Savings News
Men more likely to dip into retirement savings during tough times
A fifth of men (17%) in the UK would consider dipping into their retirement funds to cope with tough times as a result of unforeseen life events compared to just a tenth of women (10%), according to a new study by HSBC.
Family is a key positive influence for savvy savers
Whilst children will be looking to the education system from September to teach them how to run their finances, the over 50s have prudent parents to thank for their savings habits as a quarter of people have adopted parent's and family member's saving strategies, according to research by Saga Savings.
Savers succumb to summer spending
Summer savings are being raided to pay for holidays and weekend breaks, with the average amount withdrawn from savings accounts standing at more than double the average amount deposited.
UK couples stash £2.1bn in ‘secret savings’ as couples save solo
In the UK, we are seeing the emergence of a new generation of ‘secret savers' as the average UK couple now keeps 63% of their savings and investments in sole accounts, according to the latest findings from the Lloyds TSB Family Savings Report.
Generation recession prepares for the worst and hopes for the best
Half of all Britons (50%) are concerned that they would be unable to maintain their standard of living if they were to lose their main source of income according to Bright Grey's annual Financial Safety Net report.
One in four over-75s raid their planned inheritance to support family
A quarter of over-75s (25%) - and more than a fifth of over-55s in total (21%) - have given a cash loan to family members instead of leaving an inheritance, according to Aviva's latest Real Retirement Report.
Rural reserves surpass city savers
With an average savings balance in rural areas of £9,435, urban savers across all regions of England and Wales have fewer savings than their country neighbours.
Brits admit to not knowing how to fund later life costs
Just under a third of Britain's adults (31%) do not know how they will finance their needs in later life, including such eventualities as long-term illness, nursing home or care fees and care of others including partners, parents and siblings, according to NS&I's latest Quarterly Savings Survey.
One in five partners keep a secret 'money stash' from their other half
Do you know how much your partner earns? Do you know how much they have saved up? Research from financial solutions provider All About Money suggests that many people aren't really sure - or they're being actively misled.
5 tips for saving money on your household bills
We’d all like a little more money in our pockets at the end of the month, but household bills have a propensity to slowly stack up.
Faced with a ‘windfall’ sensible Brits would save cash
Brits would battle head over heart if faced with a £15,000 windfall, according to research from J.P. Morgan Asset Management (JPMAM).
Nationwide celebrates the second anniversary of Save to Buy
Nationwide Building Society is helping tens of thousands of aspiring home buyers move a step closer to buying a property of their own through its Save to Buy scheme.
Household wealth soars past £7 trillion
Total net household wealth in the UK has soared past the £7 trillion mark for the first time, according to latest research from Lloyds TSB Private Banking.
More Brits save in a ‘coin jar’ than in a bank or building society
More Brits regularly save cash in a coin jar than in a bank or building society savings account, according to new research.
Expert tips on avoiding a gloomy start to your new financial year
April marks the beginning of the new financial year, but despite narrowly missing the advent of a triple dip recession, the unveiling of a gloomy budget reveals that this year is likely to look very similar to the last.