Do you have cash in an 投資するing account? Beware 会社／堅いs pinching your 利益／興味, says SYLVIA MORRIS
Leaving 貯金 languishing in a High Street bank account is asking for trouble, as I 定期的に remind readers.?
There is a strong chance your cash is in a default 平易な-接近 account 支払う／賃金ing a fraction of what you could earn どこかよそで.
But stingy banks are not the only 危険 to savers. Some 投資 壇・綱領・公約s are up to 類似の tricks ― and this has finally got the attention of the 財政上の 監視者.
Yesterday, the 財政上の 行為／行う 当局 (FCA) 警告するd that 壇・綱領・公約s are typically 保持するing a 抱擁する 50 per cent of 利益／興味 earned by 顧客s on their 貯金 for themselves.
These 壇・綱領・公約s are a popular way to 投資する cash in Individual 貯金 Accounts (Isas) or Self 投資するd Personal 年金s (Sipps) and there are around ten million accounts in the UK.
Helping themselves: The 財政上の 行為／行う 当局 has 警告するd that 投資するing 壇・綱領・公約s are typically 保持するing 50% of 利益／興味 earned by 顧客s on their 貯金 for themselves
They 申し込む／申し出 a 広大な／多数の／重要な way to 投資する for the 未来 and keep tabs on how your 投資s are 成し遂げるing.
But the problem lies in how some of these 壇・綱領・公約s 扱う／治療する their 顧客s’ cash 貯金.
率直に, I think some 壇・綱領・公約s are taking the mickey, by 収入 healthy 利益／興味 率s on their 顧客s’ 貯金 and pocketing most of it themselves instead of passing it on.
The fact that the Bank of England base 率 has risen 14 times in the past two years seems to have all but eluded them.
Hargreaves Lansdown 支払う／賃金s 2.75 per cent on up to £10,000 in a 在庫／株s and 株 Isa, 3.45 per cent in Sipps or 1.5 per cent in a 基金 and 株 account.
Interactive 投資家 支払う／賃金s 1.75 per cent on the first £10,000 of cash held in an Isa, Junior Isa or 貿易（する）ing account and 2.75?per cent on the same 量 in a Sipp.?
AJ Bell yesterday upped its 率s ― just hours after the FCA 告示 (what a coincidence).?
支払う／賃金ing measly 利益／興味 率s is a lucrative 商売／仕事. Hargreaves Lansdown 得るd £269 million from this practice in the year to the end of June.
Yesterday, the FCA wrote to the 42 長，指導者 (n)役員／(a)執行力のあるs of 投資 壇・綱領・公約s and Sipp providers 警告 that they may not be 供給するing fair value if the 量 of 利益／興味 that they cream off savers ‘意味ありげに 越えるs’ the cost of looking after their cash.
The FCA also 警告するd against a second dastardly practice, which it labelled ‘二塁打 dipping’.
This is when 壇・綱領・公約s not only swipe chunks of the 利益／興味 earned from savers’ money ― they also 告発（する），告訴（する）／料金 them for 持つ／拘留するing cash. That means 壇・綱領・公約s 利益（をあげる） twice. Outrageous!
The FCA has told 会社／堅いs 有罪の of 二塁打 dipping to 中止する. ‘If they don’t, we’ll 介入する,’ said Sheldon Mills, (n)役員／(a)執行力のある director of 消費者s and 競争 at the FCA.
会社／堅いs will need to make any changes by February 29, 2024.
Good. I’m relieved the regulator is finally taking 活動／戦闘.
Here’s how not to be a sitting 的?
In some ways, failing to pass on higher 利益／興味 率s to savers is even more 背信の when done by 投資するing 壇・綱領・公約s than by High Street banks.
That is because, if you are getting a low 利益／興味 率 on your 貯金 account, my advice to you would be to shop around and get a better 取引，協定 どこかよそで.
But this 戦略 is much いっそう少なく straightforward if you 持つ／拘留する some cash on an 投資するing 壇・綱領・公約.
Many now 申し込む／申し出 貯金 壇・綱領・公約s that have 競争の激しい 利益／興味 率s. But these 率s cannot be 接近d within 在庫／株s and 株 Isas or Sipps. You cannot easily 転換 your cash from a 在庫／株s and 株 Isa or Sipp to get a better 取引，協定 without losing its 税金-解放する／自由な 避難所.
You could 移転 your Isa or Sipp to a different provider, but people tend to choose their 投資 壇・綱領・公約 based on many 質s other than how much 利益／興味 they 支払う／賃金 on cash ― such as their other 料金s and 評判 for good 顧客 service.
Put 簡単に, 年金 and Isa savers who 持つ／拘留する cash with 投資 壇・綱領・公約s are sitting 的s. And since 投資 壇・綱領・公約s themselves seem in no 急ぐ to 削減（する） off this lucrative 歳入 stream by 支払う／賃金ing savers a more 競争の激しい 率, the regulator has to step in.
Let’s hope the 壇・綱領・公約s 答える／応じる quickly.
