Pensions, savings and 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.

Many still unaware of Lifetime ISA

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

21% lose track of multiple pensions

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

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.

Jargon putting over 50s off investment

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

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.

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.

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.

Cap on exit pension charges introduced

The Financial Conduct Authority has detailed its final rules on capping early exit charges for people eligible to access their pensions from the age of 55.

Pension triple lock should be scrapped, say MPs

The state pension triple lock which protects the income of pensioners should be abolished, according to the Work and Pensions Committee.

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