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Early retirement costs UK economy £31bn a year
Early retirement and ill health are driving early exits from the workforce and having a major impact on the UK economy with an estimated £31bn in lost output annually, according to a new study.
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Pension transfer times rose during tax year end
Simpler pension transfers took an average of just 11 days to complete in the lead up to the end of the 2024/25 tax year.
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Workers in the dark about workplace pensions
Two in five, 43%, UK workers don’t know how much they are contributing to their workplace pension.
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1.5m workers can't afford to save into a pension
More than 1.5m UK workers say they cannot afford to save into a pension.
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TPT launches DC decumulation product
Workplace pension provider TPT Retirement Solutions has launched a DC decumulation product, which it said has been designed to simplify retirement income planning for savers.
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