Savings Accounts Articles: News, Guides & Advice

Many savers are not going to have enough money to live on when they retire, Hargreaves Lansdown has said.

The automatic-enrolment system, to be introduced in 2012, might result in the closure of many workplace pensions schemes.

The sell-off of a workplace scheme comes in order to cover the communications firm against future pension payments.

Women seem especially vulnerable to the fears, which centre around a perceived lack of savings to fund a comfortable retirement.

The PPF was very active last month, stepping in to rescue an unusually high number of insolvent retirement savings schemes.

The funds have been outperformed by the FTSE All-Shares Index over the past ten years, according to an IFA.

Pensioners could lose out on hundreds of pounds for each month before their income begins, analysis from the firm has shown.

The system is still not "perfect", following the introduction of new voluntary guidelines on ISA transfers.

The tax advantages of investing in a CTF were strongly affirmed today by an IFAs' group.

Most people are using their savings to fund upgrades to their properties, the lender has found.

Divorced partners who split pension benefits between them are to gain greater flexibility in how they can spend these retirement savings.

The "savings war" has been good for customers, Defaqto has said - but they were also advised by the firm to shop around carefully for an account.

A mainstream savings account would have outperformed the average unit trust over the past eight years, the BBC reports.

The new guidelines have been jointly launched by banks, building societies and Tisa.

Drama and sports lessons are stretching parents budgets - with just one in twenty saving any money for them.

The generous schemes are continuing to close - and their scarcity is also providing employers with a way of retaining their best workers.

Pensions minister Mike O'Brien is under fire for the upcoming benefits changes, which means that pensioners have a much shorter time in which to claim money back.

Around one in ten people interested are the system are not Muslim, a provider has claimed.

The £250 voucher which launches each fund should be boosted to £288 to keep up with inflation, the firm says.

With savings accounts rates unusually high, people who dip in to their accounts to fund their trips are missing out on £3 billion a year in interest.

Many child trust funds are allowed to expire by parents, new analysis from the financial firm has shown.

The impact of a heart attack is well known - but new analysis calls for its impact on pension savings to be taken into consideration, too.

Saving up to buy a big-ticket item - or even just to spend on a whim - is becoming preferable to using credit for many.

Looking to see what their pension fund is investing in is being deliberately put off by many people - just like a check-up at the dentist.

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