Pensions, savings and investments

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.

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.

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.

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.

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.

New tax year brings changes for savers

The start of the new tax year signals the arrival of a range of changes to taxation for businesses and individuals.

New state pension commences

A new single-tier state pension will be introduced for those who reach their state pension age on or after 6 April 2016.

Demand for cashing in pensions “settling down”

A year on from the introduction of pension freedoms in 2015, the demand for cashing in pensions pots has begun “settling down” according to data from the Association of British Insurers.

Lifetime ISA may be unsuitable product for many

Chancellor George Osborne announced in his Budget statement a new lifetime ISA for people under the age of 40.

Review into state pension retirement age

The government has launched a review into the retirement age for people aged under 55.

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