers who entrusted him with their money have lost at least £1billion. That is … Read more
The Government has again refused to publicly back proposals designed to make it easier for the parents of disabled children to access Child Trust Fund savings, as it was warned as much as £107million could be ‘lost’ over the next decade. Responding to questions in the House of Lords on Thursday, justice minister Lord Wolfson … Read more
Britain’s first bank in 100 years to lend money solely to farmers has opened its doors to everyday savers with a range of competitive deals, This is Money can reveal. Cheshire-based Oxbury Bank, which obtained its banking licence in January 2020, will pay savers 0.58 per cent on a 95-day notice account, the third-best rate … Read more