Pensions

PENSIONS

New study reveals UK savers are sleepwalking into retirement six years on from Pensions Freedoms

New study reveals UK savers are sleepwalking into retirement six years on from Pensions Freedoms

Nearly six years on from the introduction of Pension Freedoms, new research has shown that older savers are sleepwalking into retirement and risk running out of all their Defined Contribution pension savings with a third of their retirement still ahead, meaning they could  spend their final years reliant on the state pension.

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Majority of UK adults who have a pension remain committed to saving for a pension despite despite Coronavirus crisis

Majority of UK adults who have a pension remain committed to saving for a pension despite despite Coronavirus crisis

The majority (82 per cent) of UK retirement savers do not appear to have made any changes to their pension, despite the fact more than four in ten workers (45 per cent) have been impacted by the coronavirus pandemic in some way, a new survey has indicated.