Savings

Bank account switches reach 4-year low

Savers snub campaign to change current account provider.

Flexible pension payments hit record high

Year-on-year figures show a 20% rise in individuals accessing their pensions early.

Auto-enrolling the self-employed ‘would exclude 60%’

Only 28% of self-employed workers believe pensions are a safe saving option.

Young savers ‘more open to ethical pension options’

Half of millennial investors would like to be offered fossil-free investments as standard, compared to 34% of those over the age of 55.

Women fail to prioritise life insurance

Women aren’t taking out life insurance despite admitting their families would struggle without them.

‘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.

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