Savings

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.

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.

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