One in three savers doesn’t know how to fight inflation – are you one of them?

New research commissioned by Zurich suggests that just over a third of savers are unsure of how to protect their money against rising inflation. The survey was carried out by YouGov, and asked 4,000 UK adults what they thought the best way to beat inflation was. The results showed that the most popular methods to beat inflation were: Investing in property (27%) Cash ISAs (13%) Stocks & Shares ISAs (7%) Bank and building society accounts (6%) Investing in the stock market (4%) Pension savings (3%) Other (3%) 37% of people said that ...

The magnificent seven: The different types of ISAs explained

Countdown SevenIndividual Savings Accounts were introduced in the late 1990s and replaced PEPs (Personal Equity Plans) and TESSAs (Tax-Exempt Special Savings Account). Since then, they have become by far the most popular way of savings and investing, but have also expanded in number; there are now seven different types of ISA. You would be forgiven if this bewildering array of ISAs leaves you confused. So we thought a quick, at a glance guide, to the seven different types of ISA would be useful. #1: The original ISA This option allows anyone over the age ...

Our love affair with ISAs continues

two red balloonsNew figures reveal that that our love affair with ISAs continues, despite low interest rates, which show no sign of increasing anytime soon. The figures, published by HMRC, show that: The number of ISAs taken out in the 2015/16 tax year fell slightly, to 12.7 million, down from 13 million in the year before However, the average amount saved or invested into ISAs rose by 5% to £6,338; only 9% of people subscribed the maximum amount In total £80 billion was salted away into ISAs in the last tax-year ...

Do you have unrealistic retirement expectations?

Performance evaluation paper with smileysPredicting your income in retirement is tricky at the best of times, even with the help of a financial adviser it can be fraught with difficulties. The results of research conducted by Consumer Intelligence on behalf of Investec Wealth & Investment are therefore hardly surprising. Unrealistic retirement expectations The study found that higher earners, with incomes of over £50,000, expect their private pension to provide an income in retirement equivalent to 44% of their pre-retirement salary. However, the research also showed that this expectation is unrealistic with the actual income ...