Millions of workers could be wasting hundreds of pounds a year each if they pay into a company pension, as employers are failing to help them save efficiently.
Banks and building societies will have to display much clearer information to savers about how their money is protected from next January, under rules announced today by the Financial Services Authority (FSA).
Banks are raising easy access savings rates. Though they are still low historically, the best accounts pay over six times more than the 0.5% base rate.