Savings

‘Workers require pension saving targets’

Most workers are unaware of how much they need to save for a comfortable retirement.

Self-employed over-65s working less and earning more

The average ‘silver self-employed’ worker earns almost £40,000 a year.

1 in 3 over-50s financially support ‘dependents’

Older workers retiring later to support dependent relatives.

Employers feel pension scheme pressure

50/50 chance of weakest defined benefit schemes paying out full pension.

Annuity sales continue sharp decline

Purchases tumble further following the introduction of pension freedoms in 2015.

Sole traders run risk of cash crisis

Research shows just 4% have income protection policies.

Cash ISAs savings fall 33%

Money saved into cash ISAs fell by £19.5bn during 2016/17 tax year.

Social care faces annual deficit

Adults underestimate residential care costs by £317 a week.

Savers likely to increase pension contributions

Working adults would save more if pension contributions increased automatically.

Generous grandparents hand out £37bn

1 in 3 grandparents provided financial support to their grandchildren.

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