Savings

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.

Workplace savings to fund ‘32% of retirement income’

People in the UK are expecting almost a third of their retirement income to come from workplace savings.

Pension freedoms payments hit record high

200,000 people took out flexible payments worth a record £1.86 million in the 3 months to 30 June 2017.

Adults not saving enough on regular basis

56% of adults feel they are not saving enough of their pre-tax income each month.

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