Pensions, savings and investments

Savers should be offered tax incentives as way of combating the poor returns currently being delivered by savings accounts, a leading banker has argued.

Savers have been confronted with more bad news on the release of figures from the Bank of England showing that savings accounts are paying out the lowest interest rates since 1995.

A new survey has revealed that 90 per cent of defined benefit pension schemes run by small firms have been closed to new entrants.

The contraction of the employment market has meant that prospective employees do not see an attractive pensions package as essential to their decision to accept or reject a job offer.

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