Savings

Income rises for over-55s

The monthly income of people over-55 has increased by 30% since 2010, research by Aviva has found.

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Company share scheme saving increases

More than 1.4 million employees saved an average of £122.94 a month in 2014 by taking part in company share schemes, according to ifs ProShare.

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Regulator plans 7-day cash ISA switching

Switching cash ISAs will become easier and quicker under plans announced by the Financial Conduct Authority.

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Unclear drawdown charges costing pensioners

The price disparity between income drawdown products under the pension freedoms could amount to £3,000 over a decade, according to research by Which?.

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Many retirees working past state pension age

More than 1 in 5 retirees have returned to work after reaching state pension age, according to research by Prudential.

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Standard annuity rate hits 2015 high

The standard annuity rate has increased 5.6% since the 12 May 2015, research by My Pension Expert has found.

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Flat rate state pension causes confusion

A third of over 50s say they do not have a clear idea about whether they will be better or worse off under the new flat rate state pension, according to Saga.

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Help to Buy eases pressure on families to fund deposits

Over half of prospective first-time buyers say that they would use the government's Help to Buy scheme to help them compensate for having small deposits.

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Future retirees predict lower standard of living

Future retirees aged 45 to 55 expect to retire on around a fifth less than people retiring in 2015, according to research by Prudential.

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Pension freedoms prove popular

Around 60,000 people have taken part of their pension as cash in the 10 weeks since the government's pension freedoms were introduced, the Chancellor George Osborne has announced.

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