Older women at risk of running out of money as gender wealth gap widens with age Personal Finance Older women remain at risk of retiring without enough capital, despite being further into their careers, as the gender wealth gap continues to widen as they get older. Women in the UK hold 21 per cent less wealth than men, but this doubles to 42 per cent by age 64, according to the latest research [...]
Millions of parents miss out on free pension cash by overlooking this rule Millions of UK parents are missing out on hundreds in free pension cash after being left in the dark by employers about a pension rule for new parents. While most parents are aware of child benefits and junior ISAs, many are losing as much as £720 per year after overlooking a far less familiar perk. [...]
Older Brits hesitate transferring wealth amid retirement cost fears Personal Finance Older Brits are hesitant to transfer money to younger family members, despite wanting to provide financial help, as worries over affording care in later life continues to plague savers. According to research from Octopus Money, 50 per cent of UK adults would like to give family members more money in their lifetime but hold back [...]
Octopus Money CEO: Cash ISA saving can be ‘over-comforting’ June 5, 2025 Saving into cash ISAs can lead investors to become “over-comforted” with their financial situation, despite likely better choices, the CEO of Octopus Money has said. Speaking to City AM, Ruth Handcock argued that the fact that 92 per cent of Brits do not receive financial advice was “the biggest unsolved problem in financial services”. “It [...]