Savings

Savers fail to review pensions

Have you reviewed your pension recently? More than a quarter of savers have never reviewed their pension, according to research by Aviva.

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Lack of financial backup planning endangering households

Taking action to secure a financial backup plan? 1 in 5 households would not survive financially if they lost their main source of income through unexpected circumstances.

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Growing number of employees not engaged with workplace pension

Fewer employees are seeking financial advice on workplace pensions while around 1.5 million people are unaware of their pension fund choices.

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Millions missing out on auto-enrolment

Are you eligible for a workplace pension scheme? Around 4.8 million employed people are still ineligible for auto-enrolment and may not be saving into a pension scheme.

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Parents loan £5 billion to children each year

Looking to help your child purchase their first home? Parents will loan an estimated £5bn in 2016, according to research from Legal & General.

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Rise of self-employed could result in retirement problems

Are you self-employed and planning for retirement? Increasing self-employment could lead to long-term retirement problems in the future.

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Pension annual allowance reduced

From 6 April 2016, people with adjusted income over £150,000 will see their annual allowance reduced by £1 for every £2 of excess income, subject to a maximum reduction of £30,000.

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ABI seeks to simplify pension language for customers

Having trouble making decisions regarding to pensions? A new guide has been launched to improve pensions terminology in order to help people better understand their retirement options.

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Consumers failing to identify signs of pension fraud

88% of people fail to identify common warning signs of pension fraud, according to a report by Citizens Advice.

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Savers lack understanding of savings options

Savers are potentially missing out due to not understanding the range of savings options available to them, according to the Skipton Building Society.

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