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Pensions, savings and investments

Self-employed not paying into pensions

Only 17% of self-employed people are saving into a pension, according to the Office for National Statistics.

Millennials saving more than 35-55 year olds

The millennial generation – those who have reached adulthood in the year 2000s (18-34 years old), have twice the amount of money and half the debt as those aged 35-55.

Early pension exit charges to be capped

Chancellor George Osborne has announced an end to “prohibitive” charges faced by those accessing their pension pots.

Businesses still unclear on auto-enrolment

45% of business owners without a workplace pension scheme are still unclear about their responsibilities.

Fall in pension withdrawals

The number of people accessing their pension pots dropped in the third quarter of 2015.

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