Pensions Savings Investments

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.

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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.

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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.

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FCA announces early exit charge cap proposal

The Financial Conduct Authority is consulting on a 1% cap on early exit charges for accessing contract-based pensions.

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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.

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Increased demand for new state pension statements

There is an increase in demand for new state pension statements, with 40% more people accessing their statements in the last 6 months.

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Pensions tracing website launched

Looking to trace your hard-earned savings? The Pension Tracing Service has launched a new website to assist people in finding their lost pension savings.

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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.

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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.

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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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