Pensions, savings and investments

Companies spend more on pension contributions for older workers

Running a business? Companies are spending £42 billion more a year on defined benefit pension scheme contributions for the oldest third of pension scheme members.

Lifetime ISA savers could face higher charges

Looking to use the Lifetime ISA? Savers could be faced with higher charges, reducing the value of their pots by 13%.

1.4 million businesses still set to start auto-enrolment

Is auto-enrolment proving a challenge for your businesses? Around 1.4 million businesses are still due to begin the process between now and 2018.

Pensioners losing 10% of retirement savings through charges

Pensioners could be losing up to 10% of their pension pot due to charges levied by providers.

Workers fail to plan for retirement

Setting up a financial plan for your retirement? According to research by Aegon, a third of workers do not have a retirement plan.

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.

FCA announces early exit charge cap proposal

The Financial Conduct Authority is consulting on a 1% cap on early exit charges for accessing contract-based pensions.

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.

Increased demand for new state pension statements

There is an increase in demand for new state pension statements, with 40% more people accessing their statements in the last 6 months.

Pensions tracing website launched

Looking to trace your hard-earned savings? The Pension Tracing Service has launched a new website to assist people in finding their lost pension savings.

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