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PBR: Savings gateway to add 50% to lower income savings

Chancellor Alistair Darling has announced he will introduce a savings gateway for lower income earners in an effort to increase the rate of saving.

Darling said that for every £1 that lower income earners save, the Government will contribute an additional 50p.

He said this will be widely available and can be accessed through banks, building societies, credit unions and the post office.


Tory attacks firms for failing on LTC

Tory Shadow health minister Stephen O’Brien has hit out at the insurance industry for failing to provide “sustainable and attractive” long-term care products.

Stop the spying

Money Marketing reported on November 6 that the FSA had lost an appeal to the Information Tribunal regarding a disclosure order by the Information Commissioner. This order required the FSA to disclose the names of seven firms it had criticised concerning the quality of their advice about equity-release schemes and follow-on investments.


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