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A round-up of this week's top money and personal finance news.

In the news - this week’s top money stories

The UK was battered by Storm Doris this week, but this hasn’t stopped the whirlwind of personal finance news. So take a minute to catch up on this week’s top money news.

1. Don’t auto-renew

Motorists waste £1.5 billion a year by allowing their insurance policies to auto-renew, rather than shopping around for a better deal, according to Gocompare. Around 5.25 million motorists fall into this trap, with younger drivers the most likely to be caught out.

2. Little in the bank

Families on low incomes have just £95 in savings, according to research by Aviva, the lowest level in 18 months. Nearly half of families (43%) are worried about rising prices and inflation increases.

3. Future planning

Millennials are gaining confidence when it comes to investing, according to data from The Share Centre. There has been a 57% increase in money being put into ISAs by 18 to 36 year olds so far in 2017, compared to the same period last year.

4. Living longer

We’re all living longer and could soon expect to live till 90, according to new medical research. This means it is more important than ever to start planning for your retirement earlier.

5. Haggling online

Baby boomers get the best deals on the high street, but the younger generation are better online. According to a study by TopCashback, millennials who barter online have a 91% success rate.

And finally…

How much is in your pockets when you leave the house in the morning? Well according to research by Towergate Insurance, the average London-bound commuter train is carrying £1 million of personal possessions. On the busiest tube lines, this figure goes up to £1.4m. 

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