Savings

1 in 7 people without a private pension

1 in 7 people aged 55-65 are approaching retirement without a private or workplace pension.

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Over-50s retire too early

Four in five retirees wished they had worked longer, according to research by SunLife.

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‘Start saving for retirement in your 20s’, says watchdog

Which? urges consumers to save a little more for retirement

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Self-employed not planning for retirement

52% of self-employed people do not have a retirement plan compared to the rest of the world.

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Pensions freedoms encourage saving

14% of people are saving more into their pension pot as a direct result of the pension freedoms.

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ISA allowances for 2017/18

Wednesday 5 April is the final day savers can contribute to an ISA before the allowances are reset for the new tax year.

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Quarter of homeowners will need to downsize for retirement

Around 63% of homeowners favour downsizing their property to fund their retirement.

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Parents to use Lifetime ISA to support children

Many parents are preparing to utilise the Lifetime ISA as a tool to encourage their children to save.

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Over 55s unaware of new state pension age

A quarter of older workers over 55 are unaware of the new state pension age.

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Average self-employed private pension savings half of employees

Average pension savings for self-employed people is half that of full-time employees.

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