Manchester Building Society’s financial woes have continued, with news out that investors who hold Permanent Interest Bearing Shares (PIBS) with the provider, could lose much of their investment.
This April will mark 20 years of ISAs, as the new ‘Individual Savings Accounts’ were introduced on 6th April 1999, replacing Personal Equity Plans (PEPs) and Tax Exempt Special Savings Accounts (TESSAs).
Analysts were predicting that the rate of inflation would hit the Bank of England’s target of 2% in January but were perhaps surprised to see it fall to a two-year low.