Savings

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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Lack of financial management skills widespread

40% of adults are not in control of their personal finances, research by the Money Advice Service suggests.

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1 in 7 plan to use new ISA flexibility

1 in 7 people are planning to take advantage of the new cash ISA rules that come into effect next April, research by Yorkshire Building Society shows.

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Over generosity risks parents' finances

Parents who lend money to their children are at risk of compromising their own financial position, according to a survey by Investec Wealth & Investment.

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ISAs funding retirement plans of 30 and 40 year olds

People in their 30s and 40s are investing more into ISAs to help fund their retirement plans, according to new research by Fidelity Worldwide Investment.

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Majority of pension withdrawals go to under-65s

4 out of 5 cash lump sums from pensions are paid out to under-65s, according to the Association of British Insurers.

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Borrowers concerned about interest rate rise

Borrowers are worried about the effect a rise in interest rates will have on their regular debt repayments, according to research published by the Building Societies Association.

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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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