The number of savers making contributions over the annual allowance of £60,000 surged 34% in the last tax year, according to new data.
SIPP contributions have soared since President Trump’s tariff announcement, according to Hargreaves Lansdown figures.
Annuity incomes have surged to a 16-year high as the market booms, according to the latest data from Hargreaves Lansdown’s annuity search engine.
The average household is £31,546 short in their savings of the amount needed to give them a moderate standard of living in retirement, four times higher than five years ago.
The turmoil in the bond markets has caused annuity incomes to soar by almost 50% in the last three years, new data shows.
One in five (19%) people don’t know much they and their employer is contributing to their pension.
Most retired people have numerous regrets when it comes to retirement planning, including failing to put a plan together early enough in life.
After several delays, platform and major SIPP provider Hargreaves Lansdown (HL) has today accepted a £5.4bn private-equity backed consortium offer for the company.
The cost of a moderate retirement income is £25,000 per year for a single person and £36,480 for a couple, according to data from Hargreaves Lansdown’s savings and resilience barometer, published today.
Nine in ten SIPP millionaires investing with Hargreaves Lansdown are men, according to new research from the firm.