Pensions, savings and investments

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.

There has been a distinct improvement in the state of the UK’s final salary pension schemes.

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