Lost pension pots total £20bn

Around 1.6 million pension pots worth almost £20 billion remain unclaimed by savers in the UK, according to research by the Association of British Insurers (ABI). A survey of 12 large insurers, covering around half of the defined contribution pensions market, found...

Lack of savings puts self-employed under strain

Almost half of self-employed people in the UK have low levels of savings, research from Aldermore shows. A study of 1,799 adults found that 46% of self-employed people have less than £1,000 in cash savings, while 19% have no business savings at all. Many struggle to...

Personal pension savings fall in 2016/17

Average contributions to personal pensions have fallen by about a third in 5 years on from the introduction of workplace pensions, prompting calls to improve the auto-enrolment system. According to the Office for National Statistics, average annual contribution rates...

Savers warned to plan for a longer retirement

Pension savers will need to plan for a longer retirement, as the population of over-90s in the UK continues to grow. Data from the Office for National Statistics shows the number of people aged 90 and over increased to 579,776 in 2017 - a year-on-year rise of 8,531....

Parents to spend £17k on child’s university costs

Parents anticipate spending £17,165 on average to support their child's future university costs, a report by Lloyds Bank has found. According to the responses of more than 2,000 adults, parents who expect to send their children to university think it will cost them an...