Savings

Fall in pension withdrawals

The number of people accessing their pension pots dropped in the third quarter of 2015.

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Millions missing financial education

Over 15 million Britons have never received financial advice or been taught about managing their money, according to research by NS&I.

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Uncertainty over pension savings

49% of people are worried that they will not have enough pension savings to be comfortable in retirement.

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Recently retirees’ share of wealth passes the under 45s

Recent retirees now enjoy a larger share of property wealth than people under 45.

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Self-employed workers fail to save for retirement

Less than 1 in 10 self-employed workers made personal pension contributions in the 2013/14 tax year.

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First-time buyers set to open Help to Buy ISAs

Help to Buy ISAs are set to launch from the 1 December, aiming to help first-time buyers save a deposit for a home.

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Many expect to retire before state pension age

People in work expect to retire before they reach their state pension age, which could lead to potentially unrealistic retirement planning, according to research by Prudential.

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Millions have no saving strategy in place

11.7 million people have not been able to contribute towards their savings for a number of years.

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Repayment confidence high among consumers

84% of people state they are feeling more confident in keeping up with their repayments as we enter what is traditionally an expensive time of year for many.

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Workplace pensions seen as safest retirement investment vehicle

Workplace pension schemes are considered to be the safest way to invest for retirement, according to new research by the Office for National Statistics.

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