Savings

Average inheritance now £119,000

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

21% lose track of multiple pensions

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

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.

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.

Jargon putting over 50s off investment

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

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.

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.

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.

Older retirees spend half as much as younger ones

Income spending among retirees aged over 75 declines by half compared to those aged 50-65, according to research by Aegon.

Cash ISAs used to fund retirement

Over a third of savers are using cash ISAs to fund their retirement, according to research by Alliance Trust Savings.

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