Savings

New tax-free savings limits for the over-50s

Savers aged over 50 now have the chance to invest more in tax-free ISA savings accounts.

Employers given more time to prepare for pension reforms

The government’s pension scheme for lower income employees is not to be introduced fully until 2016, a year later than originally planned.

Ruling goes against retirement age legal challenge

Employers will still have the right – for now – to ask employees to retire at the age of 65 following a judgement in the High Court.

Pensions levy needs to be responsive to economic conditions

The levy raised by the Pension Protection Fund (PPF) in order to safeguard the savings of pension scheme members is running the risk of hampering the economic recovery.

Pensions should lose inflation protection

The government has been urged to review a rule that boosts incomes from final salary pension schemes by the rate of inflation each year.

ISAs give older savers chance to increase tax-free savings

Anyone aged over 50 will be able to invest more in tax-free ISA savings accounts as of next month.

Majority not putting enough aside for retirement

New research has found that over a half of people are failing to save adequately for their retirements.

Existing ISA savers may miss out on higher rates

A number of banks and building societies are preparing for changes to ISA allowances by introducing higher rates of return in an effort to attract new savers.

Defined benefit pensions under growing pressure

Almost one in five defined benefit pensions schemes have been closed to employees who are already members, a new survey has found.

Stakeholder pensions could be approaching 'obsolescence'

Sales of stakeholder pensions have fallen by 28 per cent in the last year, prompting speculation that the schemes are nearing the end of their usefulness.

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