The average pension pot for a self-employed worker could sit at just £50,700 at retirement — roughly 15% of that of employees.
The average pension pot for a self-employed worker could sit at just £50,700 at retirement — roughly 15% of that of employees.
UK adults who receive professional financial advice report a retirement confidence score of 5.5 out of 10 – well above the 4.2 national average.
Work and Pensions Secretary says new evidence has been discovered that was not shown when deciding whether the group were due compensation.
Reeves was reportedly considering cutting or capping the tax-free pension lump sum.
Over a fifth of young people believe they’ll need £100,000+ a year for a good retirement.
Industry experts have proposed an average 20-year state pension and a new 'guaranteed period' of five years.
Changing salary sacrifice arrangements would lead to a reduction in take home pay for millions of employees, the Society of Pension Professionals warns.
LCP says more needs to be done to ensure that pension schemes become aware of the death of a member as soon as possible.
Speculation is mounting that the government could cut or cap the tax-free pension lump sum.
25% of over 55s are actively not taking any action to account for the pension changes.
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