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Savings

Deposit compensation limit increased

As of 30 January 2017, the deposit compensation limit is £85,000, up from the previous limit of £75,000.

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Many still unaware of Lifetime ISA

Many people are unaware of the Lifetime ISA and how it works, 2 months before its official launch.

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Average inheritance now £119,000

Over 55s are likely to save the majority of any inheritance, which now stands at £119,000.

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21% lose track of multiple pensions

21% of people with multiple pension pots have misplaced one or all of their retirement savings.

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Half of adults want to retire before state pension age

When would you like to retire? 48% of working adults would like to before they reach stage pension age.

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Office workers spend £1,000 a year at work

The average office worker spends around £1,000 a year on expenses such as coffee, birthday presents and nights out.

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Jargon putting over 50s off investment

The prevalence of technical jargon is preventing people over the age of 50 from investing.

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4.4 million more workplace pension savers since 2012

Almost 6.9 million auto-enrolled workers saved £82 billion in workplace pension schemes in 2015.

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Defined benefit schemes costs rise by 37%

The costs of operating a defined benefit pension scheme have increased by 37% in the last year, which could see members lose some of their benefits.

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Workplace pension saving up by £2.5 billion

Auto-enrolment increased workplace pension saving by £2.5 billion per year by April 2015, according to the Institute of Fiscal Studies.

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