Price discrimination in the cash savings market

by Insignis Cash Solutions in News

The FCA has recently published a discussion paper on the impact of implementing a basic savings rate to instant access savings accounts. The proposal can be found here Giles Hutson, CEO Insignis Cash Solutions issues his initial comments on the proposal: “While important new dynamics have increased competition and therefore savings rates, having a  ‘base rate’ for savings would create a useful benchmark. Ultimately, those who actively manage their cash across institutions and maturities will most materially improve their returns. “This is a positive move from the FCA for the savings market. Average rates for savers have been below inflationary figures for some time now and we welcome this initiative to help mitigate the current environment. Insignis welcomes any and all measures that help savers.”

Leave a Reply

Press Contacts

TWITTER

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

Savings rates are creeping up from their all-time lows. With individual rates increasing between 30% and 69% acros… t.co/5j468i6e5n

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

We’re pleased to announce our Head of Institutional Clients, Sam Mackenzie-Carmichael has been shortlisted for the… t.co/EHOFq4Gz3b

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

We are pleased to welcome Wesleyan Bank as the latest partner bank to join our platform! The partnership expands… t.co/ONEyA0LGZG

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

At various stages in the pension lifecycle, a material portion of your clients’ pension assets may be in cash. The… t.co/CQEuZtf6te

Insignis Cash's Twitter avatar
Insignis Cash
@InsignisCash

We’re thrilled to have been shortlisted for the PAM Awards 2021, recognising Insignis as one of the leading players… t.co/bq2U4azo4T

As Featured In: