Savings: Act quickly so you don’t miss out on Pensioner Bonds

Act quickly so you don’t miss out on Pensioner BondsNew research has shown that older savers could miss out on the great interest rates offered by Pensioner Bonds if they don’t act quickly. Last week, National Savings & Investments (NS&I), who will administer the Pensioner Bonds, announced the interest rates which are well in excess of other comparable accounts. The one year fixed rate Pensioner Bond will pay a gross interest rate of 2.8%, whilst the three year fixed rate will pay 4.00%. Read more: Pensioner Bonds launched with table topping rates Act quickly ...

Thousands of people ‘sacked’ by their financial adviser

Thousands of people ‘sacked’ by their financial adviserNew research has shown that thousands of savers and investors have been ‘sacked’ by their financial adviser over the past year. The figures, by the fund manager Schroders, confirm that some financial advisers are becoming more choosy about who they take on as a client. The research reveals: Around 20% of advisers have “formally” asked a client to leave over the past 12 months 69% of ‘sacked’ clients had investments of less than £50,000 Why are advisers ‘sacking’ clients? There are a number of reasons why some advisers, although far from ...

Retirement: Government expects people to make “wrong choices”, 7 ways to avoid being one of them

Government expects some people to make the “wrong choices”, 7 ways to avoid being one of them?2014 has been a momentous year for pensions, with possibly the biggest changes in a generation announced. However, according to the man overseeing the new rules, Pensions Minister Steve Webb, some pension savers will “make the wrong choices” and end up less well off in retirement. Speaking at a recent conference Mr Webb said: “"This coming April some people will get it wrong. They will make the wrong choices. They will get a worse outcome than ...

Savings: Pensioner Bonds launched with table topping rates

Pensioner Bonds launched with table topping ratesThe interest rates on Pensioner Bonds have finally been announced and if you are a saver aged over 65, they will certainly put a smile on your face. The Pensioner Bonds will be offered by National Savings & Investments (NS&I) and were initially announced in the Budget earlier this year, but the interest rates have only just been revealed. What are the interest rates on Pensioner Bonds? Two bonds will be available, with fixed rate terms of one and three years; anyone aged 65 or over can apply for ...