Savings

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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A third of people do not formally budget

Just over a fifth of adults in the UK have only a “rough idea” or no idea at all about their regular incomings and outgoings, according to a new survey by Sunlife.

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Retirees ignore housing equity options

More than two thirds of people aged 65 and over have housing equity that could help bolster their retirement income, according to LV=.

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Employees in large firms rely on workplace pensions

Workers in large companies are more likely to depend on their workplace pension in retirement compared to workers in smaller businesses, research by Scottish Widows has shown.

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Savers misunderstand pension tax relief

Two thirds of people don't understand pension tax relief according to a survey by Aviva.

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Cost of children's school equipment rises

Parents will spend an average of £164 on purchases for children starting the new school year, research has found.

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A third of pensioners in debt

Almost a third of retirees were still in debt at the time they stopped work, research by Old Mutual Wealth shows.

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