9.5m saving into workplace pensions

The number of UK employees contributing to a workplace pension increased by around a quarter in the 5 years to 2017, according to new data from the Office for National Statistics (ONS). In 2017, 73% of employees were enrolled in a workplace pension scheme - up from...

Over-55s face downsizing challenges

The number of ‘last-time buyers’ who want to downsize their home has increased from 32% to 39% in the past 3 years, research by Legal & General  shows. The study defines a last-time buyer as a homeowner aged 55 or over, whose household is under-occupied, with...

More pension savers adopt prudent approach

An increasing number of people over 50 are unwilling to take any financial risk with their pension savings, research from Retirement Advantage shows. In a study of 1,003 over-50s who had yet to retire, 39% said they wouldn't take any financial risk with their pension...

State pension gender gap narrows in 2017

Men receive an average of £28,995.20 more than women from the state pension over a 20-year retirement, analysis shows. Consumer watchdog Which? analysed data from the Department for Work and Pensions, and found the average man gets £27.88 more a week in the state...

Self-employed concerned about pensions

Saving for retirement is one of the biggest concerns facing self-employed workers, according to research. A survey of 1,000 self-employed workers by Demos on behalf of the Independent Professionals and the Self Employed found that 46% were "very" or "fairly" concerned...