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Savings, Pensions & Investments

U-turn on pension scheme

Government ditches annuity market plan

pension pot 2
The government has scrapped plans to allow the retired to sell their annuities..

Treasury confirms Budget plan

Retirees to receive £500 tax free advice

Pension advice
Retirees will have access to £500 from their pension pots tax free to help them pay for financial advice ...

Drawdown 'to become default option'

Annuities at risk of becoming ‘unattractive’

pension pot 2
Retirees will be pushed towards income drawdown as annuity prices decline in response falling gilt yields, says Alliance Trust Savings...

Project will power 130 homes

Hydro share scheme targeting £500,000

Donside Hydro
Investors are being invited to buy into a renewable energy project offering a 7% return...

Investors concerned after Brexit vote

Uncertainty prompts demand for equity release

Concerns over low-growth following the Brexit vote has led to a rise in demand for equity release products..

New deal for pensions firm

Aegon agrees annuity deal with Legal & General

Adrian Grace
Pensions company Aegon has announced that Legal & General will write the Edinburgh-based company's annuity business....

Government criticised over SPA

Women ‘grotesquely disadvantaged’ over pensions

Frank Field
Women born in the 1950s have been "grotesquely disadvantaged" by changes to pensions, according to Labour MP Frank Field. READ MORE

Money goes on holidays and children

Over-50s not using spare cash to top-up savings

Money - own pic
After paying off the mortgage Britain’s over-50s are spending their spare income on holidays, home improvements and gifts for their children.. READ MORE

Banker enjoys lavish lifestyle as jobs cut

Tesco Bank boss Higgins in £18,000 taxi bills storm

Benny Higgins
Tesco Bank boss Benny Higgins is being accused of enjoying a lavish lifestyle despite a tough clampdown on costs ordered by group chief executive Dave Lewis. READ MORE

Setback for campaign

Crabb dashes hopes over women’s state pension age

Stephen Crabb
Thousands of women campaigning to have their state pension rights restored have suffered a major setback. READ MORE