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Savings

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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Mortgage applicants change spending habits

Prospective homeowners are changing their spending habits in order to make their mortgage applications more successful, research by MoneySuperMarket has found.

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Annuity rates hit record low

Average rates of standard annuities have fallen to a record low just 3 weeks after the government's pension reforms were introduced, research by Investment Life & Pensions Moneyfacts has found.

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Young people not saving for retirement

More than half of 18-35 year-olds haven't started saving for retirement, research by NOW: Pensions has shown.

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Adults get savings boost living with parents

Almost three quarters of parents still have children aged over 18 living with them, according to research by TopCashback.

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