Pensions Savings Investments

Tax-free pensions advice allowance introduced

Starting your retirement plan? Savers will be able to withdraw up to £1,500 from their pension pot tax-free to pay for financial advice from April 2017.

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Over 55s saving majority of inheritance

The average amount of inheritance received is £119,000.

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Many still unaware of Lifetime ISA

Many people are unaware of the Lifetime ISA and how it works, 2 months before its official launch.

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21% lose track of multiple pensions

21% of people with multiple pension pots have misplaced one or all of their retirement savings.

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Half of adults want to retire before state pension age

When would you like to retire? 48% of working adults would like to before they reach stage pension age.

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Pensions committee sets out DB recommendations

What defined benefit changes has the committee put forward?

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Jargon putting over 50s off investment

The prevalence of technical jargon is preventing people over the age of 50 from investing.

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Lifetime ISA exit charge scrapped

There will be no 5% exit charge on the Lifetime ISA for the first 12 months the product is available.

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4.4 million more workplace pension savers since 2012

Almost 6.9 million auto-enrolled workers saved £82 billion in workplace pension schemes in 2015.

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Pension cold calling ban introduced

The government is set to introduce a ban on cold callers selling investment products to people cashing in their pension pots from the age of 55.

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