ISA

Over 600,000 Santander savers have reason to cheer golfer Rory McIlroy's victory in last night's US PGA Championships.

The UK's "failing" pension system needs to be radically overhauled and simplified to make it as attractive to consumers as saving into Isas, a report from the Institute of Directors said today.

The new tax year starts today, so savers should consider putting their money into a new Isa now, as every day you don't, you lose out.

The Government has confirmed plans to merge the basic and second state pensions.

The Isa savings system should be revitalised to help shelter beleaguered savers and struggling first-time buyers from taxation, campaigners have said.

Cash Isa transfer times have shortened following action by the Office of Fair Trading (OFT), though they still take well over two weeks.

The Government says it may consider allowing child trust fund (CTF) holders to convert their money into a junior Isa in future.