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...

Government delays self-employed pension trials

Trials to find a pension saving solution for the self-employed, which were expected to start this year, will be delayed. In a written response to parliament, pensions minister Guy Opperman said there is "no simple or straightforward mechanism" to bring the...