Retirees are spending more of their cash on gambling than working people, a report says.
Total membership of occupational pension schemes has reached the highest level since the figures were first recorded by the ONS in 1953.
The former Minister “who made pensions sexy” claims that the new LISA is “an abomination” and is more likely to prompt cash splurges on Lamborghinis than the pension freedoms have.
The Lifetime ISA appears to be “aiming to muscle out pensions”, a savings expert says, after new details were revealed.
A bright blue double decker bus driven has begun a six day tour of the UK today espousing the benefits of saving for retirement.
A new tool has been created to trace lost pensions.
About one out of five people are still failing to save anything at all towards their retirement, a report has suggested.
The new capital adequacy rules took effect this week but Sipp experts say there are still grey areas that could be problematic.
A ‘disturbing’ report has intimated that as many as 3 in 10 people using the pension freedoms have taken out funds only to put them in a bank account.
The pension is effectively becoming the new family heirloom, a Chartered Financial Planner says, as younger generations look to inherit cash rather than things.
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