Interactive Investor
| Use attributes for filter ! | |
| Ceo | Richard Wilson |
|---|---|
| Headquarters | Manchester |
| United Kingdom | |
| Founded | August 1995 |
| Subsidiaries | Money Observer |
| Parent organizations | Interactive Investor Limited |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1355875 |
About Interactive Investor
Interactive Investor Limited is a provider of direct-to-investor investment services in the United Kingdom, through its flat-fee digital investment platform branded as interactive investor or ii.
Mothers could have missed out on £1bn in state pension
... " Alice Guy, head of pensions and savings at investment platform Interactive Investor said: " The state pension is crucially important, especially for many women who are less likely than men to have a private pension income and are more likely to be living in poverty in retirement...
New tax year: Threshold risk for millions as benefits rise
... " As keeping on top of rising prices remains a daily battle for many, the new tax year personal finance considerations can easily be missed, " said Myron Jobson, analyst at investment platform Interactive Investor...
Premium Bond prize rate set to hit highest for 14 years
... " The fact remains that while some savers might be lucky enough to hit the [£1m] jackpot or win big early on, others may save and wait for long periods for even a small return, " said Myron Jobson, personal finance analyst at Interactive Investor...
Rents rising at fastest rate for seven years
... Myron Jobson, senior personal finance analyst at Interactive Investor, said: " Higher rents have been accompanied by higher energy bills which continues to squeeze budgets...
Cost-of-living payments: Three instalments totalling £900 confirmed
... Myron Jobson, senior personal finance analyst at Interactive Investor, said: " The various cost-of-living support schemes and measures past and present have and will help to ease the inflationary crunch on budgets - but most have a shelf life...
Asos sees big loss as shoppers spend less on fashion
... " Richard Hunter, head of markets at Interactive Investor, said Asos had " capped off a torrid year by swinging to a pre-tax loss as retail realities bite"...
Next warns weaker pound could prolong cost of living pressures
... Richard Hunter, head of markets at Interactive Investor, said that a downgrade of profits by Next was " a rare and unwelcome development, even if it is largely understandable in the circumstances"...
The teenagers helping to save - not spend - their parents' money
... " Such examples drew the attention of the judges when she won the Interactive Investor Personal Finance Teacher of the Year Award last year - an accolade for which she was nominated by her pupils...
Premium Bond prize rate set to hit highest for 14 years
By Kevin PeacheyCost of living correspondent
The number of wins of some Premium Bond prizes will increase from next month, pushing The Prize fund rate to its highest level for 14 years.
Extra prizes worth £50 to £100,000 will be available but the overall chances of winning remain unchanged, according to the Treasury-owned operator NS& I.
It reflects the improvement in savings rates more generally during a period of intense competition between providers.
However, experts say The Peak in savings rates is approaching.
A slowdown in the inflation rate, which charts The Rising cost of living, means economists predict The Bank of England may slow the pace of Interest rate rises. In turn, that would slow, or end, the improving returns for Savers .
Outside chanceNS& I has now improved The Prize fund rate of Premium Bonds - held by millions of UK Savers - four times in the Last Year .
Next month's changes will mean, for example, that there are an estimated 59 prizes of £100,000 available, up from 56 in January. There will also be 12,573 prizes of £1,000 prizes next month, up from 11,968 in January.
However, the overall odds of each £1 bond winning a prize will remain unchanged at 24,000 to one, because there will be fewer prizes of £25 available.
" The fact remains that while some Savers might be lucky enough to hit the [£1m] jackpot or win big early on, others may save and wait for long periods for even a small return, " said Myron Jobson, Personal Finance analyst at Interactive Investor .
These increases by NS& I have come during in recent months after a decade of low returns for Savers .
Savers have been offered much better rates than they have for years, but the buying-power of their pot of money has been diluted by rising prices in the shops.
At present, the highest Interest rate for an easy-access savings account is about 3. 25% on The First £5,000 of savings, compared with 0. 7% a year ago.
For a one-year fixed bond, The Top rate was 1. 36% a year ago for those saving More Than £1,000, but is now 4. 33% for those saving More Than £5,000.
The rate of inflation is predicted to slow significantly by The End of the year, which means that activity in the savings arena is starting to diminish.
Anna Bowes, of independent comparison website Savings Champion, said that the UK was " possibly reaching The Peak of the Interest rate cycle". Although, some variable, easy-access accounts might still raise returns, overall activity among providers was likely to slow.
She pointed out that Bank of England figures showed there was £268bn in accounts that did not pay Interest - usually bank current accounts - so it was still advisable for people to Shop Around to get better returns for any spare cash, especially as prices were Still Going up.
However, a quarter of UK adults have less than £100 set aside in savings, according to The Money and Pensions Service.
The lack of a financial safety net means many have to borrow money to cover any extra costs, creating greater anxiety about their plight.
Debt advisors are expecting a sharp increase in enquiries as people struggle to fund higher food and energy bills, with little to fall back on.
A indicated that a third of respondents who borrowed money to help get through Christmas and The Holiday season said they were not confident about their ability to repay.
Source of news: bbc.com
