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Peer2Peer Finance News | June 20, 2018

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savings

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

Concern over number of Brits living ‘cheque to cheque’

November 27, 2017 |

ALMOST half of Brits don’t have enough savings for unexpected financial events, a survey claims.

Research from credit reference agency Equifax found 43 per cent of adults have not put any money aside for emergencies such as unemployment, illness or … Read More

Lendy: Savers missing out on £27bn of returns due to inflation

November 18, 2017 |

UK SAVERS could lose £26.5bn over the next year as inflation eats into capital in low-interest savings accounts, according to new research from Lendy.

The peer-to-peer property platform claims that savers collectively receive just £10.06bn of interest on the £1.3trn … Read More

Bank of Mum & Dad “shielding” children from financial realities

October 30, 2017 |

THE BANK of mum and dad may be renowned for funding mortgage deposits, but now it is running savings and investment portfolios for its children as well.

Research by Investec’s online investment platform Click & Invest found only 52 per … Read More

Savings crisis ‘looming on the horizon’

October 18, 2017 |

A FAILURE to put enough money away and a lack of financial education mean a savings crisis is looming on the horizon, a new report has warned.

A survey of over 2,000 UK employees found a third were saving less … Read More

Bank of England urged to delay base rate rise

October 16, 2017 |

AN INTEREST rate hike before the end of the year is unnecessary and should be avoided, a high-profile forecasting body has warned.

In its Autumn Forecast, the EY Item Club noted that the Bank of England’s Monetary Policy Committee (MPC) … Read More

Inflation hitting higher income households hardest

October 16, 2017 |

NEW analysis by investment and financial planning group Tilney has revealed that the wealthiest households have experienced a much higher rate of inflation over the last two decades than everyone else.

In its household inflation index report, Tilney calculated that … Read More