Increasing flexible withdrawals ‘could cause inheritance tax problems’.
Savers withdraw £25.62bn through pension freedoms
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Savings
Quarter of women over 55 have no private pension
One in five are “worse off than they expected to be”.
70% of small firm employees save into workplace pensions
Participation rates still fall behind medium and large businesses.
Employers’ pension contributions rise to 3%
Combined employer-employee contributions increase to 8%.
Green light given to pensions dashboards
Most pension schemes to be included within three to four years.
Retirees seek advice on pension options
Retirees seek advice on pension options
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