Banking & savings

The latest on cash accounts, ISAs and other savings products, plus retail bond launches

Alliance Trust Savings platform grows assets despite price increase

Alliance Trust Savings platform grows assets despite price increase

30 Jul 2014

Online investment platform Alliance Trust Savings (ATS) has managed to grow the assets invested on its platform despite hiking its flat fee by 87.5 per cent early this year.

Hargreaves Lansdown: Higher than expected inflation should not mean early UK interest rate rise

Hargreaves Lansdown: Higher than expected inflation should not mean early UK interest rate rise

15 Jul 2014

Despite annual UK consumer price inflation (CPI) leaping to 1.9 per cent in June, compared to 1.5 per cent the previous month, investors should not be spooked into thinking that a rise in interest rates is now nearer at hand according to Ben Brettell, senior economist at Hargreaves Lansdown.

UK interest rates unlikely to change 'for some time': Schroders

UK interest rates unlikely to change 'for some time': Schroders

18 Jun 2014

Schroders European economist Azad Zagana believes that the latest minutes released by the Bank of England Monetary Policy Committee show that, despite the hype, UK interest rates are unlikely to rise in 2014.

New £15,000 ISA allowance begins on 1 July

New £15,000 ISA allowance begins on 1 July

11 Jun 2014

Investors and savers will have a ‘new’ ISA allowance of £15,000 to invest from 1 July.

New retail charity bonds could play a useful role for investors despite the risks

New retail charity bonds could play a useful role for investors despite the risks

4 Jun 2014

Bonds issued by charities and listed on the London Stock Exchange’s Order Book for Retail Bonds (ORB) could be attractive to private investors, according to independent financial adviser Martin Bamford.

Strong brand and cash flow are positives for new Ladbrokes retail bond

Strong brand and cash flow are positives for new Ladbrokes retail bond

28 May 2014

The retail bond of gambling company Ladbrokes, which pays 5.125 per cent, is a good offer due to the strength of the brand and the strong cash flow position of the company, according to Peter Doherty, manager of the Tideway Global Navigator bond fund. 

Richard Branson invests in Bitcoin 

Richard Branson invests in Bitcoin 

21 May 2014

Richard Branson, who has for the past year accepted Bitcoin in payment for travel on his Virgin Galactic Spaceship project, has now put his own personal money into the virtual currency.

Peer-to-peer lending: an investment you might be missing

Peer-to-peer lending: an investment you might be missing

16 Apr 2014

Times are hard for savers in the current economic climate. With interest rates still incredibly low, those who have saved for their future are being punished for the sins of others.

Fidelity hits out at Hargreaves Lansdown and other platforms for persisting with 'anti-competitive' exit fees

Fidelity hits out at Hargreaves Lansdown and other platforms for persisting with 'anti-competitive' exit fees

24 Mar 2014

Fund supermarket Fidelity has criticised rivals including Hargreaves Lansdown, Alliance Trust Savings and Charles Stanley Direct for continuing to charge exit fees, a practice which it describes as acting as a ‘barrier to exit’ for customers seeking to switch between investment platforms.

Advisers warn of peer-to-peer lending risks following Budget 2014 ISA changes

Advisers warn of peer-to-peer lending risks following Budget 2014 ISA changes

24 Mar 2014

Although investors will soon be able to hold peer-to-peer lending investments within their ISAs following changes announced in last week's Budget, advisers have cautioned that such investments carry a number of risks.

Renewable energy VCTs face 'major challenges' in the wake of 2014 Budget

Renewable energy VCTs face 'major challenges' in the wake of 2014 Budget

20 Mar 2014

Changes to the rules governing venture capital trusts (VCTs) announced in this week's Budget will make it very difficult for the tax-privileged vehicles to invest in renewable energy companies, according to industry experts.

Stocks and shares ISAs and cash ISAs merged with new £15,000 annual allowance

Stocks and shares ISAs and cash ISAs merged with new £15,000 annual allowance

19 Mar 2014

In his 2014 Budget speech, chancellor George Osborne has announced that the allowances for cash ISAs and stocks and shares ISAs are to be merged, with a new £15,000 annual limit and investors free to hold as much of this as they like in either cash or investments.

Hargreaves Lansdown: 'Our exit charges will only change when others get their act together'

Hargreaves Lansdown: 'Our exit charges will only change when others get their act together'

14 Mar 2014

Fees of £25 per holding charged by Hargreaves Lansdown when customers want to exit its platform will only be lowered when fund houses ‘catch up with us' in terms of technology, said Danny Cox, head of financial planning at the fund supermarket.

FE enters platform war with launch of Trustnet Direct service

FE enters platform war with launch of Trustnet Direct service

12 Mar 2014

FE, the financial data and research company, has launched its own platform for private investors with an annual fee of 0.25 per cent on all holdings.

We're cheaper on Hargreaves Lansdown Wealth 150+ funds, claims Cavendish Online

We're cheaper on Hargreaves Lansdown Wealth 150+ funds, claims Cavendish Online

7 Mar 2014

Controversy has continued over Hargreaves Lansdown's claims to be offering 'unique' discounts on fund management fees to its customers.

Average structured product beats best cash account in 2013

Average structured product beats best cash account in 2013

5 Mar 2014

A survey of 455 structured products that matured in 2013 has found that the vast majority returned investors’ capital in full, with over four-fifths making a profit.