Pensions, savings and investments

Competition among banks and building societies in their efforts to attract new customers has pushed up the general level of interest rates on savings accounts.

People who have money in offshore accounts but have not disclosed the tax that may be owing are being given a second and final chance to settle their bills at a reduced penalty rate.

Savers will get better protection in the event of their bank or building society collapsing.

Some people who have not registered to receive gross interest could be paying too much tax on their savings income.

A case contesting the right of employers to force workers to retire at 65 has reached the High Court.

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