Is June the time to buy Premium Bonds? June 3, 2025 Premium Bond prizes range from £25 to £1m, but the odds of winning can feel very small compared to the rate savings accounts offer right now. Over 24m people in the UK own Premium Bonds, a savings vehicle offered by Treasury-backed National Savings and Investments (NS&I). Winners for June are due to be announced over [...]
One in ten Brits have no cash savings, City regulator says May 16, 2025 One in ten Brits do not have any cash savings, the City regulator has warned, concerning signs that hundreds of thousands of people could be unable to cover emergency bills. New research by the Financial Conduct Authority (FCA) has also suggested that a fifth of people have less than £1,000 available to draw on The [...]
Moneybox: Savings and investment platform gears up for possible IPO May 12, 2025 Savings and investment platform Moneybox is gearing up for a potential initial public offering (IPO) as it bolsters its boardroom with a new hire. The fintech has made a major signal it is working towards becoming a public company in the future with the appointment of Melissa Birge as an independent non-executive director. Birge has [...]
Why are we all saving so much? March 30, 2025 It’s a question that has been puzzling economists for months. The worst of the cost-of-living crisis is, for most households, moving further into their rear-view mirror. The Bank of England’s rate setters have successfully – if belatedly – reined in the worst of the inflation that caused so many households to tighten their belts after [...]
Phoenix Group shares soar after upgrading outlooks March 17, 2025 Shares in Phoenix Group rallied over six per cent on Monday morning after the firm smashed its cash generation target and upgraded its future guidance. The FTSE 100 company, which owns insurer Standard Life, recorded a 31 per cent increase in operating profit for 2024, which hit £825m. The group met its 2026 target of [...]
UK economy: ‘Consumers see dark days ahead’ January 24, 2025 GfK's overall consumer confidence index fell to -22, which was down five points on December and put confidence at its lowest level since the end of 2023.
Premier Miton: UK equity market still ‘out of favour’ December 4, 2024 The AIM-listed investment company reported that pretax profit fell to £3.2m in the year-to-November, down from £5.9m last year.
The Notebook: The self-employed pension crisis is on the cusp of boiling point October 22, 2024 A new report has shown the self-employed are facing a pension crisis. Interactive Investor's Craig Rickman digs into the findings.
UK growth revised down to 0.5 per cent in second quarter September 30, 2024 Liz McKeown, ONS director of economic statistics, said the updated figures included new survey data, VAT returns and updated information about the size of different industries.
UK banks giving savers better value but still ‘room for improvement’, FCA says September 18, 2024 The City regulator has said savers are an estimated £4bn better off following improvements to easy access rates in recent months, but still put pressure on banks to offer more value.