Pensions Savings Investments

Demand for cashing in pensions “settling down”

A year on from the introduction of pension freedoms in 2015, the demand for cashing in pensions pots has begun “settling down” according to data from the Association of British Insurers.

Lifetime ISA may be unsuitable product for many

Chancellor George Osborne announced in his Budget statement a new lifetime ISA for people under the age of 40.

Review into state pension retirement age

The government has launched a review into the retirement age for people aged under 55.

Savers underestimating how much they need for retirement

8 out of 10 people are unaware of how much they need to save to achieve their target for retirement, according to research by Seven Investment Management.

Investors expect dividend cuts

56% of personal investors are concerned that businesses may cut their dividends, according to research by The Share Centre.

Retired household income remains steady

Retired household income was largely unaffected by the economic downturn, according to the Office for National Statistics.

Auto enrolment for Pensions

The new compulsory auto enrolment pension regulations are now in full swing and yet too many small businesses who have yet to "stage" are burying their heads in the sand

Pension ISA tax relief could lower savings

The potential pension ISA tax relief currently being considered by the government could lower savings by a sixth, according to research by the Association of British Insurers.

Self-employed not paying into pensions

Only 17% of self-employed people are saving into a pension, according to the Office for National Statistics.

Millennials saving more than 35-55 year olds

The millennial generation – those who have reached adulthood in the year 2000s (18-34 years old), have twice the amount of money and half the debt as those aged 35-55.

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