Pensions Savings Investments

Simple Assessment introduced for state pensioners

2 types of people no longer need to complete a self-assessment tax return.

Annuity sales continue sharp decline

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

‘Use pension savings to fund start-ups’

Institute of Directors hopes pension pots can start new businesses.

Fraudsters turn to anti-scam messages

New generation of scam sites target vulnerable savers.

Cash ISAs savings fall 33%

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

Social care faces annual deficit

Adults underestimate residential care costs by £317 a week.

Savers likely to increase pension contributions

Working adults would save more if pension contributions increased automatically.

Government cracks down on pension scams

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

Retirement and the state pension

Changes to the state pension age and the impact on retirement.

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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