Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan Protection: Savers still set to struggle in 2011

UK savers will still struggle to find a decent return on their investment during 2011, according to an expert.

Adrian Coles, director general of the Building Societies Association (BSA), expressed his belief that, as interest rates are expected to stagnate, savers will not find the situation improves next year.

"It depends how the economy goes, with all the cutbacks. If the private sector doesn't step in and create the jobs that some people think it will I don't think we will see an early return to big savings," he said.

Mr Coles added that if the base rate remains at its historically low rate of 0.5 per cent then savers may be willing to take more risks and invest in equities, as well as continuing to make further debt repayments.

Latest figures from National Savings & Investments have shown a decline in the amount of money people are saving, with the average now being £82.92 per month.

Posted by John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance ADNFCR-2776-ID-800305281-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide