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Peer2Peer Finance News | October 17, 2018

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savings

Government rules out shifting regulatory responsibility for savings

October 12, 2018 |

THE UK government has ruled out handing responsibility for savings levels to the Treasury but said it carefully considers views on tax reliefs such as ISAs.

MPs on the Treasury select committee had called for the government to move responsibility … Read More

Zopa supports Citizens Advice ‘super-complaint’

September 28, 2018 |

ZOPA is supporting a ‘super-complaint’ against the Competition and Markets Authority (CMA) which aims to stop loyal bank customers from being overcharged.

National consumer protection charity Citizens Advice lodged the super-complaint on Friday, after calculating that UK consumers lose out … Read More

‘Generation Snowflake’ really does care about retirement  

August 31, 2018 |

THEY are often labelled ‘Generation Snowflake’, caring more about frivolous spending than saving for the future, but new research from Prudential has found Millennials are in fact focused on retirement.

A study conducted by the insurer found that 69 per … Read More

Base rate rise won’t ease saver woes, say P2P firms

August 2, 2018 |

PEER-TO-PEER lenders have warned that savers are unlikely to benefit from the latest interest rate hike.

The Bank of England’s monetary policy committee (MPC) voted on Thursday to raise the base rate from 0.5 per cent to 0.75 per cent … Read More

MPs call for review on impact of savings tax reliefs

July 26, 2018 |

TAX relief on ISAs and pensions is failing to stimulate savings, MPs have warned.

A Treasury select committee report on household savings found many households are lacking any “rainy day” buffers, but said current products were not helping.

The report, … Read More

Zopa: Bank of Mum & Dad closed for child savings

June 20, 2018 |

THE Bank of Mum and Dad appears closed when it comes to parents helping their children start saving or investing, Zopa claims.

A poll by the peer-to-peer lender found a fifth of parents are refusing to put money aside for … Read More

Savings app Oval Money raises £1.3m to expand product range

April 13, 2018 |

AUTOMATED savings platform Oval Money has raised £1.3m in a fresh funding round that will be used to expand the range of products that users can put money into.

The app was founded by former Uber Italy chief executive Benedetta … Read More

Why you should invest in an ISA at the start of the tax year

April 9, 2018 |

THE RUSH to meet the 2017/18 ISA deadline is over, and a new ISA season has begun. But while many savers may feel that they have done their duty for another 12 months, it is never too early to start … Read More

Savers focusing too much on cash ISAs, warn advisers

February 6, 2018 |

BRITONS are holding onto too much cash in their ISAs instead of taking bigger risks with their money, according to new research.

A recent survey from investment firm Octopus Investments found that 75 per cent of financial advisers believe their … Read More

£700bn languishing in savings accounts due to inertia

December 4, 2017 |

SAVERS can’t bank on interest rate rises to shore up their savings and need to shop around to release money locked up in poor-paying accounts, Insignis Cash Solutions has claimed.

The cash management provider said more than £700bn is languishing … Read More