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Savings

Savers misunderstand pension tax relief

Two thirds of people don't understand pension tax relief according to a survey by Aviva.

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Cost of children's school equipment rises

Parents will spend an average of £164 on purchases for children starting the new school year, research has found.

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A third of pensioners in debt

Almost a third of retirees were still in debt at the time they stopped work, research by Old Mutual Wealth shows.

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Over-50s turn to stock market to fund retirement

A large number of over-50s are turning to stock market investments to help fund their retirement, according to research by Saga.

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Student debt sees annual increase

The estimated average student debt has increased by 15% to £22,131 when compared to last year, figures by Lloyds Bank show.

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Care costs exceed pension savings

Care costs are higher than the average pension pot, research by LV= suggests.

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A fifth of earnings are spare cash

The average person in the UK has £38.19 a week in spare cash to spend however they want, according to new research by Sunlife.

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Britons rely on inheritance for retirement income

More than a third of British workers will need a boost from inheritance to provide a stable retirement income, research by LV= has found.

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Treasury launches pension exit fees review

An immediate government consultation will investigate whether pension exit fees should be cut or capped, the Treasury has announced.

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Retirement advice needs differ according to age

The type of retirement advice people want varies significantly according to age, research by Partnership has found.

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