Pensions, savings and investments

Income spending among retirees aged over 75 declines by half compared to those aged 50-65, according to research by Aegon.

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.

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