Savings

Savers to have more control over pension investments

Pension providers will be required to reveal impact of investments.

UK ‘the third most prepared nation for retirement’

Australia ranks highest of 32 countries in Pensions World Cup.

Retired homeowners not accessing property wealth

6 in 10 over-50s don’t plan to move house.

Retirees take cautious approach to drawdown

Pensioners draw down 31% of wealth on average.

Under-30s see rise in pension savings

21% of young people still not saving for retirement.

3 in 5 SMEs miss out on business savings interest

65% fail to shop around for savings providers.

Parents lending less to help kids buy a home

Average gift from Bank of Mum and Dad falls to £18,000.

Lack of financial protection puts households at risk

Fewer than 1 in 10 people have critical illness cover.

Opperman hints at auto-enrolment via tax returns

Pensions minister considers workplace pension for the self-employed.

Over-50s rethink retirement plans

1 in 4 alter plans following state pension changes.

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