Stuck NS&I bondholders, under-pressure best buy lists and the case for European investments - here's your weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
NS&I blocks loyal savers from accessing their own cash Bondholders with National Savings & Investments could see their money locked away with no options to withdraw, according to The Telegraph. Previously customers could withdraw their cash at any moment with a penalty of 90 days' interest but untouched savings not moved before old bonds matured are being automatically put into a newer issue that removes such an option. The government-backed scheme holds almost £40bn in income and growth bonds and said customers were given a minimum of 30 days' notice before their terms ended and had ...
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