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Pensions Savings Investments

State pension spending set to increase

Expenditure rises despite state pension age increases.

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Over-60s earnings income on the rise

Employment rates for older individuals ‘likely to continue rising’.

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1 in 3 retirees miss out on pension advice

Lack of advice could lead to ‘dangerous decisions’, ABI warns.

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Over-55s withdraw £25.62bn from pensions

Withdrawals hit record high since April 2015, and show no signs of slowing.

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Savers withdraw £25.62bn through pension freedoms

Increasing flexible withdrawals ‘could cause inheritance tax problems’.

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70% of small firm employees save into workplace pensions

Participation rates still fall behind medium and large businesses.

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