Savings

Older savers call for more ISA clarity

Older savers are calling for ISAs to be simplified.

Deposit compensation limit increased

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

Many still unaware of Lifetime ISA

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

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.

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