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Telegraph.co.ukWhen did King James unite England and Scotland?Telegraph.co.ukFounded in 1861, it began with the aim of helping people avoid the stigma of a pauper's grave. It became a mutual life insurance company in 1908 before growing into the UK's largest mutual life and pensions company. Its founding principles are self ...
The Times (subscription)MPs call for Sir Philip Green to be stripped of knighthood over BHS scandalThe IndependentTwenty BHS stores closed over the weekend and there is too little money left in the company to cover the pensions of its 20,000 current and former employees. That hole will have to be filled by ... The arrangement “reduced profits earned in the UK on ...Sir Philip Green branded 'the unacceptable face of capitalism' by MPs after BHS disasterDaily MailGreen lashed by MPs for using BHS to boost personal fortune ...The Times (subscription)BHS verdict to shine a light on demise of high street stalwartFinancial TimesMoneywise Magazineall 99 news articles »
The Times (subscription)ALEX BRUMMER: Sir Philip Green - the master of deceit who should lose his knighthood and face full weight of the lawDaily MailAs Green and his wife Lady Tina luxuriate this summer on their new £100million yacht, the Lionheart, they leave in their wake a trail of woe which has destroyed the lives of 11,000 workers at BHS and left 21,000 members of the collapsed company's ...Green lashed by MPs for using BHS to boost personal fortuneThe Times (subscription)BHS verdict to shine a light on demise of high street stalwartFinancial TimesBeware the dangers of pension freedomMoneywise Magazineall 58 news articles »
The Road to Philly: DNC delegates turn to crowdfundingCNETDallas Roberts, 22, is a delegate from Washington state raising money on GoFundMe to help pay for his trip to the DNC in Philadelphia. ... Campaigns incorporated email campaigns and credit card donations as those technologies became mainstream.and more »
Express.co.ukBeware the cyber criminals: How to keep yourself safe from scammersExpress.co.ukHowever, money does not grow on trees and many pensioners have lost their entire retirement savings. Hong Kong is another fraud hub with crooks calling Britons to offer “free pension reviews” that recommend transferring their savings with the promise ...and more »
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To Save or To Clear the Debts?

You may have noticed that your savings aren’t doing a lot to pay their way these days. Pensioners are badly hit as many of them use the interest from their life savings to pad out the weekly amount they get from the state. Many mortgage payers are happy as their payments have come down, but just about everyone else with savings is in the situation where the real value of their money is falling because interest payments aren’t as high as inflation.

 The average rate for UK instant access accounts including current accounts was around 0.17% at the end of February and we’ve had another cut in the Bank base rate of half a percent since then. Despite that, with credit hard for many people to come by; credit limits being cut by the card companies and worries about job losses, if you can, it’s best to have some savings on hand for an emergency. And the latest figures show that people are saving more. There’s nearly £1,000 billion of savings in our banks and building societies and another £90 billion in National Savings.  

In terms of interest you may as well keep your money under the bed – but then that’s probably the first place a cash strapped burglar is going to look. Fixed rate bonds pay slightly higher rates than instant access accounts. National Savings and Investments products are increasingly popular because people want to know their money is safe whatever the interest rates and they have a 100% government deposit guarantee. It’s never been more important to shop around and don’t be slow to move your money to higher interest rate paying accounts. Keep a close check on any accounts you do have to see what interest you are being paid. The financial pages of the newspapers are good for advice on which accounts are paying the best rates but these change frequently. 

Once you’ve got your emergency fund in place if there’s any money left over think about clearing expensive debts. There’s no point in having a lot of money sitting in an account getting 2.5% interest if you’re paying off loans or credit card accounts at interest rates in the high teens and 20’s. Homeowners are paying off their mortgages too. Some who’ve seen their monthly payments fall are continuing to pay at the old rate so that they clear their mortgages more quickly.

If you have a lot of savings think about getting some financial advice. Your money may not be doing as well for you as it could and a good Independent Financial Adviser can be worth his or her weight in gold. Visit more than one and choose the advice you feel happiest with. Family, friends and colleagues may be able to recommend advisers they’ve used and found helpful.

If you’re lucky enough to have money to put aside it’s time to take stock and nurture it so that it can nurture you back in the future.

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