Pensions, savings and investments

Over a third of savers are using cash ISAs to fund their retirement, according to research by Alliance Trust Savings.

Savers have accessed over £7.6 billion from their pension pots since April 2015, according to figures by HMRC.

The Pension Schemes Bill from the Department of Working Pensions includes provisions to strengthen legislation on exit charges.

The government is reviewing the state pension age to ensure it remains affordable and fair to everyone.

A single financial guidance service, delivering debt advice, budgeting and pension guidance will be set up by the government.

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