RESEARCH

UK savings market rate cut spiral stops for the first time in months and product choice rises

UK savings market rate cut spiral stops for the first time in months and product choice rises

Moneyfacts UK Savings Trends Treasury Report data, to be published this week, reveals that average rates across the savings spectrum (both variable and fixed) have not reduced month-on-month for the first time since October 2020. The stabilisation in the market is great news for savers and choice has continued to rise this month, and is now close to levels seen at the start of this year.

RESEARCH

Young people that fail to save into a pension because of the Covid crisis could miss out on thousands in savings by retirement age

Young people that fail to save into a pension because of the Covid crisis could miss out on thousands in savings by retirement age

Purely Pensions, a specialist in pension advice, complex retirement planning and defined benefit transfer advice, has uncovered that many young people starting work in the wake of the crisis who may have chosen not to begin saving towards their pension, could miss out on tens of thousands in savings by the time they reach retirement age.