Savings

Employers feel pension scheme pressure

50/50 chance of weakest defined benefit schemes paying out full pension.

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Annuity sales continue sharp decline

Purchases tumble further following the introduction of pension freedoms in 2015.

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Sole traders run risk of cash crisis

Research shows just 4% have income protection policies.

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Cash ISAs savings fall 33%

Money saved into cash ISAs fell by £19.5bn during 2016/17 tax year.

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Social care faces annual deficit

Adults underestimate residential care costs by £317 a week.

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Savers likely to increase pension contributions

Working adults would save more if pension contributions increased automatically.

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Generous grandparents hand out £37bn

1 in 3 grandparents provided financial support to their grandchildren.

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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.

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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.

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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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