Savings

Savers withdraw £25.62bn through pension freedoms

Increasing flexible withdrawals ‘could cause inheritance tax problems’.

Quarter of women over 55 have no private pension

One in five are “worse off than they expected to be”.

70% of small firm employees save into workplace pensions

Participation rates still fall behind medium and large businesses.

Employers’ pension contributions rise to 3%

Combined employer-employee contributions increase to 8%.

Green light given to pensions dashboards

Most pension schemes to be included within three to four years.

Retirees seek advice on pension options

Retirees seek advice on pension options

Pension income stalls over eight years

Average income stands at £304 per week.

Simpler pension statements

The DWP tells providers to produce clearer pension documents.

DWP launches mid-life MOT website

Service offers advice on money, work and health.

First-time buyers struggle with mortgage jargon

9 in 10 say it’s difficult to buy a first home.

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