Less than one in five young workers aged 18 to 34 know where all their pension pots are, increasing the risk of losing retirement funds as they change jobs frequently. Around £31 billion is estimated to be in lost pension pots, with an average of £9,500 in each of the 3.3 million missing pensions. To find lost pensions, individuals should list previous employers, contact pension providers, and keep personal details updated to prevent losing track of funds.
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UK consumer confidence dips to lowest level since 2023 amid tariff concerns
Consumer confidence in the UK has dropped to its lowest point in over a year, with the GfK index falling four points to -23 in April. This decline is attributed to domestic tax increases, rising bills, and concerns that Donald Trump's trade wars may further escalate living costs for British households. The sentiment barometer reflects significant anxiety among consumers, marking its lowest level since November 2023. Full Article
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