Number of regular savers rises by 5.5%

The survey of 1,500 people reveals 58% are saving on a regular basis, an increase of 5.5% from July, and just under half of those saving say they are doing so for retirement, an increase of 6% from July. However, just 33% of those questioned are satisfied with the level of their retirement planning and Standard Life suggests this could be explained by the fall in popularity of specific investment vehicles. Personal pensions have fallen in popularity by 18%, while the popularity of self-investment personal pensions (Sipps) has dropped by 21%. People’s own homes and buy-to-let property ...