New legislation aims to provide more transparency.
Savings
Savers say £22,500 is ideal retirement income
Ideal income equates to a moderate living standard.
Auto-enrolment threshold frozen for 2022/23
Freeze expected to bring 17,000 more employees onto the scheme.
4 in 10 workers ‘to work past state pension age’
6% of workers doubt they will ever retire.
BoE raises interest rates to 0.25%
Rates rise for the first time in more than three years.
Warning for savers as inflation hits decade-high
Prices rise at fastest rate since September 2011.
New rules to protect pension pots below £100
Proposal designed to help people with multiple pots.
Bank of England resists pressure to raise interest rates
Interest rates maintained at 0.1%.
Salary sacrifices ‘may mitigate the NICs rise’
Employees could benefit in the short-term.
37% plan to use state pension for care costs
Care costs become unaffordable for some pensioners.
Average buyer saves £1k via help-to-buy ISA
Millions may have a forgotten account they can still use.
State pensions predicted to rise by 8%
The raise would cost the Treasury £3 billion.
Treasury considers investing pension pots into startups
It comes as the Government seeks capital for recovery.
Thousands leave NHS pension scheme over tax bills
Over four years, 180,000 staff left the scheme.
£305,000 needed for a ‘comfortable’ retirement
That equates to £26,000 a year.
Passion, positivity and perfectionism
If you’re fired up about a great business idea but don’t know where to start, we can help.