Tagged: savings

April 13, 2025 @ 9:08 pm By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, and Dalriada, one of the UK’s independent pension trustee firms, have launched a small-scheme consolidator solution that will aim to “improve value for members of Additional Voluntary Contribution (AVC) schemes.” The solution aims to address issues… Read More

April 1, 2025 @ 8:40 pm By Omar Faridi  |  

Consumer Fintech Chime has recently announced two transformative updates aimed at enhancing user experience and expanding its reach. On March 31, 2025, Chime introduced Chime+, a premium membership tier with various new features in a redesigned app, alongside the launch of Chime Workplace, a financial… Read More

March 25, 2025 @ 8:07 am By Omar Faridi  |  

Change is constant in the world of pensions, and keeping up with the thoughts, needs and wishes of pension savers themselves is “essential in serving their needs best.” This, according to an update from UK’s Smart Pension. ‍Smart Pension has recently released a report with… Read More

March 24, 2025 @ 8:10 am By Omar Faridi  |  

The European Commission has adopted its strategy for the Savings and Investments Union (SIU), a key initiative to improve the way the EU financial system channels savings to productive investments. It seeks to offer EU citizens broader access to capital markets and “better financing options… Read More

March 20, 2025 @ 7:53 am By Omar Faridi  |  

Under 35s are embracing a ‘spend now, save later’ mindset when it comes to planning ahead in their finances – with a quarter (25%) having £500 or less saved. This, according to research findings from UK’s NatWest. While 18–35-year-old Brits have an “average of £9,579… Read More

March 14, 2025 @ 11:20 am By JD Alois  |  

Raisin, a savings and investment Fintech, has launched in Finland. Raisin allows users, including individuals and client banks, to search for the highest rate of returns for savings accounts. In some regions, Raisin offers other investment opportunities. Raisin reports over €70 billion in deposits facilitated… Read More

March 12, 2025 @ 8:14 am By Omar Faridi  |  

Research from Lloyds has found nearly a quarter (24%) of UK adults think all their savings are tax free, regardless of the type of account and amount saved. Every tax year, people can save and invest up to “£20,000 tax-free, as long as the money… Read More

March 5, 2025 @ 9:57 pm By Omar Faridi  |  

Bondsmith, the UK’s cash savings fintech, is pleased to announce the launch of the country’s FSCS-insured bank deposit sweep, bringing cash management solution to British savers. Claiming to be motivated or “inspired” by the FDIC sweep programs in the United States, Bondsmith’s new offering “enhances… Read More

March 4, 2025 @ 7:59 am By Omar Faridi  |  

UK Finance has released its latest Household Finance Review for Q4 2024, which explores trends in household spending, saving, and borrowing. UK Finance noted in the update that the mortgage market strengthened in Q4 2024, with both first-time buyers and home mover numbers “up by… Read More

February 25, 2025 @ 10:08 am By Omar Faridi  |  

In line with its obligations under the updated Shareholder Rights Directive (SRDII), Nordnet Bank AB, a pan-Nordic digital platform for savings and investments, has commenced live operations with an international shareholder disclosure solution from global Fintech Broadridge Financial Solutions, Inc. (NYSE:BR). Quincy Curry, Director of… Read More

February 12, 2025 @ 8:38 am By Omar Faridi  |  

Mambu has recently announced the “success” of its partnership with Money DD, which is a subsidiary of the Government Savings Bank (GSB) of Thailand. The partnership has supported the launch of the “Good Money” application, offering opportunities for “underserved” Thai citizens. The app has been… Read More

February 11, 2025 @ 9:16 pm By Omar Faridi  |  

finova, a UK-based cloud-based mortgage and savings software provider, has announced the launch of its new mobile-first onboarding app for savers. The app expands finova’s suite of products available for lenders and savings providers. The native app aims to simplify the savings onboarding journey, addressing… Read More

February 5, 2025 @ 11:45 pm By Omar Faridi  |  

Data from Experian finds that over 10 million people who hold a credit card with interest may be able to save “£1,391.69 in interest payments” annually by switching their existing balances to a balance transfer card (BT card) with a better deal. Experian’s data reveals… Read More

January 26, 2025 @ 3:22 pm By Omar Faridi  |  

Investment platform Lightyear has made an entry into the UK Individual Savings Account (ISA) market by launching two products: a 4.75% Cash ISA and a Stocks & Shares (S&S) ISA. Designed to help UK consumers grow their wealth, these ISAs aim to prioritize flexibility, transparency,… Read More

January 25, 2025 @ 5:27 pm By Omar Faridi  |  

Digital bank Revolut, which provides the global fintech platform and super-app claiming over 10 million users in the UK and 50 million worldwide, has significantly enhanced the interest rates for its UK Instant Access Savings account. With rates now as high as 5% AER (variable),… Read More

January 17, 2025 @ 1:39 pm By Omar Faridi  |  

Over one-third of UK adults say they have £25,000 or more in cash savings, according to research from Starling Bank, and it seems that “putting money aside for life goals is the key to building up a savings pile.” Starling Bank noted that 36% of… Read More

January 11, 2025 @ 6:33 pm By Omar Faridi  |  

Six years after its market launch, Trade Republic has reportedly doubled its customer base to 8 million. Collectively, these customers manage assets worth 100 billion euro, making Trade Republic the “largest broker” in Europe and strengthening its position as the savings platform. The introduction of… Read More

January 9, 2025 @ 8:26 am By Omar Faridi  |  

Confidence in retirement prospects among Brits surged in 2024, according to PensionBee’s Pension Confidence Index highlighting a “substantial” shift in public sentiment. The Pension Confidence Indicator jumped from -10 in December 2023 to +29 in December 2024 reflecting “growing optimism overall about financial futures.” But the data… Read More

December 29, 2024 @ 9:34 pm By Omar Faridi  |  

The Bank of Ireland Savings and Investment Index continues to recover, with Q4 2024 results back to pre-pandemic levels, driven by more consumers feeling it is a good time to save, and an improvement in attitudes to investing. The Index also showed some significant changes… Read More

December 23, 2024 @ 11:11 am By Omar Faridi  |  

Wealthfront‘s new S&P 500 Direct portfolio combines the performance of the S&P 500 with the benefit of tax savings and is available for just 0.09% – the same price as the “most popular” ETF that tracks the S&P 500. Wealthfront, a tech-driven financial platform, announced… Read More