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ISA savers punished by sixth yr of freezes

John Blowers, managing director of Investegate, mentioned: “With more than £700bn now held by UK investors in these tax-exempt ISAs, government consensus seems to be that the deal is just too good. So rather than perhaps encouraging those investors with bountiful portfolios to start...

Pocketing 40% of the curiosity from shopper’s money will not be truthful and needs to be unlawful

Over the final 12 months, the standard income margin i.e., the quantity of income they stored as a proportion of the money was between 1.7% and a pair of.0%.  The platforms ought to be capable to get hold of 4.5%+ on the billions of...

Hunt ‘working on solution’ to make sure banks go on rate of interest rises to savers

Chancellor Jeremy Hunt has mentioned he's “working on a solution” to make sure banks act faster to go on rate of interest rises to savers.Mr Hunt mentioned he advised financial institution bosses in “no uncertain terms” that there's a difficulty after acknowledging it's at...