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Pension rules should be relaxed to allow multiple drawdown arrangements within the same pension scheme to be consolidated into one, AJ Bell has said ahead of Wednesday’s Autumn Statement.
Expectations among workers that they will retire roughly four years younger than their State Pension age are unrealistic, a report has warned.
Women could be faced with a significant retirement shortfall as the gap between both attitudes towards saving and savings levels widens with men as they get older.
James Hay has added 11,000 Sipps in the first 10 months this year – nearly double that of the whole of 2014.
The proportion of 25 to 74 year olds saving for retirement has leapt up in the last two years, a report published this morning has suggested.