Savings & Banking News

The government has announced that for the first year after its introduction, Lifetime ISA holders will not be liable to pay the controversial exit fees if they choose to withdraw their funds early....

The former pensions minister and current policy director at Royal London has called upon the government to change the rules regarding defined benefit pension transfers. A defined benefit (DB) pension...

The Financial Conduct Authority is to require all providers of the new Lifetime ISA to warn savers of the hefty penalty charges they would face for exiting the agreement. Lifetime ISAs, due to be...

The Department for Work and Pensions announced this week that it will be introducing a cap on the exit fees that a pension provider can charge a customer who withdraw their money early. Following the...

A huge number of Tesco Bank’s customers’ accounts were compromised over the weekend, with money reported to have been fraudulently withdrawn from several thousand. The attack, which is one of the...

National Savings and Investments (NS&I) have reported that the value of unclaimed premium bonds prizes has reached a total of £53.9 million and have urged bond holders get in touch and check their...

The head of the British Bankers’ Association has warned that several banks will be looking to relocate away from London early next year due to concerns about the outcome of Brexit negotiations. The...

Chancellor Philip Hammond has announced that the government has abandoned his predecessor George Osborne’s plans for a retail sale of the taxpayer’s remaining stake in Lloyds, instead offering a new...

Former Pensions Minister Steve Webb and a group of pension providers have both separately appealed to the government and the FCA to update the way pensions are presented in an attempt to modernise the...

After doubts were raised about the viability of the intended April launch of the new Lifetime ISA earlier in August, the government has confirmed that the timeframe has not changes, despite some...