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Which? executive director Richard Lloyd, said: “For too long, banks and building societies have left customers languishing in poor value savings accounts so today’s move from the FCA is a significant win for savers and the 69,000 people who supported our Scrap the Savings Trap campaign. “With many savers never switching because they don’t think it will […]
In this week’s Budget, the Chancellor announced new Isa savings limits, greater flexibility over withdrawing funds and ‘Help to Buy’ accounts. Yet as the Isa deadline approaches, we found bank and building society staff’s knowledge of cash Isas is shockingly poor and could be leaving customers out of pocket. Our undercover investigation found that even before […]
The Government is right to fix the broken annuities market, and our new research shows how vital impartial guidance and advice will be to making the reforms work for consumers. Less than half of consumers (42%) coming up to retirement trust their pension provider to act in their best interest. Our new findings show that […]