One in 10 Britons Have No Savings, UK Financial Regulator Says

One in 10 people in Britain have zero savings, FCA says

One in 10 people in Britain have zero cash savings to draw on in an emergency, according to figures published on Friday by the UK's top financial watchdog, in findings that underscore the financial vulnerability of millions.

One in 10 Britons have no savings, UK financial regulator says

Stress and anxiety among those with debts remains high but help is available, a major survey finds.

Three in five people with £10k or more hold at least 75% of it in cash

Many people are teetering on the brink of falling into debt reliance if they were to be met with a shock bill. One in ten people have no cash savings to cover them in an emergency.

Millions ‘walking financial tightrope’ as one in four adults have low resilience

The Financial Conduct Authority estimates that 24% of UK adults have low financial resilience and one in 10 has no cash savings.

The Concept of Cash Savings is Vanishing, Does The UK Have a Problem?

Interesting to see this from the FCA because for all the regulatory safeguards on banking, insurance and things like funeral plans, if people have zero cash savings that in itself surely means they are vulnerable [...] The post The Concept of Cash Savings is Vanishing, Does The UK Have a Problem? appeared first on .

Less than 9% of UK population received financial advice last year

Less than 9% of the UK population received financial advice last year, new data from the Financial Conduct Authority has revealed. The FCA's Financial Lives survey, published today, showed only 8.6% of people sought advice on investments, pensions or retirement planning in the previous 12 months.