Number of pensioners renting could double by 2041.
Savings
Bank rate remains unchanged at 5.25%
BoE MPC vote to maintain current rate by 6-3.
HMRC calls for evidence on pension fund clearing exemption
Stakeholders urged to participate in the consultation process.
Many pension holders unaware of what happens to funds after death
Less than half know their pension goes to nominated beneficiaries.
Lack of awareness hinders public sustainable investments
UK public uncomfortable with investments negatively affecting climate.
Savers withdraw £1.4bn in September
Net inflows reach £1.2bn in Q3 despite challenging September.
880,000 pensioners miss £2.1bn support
Hundreds of thousands of retirees missing out on financial assistance.
Report reveals ways to improve pension engagement
Only 20% of the population confident in retirement savings.
Real Living Wage rises to £12
Announcement has implications for UK employers.
Employees support pension reform proposals
PSLA recommendations could help bolster retirement security.
Chancellor aims to boost pension funds by £1,000 a year
Announcement part of wider pension reforms.
IFS launches pensions review
Future pensioners could face “substantial financial difficulties”.
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