Parents looking forward to financial freedom after their children graduate could be in for a nasty shock, according to new research from engage Mutual Assurance.

Only 24 of over 100 savings providers have so far passed the recent interest rate increase on to savers.

Only 24 of over 100 savings providers have so far passed the recent interest rate increase on to savers.

People over 50 are setting a great example to younger generations by leading the charge in savings, according to the latest research from Birmingham Midshires’ ‘Saving Britain’ campaign.

People over 50 are setting a great example to younger generations by leading the charge in saving, according to the latest research from Birmingham Midshires’ ‘Saving Britain’ campaign.

The grey pound is providing a major boost to Child Trust Fund (CTF) savings pots, with more grandparents adding lump sums than parents.

Household savings have hit £12.9bn – the highest level since 1997, according to the latest figures.