Savings

Over-55s face downsizing challenges

49% held back by lack of suitable properties.

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More pension savers adopt prudent approach

Increasing amount wouldn’t take any risk with pension savings.

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State pension gender gap narrows in 2017

Data suggests gap stands at almost £29,000.

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Self-employed concerned about pensions

Thinktank recommends auto-enrolment for self-employed.

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Over-55s worried about running out of retirement income

1 in 5 feel ‘worse off’ than expected.

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False confidence over pension products

Most retirees misunderstand annuity and drawdown features.

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Most Brits face working into mid-60s

1 in 5 resigned to working later out of necessity.

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Most retirees do not shop around for pension products

A third of drawdown sales since 2015 were non-advised.

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Retirement savers struggle to clear debts

38% do not clear credit card balances every month.

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Savings rates cut on Growth and Income Bonds

Interest on popular NS&I bonds cut for new customers.

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