Displaying items by tag: Savings

Monday, 05 October 2015 09:08

4 in 5 cash lump sums paid to under 65s

Yvonne Braun, director of Long-Term Savings Policy at the ABI

The Association of British Insurers has revealed that around 80% of cash lump sum withdrawals were made by people who had not reached 65 years of age.

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Tuesday, 29 September 2015 12:17

Consumers say tax relief unimportant in pension decisions

New research has highlighted the extent of confusion about the UK pensions and savings system and how unimportant tax relief is to individuals’ decision making.

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Thursday, 10 September 2015 11:14

Workplace pension saving is surging, report finds

Lynn Graves, corporate pensions expert at Scottish Widows

Employer contributions are crucial to boosting pension savings for over half (54%) of those enrolled in a defined contribution pension scheme in the UK, new research has revealed.

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Thursday, 03 September 2015 12:17

'Thousands of pensioners could be left penniless'

Thousands of pensioners could be left penniless and spending their retirement in poverty, a saving provider has warned, following news that savers have withdrawn £2.5billion since the reforms took effect.

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Tuesday, 01 September 2015 11:42

One in ten retirees have £100k worth of debts - report

Debts of as much as £100,000 are following people into their life after work, a report on retirement planning has shown.

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Friday, 24 April 2015 11:21

Retirees planning new firms thanks to pension freedoms

10% of retirees look set to open their pension piggy banks to start up a new business

About 10% of soon to be retirees plan to capitalise on the pension reforms to start a small business or go into consultancy, research suggests.

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Thursday, 09 April 2015 10:53

Nearly 90% of people say retirement saving a low priority - survey

A survey of 2000 consumers has revealed that 89% do not consider saving for retirement a priority. The survey also estimates that 15m people are not saving at all.

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Wednesday, 17 December 2014 11:37

Probe into legacy schemes shows high charge for £26bn of savings

Nearly £26bn of pension savings are "potentially exposed" to annual management charges of above 1%, a report has found.

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Monday, 20 October 2014 11:56

'Britain sleepwalking towards impoverished retirement'

Britain is "sleepwalking towards an impoverished retirement" due to a major shortfall in retirement savings, a firm behind a year long study has warned.

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Friday, 03 October 2014 10:58