Savings

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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A fifth of earnings are spare cash

The average person in the UK has £38.19 a week in spare cash to spend however they want, according to new research by Sunlife.

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Britons rely on inheritance for retirement income

More than a third of British workers will need a boost from inheritance to provide a stable retirement income, research by LV= has found.

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Treasury launches pension exit fees review

An immediate government consultation will investigate whether pension exit fees should be cut or capped, the Treasury has announced.

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Retirement advice needs differ according to age

The type of retirement advice people want varies significantly according to age, research by Partnership has found.

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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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