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Britons stash over £1bn at home as interest rates on savings dwindle

The most popular reasons the 2,000 people surveyed gave for keeping cash at home include being able to s ee it, using it for everyday spending, and convenience.  Many are unhappy with the interest they were making on other savings and a whopping 17 per cent said their savings were generating no interest at all.

Piggy banks are a great starting point for children learning the basics of saving money, but there is a clear opportunity for adults to gather their stockpiles together and make their money work harder for them.  Whether it is under the mattress, in a bottle, or in a sock drawer, that money could be contributing towards your savings goals.

With interest rates so poor people just do not know where to turn to invest their hard earned cash and give them some sort of genuine return.  This is where I can help!  If you wish to see your money begin to give you an income of 5% per annum, I have a robust genuine safe investment available from a highly reputable multinational insurance organisation that will give you that.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Gibraltar Annex to Withdrawal Agreement

Gibraltar flagAnyone with Gibraltar wealth management concerns will almost certainly be dipping into the very depths of their patience presently as they await resolution of their status during the protracted and uncertain times of Brexit negotiation.

The British Overseas Territory on the south coast of Spain, affectionately referred to as “the Rock”, has long been both an idyllic international outpost and a source of contention between the UK and Spain. This fact has been somewhat compounded by Brexit, with Spain using talks as an opportunity to lay down new demands over the headland’s status.

While Spain has agreed that it will not seek to push for full sovereignty over the territory during negotiations, the latest development concerns Spain’s desire to have the EU make specific provision for the future status of Gibraltar as part of the Withdrawal Agreement.

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Seasonal workers could be exempt from auto-enrolment pensions

Making sure you have enough money for retirement is a crucial part of your financial planning process. But some workers may struggle to save more than others.

The government is looking to make reforms to automatic-enrolment (AE), possibly putting employees who work seasonally or part-time at a disadvantage when it comes to saving up for their pension.

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