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Pensions, savings and investments

Savers lack understanding of savings options

Savers are potentially missing out due to not understanding the range of savings options available to them, according to the Skipton Building Society.

New tax year brings changes for savers

The start of the new tax year signals the arrival of a range of changes to taxation for businesses and individuals.

New state pension commences

A new single-tier state pension will be introduced for those who reach their state pension age on or after 6 April 2016.

Demand for cashing in pensions “settling down”

A year on from the introduction of pension freedoms in 2015, the demand for cashing in pensions pots has begun “settling down” according to data from the Association of British Insurers.

Lifetime ISA may be unsuitable product for many

Chancellor George Osborne announced in his Budget statement a new lifetime ISA for people under the age of 40.

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