The UK average property price is now a record £212,494 - up 5.6% annually and 1.4% on the month, according to the latest Housing Market Monitor.
One third (33%) of over 55s do not plan to invest their money once they retire, and nearly half who do (49%) said they intend to save in a cash ISA, despite there being a limit to how much can be saved per tax year.
CGT and tax relief on pensions contributions for higher earners could be in the spotlight on the July 8 Budget. David Cameron has promised a tax freeze on income tax, national insurance contributions and VAT, and therefore has restricted scope to raise additional tax revenues.
Despite the majority of parents saying their top financial priority is to ensure their children are looked after if they were unable to work due to death or illness, less than a third of parents have any critical illness cover in place (28%), and even fewer have income protection (19%) or family income benefit (13%).
Two-thirds (66%) of advisers have said their clients are 'concerned' about the potential cost of funding long-term care, according to a survey. The survey also found that 71% of advisers believe their clients are planning on working longer and retiring later in life.