SIPPs: Where now for SIPP deposit accounts?

Crumpled question marks heapPeople using deposit accounts in their Self-Invested Personal Pension (SIPP) have had it tough for a number of years. Interest rates, which were already at record low levels following the financial crisis, fell even further when the Funding for Lending scheme was introduced, some banks and building societies have withdrawn their accounts and for much of the last few years inflation has been higher than interest rates. But SIPP deposit account savers are nothing if not a patient bunch. In our ...

Savings: A new account to beat inflation

Leeds Building SocietySavers struggling to find a real, above inflation return, will welcome the launch of two new accounts from the Leeds Building Society. Inflation, as measured by the Consumer Prices Index (CPI), currently stands at 2.80%; savers who receive interest, after tax, of less than this figure, will see the real value of their savings shrink. Since the financial crisis savers have been hit by low interest rates, but the situation has been made worse by relatively high inflation and cuts to savings ...

One million forced to sell their home to pay for care

iStock_000001293543_ExtraSmallNew research has shown the single biggest fear for many elderly people, having to sell their home to pay for the cost of care, has become an unpalatable reality for over one million families in the UK. The figures, from NFU Mutual, show 1.1 million families have been forced to sell their home to help meet the costs of long term care over the past five years; far higher than Government estimates of 40,000 per year....

Buy to let boom continues

iStock_000010528981XSmallNew figures from the Council for Mortgage Lenders (CML), show the buy to let market continues to surge forward, on the back of low interest rates, low property prices and strong demand from tenants. The figures from the CML show 40,000 buy to let mortgages were granted in the second quarter of the year, totalling just over £5 billion. Both figures are at their highest levels since 2008, when the market was being ravaged by the twin effects of the financial crisis and the credit crunch. The new ...