Pensions, savings and investments

Annuity sales continue sharp decline

Purchases tumble further following the introduction of pension freedoms in 2015.

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‘Use pension savings to fund start-ups’

Institute of Directors hopes pension pots can start new businesses.

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Fraudsters turn to anti-scam messages

New generation of scam sites target vulnerable savers.

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Cash ISAs savings fall 33%

Money saved into cash ISAs fell by £19.5bn during 2016/17 tax year.

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Social care faces annual deficit

Adults underestimate residential care costs by £317 a week.

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Savers likely to increase pension contributions

Working adults would save more if pension contributions increased automatically.

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Government cracks down on pension scams

Fraudsters face fines for coaxing savers to move pensions to fake schemes.

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Workplace savings to fund ‘32% of retirement income’

People in the UK are expecting almost a third of their retirement income to come from workplace savings.

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Private pensions boost retirees’ income

Private pensions helped retirees’ income nearly triple in real terms in the last 40 years.

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Older women ‘worse off’ from state pension age change

Women aged between 60 and 62 are £32 per week poorer after pension age changes.

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