News
Two-fifths of workers unaware of employer pension contributions – SMF
The SMF called for a “pension health check” scheme to be brought in alongside pensions dashboards to help deal with the retirement under-saving crisis.
Retirement savings
News
Most self-employed and freelancers fail to save for retirement, finds Aviva
Among self-employed workers, 23% plan to start saving soon, while 32% are not taking any steps.
Pensions & Retirement
Halving socialising spend could boost retirement pot by £173,000, research finds
Data from Standard Life found that a third (31%) of adults said social spending held them back from saving for the future.
News
Cancelling unwanted direct debits could add £37k to pension savings – Standard Life
Mike Ambery said: “Redirecting just a few of those forgotten payments into your pension could make a meaningful positive impact to your financial future.”
Pensions & Retirement
People’s Pension launches regular income planning tool for members
The tool is part of a series of upgrades designed to help people manage their pension savings more sustainably in retirement.
Pensions & Retirement
Industry-led approach can deliver small pension pot consolidation by 2030, report reveals
Zoe Alexander at Pensions UK, said: “This Review shows that a practical solution to combine millions of small pension pots is within reach."
News
Lower fees could add £59,000 to retirement savings, says Vanguard
They advised checking current pension fees, as 57% of people did not understand what they pay.
News
Third of adults have voluntarily increased pension contributions – Standard Life
One in ten (10%) have made a one-off lump sum payment into their pension.
Pensions & Retirement
Chancellor could face backlash if pension tax relief is cut, warns LCP
Tim Camfield, principal at LCP, said: “Any such change could undermine pension saving and confidence in the system and should be avoided.”
Pensions & Retirement
Retirement savers to pay over 200% more tax on savings interest, analysis reveals
A FOI request submitted by Paragon to HMRC showed that people aged 65 and over were forecast to pay £2.5bn in tax on savings interest in the 2025/26 tax year.
News
Standard Life urges graduates to boost pension contributions for £26,000 retirement income
Dean Butler said: "Sacrificing a round of drinks, a gym class or a takeaway each month and putting those savings into a pension can make a notable difference over time.”
News
PensionBee launches petition demanding 10-day limit on pension transfer delays
The petition warns that without urgent change, millions of savers will continue to face long waits, while weak providers benefit from delays and confusion.