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Pensions, savings and investments

Jargon putting over 50s off investment

The prevalence of technical jargon is preventing people over the age of 50 from investing.

Lifetime ISA exit charge scrapped

There will be no 5% exit charge on the Lifetime ISA for the first 12 months the product is available.

4.4 million more workplace pension savers since 2012

Almost 6.9 million auto-enrolled workers saved £82 billion in workplace pension schemes in 2015.

Pension cold calling ban introduced

The government is set to introduce a ban on cold callers selling investment products to people cashing in their pension pots from the age of 55.

Cap on exit pension charges introduced

The Financial Conduct Authority has detailed its final rules on capping early exit charges for people eligible to access their pensions from the age of 55.

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