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Pensions, savings and investments

Older retirees spend half as much as younger ones

Income spending among retirees aged over 75 declines by half compared to those aged 50-65, according to research by Aegon.

Cash ISAs used to fund retirement

Over a third of savers are using cash ISAs to fund their retirement, according to research by Alliance Trust Savings.

£7.6 billion accessed via pension freedoms

Savers have accessed over £7.6 billion from their pension pots since April 2015, according to figures by HMRC.

Pension Schemes Bill places cap on exit charges

The Pension Schemes Bill from the Department of Working Pensions includes provisions to strengthen legislation on exit charges.

State pension age consultation begins

The government is reviewing the state pension age to ensure it remains affordable and fair to everyone.

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