Savings

Pensioners losing 10% of retirement savings through charges

Pensioners could be losing up to 10% of their pension pot due to charges levied by providers.

Workers fail to plan for retirement

Setting up a financial plan for your retirement? According to research by Aegon, a third of workers do not have a retirement plan.

Savers fail to review pensions

Have you reviewed your pension recently? More than a quarter of savers have never reviewed their pension, according to research by Aviva.

Lack of financial backup planning endangering households

Taking action to secure a financial backup plan? 1 in 5 households would not survive financially if they lost their main source of income through unexpected circumstances.

Growing number of employees not engaged with workplace pension

Fewer employees are seeking financial advice on workplace pensions while around 1.5 million people are unaware of their pension fund choices.

Millions missing out on auto-enrolment

Are you eligible for a workplace pension scheme? Around 4.8 million employed people are still ineligible for auto-enrolment and may not be saving into a pension scheme.

Parents loan £5 billion to children each year

Looking to help your child purchase their first home? Parents will loan an estimated £5bn in 2016, according to research from Legal & General.

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.

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