A survey by Which? Magazine has found that 8 out of the 12 banks and building societies do not personally inform their clients when they cut the interest rate on their savings accounts.
The Government is proposing to implement an annual allowance for pension contributions of £40,000 and suggests this could be indexed – reports Money Marketing.
Government-backed National Savings & Investments (NS&I) have announced that they've pulled two popular inflation-beating products and slashed rates on other products after seeing record inflows of cash.
Since 2010 I've been helping people with their personal finances for FREE. Every year we help over 2 million people but that's not enough. Help me help more people by sharing the site with your family, friends and colleagues. - Damien Fahy, Founder