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  • Money concerns are now widespread across many income brackets

    Crisis causes 32% to cut back on saving 

  • Those helping grandchildren gave £15,000 on average, with 10% giving over £50,000.

    4 in 10 gift money to help with rising cost of living

  • Charles Stanley surveyed 2,086 UK adults between 9 June and 13 June

    Half UK savers expect to empty emergency savings

  • Schroders Personal Wealth surveyed 1,000 UK adults on the impact of inflation

    Inflation hits retirement plans of 3 in 4 over 55s

  • Steven Cameron, pensions director at Aegon

    Client priorities shift amid cost-of-living crisis

  • Steve Webb, partner at LCP and former Pensions Minister

    Pension savers triggering MPAA via withdrawals to cover cost of living

  • Older workers had higher levels of financial reserves and were able to meet their expenses for an average of 99 days

    Financial resilience falls to 19 days

  • Alistair McQueen, head of savings and retirement at Aviva

    43% of 55-64-year olds struggling financially

  • FCA logo

    FCA to assess financial resilience of firms

  • The ONS released its latest figures this morning for workers over the age of 50 who have left employment since the start of the Coronavirus pandemic

    86% of early retirees consider return to work

  • There are currently 1.9m households with no money left to save at the end of the month, an increase of 330,000 since 2020.

    Two thirds of savers cutting back

  • Stephen Lowe of Just Group

    Advisers face ‘difficult client conversations’ over cash gifts

  • Quilter CEO Paul Feeney

    Cost of living pressures hit Quilter inflows

  • Millions are worried about paying bills

    2.5m more struggling to pay bills since 2020

  • Piggy bank and calculator

    Crisis forcing parents to bring forward wealth transfer plans

  • Jackie Leiper, chief executive of the Embark Group

    Consumers resistant to reducing pension contributions

  • Canada Life surveyed 159 financial advisers during roadshow evets in September and October.

    2 in 3 clients worried about investment volatility

  • AJ Bell surveyed 2,700 customers in December.

    1 in 5 investors dip into investments to help family

  • The Office for National Statistics released its latest data this morning

    Cost of living crisis driving over 50s back to work

  • Sheldon Mills

    FCA plans more support for squeezed consumers

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