savings Archives - Financial Mirror

Surging stock markets driving retirees into risk

Surging stock markets and savings shortfalls are increasingly driving retirees into risk and this could impact their financial security, warned the CEO of one of a leading independent financial advisory and asset

11th February 2024

Markets/World

Crypto is second most popular savings tool in US

Cryptocurrencies now constitute 17% of consumer savings in 2023, placing them as the second most favoured savings method in the United States, according to an analysis by Stocklytics.com. This emerging trend underscores the widespread

9th January 2024

Markets/World

Households emptying savings accounts

Cypriot families find it impossible to squirrel away any savings as they grapple with hefty loan payments and sky-high interest rates as household deposits decline for a fourth month. According to the

29th November 2023

Cyprus/Economy

Cypriots pay more for loans, get less for savings

Despite pressures from the government and EU monetary bodies, Cyprus banks still charge higher interest rates for loans and lower rates for deposits than most eurozone countries. Data released by the European

26th June 2023

Business

U.K. scraps unpopular lifetime allowance

There is to be a rush to review retirement savings plans following Chancellor Jeremy Hunt’s game-changing Spring Budget that abolishes an unpopular allowance, the CEO of a leading financial advisory and fintech

15th March 2023

Life & Society/Markets/World

Coronavirus prompts growing number to re-evaluate their savings

The coronavirus pandemic has triggered a ‘significant rise’ in the demand for savings solutions, according to the deVere Group, a leading independent financial advisory organisation, that reported a 28% jump in enquiries

6th April 2020

Markets/World