Beware of Early Pension Release

Category: pensions & savings & Uncategorized

Pension release is when you agree to transfer your pension savings to an arrangement that will allow you to access your funds before you reach the age of 55. In rare cases, such as terminal illness, it’s possible to access pension funds before the age of 55.

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Which? survey reveals worrying trend

Category: isas & savings & Uncategorized

In a recent Which? investigation, some of the UK’s biggest banks were identified as failing to give the right advice when it comes to transferring and managing their Cash ISAs.

In the investigation, Which? placed 180 calls to 15 leading banks and building societies to assess the quality of advice given to people who want to transfer their Cash ISA savings.

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Junior ISA’s launched on the 1st November

Category: isas & savings & Uncategorized

The new savings initiative for children has been introduced following the closure of the Child Trust Fund schemes in January this year.

Junior ISAs will be available to all children living in the UK who do not have a Child Trust Fund account. There will be a total annual limit of ÂŁ3,600 for all payments into these accounts, which can be a cash account, stocks and shares account, or combination of the two.

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