Pensions Savings Investments

Chancellor shakes up annuity market

Annuity holders will be able to sell their retirement income without incurring a 55% tax charge under plans announced by the Chancellor George Osborne.

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Average savings highest in a decade

British people saved more money in 2014 than in any year during the past decade, according to figures from National Savings & Investments.

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New savings rate removes tax on interest

An online calculator has been launched to help people see if they are eligible for the new 0% savings tax rate, the Chancellor has announced.

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Pension savers avoid retirement advice

Almost three quarters of over-50s are not currently planning to seek retirement advice after the government's pension reforms are introduced in April, according to research by LV=.

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Employees uncertain about pension contributions

The majority of employees on a workplace pension scheme think they should increase their pension contributions, according to a report by the Chartered Institute of Personnel and Development.

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Three quarters focus on saving

Almost three quarters of British people say they are currently saving, according to research by Scottish Widows.

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Pension saving highest in 18 years

Pension saving is at its highest level in 18 years, according to official figures.

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Staying in work could boost pension savings by a third

Workers could increase their pension savings by a third if they work 5 years beyond the state pension age, according to research by Friends Life and the Pensions Policy Institute.

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Savers not discussing pension reform plans

Less than a third of 40-70 year-olds have spoken to someone about the upcoming pension reforms, according to research by Partnership.

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Automatic workplace pension transfers from autumn 2016

Workers will be able to take their pension pots with them when they change jobs from autumn 2016, the Department for Work and Pensions has announced.

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