Pensions, savings and investments

Millennials saving more than 35-55 year olds

The millennial generation – those who have reached adulthood in the year 2000s (18-34 years old), have twice the amount of money and half the debt as those aged 35-55.

Early pension exit charges to be capped

Chancellor George Osborne has announced an end to “prohibitive” charges faced by those accessing their pension pots.

Businesses still unclear on auto-enrolment

45% of business owners without a workplace pension scheme are still unclear about their responsibilities.

Fall in pension withdrawals

The number of people accessing their pension pots dropped in the third quarter of 2015.

FSCS changes reduce deposit compensation limit

The deposit compensation limit protected by the Finance Services Compensation Scheme has been reduced to £75,000.

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