Pensions Savings Investments

Adults ‘overestimate retirement discounts’

Many adults may be overestimating the perks they receive to make their retirement more affordable.

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Government raises state pension age

People born between 6 April 1970 and 5 April 1978 will have to work an extra year.

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Adults not saving enough on regular basis

56% of adults feel they are not saving enough of their pre-tax income each month.

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Under-30s not saving enough for retirement

70% of under-30s are not saving enough to reach their ideal retirement income.

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Parents-to-be saving into Junior ISAs

Saving for your child’s future using Junior ISAs.

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Divorce reduces pension pot by 16%

Divorcees who are due to retire this year will be 16% worse off than married individuals.

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22% of over-55s opt out of auto-enrolment

Those nearer to retirement are 3 times more likely to opt out of workplace pensions.

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First Lifetime ISA launches

Individuals can start saving money into a Lifetime ISA for the very first time from 8 June 2017.

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Delaying retirement ‘would boost pension income’

Adults approaching retirement could add £46,388 to their savings if they defer their pension by 5 years.

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Retirees fear savings will dry up

35% of retirees worry about running out of money before they die.

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