Pensions, savings and investments

Savers withdraw £25.62bn through pension freedoms

Increasing flexible withdrawals ‘could cause inheritance tax problems’.

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Quarter of women over 55 have no private pension

One in five are “worse off than they expected to be”.

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70% of small firm employees save into workplace pensions

Participation rates still fall behind medium and large businesses.

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Green light given to pensions dashboards

Most pension schemes to be included within three to four years.

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Oblivious workers over 65 ‘being taxed on their state pension’

Over-65s can receive an extra 5.8% in pension income by deferring.

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