Fidelity issues new savings guidelines
1 minute ago Fidelity Investments has issued new savings guidelines suggesting that workers save at least eight times their final salary in order to meet basic income needs in retirement.
With more than 5.5 million fixed rate products worth over £110 billion maturing in 2010 - the largest number maturing in July - HSBC warns investors that with savings rates languishing at historic lows, many UK ``re-investors'' will see their investment income fall off a 'savings precipice' this year.