NS&I, the government-backed savings body, has pulled its market-leading 6.2% guaranteed bonds after a rush of savers.

One in five pension scheme members may reduce or halt their contributions to cope with the cost of living crisis, according to a new survey by a leading pension trade body.

The pandemic has spurred more than half of adults (53%) to seek financial advice to help with increasing money concerns. 

The Personal Finance Society has welcomed the extension of business support measures in Chancellor Rishi Sunak’s Budget today but says more needs to be done to rebuild the resilience of individual savers who have been hammered by the pandemic.