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Savings

Future retirees predict lower standard of living

Future retirees aged 45 to 55 expect to retire on around a fifth less than people retiring in 2015, according to research by Prudential.

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Pension freedoms prove popular

Around 60,000 people have taken part of their pension as cash in the 10 weeks since the government's pension freedoms were introduced, the Chancellor George Osborne has announced.

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Households prioritise possessions over protection

Fewer than 4 in 10 people view life insurance as essential, according to a report by Scottish Widows.

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Lost pensions triple over decade

The number of savers looking for lost pension pots has tripled over the last 10 years, research by LV= has revealed.

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Childcare most costly aspect of raising children

Raising a child costs parents around £35,000 in the first 5 years of its life, research by Aviva has found.

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Saving picks up among UK households

More than two thirds of people in the UK have managed to save over the past 12 months, according to research by Lloyds Bank.

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Pension savers unprepared for retirement

More than half of retirement savers have never checked their pension pots, according to a report by Aegon UK.

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Record increase in household wealth

Total household wealth reached an estimated £9.1 trillion at the end of 2014, according to research by Lloyds Bank.

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Over-55s want retirement advice to be compulsory

Two thirds of over-55s think financial advice should be compulsory for people nearing retirement, research by MGM Advantage suggests.

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Retirees breaking inheritance traditions

Traditional ways of passing on inheritance could be 'dying out', a report by HSBC has suggested.

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