Pensions Savings Investments

8 out of 10 people are unaware of how much they need to save to achieve their target for retirement, according to research by Seven Investment Management.

56% of personal investors are concerned that businesses may cut their dividends, according to research by The Share Centre.

Retired household income was largely unaffected by the economic downturn, according to the Office for National Statistics.

The potential pension ISA tax relief currently being considered by the government could lower savings by a sixth, according to research by the Association of British Insurers.

Only 17% of self-employed people are saving into a pension, according to the Office for National Statistics.

The millennial generation – those who have reached adulthood in the year 2000s (18-34 years old), have twice the amount of money and half the debt as those aged 35-55.

Chancellor George Osborne has announced an end to “prohibitive” charges faced by those accessing their pension pots.

45% of business owners without a workplace pension scheme are still unclear about their responsibilities.

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

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