Savings

Retired homeowners not accessing property wealth

6 in 10 over-50s don’t plan to move house.

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Retirees take cautious approach to drawdown

Pensioners draw down 31% of wealth on average.

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Under-30s see rise in pension savings

21% of young people still not saving for retirement.

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3 in 5 SMEs miss out on business savings interest

65% fail to shop around for savings providers.

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Parents lending less to help kids buy a home

Average gift from Bank of Mum and Dad falls to £18,000.

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Lack of financial protection puts households at risk

Fewer than 1 in 10 people have critical illness cover.

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Opperman hints at auto-enrolment via tax returns

Pensions minister considers workplace pension for the self-employed.

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Over-50s rethink retirement plans

1 in 4 alter plans following state pension changes.

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Retired tenants will need £445,000 pension pot

Cost of rent adds £185,000 to required savings.

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9.5m saving into workplace pensions

Number of auto-enrolment savers up 26% since 2012.

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