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Pandemic leads to rise in saving

The Coronavirus pandemic has changed the savings habits of UK individuals with 40% now putting money aside, according to a new report.

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Think-tank urges cut in ISA allowance

Think-tank The Social Market Foundation has called for the tax-free ISA allowance to be cut with the money saved used to reward saving by young people on low incomes.

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1 in 4 clients have cut back on saving plans - PFS

More than 1 in 4 financial advisers (27%) taking part in a PFS straw poll said clients had reduced the amount they were saving and spending due to concerns about the impact of the Coronavirus pandemic.

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NS&I to slash interest rates from November

 

NS&I is to make sweeping cuts to most of its savings products from 24 November.

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