The number of people saving adequately for retirement is the highest it has been since 2009 – standing at 53% - Scottish Widows has said.
Pension providers are not trusted to offer impartial guidance on retirement options, according to a new Which? survey.
A new directory of regulated financial advisers who specialise in retirement guidance is to be set up to help consumers looking for help as they get ready for life after work.
The new Collective Defined Contribution plans announced today by the Government, as anticipated, have brought an initially sceptical reaction from some quarters.
Retired households paid the equivalent of £45.6 billion in taxes over a year, new research has found, with the average retiree family paying out 30 per cent of annual income to the taxman.
The Office for National Statistics has projected that the number of people aged 65 and over will increase in all regions by an average of 22% between mid-2012 and mid-2022.
More than £56 million of pension funds that had been previously lost or forgotten about by British expats were recovered for them last year by deVere Group.
People who have recently taken a tax-free lump sum from their defined contribution pension will get 18 months rather than six months to decide what they wish to do with the rest of their retirement savings.
Pensions Minister Steve Webb said measures announced today will ensure pension schemes deliver value for money for savers.
The Chancellor announced a wave of tax changes to Isas, pensions and higher rate thresholds in his Budget speech this afternoon including raising the annual Isa limit to £15,000.
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