Pensions, savings and investments

Cash ISAs savings fall 33%

Money saved into cash ISAs fell by £19.5bn during 2016/17 tax year.

Social care faces annual deficit

Adults underestimate residential care costs by £317 a week.

Savers likely to increase pension contributions

Working adults would save more if pension contributions increased automatically.

Government cracks down on pension scams

Fraudsters face fines for coaxing savers to move pensions to fake schemes.

Workplace savings to fund ‘32% of retirement income’

People in the UK are expecting almost a third of their retirement income to come from workplace savings.

Private pensions boost retirees’ income

Private pensions helped retirees’ income nearly triple in real terms in the last 40 years.

Older women ‘worse off’ from state pension age change

Women aged between 60 and 62 are £32 per week poorer after pension age changes.

HMRC overtaxing savers on pension withdrawals

As many as 200,000 savers may have paid too much tax on one-off withdrawals.

Pension freedoms payments hit record high

200,000 people took out flexible payments worth a record £1.86 million in the 3 months to 30 June 2017.

Adults ‘overestimate retirement discounts’

Many adults may be overestimating the perks they receive to make their retirement more affordable.

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