Savings

Consumers failing to identify signs of pension fraud

88% of people fail to identify common warning signs of pension fraud, according to a report by Citizens Advice.

Savers lack understanding of savings options

Savers are potentially missing out due to not understanding the range of savings options available to them, according to the Skipton Building Society.

New tax year brings changes for savers

The start of the new tax year signals the arrival of a range of changes to taxation for businesses and individuals.

New state pension commences

A new single-tier state pension will be introduced for those who reach their state pension age on or after 6 April 2016.

Demand for cashing in pensions “settling down”

A year on from the introduction of pension freedoms in 2015, the demand for cashing in pensions pots has begun “settling down” according to data from the Association of British Insurers.

Lifetime ISA may be unsuitable product for many

Chancellor George Osborne announced in his Budget statement a new lifetime ISA for people under the age of 40.

Job costs add up to £91 billion a year

Workers spend a total of £91 billion a year on costs related to their jobs, according to research from Santander.

Parents unaware of support available

50% of first-time mothers are unaware of the government’s childcare policies and the support available to them, according to a Social Mobility and Child Poverty Commission survey.

Savers underestimating how much they need for retirement

8 out of 10 people are unaware of how much they need to save to achieve their target for retirement, according to research by Seven Investment Management.

Investors expect dividend cuts

56% of personal investors are concerned that businesses may cut their dividends, according to research by The Share Centre.

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