Pensions, savings and investments

The government has launched a review into the retirement age for people aged under 55.

8 out of 10 people are unaware of how much they need to save to achieve their target for retirement, according to research by Seven Investment Management.

56% of personal investors are concerned that businesses may cut their dividends, according to research by The Share Centre.

Retired household income was largely unaffected by the economic downturn, according to the Office for National Statistics.

The potential pension ISA tax relief currently being considered by the government could lower savings by a sixth, according to research by the Association of British Insurers.

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