Over a million people switched their current account in 2025, and a growing share of them are over 60. The reason is straightforward: a no-fee account paying 5% interest on everyday balances can turn a static pension pot into something that works harder every month. On £1,200 held across the month, that rate alone puts roughly £60 back in your
If you’re retired or approaching retirement, the way you think about fixed-rate savings bonds may be costing you money right now. In 2026, the UK savings market has flipped: the best easy-access accounts are paying more than most one-year fixed bonds. That means locking your money away for a year no longer guarantees a higher rate — and for many
If you’re retired or approaching retirement, your car insurance premium might be one of those bills you just pay without thinking too hard. But the numbers say you should think harder. The average comprehensive policy in the UK sits at around £622 a year, according to the ABI Motor Insurance Premium Tracker. For drivers aged 50 to 65, that average
Nearly half of UK adults have less than £1,000 in savings, according to the FCA’s Financial Lives survey. That means a single boiler failure or car repair pushes someone onto a credit card charging 24.4% APR. For someone earning £30,000, a £400 unexpected bill paid with plastic costs nearly £100 in interest before it’s cleared. That’s money that could have
More UK employees are saving into a workplace pension than ever before — 23.3 million in 2024, with 89% of eligible workers now enrolled. Yet the proportion of working-age people undersaving for retirement has risen to 43%, up from 38% in previous years. That means 14.6 million people are on track for a retirement income below what they’ll likely need,
The latest ONS figures show that 88% of UK adults now name the cost of living as the top issue facing the country, and among those aged 55 and over, 44% expect to be worse off in 2026. A single unexpected bill – a council tax rise of over £100, a water bill jumping by £33, or an energy cap
Hand a five-year-old three jars labelled Save, Spend, and Share, and you are doing more for their retirement than most pension guides ever will. Children who learn financial management early are 40% more likely to avoid debt problems as adults. That single habit — knowing where money goes before it leaves — determines whether someone arrives at retirement with savings
Around three quarters of UK motorists still choose fully comprehensive cover, yet fewer than half add personal accident protection and only about four in ten opt for legal expenses cover. That gap between what people buy and what they might actually need is where the real money sits — for insurers, not drivers. Add-ons are highly profitable lines for the
Every pound you pay in overdraft interest is a pound that never reaches your pension. That’s the real cost of overdraft protection over time — not just the monthly charge on your statement, but the compounded loss of what that money could have grown into by retirement. At the typical 39.9% EAR charged by most UK high-street banks, a £1,000
UK parents put a record £1.8 billion into Junior ISAs in 2023/24, up 20% from the year before. That is more money flowing into children’s tax-free accounts than ever before. For a family putting in the average £1,347 a year from birth, a stocks and shares Junior ISA growing at 7% could be worth roughly £47,800 by age 18 —
For someone approaching retirement, the choice between using an insurance broker and buying direct can determine whether a life insurance or health insurance claim pays out smoothly or leaves you fighting alone. With roughly 98% of term life claims paid and around 91% of critical illness claims honoured, the odds are good — but the small minority of declined claims
The average UK combined home insurance policy cost £391 in the second quarter of 2025, down slightly from £393 in the first quarter but still well above where it sat in 2022. For a retired household on a fixed income, that £391 is a meaningful chunk of annual spending — and the figure only tells part of the story. What
