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A round-up of the top money and personal finance news.

Money news round-up

It’s not as bad as it is on the other side of the Atlantic, but the UK’s not enjoying the best of weather at the moment. So, there’s only one thing for it, stay indoors and catch up on the latest money and personal finance news.

1. Paying the price for green

Nearly three quarters of people would be willing to pay more for their energy if they knew it was coming from renewable sources. Research by Comparethemarket.com found, while many like the idea of going green, 80% of us are still with a Big Six energy supplier.

2. Bank complaints

PPI continues to dominate complaints against banks, according to the Financial Ombudsman. In the first six months of 2017, 89,513 complaints about PPI were received, around 11,000 more than the same period in 2016.

3. Way for the future

A quarter of UK adults are considering buying an electric car in the next five years. Research by Sainsbury’s Bank found many people had been convinced by the recent government announcement about the phasing out of petrol and diesel power.

4. Not a priority

Almost half of students have no contents insurance to protect their belongings when they’re away at university. Coop Insurance found one in ten would rather risk it than pay for cover, despite one in five being a victim of theft or attempted theft. 

5. Not so late retirement

People are retiring earlier now than in the 1950s, according to the Department for Work and Pensions (DWP). Men left the workforce at an average age of 67 in 1950, but today it’s 65. Women are retiring at roughly the same age of 63, although modern retirees are a few months younger. 

6. Dreaming of a home

Getting on the housing ladder is something many of us aspire to. But research from GoCompare found one in three renters can’t imagine ever being able to afford to buy their own home.

7. Expensive goodbye

Parents spend on average £3,662 helping their child through university, according to American Express. Food, gadgets, clothes, books and toiletries were the most common items parents bought their children. 

And finally…

Grandparents are twice as likely to give financial help to struggling millennials than their actual parents. A study by financial services provider One Family, found one in ten grandparents had given their adult grandchildren a significant cash lump sum.

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