UK cash savings surpass £2 trillion for first time
Savers added £51bn to cash this year, but it could be a less attractive option now interest rates are falling
Savings
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Morningstar: Digging deeper for more meaningful investment goals
Investors rarely know their own goals – understanding them on a deeper level helps long-term planning, writes Ryan O. Murphy
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Janus Henderson’s Lloyd: You haven’t missed the market rally yet
Investors who played it safe should not be so quick to think they’ve missed the boat
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Women in the UK to lose out on £10,362 of savings by 2030
Women’s savings pots are forecast to be a third smaller than men’s by 2030
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Morningstar: Investors need to keep their eyes on the horizon amid market volatility
Investors are increasingly opting for the safety of cash over uncertain equity markets
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Hargreaves Lansdown profits and AUM rise as new CEO settles in
Net new business fell to £4.8bn from £5.5bn
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Hargreaves profits boosted by younger savers with spare cash during lockdown
Since 2012 the age of new HL clients has decreased from 45 to 37
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UK investment industry enjoys savings boon as demand slump savages the economy
Some thrifty habits may stick around post Covid as savings ratio hits a record 29%
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Only 1 in 10 finance sector firms have fully diverse policies
Productivity and staff development affected
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How to ensure clients do not outlive their savings
When pension freedom was introduced by the government three years ago soundbites flew around about individuals splurging their lifetime savings on flash sports cars or buying second homes to fund their twilight years.
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Most UK adults ignore investing
The vast majority of UK adults have no investments and favour holding cash savings, an inaugural survey by the Financial Conduct Authority (FCA) has found.
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Guide urges consumers to ask tough questions of wealth managers
Cash management specialist Savings Champion has issued a guide urging consumers to quiz their wealth managers about the service provided and the charges involved.