View more on these topics

UK savers walking away from £11.4bn a year says NS&I

People who have moved home in the last 12 months have potentially lost touch with an average of £16,000 in savings or investments according to National Savings & Investments.

The Treasury-backed provider says one in seven people who changed addresses in the last year didn&#39t tell their financial provider their new address and have lost access to their savings as a result.

The problem is resulting in £11.4bn being neglected each year by UK consumers walking away from their savings.

NS&I commercial director Gill Cattanach says: “It is remarkable that people continue to forget to give their financial provider their new address when they move home and it is of great concern that, potentially, they could be losing touch with so much money.”


Shareholders facing big losses as firm collapses

The collapse of the Lamensdorf Group could lead to the loss of millions of pounds by shareholders and employees.Some individual investors are believed to have had more than £1m invested in the firm while many others are each believed to have holdings running into tens of thousands of pounds.Prior to Lamensdorf&#39s closure, some individual shareholders […]

HL makes call for AMP policyholders to take action now

Hargreaves Lansdown is warning AMP policyholders to act now if they want to hold on to any hope of future bonuses amid rumours of potential bidders for parts of the company.AMP plans to demerge its Australian and UK operations and will move its UK with-profits funds out of equities and into fixed interest. It has […]

New Star International – Strategic Bond Fund

Type: Offshore Oeic Aim: Income and growth by investing in US-denominated Government bonds Minimum investment: Lump sum $5,000, Œ5,000, £3,500 Yield: 5% a year Investment split: 35% US, 31% Latin America, 22% Europe, 6% Asia, 6% other Place of registration: Dublin Charges: Initial 5.25%, annual 1.25% Commission: Initial 3%, renewal 0.3% Tel: 00 353 1475 […]

&#39Home boom has raised IHT threat&#39

HSBC is warning that rising property prices may push homeowners over the inheritance tax threshold and risk leaving their estate with hefty bills.The bank says a property worth £380,000 could result in an IHT bill of £50,000.But it warns that any owner of a property that puts the value of their estate over the £255,000 […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm