1 in 4 over-60s opt out of workplace pensions

Around a quarter of over-60s in employment are believed to be opting out of saving into workplace pensions through auto-enrolment, a report claims. Royal London claimed 23% of employed sexagenarians were opting out of auto-enrolment, much higher than the 10% national...

Expats get state pension uprating until 2023

Annual state pension increases for expats living in Europe will only be guaranteed for the next three years, if the UK leaves the EU without a deal. The Department for Work and Pensions (DWP) confirmed plans to annually increase the pension benefit to UK expats until...

Parents become ‘one of the UK’s biggest mortgage lenders’

Parents who help their adult children take their first steps on the property ladder are among the highest mortgage lenders in the UK, a survey claims. Research from Legal & General (L&G) showed the average parental contribution in 2019 is £24,100 – an increase...

Help-to-buy ISA closing date approaches

First-time buyers have around four months left to open a help-to-buy ISA, before the scheme closes to new applicants on 30 November 2019. The help-to-buy ISA allows people to receive a 25% government bonus on savings they use to buy their first home, up to a maximum...

3 in 4 firms support auto-enrolment extension

Most businesses would support auto-enrolment being made available to lower earners and the self-employed, research from the Confederation of British Industry (CBI) and Scottish Widows shows. In a survey of 240 businesses, nearly three-quarters (74%) said they want to...