Pensions, savings and investments

The arrival of the recession in 2008 resulted in a drop in overall pension contributions, the first since records began in 1995.

The improving economic climate has seen the funds of the UK’s final salary pension schemes move into a surplus for the first time in nearly two years.

Almost two out of three private sector employees are not saving for a pension, official figures have revealed.

The tax system for people in retirement has been described as being too complex, and, as a result, too many older people overpay their taxes.

Employees should be allowed to continue working after the age of 65, the Equality and Human Rights Commission (EHRC) has argued.

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