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Savings

House price falls hit those relying on property for retirement income

A fall in house prices has hit over 50s relying on their property to provide a pension income.

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Businesses borrow less and save more

Businesses are borrowing less and saving more, the latest statistics from the British Bankers' Association (BBA) have revealed.

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State pension age could rise faster than planned

The state pension age could rise even faster than set out in the Pensions Bill, according to pensions minister Steve Webb.

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Interest rates remain at record low while Bank resists cash boost

The Bank of England's Monetary Policy Committee has voted to keep interest rates at their record low of 0.5 per cent for another month.

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Recession caused pension contributions to tumble

Contributions into personal pensions have taken a tumble as a result of the economic crisis.

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Mortgage applications could go to HMRC

A new fraud prevention scheme could see more mortgage applications go to HM Revenue and Customs (HMRC) for double-checking.

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Demand for borrowing still subdued, say banks

Businesses and individuals are continuing to adopt a cautious approach to borrowing, the British Bankers’ Association (BBA) has said.

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Savers still battling effects of inflation

The rising cost of living means that most savers are finding it a struggle to outpace the effects of inflation.

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New bonus rates for SAYE share option schemes

HM Revenue and Customs (HMRC) has announced changes to the bonus rates paid on Save As You Earn share option schemes.

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