In a year of firsts for many of us, the Bank of England (BoE) has mooted a first of its own: they have asked the banks if they are operationally ready for negative interest rates. That is, banks, and by extension those that save with them, would be charged for holding onto cash.
All investors have to begin somewhere. The short answer is £50 a month, but that’s probably not particularly helpful to you because it does not take into account your circumstances.
UK economic recovery slows to 2.1% in August. The UK’s economic recovery following sharp declines caused by the coronavirus lockdown continued to slow in August 2020, official figures show.
Staying on track during a turbulent year. To ensure you will be financially secure throughout your lifetime, planning is essential. It’s also important to remember that a financial plan needs continued attention, especially in unprecedented times like these.
Pension freedoms age rising to 57 in 2028 dashes early retirement hopes. The age at which retirement savers can access their private pensions will increase from 55 to 57 in 2028 confirmed.