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Displaying items by tag: Savings

Wednesday, 02 March 2016 10:53

Women have barely half pension savings of men

A TUC-sponsored report has found that women, carers, ethnic minorities and the self employed lag well behind behind the average man when it comes to pension saving.
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Tuesday, 17 November 2015 12:05

Leap in retirement saving among 25-74 year-olds

The proportion of 25 to 74 year olds saving for retirement has leapt up in the last two years, a report published this morning has suggested.
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A radical overhaul of the pensions and savings system should include the creation of ‘an ISA warehouse’, a Centre for Policy Studies analyst has proposed.
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Monday, 05 October 2015 09:08

4 in 5 cash lump sums paid to under 65s

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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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

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left penniless and spending their retirement in poverty, a saving provider has warned, following news that savers have withdrawn £2.5billion since the reforms took effect.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