Pensions, savings and investments

The effect of the recession on pensions, savings, investments and property values has pushed up the number of people who are contemplating longer working lives, a new study has revealed.

A mere 5 per cent of easy access savings accounts are offering returns above the official rate of interest.

It has been estimated that the majority of savings accounts are failing to provide savers with a genuine return on their money.

Alistair Darling, the Chancellor, will deliver his pre-Budget Report for 2009 on Wednesday 9 December.

HM Revenue and Customs (HMRC) has launched a campaign aimed at pensioners who may have paid too much tax on the interest earned from savings accounts.

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