Savings

Savers misunderstand pension tax relief

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

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.

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.

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.

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.

Care costs exceed pension savings

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

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.

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