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Pensions, savings and investments

› Pensions, savings and investments

£7.6 billion accessed via pension freedoms

Savers have accessed over £7.6 billion from their pension pots since April 2015, according to figures by HMRC.

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Pension Schemes Bill places cap on exit charges

The Pension Schemes Bill from the Department of Working Pensions includes provisions to strengthen legislation on exit charges.

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State pension age consultation begins

The government is reviewing the state pension age to ensure it remains affordable and fair to everyone.

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Government to form single financial guidance body

A single financial guidance service, delivering debt advice, budgeting and pension guidance will be set up by the government.

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6 million over 50s in debt

Almost a third of people over the age of 50 are dealing with financial debt, repaying an average of £12,000.

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