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Midshires questions lack of help for savers in Budget

Birmingham Midshires chief executive Ian Kerr has hit at out at the Budget for failing to help savers.

He says: &#34Savers are the big losers in the Budget, which puts more money in their pockets, but gives them no incentive to save for a rainy day.

The society is would have liked to have seen the new 10 per cent income tax rate extended to savings products.

Kerr adds: &#34Savers who outnumber investors by seven to one, have felt the brunt of recent interest rate cuts, with returns falling by almost a third since the start of November.&#34


Guardian slashes unit trust initial charges

Guardian Unit Managers has slashed the initial charges on ten of its unit trusts by 2.5 per cent to prepare for the launch of its Isa.The Guardhill, Balanced, European, Extra Income, Gilt & Fixed Income, Growth Equity, Income, International, Japan, North American and Pacific unit trusts, all of which had an initial charge of 6 […]


&#39Double jeopardy&#39 warning on Esops

IFAs are warning that the Chancellor’ proposed new all-employee share ownership scheme could jeopardise investors and compete head-to-head with AVCs. Industry experts fear that people who take up the schemes to enhance their pension provision could face the risk of double ruin if their companies run into trouble. The scheme is set to allow employees […]


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