Average retirement incomes have hit a near three year high, a report said today.

The average stocks & shares ISA fund has grown by 15.8% during the 2016/17 tax year so far - the highest return since the 2009/10 tax year, according to Moneyfacts data.

Moneyfacts UK Savings Trends Treasury Report data highlights that all cash ISA averages have fallen below the 1% barrier for the first time on Moneyfacts records.

The record low inflation rate of 0% has continued into March, the Office for National Statistics has reported this morning.