Everyday money

October 2018: what are the best savings account rates?

Average rates are rising across the board for first time in seven years

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Savers missing out on £20 billion of lost pensions: how to find yours

A staggering £20 billion of pensions pots is being left unclaimed. We run through how savers can track down lost workplace or personal pensions.

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FCA calls for financial ombudsman compensation limit to double

Under the current limits, argues the FCA, a number of ‘high-value’ complainants are not being awarded appropriate levels of compensation.

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Budget 2018: will pension tax relief be cut for higher earners?

With Budget 2018 a couple of weeks away, rumours are swirling that chancellor Philip Hammond will cut higher-rate pension tax relief to help fund the NHS.

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Potential conflict of interest remains as rules tightened on final salary transfers

The Financial Conduct Authority has finalised new rules on final salary pension transfers.

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Call for pension freedoms to be extended for 5 million retirees

Plans to allow pre-2015 annuity holders to sell their retirement income for a cash lump sum were scrapped two years ago.

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Pensions dashboard run by industry gets green light from government

Work and pensions secretary approves the introduction of the pensions dashboard, provided the financial services industry runs it

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Parents urged to track down lost Child Trust Funds

First children to receive CTF accounts are set to turn 16 – but millions are missing out.

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‘Huge discrepancy’ in HMRC tax repayment rate

The repayment rate paid by HMRC to those who have overpaid tax is still only 0.5 per cent, the rate it has been since 2009.

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