Savers urged to look elsewhere as NS&I slashes £1m limit

 

This week, NS&I announced a drastic cut in the maximum amount savers can put into its popular one and three-year guaranteed growth and guaranteed income bond accounts.

Investors flee US and UK equity funds

 

Investors continued to withdraw hundreds of millions of pounds from UK equity funds in February, while there has been a sharp decline in sentiment towards the US market. Data from the Investment Association (IA) covering the month of February, revealed investors pulled £510m from UK funds during the month.

Record numbers of savers pull out of fixed-rate bonds but provider traps can wreck returns

 

Savers pulling money out of fixed-rate bonds must beware traps that can wreck returns. In April alone, £1.88 billion flowed out of fixed-rate accounts, the largest amount for more than a year, latest figures show.

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