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We’re losing £1m a minute from our savings and pensions

Every minute of every working day, financial services insiders take about £1m in fees, commissions, dealing costs and other charges from the money we save. This gives them over £400m a day, over £100bn a year for managing our money.

But what do we get for our £1m a minute? Our savings give little to no interest, our pension funds hardly grow and money in things like unit trusts seldom produces the mouthwatering returns touted in the sales pitches. If you expect to have a financially secure future, you cannot afford to keep giving these huge amounts of your money to the financial services industry. It’s time to take control of your own financial future. My book Pillaged suggests how.

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