Displaying items by tag: pensions
FCA to alert pension savers to cash savings risk
The FCA is to push ahead immediately with plans to warn pension savers of the corrosive effect of inflation on cash savings.
Autumn Statement: Hunt honours State Pension Triple Lock
Chancellor Jeremy Hunt has confirmed that the State Pension will rise in line with September's CPI inflation rate of 10.1%.
Nearly 11m investing in auto-enrolment pensions
A total of over £114bn has been invested in Automatic Enrolment pensions by nearly 11m people since they were first launched 10 years ago, new government figures published today show.
1 in 4 savers stopping workplace pension contributions
One in four adults have stopped or are planning to stop contributing to their workplace pensions in order to keep up with rising living costs, a new study has found.
Only 8% of consumers know what 'SIPP' means
Three quarters of consumers have no idea what pension acronyms such as SIPP or ESG mean, according to a new study.
Pension savers have nearly £27bn in lost pensions
The total value of ‘lost’ pension pots has jumped by over £7bn to nearly £27bn in four years, according to a new report.
Only 13% of divorcing couples split pensions
Pensions are split between couples in less than one in eight (13%) divorces, according to new research by wealth manager St James’s Place (SJP).
Notice period for Pensions Dashboards is extended
The pensions industry has been given more time to prepare for the Pensions Dashboards next year.
PLSA warns 1 in 5 pension savers may halt or cut payments
A fifth of pension scheme members are considering cutting or halting their contributions to help them meet the cost of living crisis, according to a new survey by the PLSA.
Divorce rise set to spur need for pensions advice
Easier divorce rules have fuelled a jump in online applications from couples splitting with this set to continue, a Freedom of Information request has revealed.