Category: Basic Income

National Savings and Investments (NS&I) has cut the interest rates on British Savings Bonds after just five weeks.

The Treasury-backed savings provider has announced that new issues of the bonds will be on sale from Wednesday, but with lower interest rates, meaning lower returns for investors.

For instance, two-year Guaranteed Growth Bonds will pay 4.25pc, down from 4.6pc. All bonds will see a reduction in rates.NS&I said the change, which will see rates fall by up to 0.35 percentage points, will help to balance the interests of savers, taxpayers and the financial sector.The Bank of England is widely expected to cut […]

Full Post at www.telegraph.co.uk

Nationwide survey research reveals snapshot of sentiments around retirement, economic anxieties, and need for protected income.

SEP 11, 2024

Despite ongoing economic challenges, nearly two-thirds of American workers feel financially prepared for retirement, according to the fourth annual Protected Retirement survey from the Nationwide Retirement Institute.The study draws on polling conducted by Edelman Data and Intelligence, which took responses from thousands of private and public plan sponsors, participants, and financial advisors in July.The survey found that 65 percent of employees believe they are on track for retirement, with younger workers (ages 22-34) expressing even more confidence at 71 percent—a 15-point increase […]

Full Post at www.investmentnews.com

The Treasury-backed provider said the interest rates on the new issues of its two, three and five-year bonds reflect ‘the changing savings market’ Savings giant NS&I has launched new versions of its British Savings Bonds (

Image: PA Archive/PA Images) News

Politics Football Celebs TV Shopping Royals NS&I, the savings giant, has rolled out new versions of its British Savings Bonds, with reduced interest rates.The Treasury-supported provider announced that the revised interest rates on its two, three, and five-year British Savings Bonds are a response to "the changing savings market". Following a recent […]

Full Post at www.mirror.co.uk

The new three-year versions will pay 4.00% AER

From Wednesday, the new issue of the two-year Guaranteed Growth Bonds and Guaranteed Income Bonds will pay 4.25% AER Your support helps us to tell the story

Support Now As your White House correspondent, I ask the tough questions and seek the answers that matter.Your support enables me to be in the room, pressing for transparency and accountability. Without your contributions, we wouldn’t have the resources to challenge those in power. Your donation makes it possible for us to keep doing this important work, keeping you informed every step […]

Full Post at www.independent.co.uk

When were you born?

Age is one factor for calculating retirement income. The older you are, the higher the income quotes you’ll get. If you are aged below 55 accessing your pension pot is not normally a good idea and our tables won’t provide quotes. We suggest you speak to a regulated financial adviser before proceeding if you are aged below 55.

Day 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Month January February March […]

Full Post at comparison.moneyhelper.org.uk

By:

Despite headlines to the contrary, American workers are showing remarkable confidence in their ability to meet their long-term financial and retirement goals.

According to the fourth annual Protected Retirement survey from the Nationwide Retirement Institute, more than 6 in 10 (65%) workers say they are on the right track when it comes to financial preparedness for retirement. This figure rises to 71% for those aged 22-34 years old, which is a 15-point increase from 2023.After months of strong stock market gains, the survey found that this improvement is due largely to the active engagement of employees in managing their […]

Full Post at www.napa-net.org