Savings

Two fifths of young people regret taking on debt

A fifth of young people in debt admit that their financial situation makes them feel depressed, a new report by Gocompare reveals.

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A third of people do not formally budget

Just over a fifth of adults in the UK have only a “rough idea” or no idea at all about their regular incomings and outgoings, according to a new survey by Sunlife.

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Retirees ignore housing equity options

More than two thirds of people aged 65 and over have housing equity that could help bolster their retirement income, according to LV=.

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Employees in large firms rely on workplace pensions

Workers in large companies are more likely to depend on their workplace pension in retirement compared to workers in smaller businesses, research by Scottish Widows has shown.

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Savers misunderstand pension tax relief

Two thirds of people don't understand pension tax relief according to a survey by Aviva.

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Cost of children's school equipment rises

Parents will spend an average of £164 on purchases for children starting the new school year, research has found.

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A third of pensioners in debt

Almost a third of retirees were still in debt at the time they stopped work, research by Old Mutual Wealth shows.

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Over-50s turn to stock market to fund retirement

A large number of over-50s are turning to stock market investments to help fund their retirement, according to research by Saga.

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Student debt sees annual increase

The estimated average student debt has increased by 15% to £22,131 when compared to last year, figures by Lloyds Bank show.

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Care costs exceed pension savings

Care costs are higher than the average pension pot, research by LV= suggests.

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