We would like to thank Money Watch Producer Ian Rose and presenter Libby Potter and the rest of the team for featuring John Strain and his parishioners on their program last night.

They made it quite clear that savers are upset and angry about low interest rates.

But we were disappointed that they didn't get to some of the core issues behind our campaign and why savers are justified in being this angry about how they are treated.

However during the feature financial advisor David

At the launch for the Scottish Widows annual pensions report today, Steve Webb, the minister reponsible for pensions, opened the event by stating
 
 “The worse advocates of pensions and savings are retired people who say to their children and grandchildren: ‘I wish I’d never saved. My neighbours got this and that, while I saved and got none of it’."
 
“There is such a lot of resentment. And the resentment where people who made the effort to save don’t get rewarded is huge. They are the sales force for not saving. We need to tackle that and make sure that people who have savings make themselves better off”
 

We were very pleased to be invited to attend a round table event hosted by the International Consortium of British Pensioners (ICBP).

We have upgraded our blog site www.saversfightback.co.uk and  given it a new look. This will improve the way we interact with social media such as twitter and facebook  and will also allow us to publish a new news and views column, that we hope will keep you informed and stimulate more discussion on savings issues.

Take a look and leave a comment and join the discussion at www.saversfightback.co.uk

Save Our Savers fully supports the Consumer Focus super-complaint made to the Office of Fair Trading concerning the ISA market.

We would urge all savers who have an ISA to contribute their experiance to the Office of Fair Trading investigation. To find out how please click here

“Today’s interest rate decision, to keep the base rate at 0.5%, chalks up a thirteenth month of pain for Britain’s millions of savers.  With the Government doing next to nothing to support their prudent and socially valuable behaviour, whilst bending over backwards to maintain the damaging culture of spending and borrowing, it’s small wonder such a groundswell of anger has built up among savers.  The next few weeks will be a crucial time for change, whoever takes the reins after polling day, and we urge savers to join our campaign now for fairer treatment and concrete policy support.”
 

Revd John Strain, spokesperson for Save Our Savers