Pensions, savings and investments

Under-30s not saving enough for retirement

70% of under-30s are not saving enough to reach their ideal retirement income.

Divorce reduces pension pot by 16%

Divorcees who are due to retire this year will be 16% worse off than married individuals.

First Lifetime ISA launches

Individuals can start saving money into a Lifetime ISA for the very first time from 8 June 2017.

Delaying retirement ‘would boost pension income’

Adults approaching retirement could add £46,388 to their savings if they defer their pension by 5 years.

Bleak retirement outlook for Millennials

1 in 10 global workers think Millennials are in the best position for a comfortable retirement.

Workers saving more to meet retirement goals

72% of workplace savers are expressing an interest in personalising their pension to suit retirement needs.

1 in 7 people without a private pension

1 in 7 people aged 55-65 are approaching retirement without a private or workplace pension.

Over-50s retire too early

Four in five retirees wished they had worked longer, according to research by SunLife.

Self-employed not planning for retirement

52% of self-employed people do not have a retirement plan compared to the rest of the world.

Pensions freedoms encourage saving

14% of people are saving more into their pension pot as a direct result of the pension freedoms.

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