Self Invested Personal Pensions (SIPPs) are being managed improperly by two thirds of investors according to Investec. New research by the asset manager reveals that just 37 percent of investors have adequate time in order to sufficiently manage their personal pension. The lack of time spent by people on managing their SIPP has resulted in [...]

The opening of Junior ISA accounts has failed to meet expectations, as just 72,000 Junior ISA accounts have been opened in the first five months of the scheme’s availability. The current uptake equates to nearly 6 percent of the 1.2m Junior ISA’s that are expected to be opened up by parents. Uptake of the savings [...]

Nearly fifty percent of Londoners will pay into a cash ISA This tax year, according to research produced by Santander Savings. The bank revealed that 17 million UK adults, or 35 percent of the total UK population will be taking advantage of cash ISA’s this year. Those in the 18-34 age-group are to be the [...]

The Legal and General Junior ISA  has launched and provides investors with three different options when investing for their children. The company is to offer the following options: Responds to the markets (Legal & General Multi Manager Balanced Trust) Follows the UK market (Legal & General UK Index Trust) Pick your own (access to one [...]

Cash ISA savers are set to put away a grand total of £59 billion over the course of this financial year according to new research from Post Office Savings. The agency also noted that one in eight are also set to use their full cash ISA of £5,640. The survey also revealed that one in [...]

Savers have been urged to switch Cash ISAs  to a better deal as soon as their cash bonus ends. According to consumer group Which?, those who fail to switch could lose as much as £85 in the next year. The group based the calculation on the maximum cash ISA allownace of £5,340 per year, and [...]

Online only cash ISAs are typically paying up to 7.3 percent more than in-branch cash ISA’s. Research  from Governor Money across 373 products fond that the average in-branch ISA rate was 2.46%, while the average online only ISA rate was 7.3 percent higher at 2.64%. The group claims that savers are on average missing out [...]

The benefits of equity income are being missed by savers in this enduring period of record low interest rates of just 0.5 percent. According to Fidelity, around 60 percent of people still consider themselves as ‘savers’, but just a third of those are managing to save more than £1,000 a year. Therefore the case for [...]

Metro Bank has warned consumers of dishonest ISA teaser rates offered by a number of banks in the ‘ISA season’. As the financial year end draws ever closer, Metro has fired a warning about the marketing which surrounds some ISA offerings. According to the BBC, Metro is particularly concerned about the increasing of the headline [...]

The people of Britain are ‘wasting’ up to £182bn by not making full use of their annual cash ISA allowance according to new research from uSwitch. Their study concludes that just fifty percent of the British population will invest into a cash ISA this year, with the majority investing far less than the limit. Michael [...]