
Half of self-employed workers change pension saving habits after leaving PAYE, data finds
Data showed that a fifth of self-employed workers increased their pension contributions, but a third reduced, paused or stopped payments.

Data showed that a fifth of self-employed workers increased their pension contributions, but a third reduced, paused or stopped payments.

The deal secures the pension benefits for 1,584 members.

The new option for workplace scheme members follows Sharia Law and comes with Sharia certification.

The calculations show that around £300 of pension savings is needed to generate £1 of guaranteed monthly income for life through an inflation-linked annuity.

27% of people with a private pension do not know how pensions would be handled in a divorce, rising to 30% among women.

Gail Izat will lead strategy, transformation, integration and risk activity for the unit.

Donna Walsh said clear communication, ongoing education and industry collaboration are vital as the inheritance tax changes approach.

Research found 42% either planned to take the full 25% tax-free lump sum in one go or had already done so.

The deal will create the UK’s largest retirement savings and income business, covering 16 million customers with around £480bn in assets under administration.

Future Opportunities will give scheme members access to opportunities that were previously only available to professional investors.

12% of parents said they had contributed less to their pension than planned and 15% expected to retire later than they had hoped.

43% of business leaders backed a rise in auto-enrolment contributions, while 36% wanted to keep them at current levels.
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