‘Next govt. should lower pensions freedoms age’

Pension freedoms should be extended to people under the age of 55, according to the Association of Consulting Actuaries (ACA). Introduced in 2015, the freedoms offered more options to over-55s when it comes to accessing their pension before retirement. In the run-up...

Self-employed women ‘not saving enough’

Around one in three female entrepreneurs could be saving next to nothing towards their retirement, a report has claimed. YouGov polled 5,036 respondents on behalf of Scottish Widows found that 35% of self-employed women had no retirement savings. The report said that...

Savers warned over property plans

Retirement savers in their mid-40s and early 50s have been urged to think twice about raiding their pension to invest in buy-to-let property. YouGov polled 2,014 over-45s on behalf of Royal London and found 15% of over-55s are considering investing in property to fund...

Thinktank floats retirement income targets

The pensions industry is being urged to bring in retirement income targets to help savers maintain their quality of life. The Pensions and Lifetime Savings Association (PLSA) wants living standards to be implemented to give savers realistic goals for retirement...

Inflation boosts lifetime allowance

Retirees stand to benefit from a £20,000 boost to the lifetime allowance in 2020/21, according to official figures. The Office for National Statistics revealed that the rate of inflation, determined by the Consumer Prices Index (CPI), remained at 1.7% in September...