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Pensions, savings and investments

Final salary pensions under threat

A half of the final salary pension schemes still in operation in the private sector face closure by 2012.

Savers getting excellent real returns

Savers are currently enjoying some of the best returns on their money in nearly 20 years, it has been argued.

HMRC wins access to offshore bank account details

Over 300 banks and financial institutions will be obliged to hand over details of their customers’ offshore accounts to the tax authorities.

No plans for raising retirement age still further

The government has insisted that there is no need to up the state pension retirement age beyond the increase to 68 planned for 2044.

Savers see higher returns

Competition among banks and building societies in their efforts to attract new customers has pushed up the general level of interest rates on savings accounts.

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