Industry jargon deters nearly 55% of people from investing, according to a new survey.

Data from the FCA has revealed that 55% of savers with more than £10,000 in investible assets keep all or most of their money in poorly-paying cash accounts.

The Coronavirus pandemic is encouraging more under-55s to seek financial advice.

People are saving more and spending less as the impact of the Coronavirus outbreak hits personal finances, according to analysis by the Economic Research Council.