Category: Savers
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British pension savers set to benefit from Trump’s pro-business policies
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British pension savers are set to benefit from Donald Trump’s election victory, as the former US president’s pro-business stance boosts stock markets, especially in the US. Andrew Evans, CEO of Smart Pension Group, a leading UK pensions company, highlighted the positive impact of US emerging markets on UK pensions through…
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Savers stockpile Sh1.9 trillion in fixed deposit accounts on high rates
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Savers piled a record Sh1.97 trillion into fixed deposit accounts in the year to June 2024, driven by prevailing high interest rates, new data has shown. Cash held in fixed accounts at commercial banks rose by a record Sh224 billion between June last year and June 2024 to Sh1.97 trillion…
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Savers stockpile Sh1.9 trillion in fixed deposit accounts on high rates
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Savers piled a record Sh1.97 trillion into fixed deposit accounts in the year to June 2024, driven by prevailing high interest rates, new data has shown. Cash held in fixed accounts at commercial banks rose by a record Sh224 billion between June last year and June 2024 to Sh1.97 trillion…
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Slice pensions affair takes toll on savers
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NIS 4.3 billion – it is difficult to think about, especially when it comes to the pensions and savings of 105,000 people accumulated over many years. Their access to funds has now been completely blocked, and for thousands of them it is not at all clear whether they will ever…
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Inflation ‘Turns UK into Nation of Savers,’ Reports Resolution Foundation
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Inflation has dramatically reshaped the UK economy, steering households towards the highest savings rate in three decades and cutting spending by £50bn, according to the Decision Foundation. In a recent report, the Center for Economic Research highlighted that household consumption contracted more than the decline in real income during the…
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Inflation ‘Turns UK into Nation of Savers,’ Reports Resolution Foundation
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Inflation has dramatically reshaped the UK economy, steering households towards the highest savings rate in three decades and cutting spending by £50bn, according to the Decision Foundation. In a recent report, the Center for Economic Research highlighted that household consumption contracted more than the decline in real income during the…