The Treasury has increased NS&I’s net financing target for 2020-21 by £29bn from £6b to £35bn to help refill government coffers after the impact of the Coronavirus pandemic.

Two thirds of people in the UK and US plan to review their savings and investments in the next six months, according to new research.

One in five (21%) over 50s in the UK have no savings or investments (excluding pensions), rising to 28% for those between 50 and 59, according to new research.

Market volatility has seen 450,000 fewer people use investment ISAs but a 21% jump in the use of Cash ISAs, according to the latest figures from HMRC.