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&#39Low interest losing savers £1,000 a year&#39

IFA Chase de Vere says the averageUK household is losing out on nearly

£1,000 each year by investing in low-interest accounts.

It says top savings accounts pay over7 per cent a year while the average

account offers only 2.9 per cent.

The company reveals the loss of interest in its new Savers Guide which

points out potential pitfalls to investors andgives tax-saving tips.

The guide suggests competitive products to earn more interest and explains

some of the technical jargon that investors might not understand.

It covers areas including building society and bank accounts, mini cash

Isas, advice on what to do with Tessas when they mature, National Savings

and guaranteed income bonds.

Moneyline manager Janine Starks says: “Savers in the UK are

allowingbillions of pounds to slip betweentheir fingers by failing to keep

up withthe differentials in rates being paid. It is clear that millions of

people are failingto make their savings work as hard for them as they



The captain&#39s Ilog

The IFA Life Offices Group (Ilog) of the ABI was formed in 1995 and hasproved itself a success in promoting the cause of IFAs.The Pass review has been frequently acknowledged as one of the successfulIlogventures. It has not only helped in the survival of many good IFA firmsbut has also helped improve the image of […]

FSA joins Aifa forum to restore stability on PI

The FSA is to join an Aifa forum on the professional indemnity market in abid to dispel fears of a retrospective review.The forum, which will meet three times a year, is part of a step-by-stepplan that Aifa has drawn up to help restore “order and stability” to the PImarket for IFAs and drive down the […]

It won&#39t do for the watchdog to bark for the FSA on mortgages

The Financial Ombudsman Service wants to bring mortgage advice under itsremit, if it can afford to.This throws the FSA decision to exclude advice into sharp relief andintroduces all manner of unwelcome anomalies.At best, it shows the current approach to mortgages is no better than abodge job, only serving to confuse the industry and public alike.But […]

More to leave at HSAM?

Hill Samuel Asset Management is bracing itself for another wave ofdepartures this week as its European team prepares to leave.The name of the Edinburgh-based Scottish Widows/Hill Samuel operation isto be announced this week.Star fund manager of the UK smaller companies fund, Ashton Bradbury, isalso tipped to be leaving over the summer.HSAM&#39s US team, led by […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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