Tagged: savings

July 22, 2025 @ 9:15 pm By Omar Faridi  |  

Lloyds Banking Group has reinforced its commitment to driving economic growth and supporting diverse customer segments across the UK. Through its latest UK Sector Tracker, a £4 billion lending boost for first-time buyers, and the launch of a new student account, Lloyds is addressing key… Read More

July 16, 2025 @ 9:49 am By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, has appointed Raj Mody as a Trustee Director of the Smart Pension Master Trust Board, taking on the role of Chairman from 1 September 2025. Raj brings  a wealth of experience in “the pensions industry, spanning… Read More

July 14, 2025 @ 8:35 am By Omar Faridi  |  

The Bank of Ireland released significant updates that underscore its role in supporting Ireland’s economic resilience and educational advancement. The first report highlights the strength of consumer spending in Ireland during June, driven by favorable economic conditions and evolving consumer behavior. The second announcement details… Read More

July 10, 2025 @ 9:56 am By Omar Faridi  |  

The US retirement landscape is facing a critical challenge, according to new data from PensionBee’s Q2 Happy Retirement Report, revealing stark deficiencies in savings that threaten financial security for millions. Conducted between May 9 and May 13, 2025, by Attest with 1,000 respondents aged 18… Read More

June 26, 2025 @ 10:14 pm By Omar Faridi  |  

UK pensioners may see modest income growth by the end of the decade, but PensionBee, a key player focused on the consumer retirement market, is warning that this “shouldn’t distract from the bigger retirement savings challenge facing millions.” Indeed, it is becoming increasingly difficult to… Read More

June 26, 2025 @ 1:47 am By Omar Faridi  |  

Bank of Ireland’s Savings and Investment Index fell back in Q2 2025, with a drop in both the proportion of people who say they are saving and in those who believe they are saving enough. The Savings and Investment Index dropped “to 87 in Q2… Read More

June 12, 2025 @ 9:20 am By Omar Faridi  |  

Understanding the dynamics of pension investments and the tools available to manage them is crucial for securing a financially stable retirement. Recent insights from PensionBee, an online pension provider, highlight key market trends, practical savings strategies, and significant shareholder engagements that can shape your pension’s… Read More

June 4, 2025 @ 8:32 am By JD Alois  |  

Perhaps it is a natural progression. Raisin, a European Fintech that offers comparisons and access to the best savings rates regardless of geography, will now offer its own savings product.  According to a company note, Raisin is now offering “Welcome Account” in Spain, describing it… Read More

May 29, 2025 @ 7:47 am By Omar Faridi  |  

A quarter of adults in the UK are ‘silent savers’, preferring to keep financial matters private and rarely discussing savings or investments with others, according to research by KPMG UK and the charity National Numeracy. The study of 2,000 UK adults which also found that… Read More

May 28, 2025 @ 8:43 am By Omar Faridi  |  

UK’s digital bank Zopa and the ClearScore-led coalition has completed initiatives addressing the cost-of-living crisis. The 2025 Fintech Pledge has completed its campaign goal of “driving 25 million actions that help UK consumers improve their financial resilience.” The achievement is “more than double the campaign’s… Read More

May 26, 2025 @ 12:19 pm By Omar Faridi  |  

Snoop has reportedly added a new variable recurring payments feature. Fintech app Snoop has introduced Variable Recurring Payments (VRPs), allowing users to automate savings with ease while also staying on track with financial goals – all enabled by Open Banking tech. As explained in the… Read More

May 21, 2025 @ 4:55 pm By Omar Faridi  |  

Wealthfront, a tech-driven financial platform, continues to solidify its position as a partner for young professionals seeking to transform their savings into long-term wealth. Recent updates, including a refined investment strategy / philosophy and the appointment of legal executive Michelle Wilson to its Board of… Read More

May 19, 2025 @ 10:25 pm By Omar Faridi  |  

In a move aimed at expanding investment opportunities for retirement plan participants, Empower is announcing a program that will pave the way for private market investments to be included within defined contribution retirement plans. Empower has reportedly aligned “with private investments fund managers and custodians,… Read More

May 3, 2025 @ 9:41 am By Omar Faridi  |  

In an era where fintech companies promise innovative ways to save and grow wealth, the story of Yotta, a fintech platform that lured savers with the chance to win cash prizes, has raised serious questions about the reliability of FDIC insurance in the digital banking… Read More

April 24, 2025 @ 4:07 am By Omar Faridi  |  

Macquarie Asset Management, on behalf of Phoenix Group, one of the UK’s long-term savings and retirement business, has provided £235 million of long-term financing to Westminster City Council (WCC) to acquire more than “350 temporary accommodation properties within the borough of Westminster.” Purchased from the… Read More

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