A third of Britons raid savings

first_img Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content whatsapp Nearly a third of UK adults have dipped into their savings in the last year to cover shortfalls in their income, according to a survey by investment firm Schroders. Savers have taken out an average of £4,600 each, totalling £60bn, as the record low in interest rates means fewer returns on prudence. People nearing retirement are the most likely to raid their savings accounts, said the survey. “The amount of capital being drawn down suggests that it is not just rainy-day funds that are being drained, but a significant proportion of individuals’ long-term savings,” said Robin Stoakley of Schroders. Around 34 of per cent of women will spend their savings, compared to 28 per cent of men. Sharecenter_img whatsapp A third of Britons raid savings Sunday 22 August 2010 10:06 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmHero WarsBig Boss of internet games!Hero Warsmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Tags: NULLlast_img read more

New City regulator will allow banks to fail FSA, says Sants

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com New City regulator will allow banks to fail FSA, says Sants Monday 13 December 2010 8:58 pm Share KCS-content THE chief executive of the Financial Services Authority (FSA) said yesterday one of the biggest jobs its successor would face would be to convince the public that banks should be allowed to fail.Hector Sants said the Prudential Regulatory Authority (PRA), which he will take control of in 2012, would be more willing to allow fims to fail than its predecessor.He said: “Where it will feel different is the fact that it has a far narrower focus and the recognition that we are not seeking to operate a ‘zero failure’ regime is now directly built into the statutory objective.”The FSA boss said not all firms regulated by the PRA would pose a risk to its statutory objective of maintaining stable financial markets by their failure. He also suggested the PRA would spend a far higher proportion of its budget managing the decline of firms in an efficient manner.But he admitted “persuading society that this in an acceptable goal will be a challenge.”Sants added the UK was unlikely to introduce additional capital requirements on big banks if international agreement could not be reached. “We do understand the importance of large global institutions operating in London having a level playing field globally so we would not likely be superequivalent or gold plate,” he said. whatsapp Show Comments ▼ Tags: NULL whatsapplast_img read more