Savings

Rising inflation drives down spending

60% of families feel the squeeze on living costs as inflation hits 3%.

Over-40s braced for working longer

Charity proposes 'career MOT' at 50 to assist savers.

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.

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