Housing wealth ‘won’t solve the pensions crisis’

Most people with low pension savings will not be able to rely on housing equity to adequately top up their retirement income, according to a report by Royal London. Equity release schemes enable homeowners over the age of 55 to access their housing wealth. However,...

Pension scam victims lose £91,000 each

Victims of pension fraud lost an average of £91,000 each in 2017, research by the Financial Conduct Authority (FCA) and The Pensions Regulator has revealed. The two regulators are urging members of the public to be wary of unexpected offers about their pension, and...

Older workers ‘feel unsupported’ by employers

More than two-fifths of older workers don't feel supported by their employers when it comes to their career aspirations, according to research. Aviva surveyed 2,497 adults and found that 63% of employed over-50s are planning to retire later than they expected to 10...

Early-30s delay milestones due to financial insecurity

People in their early 30s are delaying life milestones because of financial insecurity, research by LV= has revealed. The study of 8,529 adults found that 24% of 30 to 35-year-olds are worried about the financial impact of milestones, such as having children or buying...

Bank of England raises interest rate to 0.75%

The Bank of England has raised interest rates from 0.5% to 0.75% - the highest level since March 2009. The rise could mean slightly higher returns for savers, but increased costs for homeowners with variable mortgages. More than 3.5 million people in the UK have...
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