First-time buyers struggle with mortgage jargon

The process of buying a first home is being made more difficult for many prospective buyers, who struggle to understand the terminology surrounding housing and mortgages. Aldermore polled 1,501 people looking to buy a first home, and found that 52% of prospective...

FCA proposes rules to improve pension investments

The Financial Conduct Authority (FCA) has proposed new measures to prevent savers from missing out on retirement income when they access pension freedoms. The proposals would require pension providers to offer a range of ready-made investment solutions to customers...

Average cost of life goals totals £566k

For the average person, achieving major life milestones such as buying a house, having children and saving for retirement costs a total of £566,659, research shows. According to calculations by Royal London, it would take 25 years for someone on the median graduate...

Pensions cold-calling ban takes effect

A ban on cold-calling about pensions has come into effect, as of 9 January 2019. Cold-calling is a common tactic used by scammers to commit pensions fraud, with an estimated 8 scam calls being made every second - or 250 million a year. The ban was originally announced...

Divorced women miss out on pension wealth

Many divorced women are ending up as the "poor relations" when it comes to division of assets, according to research. Royal London claims divorced women end up with less than half the property wealth of married couples and less than a third of the average pension...