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: ...

A new cash option, introducing the Cater Allen Cash Hub

Cater AllenFinding a Cash option, which pays a competitive rate of interest, allows the flexibility of instant access to capital and has more functionality than a simple deposit account is tough. But investors and advisers alike now have a new option, in the form of Cater Allen’s innovative Cash Hub. What is the Cater Allen Cash Hub? Simply put, the Cater Allen Cash Hub is a transactional account, which sits at the centre of a portfolio and facilitates the movement of money, whilst ...

Retirement: Close to retirement? How to avoid sleepless nights over tabloid scare stories

newspapersMost people will have seen stories in the press, online and on television covering the recent falls in the value of the world’s stock markets and in particular on the FTSE, the main UK market. The FTSE 100 peaked at 6,840 on the 22nd May; a month later following almost daily falls, today it currently stands at around 6,050. That’s a drop of approximately 10% in a month, which could make a real impact on your income if ...

SIPPs: 12 things everyone should know about their SIPP

iStock_000002419188_ExtraSmallSIPPs (Self-Invested Personal Pensions) are now a mainstream way of saving for your retirement. Indeed recent figures have shown there are now more than one million SIPP’s in existence. So, if you are one of the million or so people with a SIPP, how do you know you have the right SIPP? What questions should you ask your SIPP provider? What information should you know but perhaps don’t? Read on to find out 12 things every SIPP investor should know. 1. How much ...