Aug 26, 2020 | Savings
Almost £31 million has been lost to pension fraudsters in the past three years, according to new figures based on complaints filed with policing body Action Fraud. The reports show that losses range from £1,000 to as much as half a million. Most victims were men in...
Aug 5, 2020 | Savings
The self-employed see property as the safest way to save for their retirement, according to a report. Royal London based its analysis on figures from the Office for National Statistics (ONS), which showed attitudes towards retirement savings. The ONS asked all...
Jul 28, 2020 | Savings
The number of people taking tax-free lump sums from their pension pots more than halved during lockdown, according to a report. Savers can take smaller sums of cash from their pension pots, with 25% of the withdrawal tax-free while the rest is taxable. Government...
Jul 6, 2020 | Savings
Many workers in sectors that shut down during the COVID-19 lockdown could be facing a retirement savings crisis, according to a report. Scottish Widows polled 5,757 savers for its annual retirement report, which was undertaken in March 2020 - during the height of the...
Jul 3, 2020 | Savings
More people in the UK have picked up the savings habit, despite interest rates falling to record lows in recent months. Figures from the Office for National Statistics (ONS) show households are putting more of their disposable income into savings than at any time in...
