Savings

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.

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.

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.

Retirement advice needs differ according to age

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

Income rises for over-55s

The monthly income of people over-55 has increased by 30% since 2010, research by Aviva has found.

Company share scheme saving increases

More than 1.4 million employees saved an average of £122.94 a month in 2014 by taking part in company share schemes, according to ifs ProShare.

Regulator plans 7-day cash ISA switching

Switching cash ISAs will become easier and quicker under plans announced by the Financial Conduct Authority.

Unclear drawdown charges costing pensioners

The price disparity between income drawdown products under the pension freedoms could amount to £3,000 over a decade, according to research by Which?.

Many retirees working past state pension age

More than 1 in 5 retirees have returned to work after reaching state pension age, according to research by Prudential.

Standard annuity rate hits 2015 high

The standard annuity rate has increased 5.6% since the 12 May 2015, research by My Pension Expert has found.

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