Britons lose millions in penalty charges as they cash in LISAs

15 Jul 2022

Thousands of Britons facing a cost-of-living crunch have been withdrawing funds from their Lifetime ISA (LISA) accounts and getting hit with significant penalty charges. According to HM Revenue & Customs (HMRC), a record 77,500 LISA savers were issued over £33

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Warning – Scams on the rise

1 Jul 2022

The last month has seen the number of scam warnings issued by police, banks and financial regulators rise, as fraudsters prey on the cost-of-living crisis to target savers’ money. ‘Advance fee’ loans Lloyds Bank is one of the institutions to

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Is the UK facing a recession?

1 Jul 2022

Memories of the 2008 recession and financial crisis are still very fresh in the mind of investors and businesses. So, the prospect of a recession remains high on the agenda for savers and their financial strategies. With the economy shrinking

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Passing on wealth – How are parents sharing their fortunes?

1 Jul 2022

New data from Saga suggests that parents’ plans to pass on wealth are changing, with many choosing to give wealth to loved ones while they are still alive, often choosing to refinance assets to provide support. According to the study,

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