36 h. ago More pension savers keep some of their retirement pot in cash due to uncertainty

According to the JP Morgan-owned bank, Chase, some 39% of customers say they are including cash savings as part of their retirement planning.

Economics

43 h. ago Rachel Reeves is coming under mounting pressure to rule out a 'knee

Speculation is mounting that the Chancellor may reduce the maximum amount savers can withdraw tax-free from their retirement funds - prompting some to pull cash out now.

Events

1 week ago Major rule update for anyone taking cash from their pension ahead of the Autumn Budget

A MAJOR update on pension withdrawals has been issued after thousands of savers scrambled to take money out of their pot ahead of the Budget. Pension withdrawals surged 36% in 2024/25 amid speculation that the amount of tax-free cash you can take out of your pension could be cut. You can currently take up to...

Economics

2 w. ago Expert names 1 scenario that could allow people to access state pension early

The proposals would let first-time buyers use their retirement pot to put down a deposit, whether it comes from a state or private pension

Politics

2 w. ago Pension savers 'at risk of costly mistakes unless Rachel Reeves rules out lump sum cut'

Ms Reeves is facing a £50billion cavity in the public finances - more than double last year's £22billion blackhole. She is planning a raft of tax hikes this autumn to shore up the public purse.

Economics

3 w. ago Why UK savers withdrew £70bn from retirement pots over the last year

Some finance experts have urged savers to speak to advisors about their pension pots

Economics

3 w. ago Savers pulled £70bn from pension pots last year, as fears mount of further Budget tax raid

The figures from the Financial Conduct Authority, the City regulator, marked a 36% increase on the previous year.

Economics

3 w. ago More than £70bn withdrawn from retirement pots in 2024/25 – FCA figures

Some finance experts suggested that speculation around potential tax changes could have influenced some pension savers.

Economics