Pensions Savings Investments

Fall in pension withdrawals

The number of people accessing their pension pots dropped in the third quarter of 2015.

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FSCS changes reduce deposit compensation limit

The deposit compensation limit protected by the Finance Services Compensation Scheme has been reduced to £75,000.

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Millions missing financial education

Over 15 million Britons have never received financial advice or been taught about managing their money, according to research by NS&I.

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Tax restrictions on selling annuities to be lifted

More than 5 million people will be able to sell their annuity from 6 April 2017.

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Recently retirees’ share of wealth passes the under 45s

Recent retirees now enjoy a larger share of property wealth than people under 45.

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First-time buyers set to open Help to Buy ISAs

Help to Buy ISAs are set to launch from the 1 December, aiming to help first-time buyers save a deposit for a home.

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Many expect to retire before state pension age

People in work expect to retire before they reach their state pension age, which could lead to potentially unrealistic retirement planning, according to research by Prudential.

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Millions have no saving strategy in place

11.7 million people have not been able to contribute towards their savings for a number of years.

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Workplace pensions seen as safest retirement investment vehicle

Workplace pension schemes are considered to be the safest way to invest for retirement, according to new research by the Office for National Statistics.

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Annuity sales increase for first time since 2012

Annuity sales have seen their first quarter on quarter increase for the first time in 3 years, data published by the Association of British Insurers shows.

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