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Savings, Pensions & Investments

Diversification

Phoenix backs early stage firms with £100m VC fund

Standard Life house
Phoenix will expose investors to new asset class Phoenix Group, the UK’s largest long-term savings and retirement business, has launched its first dedicated venture capital fund to invest in disruptiveRead More

On the Money

Why it pays to stay calm amid market fear and greed

Alan Steel
On The Money: ALAN STEEL says the sentiment swingometer points towards team performance, rather than individual players

'Transformation' plan

M&S closes bank branches and current account

M&S credit card
M&S credit cards will remain Marks & Spencer Bank is terminating current and saver accounts and closing all 29 in-store branches. The bank has three million customers, though only 150,000Read More

FSCS steps in

3,500 members of failed credit union due payouts

Money - own pic
Compensation on way Members of a failed Scottish credit union will share £3.3 million in compensation from the Financial Services Compensation Scheme (FSCS). The FSCS has stepped in to protectRead More

Letter to City minister

Platform CEOs demand IPO access for small investors

London Stock Exchange
Stock market IPOs should be open to all, say platforms Three investment platforms have written an open letter to Treasury minister John Glen demanding an end to the exclusion ofRead More

Star manager returns

Woodford plans comeback with biotech fund

Neil Woodford
Sorry: Neil Woodford apologised for fund collapse Neil Woodford, whose fund collapsed spectacularly in 2019, is aiming to resurrect his career with a new Jersey-based venture. Woodford Capital Management PartnersRead More

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