Pensions Savings Investments

Increased demand for new state pension statements

There is an increase in demand for new state pension statements, with 40% more people accessing their statements in the last 6 months.

Pensions tracing website launched

Looking to trace your hard-earned savings? The Pension Tracing Service has launched a new website to assist people in finding their lost pension savings.

Rise of self-employed could result in retirement problems

Are you self-employed and planning for retirement? Increasing self-employment could lead to long-term retirement problems in the future.

Pension annual allowance reduced

From 6 April 2016, people with adjusted income over £150,000 will see their annual allowance reduced by £1 for every £2 of excess income, subject to a maximum reduction of £30,000.

ABI seeks to simplify pension language for customers

Having trouble making decisions regarding to pensions? A new guide has been launched to improve pensions terminology in order to help people better understand their retirement options.

Consumers failing to identify signs of pension fraud

88% of people fail to identify common warning signs of pension fraud, according to a report by Citizens Advice.

Savers lack understanding of savings options

Savers are potentially missing out due to not understanding the range of savings options available to them, according to the Skipton Building Society.

New tax year brings changes for savers

The start of the new tax year signals the arrival of a range of changes to taxation for businesses and individuals.

New state pension commences

A new single-tier state pension will be introduced for those who reach their state pension age on or after 6 April 2016.

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.

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