NS&I has cut rates widely across its fixed and variable savings products and reduced the number of Premium bond prizes with effect from 1 May.

A number of influential bodies and organisations have backed a new government-supported 10-year strategy to improve financial wellbeing for millions.

The Financial Conduct Authority is planning major reform of the easy access cash savings and cash ISA markets to provide a better deal for savers.

A third of over 50s say they do not think they have enough money to provide them with sufficient income for their retirement.