Savings

Workers saving more to meet retirement goals

72% of workplace savers are expressing an interest in personalising their pension to suit retirement needs.

1 in 7 people without a private pension

1 in 7 people aged 55-65 are approaching retirement without a private or workplace pension.

Over-50s retire too early

Four in five retirees wished they had worked longer, according to research by SunLife.

‘Start saving for retirement in your 20s’, says watchdog

Which? urges consumers to save a little more for retirement

Self-employed not planning for retirement

52% of self-employed people do not have a retirement plan compared to the rest of the world.

Pensions freedoms encourage saving

14% of people are saving more into their pension pot as a direct result of the pension freedoms.

ISA allowances for 2017/18

Wednesday 5 April is the final day savers can contribute to an ISA before the allowances are reset for the new tax year.

Quarter of homeowners will need to downsize for retirement

Around 63% of homeowners favour downsizing their property to fund their retirement.

Parents to use Lifetime ISA to support children

Many parents are preparing to utilise the Lifetime ISA as a tool to encourage their children to save.

Over 55s unaware of new state pension age

A quarter of older workers over 55 are unaware of the new state pension age.

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