HMRC stings Lifetime Isa savers with £9m of charges

28 Jan 2020

New data obtained from HM Revenue & Customs (HMRC) has shown that Lifetime Isa (LISA) savers have been charged more than £9 million in penalties for accessing their accounts since 2018. According to a Freedom of Information Request, withdrawal charges

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UK savers have more than £870bn in the bank

27 Jan 2020

The latest data from banking trade body UK Finance has shown that the British public has more than £870 billion in savings within major high street banks. Savings increased by 2.6 per cent in November 2019 compared to the previous

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Climate change a big risk to pensions, warns Carney

27 Jan 2020

The outgoing Governor of the Bank of England, Mark Carney, has said that thousands of UK pension schemes could be at risk of becoming worthless due to the challenges of climate change. Speaking during an interview with Radio 4’s Today

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