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Savings

Inflation and VAT concerns make life worse for savers

News that the UK consumer price index rate of inflation made a surprise jump to 3.7 per cent last month will add to the discomfort of the nation’s savers.

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Personal pensions contributions show a marked slide

Contributions to personal pension funds dropped significantly during the recession.

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Pension schemes in the red again

Final salary pension schemes registered a deficit last month after moving briefly into surplus in the previous month.

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Savers under the cosh

A combination of low interest rates and rising inflation has made it exceptionally tough for the UK’s savers.

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Parents more inclined to give sooner rather than later

Increasing numbers of parents are giving money in advance to their children rather than leaving them bequests in their wills as a means of saving on inheritance tax.

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