Almost a quarter (22%) of UK savers prefer to keep all their money in cash rather than investing it, according to new research.

More than 3m pensioners keep all of their ISA savings in cash, a Freedom of Information request has revealed.

The Financial Conduct Authority is planning major reform of the easy access cash savings and cash ISA markets to provide a better deal for savers.

It has been revealed that nearly 20% of parents and grandparents hide their savings at home or in secret places, new research has found.