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A round up of this weeks top money and personal finance news

In the news - This week’s top money stories

It has been a golden week. Medals have been pouring in at the Olympics in Rio and the UK has been basking in sunshine. Between topping up the tan and seeing who’s topping the medal table, you might have missed this week's top money and personal finance news. So take a minute to catch up.

1. A-level results week

Thousands of teenagers anxiously waited for their A-level results this week and were finally put out of their misery on Thursday. University admissions were up 3%, according to UCAS, but a report from Barclays and the Centre for Economics and Business Research (CEBR) found apprenticeships are better than degrees in some industry sectors.

2. A year of the new pension freedoms

Congratulations are in order for pensioners, with the majority choosing not to spend their pension pots on Lamborghinis and luxury holidays. In the first full year of the new pension freedoms, 57% of withdrawals were for less than 1%.

3. Price increase for commuters

It was bad news for commuters this week, with regulated fares set to go up by 1.9% next year. In fact, rail fares might have increased twice as fast wages since 2010, according to research by the Trades Union Congress (TUC).

4. London debt capital of UK

Knock on effects of debt cost London £1.4 billion a year, according to research by debt charity StepChange. On average, the charity’s clients have £11,980 of debt, while in London this figure is 3.5% higher.

5. Online shopping going missing

A staggering £250 million worth of online shopping never got delivered to the customer in the last year, according to research by Direct Line Home Insurance. Over 3.5 million people had packages go missing in the last 12 months, with an average value of £68.

And finally…

Boys! Want to know the secret to happiness. Marry someone who earns more than you! According to research by the University of Connecticut, men’s overall health scores fell when they are the main bread winner, while being the sole earner has a positive effect on women's health. 

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