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Property wealth outstrips pension savings for many

46% of over 45s and 58% of those aged 45-54 see their property wealth as a key part of achieving their desired level of retirement income. 

Aviva’s Real Retirement Report 2016 finds that 69% of homeowners own a home that is currently worth more than their pension savings and investments.

Those who plan to downsize expect to release £57,140 in the process.

Other...

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Low awareness of funding options among businesses

Knowledge of the different funding options available for businesses is low, despite over half applying for finances in 2015.

A British Chambers of Commerce (BCC) survey of 1000 businesses shows that many have “significantly” lower awareness of financial products such as P2P funding and trade finance, as compared with traditional products such as loans and overdrafts.

93% of firms...

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Increase in private renter satisfaction

Private renters’ satisfaction with their tenancies has increased over the last 10 years, according to the Department for Communities and Local Government.

The government figures show that satisfaction rose from 48% in 2004/05 to 65% in 2014/15, with 82% content with their privately rented accommodation.

There are currently around 9 million private tenants in England.

The...

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Brexit round-up: Hammond could reset economic policy

It’s been a month since the vote to leave the EU, Theresa May has had her first meetings as prime minister with Eurozone leaders. In France, president Francois Hollande urged Brexit talks to begin as soon as possible and that accessing the single market would mean accepting ‘freedom of movement’. 

Here is a round-up of some of the top Brexit–related stories this week.

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Employment grows but skills shortage still a concern

The unemployment rate has fallen to its lowest since July 2005, according to the Office for National Statistics (ONS).

The number of people in work rose by 176,000 to 31.7 million while those out of work fell by 54,000 between March and May 2016.

A Confederation of British Industry (CBI) survey of 500 companies with over 3 million employees collectively found that there is...

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