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Savings, Pensions & Investments

Smaller pots

Lower furloughed wages hit pension contributions

pension pot
Pension pots have fallen Pension contributions have suffered as thousands of furloughed workers have been paid only part of their salaries over the past year. Figures from the Office forRead More

Property investment

Eastbank analysis reveals significant returns for investors

Jason Arden
The property developer has seen above-average returns on its clients’ investments (promotion)

Long-awaited reform

Private pensions to be hit by change to inflation measure

pension pot
Savers will see their investments fall in value Private pension holders and those on benefits will among be the losers while students and rail passengers will be the gainers if,Read More

Compensation for members

FSCS steps in as Faifley Credit Union defaults

Money - own pic
Members will be compensated Faifley Credit Union in Clydebank ceased trading yesterday and is now in default. The Financial Services Compensation Scheme (FSCS) has stepped in to protect the members all 95Read More

Advice to savers

More raid pension pots during pandemic

pension pot
More savers have taken out their entire pension pot The number of people accessing their pension for income increased by 56% between April and September this year, according to newRead More

ABI conference

Rethink call as customers demand free financial advice

Pension
Customers want free advice Financial advice needs to change says an industry leader as evidence emerges that most people are not prepared to pay for it. Nearly three-quarters (72%) ofRead More

On the Money

One way or another the gloomsters will be trumped

Alan Steel
Market pessimists rarely have a good election, writes ALAN STEEL

Question over triple lock

Pensions to rise by above inflation for third year

pension pot 2
Pensions will rise by just over £4 a week Pensioners are in for another inflation-busting rise next year after the latest cost of living data was published. The State PensionRead More

Dealing resumes

ASI lifts suspensions on property funds

Aberdeen Standard Investments golf
Reflated: ASI has resumed dealings in two funds (pic: Terry Murden) Aberdeen Standard Investments has lifted the dealing suspensions on its open-ended property vehicles. Suspension in March of the  £1.6Read More

On the Money

Bad news is killing long term investment beliefs

Alan Steel
A constant flow of negative news is undermining long-held faith in strategic investment, writes ALAN STEEL