The “Financial Lives” survey by the Financial Conduct Authority (FCA) makes for fascinating, if somewhat scary, reading. An in-depth investigation into the financial security of people across different age groups in the UK indicates the extent to which many of us are unprepared for the future, and are often in the dark when it comes to taking financial advice.
Work to a plan
Among a series of eye-opening statistics, the survey reveals that 31 percent of UK adults have no private pension provision and will therefore be forced to rely on the state once they reach retirement age. At a time of widespread political uncertainty and instability, this should be of concern to us all, whether we are thinking about our own future or that of a loved one.
A bigger picture
The data gathered in the survey is based on almost 13,000 online and face-to-face interviews, and reveals an accurate portrait of the state of Britons’ finances. The findings are used by the FCA to inform us of its consumer protection activities.
This story is from the April 2018 edition of Reader's Digest UK.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 2018 edition of Reader's Digest UK.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
EVERY SECOND COUNTS: TIPS TO WIN THE RACE AGAINST TIME
Do you want to save 1.5 seconds every day of your life? According to the dishwasher expert at the consumer organisation Choice, there’s no need to insert the dishwashing tablet into the compartment inside the door.
May Fiction
An escaped slave's perspective renews Huckleberry Finn and the seconds tick down to nuclear Armageddon in Miriam Sallon’s top literary picks this month
Wine Not
In a time of warning studies about alcohol consumption, Paola Westbeek looks at non-alcoholic wines, how they taste and if they pair with food
Train Booking Hacks
With the cost of train travel seemingly always rising, Andy Webb gives some tips to save on ticket prices
JOURNEY TO SALTEN, NORWAY, UNDER THE MIDNIGHT SUN
Here, far from the crowds, in opal clarity, from May to September, the sun knows no rest. As soon as it’s about to set, it rises again
My Britain: Cheltenham
A YEAR IN CHELTENHAM sees a jazz festival, a science festival, a classical music festival and a literature festival. Few towns with 120,000 residents can boast such a huge cultural output!
GET A GREEN(ER) THUMB
Whether you love digging in the dirt, planting seeds and reaping the bounty that bursts forth, or find the whole idea of gardening intimidating, this spring offers the promise of a fresh start.
Under The GRANDFLUENCE Suzi Grant
After working in TV and radio as an author and nutritionist, Suzi Grant started a blog alternativeageing.net) and an Instagram account alternativeageing). She talks to Ian Chaddock about positive ageing”
Sam Quek: If I Ruled The World
Sam Quek MBE is an Olympic gold medalwinning hockey player, team captain on A Question of Sport and host of podcast series Amazing Starts Here
Stand Tall, Ladies
Shorter men may be having their moment, but where are the tall women?
