Retirement hopes hit by 'sinister' impact of longer-term mortgages

Everyone knows that the cost of living crisis is having an impact on some people's ability to save for the long term, whether that's for retirement or just the shorter term. Rising bills, increasing mortgage costs or childcare fees and higher interest rates mean that many people's budgets have been squeezed. For example, the latest Financial Lives survey from the Financial Conduct Authority (FCA) found that almost a quarter of people have used savings or investments to cover their day-to-day costs and 44% have either stopped saving or investing or reduced their amounts. But there is a...