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Savings

‘Workers require pension saving targets’

Most workers are unaware of how much they need to save for a comfortable retirement.

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Self-employed over-65s working less and earning more

The average ‘silver self-employed’ worker earns almost £40,000 a year.

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1 in 3 over-50s financially support ‘dependents’

Older workers retiring later to support dependent relatives.

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Employers feel pension scheme pressure

50/50 chance of weakest defined benefit schemes paying out full pension.

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Annuity sales continue sharp decline

Purchases tumble further following the introduction of pension freedoms in 2015.

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Sole traders run risk of cash crisis

Research shows just 4% have income protection policies.

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Cash ISAs savings fall 33%

Money saved into cash ISAs fell by £19.5bn during 2016/17 tax year.

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Social care faces annual deficit

Adults underestimate residential care costs by £317 a week.

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Savers likely to increase pension contributions

Working adults would save more if pension contributions increased automatically.

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Generous grandparents hand out £37bn

1 in 3 grandparents provided financial support to their grandchildren.

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