Guest blog: When Cash is King – A solution for SIPP savers

Guest blog: When Cash is King – A solution for SIPP saversIn her latest guest blog for Investment Sense, Gillian Bardin, Managing Director of Taylor Patterson looks at the case for holding Cash in a Self-Invested Personal Pension (SIPP) and explains how their unique Cash SIPP works. Many people wish to hold their pension funds in a safe accessible vehicle as a temporary measure. This may allow time for them to find the correct commercial property to invest in or it may be a temporary home until sufficient assets can be built up ...

Blow for investors as Hargreaves cut cash interest rates

iStock_000015237111XSmallSavers and investors holding cash with Hargreaves Lansdown, the UK’s biggest direct to consumer platform, will see interest rates cut by at least 50% from next month. From 10th August, investors who hold Cash on the Hargreaves Lansdown Vantage Platform will see interest rates cut from 0.1% to 0.05% on balances between £7,000 and £50,000. For balances in excess of £50,000 the interest rate will be cut from 0.25% to 0.1%. Quoted on Citywire, Danny Cox of Hargreaves Lansdown defended the cuts, saying: ...